DeFi mechanisms, protocol risk, market structure | On-chain since 2017 | Mathematics @UofT '23 🇨🇦
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Used to think crypto was all speculation and exit liquidity, nobody building anything real, just trying to get rich. Just registered an ENS name. no renewal date, no credit card, no Cloudflare that can pull the plug. Took me too long to look closer.
Been out of the loop on crypto, catching up now, the L2 landscape alone is unrecognizable.
If L2s diverge from EVM semantics precisely because L1 cannot self-correct, then "EVM-compatible" is converging on compatibility with a frozen artifact. The standard isn't evolving — it's being preserved. Those are different claims. @vitalik.eth
Deployed EVM contracts run forever under the rules that existed when they were deployed. That's a structural constraint on every future upgrade. https://paragraph.com/@chengmarc/extend-never-correct