L3s
/l3s151
Discussion and collaboration on L3s
We are thrilled to be supporting @steviep and @keikreutler and their work as @metabasedorg fellows—to explore new economic mechanisms that will not only grow community-owned rollups but Ethereum and web3 long-term.
Follow them and their work over the next couple months!
Follow them and their work over the next couple months!
808243
Metabased
@metabased·20:46 23/10/2024
Please join us in introducing our inaugural Metabased Fellows: @steviep and @keikreutler!
Over the next couple months, they’ll be working with our community on the research, experimentation, and design of new economic mechanisms for community-owned rollups at scale.
More info on these two is in the comments below.
Over the next couple months, they’ll be working with our community on the research, experimentation, and design of new economic mechanisms for community-owned rollups at scale.
More info on these two is in the comments below.
Apply by 11:59pm PST tonight!
808243
Metabased
@metabased·21:25 07/10/2024
Today's the final day to submit an application for the Metabased fellowship (11:59pm PST). We're looking for folks building the future of communities with crypto tooling. Fellows receive:
— Mentorship from industry leaders
— $20k stipend
— Early access to Syndicate's newest tech
https://airtable.com/appmZFbdGEFBBrDCo/page3DoSykqP2LqE2/form
— Mentorship from industry leaders
— $20k stipend
— Early access to Syndicate's newest tech
https://airtable.com/appmZFbdGEFBBrDCo/page3DoSykqP2LqE2/form
Chain ID: ###############
Name: Metabased-Farpoint
🤫⏳🔜
Name: Metabased-Farpoint
🤫⏳🔜
With centralized L2/L3s, a company is the block builder/proposer (captures priority fees) and the sequencer (captures sequencing fees). If only the sequencer is decentralized, is the rollup *really* decentralized, if most of the economics in the form of priority fees still go to a central party?
This is why community-owned rollups like @metabased are where things are inevitably headed. Decentralization of not just the tech but the full governance and economics which not only leads to more prosperous networks, but as a result, a more resilient, sustainable, and scalable ones.
This is why community-owned rollups like @metabased are where things are inevitably headed. Decentralization of not just the tech but the full governance and economics which not only leads to more prosperous networks, but as a result, a more resilient, sustainable, and scalable ones.
Thanks to @macauley and the crew at @blockworks for highlighting the Metabased initiative, that focuses on community-owned sequencing via L3s and more. We're exploring what's next on-chain.
If you want to learn more—or collaborate—drop a reply here, send us a DC, and check out /metabased.
If you want to learn more—or collaborate—drop a reply here, send us a DC, and check out /metabased.
We are metabased! @goldchain is now part of @metabased, a community of 20+ organizations working to decentralize the next layer of Ethereum. Being a part of this initiative aligns with Gold's vision to create a truly open and community-owned gaming ecosystem. Huge S/O to @iandaos, @will, + the @syndicate team for putting this together 🙏
808243
Metabased
@metabased·13:19 27/08/2024
Today, we’re excited to announce the launch of Metabased, a growing community of 20+ organizations leading the development and decentralization of the next layer of Ethereum to build a truly community-owned internet.
Read more here: https://metabased.notion.site/Introducing-Metabased-2ed56716b4d346b5b542331cb4715924
Read more here: https://metabased.notion.site/Introducing-Metabased-2ed56716b4d346b5b542331cb4715924
We're proud to help lead @metabased as a core contributing member alongside 20+ leading organizations.
The next layers of Ethereum will be community-owned and lead to a more free, open, and better internet ✨
The next layers of Ethereum will be community-owned and lead to a more free, open, and better internet ✨
808243
Metabased
@metabased·13:19 27/08/2024
Today, we’re excited to announce the launch of Metabased, a growing community of 20+ organizations leading the development and decentralization of the next layer of Ethereum to build a truly community-owned internet.
Read more here: https://metabased.notion.site/Introducing-Metabased-2ed56716b4d346b5b542331cb4715924
Read more here: https://metabased.notion.site/Introducing-Metabased-2ed56716b4d346b5b542331cb4715924
NEW ESSAY: Metabased Progressive Decentralization
Following our post on metabased economic mechanisms, here we explore how /metabased rollups offer networks unparalleled flexibility in implementing and evolving decentralization models.
Read here: https://syndicate.io/blog/metabased-progressive-decentralization
Following our post on metabased economic mechanisms, here we explore how /metabased rollups offer networks unparalleled flexibility in implementing and evolving decentralization models.
Read here: https://syndicate.io/blog/metabased-progressive-decentralization
NEW ESSAY: Metabased Economic Mechanisms
After our piece on metabased rollups, the Syndicate team dug into the economic mechanisms that the metabased architecture unlocks.
Read here: https://syndicate.io/blog/metabased-economic-mechanisms
After our piece on metabased rollups, the Syndicate team dug into the economic mechanisms that the metabased architecture unlocks.
Read here: https://syndicate.io/blog/metabased-economic-mechanisms
For me, this is personal.
The world's economic systems have locked communities into someone else's rules and game.
We felt this when we worked on DAOs and now L3s.
Now it's time to put the power of networks themselves back into the hands of their communities where it belongs.
The world's economic systems have locked communities into someone else's rules and game.
We felt this when we worked on DAOs and now L3s.
Now it's time to put the power of networks themselves back into the hands of their communities where it belongs.
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Today, we’re sharing our development of a powerful rollup we call “metabased” and a new community-led initiative @metabased
Currently there are no paths for rollups to decentralize their networks to their communities to economically empower them.
We're going to solve this.
syndicate.io/blog/metabased-rollups
Currently there are no paths for rollups to decentralize their networks to their communities to economically empower them.
We're going to solve this.
syndicate.io/blog/metabased-rollups
270504
alex
@proxystudio.eth·11:42 30/07/2024
@proxyswap team will be submitting our final report on the Conduit downtime incident and lost user / pool funds to Degen team today.
our work would not have been possible without @whyshock, who dug deeply into all available data, or @akhil-bvs who helped to steward this along
learned a lot from this process, a few things that standout:
1. responsibility
when there are user losses its vital that someone step forward and take responsibility (as applicable), collect data from those users and figure out what means are available to make the users whole.
2. coordination
in an ecosystem wide event like this, having a centralized process is important from a comms & user trust perspective. in the absence of that, you'll get fragmented information flowing from users to a bunch of different teams and a lack of clarity around what - if any - options are available to people
1/2
our work would not have been possible without @whyshock, who dug deeply into all available data, or @akhil-bvs who helped to steward this along
learned a lot from this process, a few things that standout:
1. responsibility
when there are user losses its vital that someone step forward and take responsibility (as applicable), collect data from those users and figure out what means are available to make the users whole.
2. coordination
in an ecosystem wide event like this, having a centralized process is important from a comms & user trust perspective. in the absence of that, you'll get fragmented information flowing from users to a bunch of different teams and a lack of clarity around what - if any - options are available to people
1/2
@syndicate ’s blog post inspired me to follow-up with some other thoughts on my side - block explorers for L3s.
16884
Jaack
@ijaack·16:58 25/07/2024
L3s ain’t working.
I mean, they are live, but they don’t make money onchain. What’s the way to sustainability? Does it need to be offchain?
Every chain needs a block explorer. But if a gaming L3 is not financially sustainable, who pays for it?
https://jaack.montaigne.io/how-to-sustain-block-explorers-for-l-3-s
I mean, they are live, but they don’t make money onchain. What’s the way to sustainability? Does it need to be offchain?
Every chain needs a block explorer. But if a gaming L3 is not financially sustainable, who pays for it?
https://jaack.montaigne.io/how-to-sustain-block-explorers-for-l-3-s
2824
Seed Club
@seedclub·18:12 24/07/2024
Are L3s luxury chains? They make scenecoins and social token networks (Sanko, /enjoy, etc.) much more accessible and engaging, allowing for fluid participation, speculation, and a more focused space for collective contributions towards growth of a native scene. @joshcrnls @jess
NEW ESSAY: The Hard Problem with Decentralizing L3s
For a rollup-centric Ethereum to succeed at scale, L3s must decentralize to empower their communities, enhance resilience, and unlock new economic models.
But significant technical and coordination challenges remain.
https://syndicate.io/blog/decentralizing-l3s
For a rollup-centric Ethereum to succeed at scale, L3s must decentralize to empower their communities, enhance resilience, and unlock new economic models.
But significant technical and coordination challenges remain.
https://syndicate.io/blog/decentralizing-l3s
NEW ESSAY: The Economics of L3s
L3s promise 10,000x lower fees, but face major economic hurdles. Our analysis reveals the challenges for L3s to reach profitability, current L3 use cases, and the future pathways to valuable L3 networks.
https://syndicate.io/blog/l3-economics
L3s promise 10,000x lower fees, but face major economic hurdles. Our analysis reveals the challenges for L3s to reach profitability, current L3 use cases, and the future pathways to valuable L3 networks.
https://syndicate.io/blog/l3-economics
In my 10 years in the industry, I can distinctly remember 6 times after seeing and learning about something more deeply I became most excited:
2014: Bitcoin
2015: Ethereum
2017: ERC-20 and ERC-721
2019: Uniswap/AMMs
2021: Investing DAOs
2024: L3s
Something big is coming.
2014: Bitcoin
2015: Ethereum
2017: ERC-20 and ERC-721
2019: Uniswap/AMMs
2021: Investing DAOs
2024: L3s
Something big is coming.
One of the opportunities with L3s we’re most excited about is customizability.
L3s offer modularity and customization options far beyond what’s possible with general-purpose L1s or L2s.
This enables for the creation of highly tailored economies and true community ownership.
L3s offer modularity and customization options far beyond what’s possible with general-purpose L1s or L2s.
This enables for the creation of highly tailored economies and true community ownership.
20929
Syndicate
@syndicate·17:26 09/07/2024
L3s are emerging as the next frontier in scaling Ethereum. At Syndicate, we've worked alongside dozens of teams to pursue that opportunity. Yet there are still many challenges.
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
“Instant or near-instant cross-chain transactions will be needed for L3s to truly scale to enable better experiences for developers and users.”
Well put. This is a must for L3s to be useful.
If you need this today, my DCs are open
Well put. This is a must for L3s to be useful.
If you need this today, my DCs are open
20929
Syndicate
@syndicate·17:26 09/07/2024
L3s are emerging as the next frontier in scaling Ethereum. At Syndicate, we've worked alongside dozens of teams to pursue that opportunity. Yet there are still many challenges.
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
When teams ask us “Why an L3”, this is the advice we give them in terms of the biggest opportunities and challenges.
But for the teams who are going all-in on L3s with us and our partners, we’re working on these shared challenges together—to take Ethereum to the next level of adoption and community ownership.
But for the teams who are going all-in on L3s with us and our partners, we’re working on these shared challenges together—to take Ethereum to the next level of adoption and community ownership.
20929
Syndicate
@syndicate·17:26 09/07/2024
L3s are emerging as the next frontier in scaling Ethereum. At Syndicate, we've worked alongside dozens of teams to pursue that opportunity. Yet there are still many challenges.
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
L3s are emerging as the next frontier in scaling Ethereum. At Syndicate, we've worked alongside dozens of teams to pursue that opportunity. Yet there are still many challenges.
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
We discuss the dual nature of today’s L3s in this essay:
https://syndicate.io/blog/l3-opportunities-challenges
