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THE DAILY INDEX

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TLDR Crypto

3JANE – A PATH FORWARD FOR EIGENLAYER

3Jane is a derivatives protocol that allows users to collateralize yield-bearing ETH in options contracts, earning options premiums on top of staking and restaking yield. By sourcing yield within DeFi derivatives, 3Jane mitigates the opportunity costs of holding restaked ETH and alleviates the burden off AVS security budgets. It is a proof of concept of the potential of tokenizing cryptoeconomic security and derivatives on a shared ledger.

HORIZONTAL VS VERTICAL SCALING: THE NEW MODULAR VS MONOLITHIC

Modularity is a horizontal scaling technique that breaks blockchain down to its core components to make block creation more efficient. Vertical scaling involves increasing the hardware requirements of nodes and optimizing on the software level. Both modular and monolithic chains can employ horizontal and vertical scaling techniques. The endgame of Ethereum scalability will combine horizontal scaling through sharding and vertical scaling through parallelized VMs, which the =nil; L2 is working towards by incorporating modularity, zkSharding, and intra-shard parallelization.

THE POWER OF THE EIGEN TOKEN

This article discusses EigenLayer's "Universal Intersubjective Work Token" ($EIGEN) and its significance, breaking down its key features and complexities into 30 tweets. It explains how $EIGEN transforms Ethereum's $ETH into a universal objective work token, allowing for validation of external services and addressing intersubjective faults through a dual-token model while incorporating mechanisms like forking and social consensus.

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