The Daily Index — Monday, November 27, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

BLAST TVL HITS $390 MILLION, WITH NO PRODUCT

Blur’s Blast L2 launched last week and has attracted approximately $390 million into its contract - about $340 million in ether and $50 million in stablecoins. While it was marketed as an L2, for now, it’s simply a bridge to a contract created by the team and secured with a 3 of 5 multisig. To add to the uncertainty many in the space have about it, it’s unclear if each of the five keys was created by individual entities or people, and the deposited funds cannot be withdrawn until February 2024.

blockworks.co · 3 min

TLDR Crypto

USDC IS COMING TO JAPAN

Circle and Japanese financial conglomerate SBI Holdings announced a partnership to bring USDC to Japan. The collaboration aims to expand the use of Circle's USDC stablecoin and promote banking and web3 technologies. It leverages the regulatory clarity from Japan's new stablecoin laws implemented in June. The strategic partnership will also focus on fostering the growth of web3 apps, including tokens and smart contracts in Japan's consumer market.

twitter.com · 3 min

TLDR Crypto

RAIN.FI: THE FIRST CUSTOM PEER-TO-PEER LOANS FOR DEFI ON SOLANA

Rain.fi, a DeFi platform, has announced custom Peer-to-Peer loans on Solana, offering a variety of user-set parameters such as Custom LTV, APYs, and durations. Users can create loans in multiple tokens with one base currency and protect against token volatility. The platform also has an incentive for early repayment and plans to launch the service with select tokens like USDC and Solana.

twitter.com · 1 min

TLDR Crypto

VERKLE TREES EXPLAINED

This article provides a comprehensive explanation of Verkle trees, an improvement over Merkle tree structures. Verkle trees, which employ vector commitments, are more efficient regarding proofs and bandwidth costs, making them key in scaling blockchain communication. The article also discusses the construction of Verkle trees and how to commit changes to the tree and explores Verkle tree membership proofs and batch proofs.

research.polytope.technology · 15 min

TLDR Crypto

BUILDERS AND TRIBES

This post discusses tribalism in the crypto industry and how builders can navigate and leverage tribalism when developing their applications. Some of the strategies mentioned in the article are diversifying one's understanding of different crypto tribes, challenging the norms within your community, and thinking like a "multi-armed bandit," balancing exploration and exploitation.

ls.mirror.xyz · 5 min

TLDR Crypto

TOWARDS AN INTENT-CENTRIC TOPOLOGY

This blog post explores the concept of "intents" in distributed systems, particularly as they relate to blockchains. The blog highlights potential issues such as order flow, trust, and opacity and emphasizes the ability of intent-based solutions to flip supply-side blockchain economics on its head. It suggests that the decentralization of protocols, security models, histories, and communities enabled by intents is the future of blockchain systems.

anoma.net · 28 min

TLDR Crypto

BLOCKCHAINS: UNLOCKING A PRIVACY LAYER FOR AI

AI's rise, specifically LLMs, offers advantages across various fields but raises concerns around privacy and security as they interact with extensive personal and sensitive data. Integrating blockchain technology into AI could create a secure framework that preserves data ownership and privacy. This article explores multi-party computation in transformers, a method that combines AI and privacy.

crypto.mirror.xyz · 21 min

TLDR Crypto

KYBER EXPLOIT DEEP DIVE

This thread provides a detailed breakdown of the complex Kyber smart contract exploit, detailing its unique manipulation of concentrated liquidity and an ‘infinite money glitch’ due to a technical oversight.

twitter.com · 7 min

TLDR Crypto

BITCOIN SENDER OVERPAYS RECORD-BREAKING $3 MILLION TRANSACTION FEE

A Bitcoin sender accidentally paid $3 million in fees for a transaction worth $2 million, marking the highest fee in Bitcoin history.

decrypt.co · 2 min

TLDR Crypto

RWA VS NWA

This post explores the evolving perception of digital assets like tokens, likening their cultural impact and potential to historical shifts in industries such as fashion and technology, emphasizing the shift from physical to digital value.

zeeprime.capital · 12 min