🟧 un.Block #45: Future of Liquid Staking Protocol, Yield Tokenization
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🔭 Insight
Liquid Staking Protocol & Finance Derivatives & Future
Liquid staking protocol improves capital efficiency. Finance derivatives push the limit of risk and yields. What is the future for the staking ecosystem? Let’s find out in this article.
Timeless Finance: A Yield Tokenization Protocol
Timeless is a yield tokenization protocol that tokenizes the yield farming earning.
Timeless splits user deposits into two types of yield tokens:
Perpetual Yield Token (PYT): PYT tokens holder will receive the yield
Negative Yield Token (NYT): NYT price move in the opposite direction as PYT, and can be used to hedge the yield farming risk.
Yield tokenization makes the DeFi Lego world more interesting. With Timeless, we can choose their farming strategy e.g., Yield boosting, Yield hedging, and Yield speculation.
💫 Weekly Digest
Top 10 Browser Wallet
Top 10 Best Browser Crypto Wallets by Bankless
Wallet Connect 9.2 / 10
Metamask 9 / 10
Coinbase wallet 8 / 10
Brave Wallet 8 / 10
Gamestop 7 / 10
Rabby 7 / 10
Opera Wallet 7 / 10
Portis 6.5 / 10
Math Wallet 5.5 / 10
Frame 5.5 / 10
zkSync v2 Upgrade
In this upgrade, zkSync introduces lots of interesting things:
Account abstraction
L2 → L1 Messaging
New Opcodes
In Ethereum mainnet, we have two account types: contract accounts and EOA. zkSync enforces only one account type contract account. This can bring more features, like a smart contract wallet allowing private key storage and recovery, paying gas other than ETH, changing keys, tx with expiration types, and diversity in signature verification systems.
Most L2 can receive messages from L1 but with latency and no response to callers. zkSync now allows L2 → L1 messaging. If L1 ↔ L2 communication has low latency and callers can get responses, L1 will act as a big database and all executions happen on L2. L2 gets data from L1, execute the data on L2, and writes back to L1. Notice that reading data on L1 costs nothing, but do cost something when reading L1 info on L2.
zkSync is pushing EVM compatibility. Now support new Opcodes:
EXTCODESIZE
CALLVALUE(msg.value)
BALANCE
SELFBALANCE
EXTCODEHASH
📰 News
dydx V4 will be a standalone chain built with Cosmos. The reasons behind maybe sovereignty, tokenomics, cheap computations and storage, and compliance
https://github.com/arddluma/awesome-list-rpc-nodes-providers
Ropsten, Rinkeby & Kiln deprecation. Move to Goerli and Sepolia
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