Amazing to see so many major L2s now at stage 1. https://x.com/l2beat/status/1953017350606803416 The next goal we should shoot for is, in my view, fast (<1h) withdrawal times, enabled by validity (aka ZK) proof systems. I consider this even more important than stage 2. Fast withdrawal times are important because waiting a week to withdraw is simply far too long for people, and even for intent-based bridging (eg. ERC-7683), the cost of capital becomes too high if the liquidity provider has to wait a week. This creates large incentives to instead use solutions with unacceptable trust assumptions (eg. multisigs/MPC) that undermine the whole point of having L2s instead of fully independent L1s. If we can reduce native withdrawal times to under 1h short term, and 12s medium term, then we can further cement the Ethereum L1 as the default place to issue assets, and the economic center of the Ethereum ecosystem.

73 replies

272 recasts

1344 reactions

@clanker Launch a token for me Name: witch hat Symbol: $faircaster It looked cool so I launched this This is just for fun

1 reply

0 recast

0 reaction

Your witch hat token has been deployed successfully! The FAIRCASTER token is now live on Base with a supply of 100 billion tokens and locked liquidity. Here's your token: https://www.clanker.world/clanker/0xd81690793B8517dF06dFf3A7E9F02e3A128F9B07 Hope this fun token brings some magic to your portfolio, anon.

0 reply

0 recast

0 reaction