Vivek
vivekventures.bsky.social
Vivek
@vivekventures.bsky.social
Proof of Stake @BitOoda_Crypto | Ethereum Ecosystem | ex-Wall St high yield bond trader | @MorganStanley @UBS @Nomura @Yale
CRYPTO IS A POSITIVE SUM GAME

We have tech that can benefit the world - including decentralized file storage, ZK, and oracle networks - which can all be monetized using ETH for fees

Let’s outsource tokenomics to ETH and focus on building awesome tech, not random tokens

(8/8)
April 19, 2023 at 9:21 PM
Too many crypto projects focus more on their token price than on their groundbreaking tech

This dilutes focus + invites regulatory scrutiny

Using tools like #Eigenlayer - why don’t we eliminate tokens and reinvent core primitives to leverage the security offered by ETH?

(7/8)
April 19, 2023 at 9:21 PM
Polygon just launched its zkEVM and will likely ZK-ify its product suite to fully facilitate Ethereum scaling

However, does the $MATIC token need to fit into this ecosystem?

Why can’t the PoS chain + zkEVMs use restaked ETH to leverage Ethereum security + pay provers?

(6/8)
April 19, 2023 at 9:21 PM
POLYGON:

@0xPolygonLabs has been an ETH-aligned project from the beginning

During the alt-L1 boom of 2021, Polygon provided a solution for the Ethereum community to compete and scale via the PoS chain

Then Polygon spent $1bn to invest in ZK tech to build true rollups

(5/8)
April 19, 2023 at 9:21 PM
CHAINLINK:

A decentralized oracle network is critical to connect real world assets to blockchain. However, $LINK token has limited utility and value accrual

What if Chainlink used ETH for oracle fees and required (re)staked ETH to incentivize reputation/honesty?

(4/8)
April 19, 2023 at 9:20 PM
Filecoin has many potential synergies with the Ethereum ecosystem:

1) Filecoin could be a DA layer for rollups, as DA + state growth is ETH’s bottleneck

2) FVM can integrate with EVM to create truly decentralized compute (including data portability and decentralization)

(3/8)
April 19, 2023 at 9:20 PM
FILECOIN:

Incredibly important infra both in and beyond crypto. However, the token is arguably dead weight on an otherwise brilliant ecosystem.

What if storage providers staked ETH instead of $FIL? What if sealing, retrieval, and storage deal fees were paid in ETH?

(2/8)
April 19, 2023 at 9:19 PM