arbitrum

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

1.) I don't think I could name another L2 built using the Arbitrum stack, but that doesn't mean it's dead. Still lots of TVL there.

2.) I am curious to see how the price action works when stocks are tradeable 24/7

3.) This tokenized prove equity stuff is very intriguing. Is that sort of thing even available before now?

4.) I hope Robinhood names their L2 "Friar Tuck" or "Little John"

What do you think of my four points regarding Robinhood x Arbitrum?

I like pleasure spiked with blockchain and music is my aeroplane. It's my aeroplane. @pizzadao underboss & /politics contributor. Featured in "Number Go Up"

1. Arbitrum isn’t dead. Only L2 with decent defi and no corporate backer.

2. I think this’ll benefit $arb when timeboost distributes ether to token holders

3. Idk what this was. Can’t remember 

4. I think those are good names but they are corporate

Go Memphis Grizzlies | Ave Caesar | Accidentally Defi | Building @etherguild

I didn't say it was dead. As I said, still high TVL. I haven't explored defi as much over there as I have on Base.

What's timeboost?

Wow. Arbitrum > Base to me.

Arbitrum blocks are sold to bidders who pay ether to extract MEV. It gives the chain revenue.

Ah, I'm not sure I necessarily think people should be able to extract MEV. I didn't know that about Abitrum.

Arbitrum is EVM. It isn’t like Solana where people are sandwiching every other swapper. But it provides revenue aside from fees which’ll inevitably approach zero over time.

What do you mean by sandwiching every other swapper?

You think fees on L2s will trend to zero over time? I guess if things are forever getting updated, but if updates stopped then perhaps not?

Ah, I guess I should read this probably

https://docs.arbitrum.io/how-arbitrum-works/timeboost/gentle-introduction

I’m not familiar with sandwich attacks enough to break em down but I know transactions can be ordered maliciously. Arbitrum requires a significant bond for these builders to disincentivize maliciously because. 

Yes. Fees on most smart contract blockchains will trend to zero over time. Not indefinitely toward zero but closer to zero every day