BC ETH2
Saved by @Alex1Powell

Over $600M has been locked up for staking in eth2. Problem is, it will potentially be immobile until 2022

Derivative ETH (DETH) to the rescue 👇

 The first step to becoming an ETH 2.0 validator requires sending at least 32 ETH to a deposit contract on Ethereum’s PoW chain. The deposit contract is a one-way street and any ETH staked for ETH 2.0 will be locked until ETH's PoW chain is merged with ETH 2 (likely 2022)
While this indefinite lockup was a security conscious decision made by developers, it imposes a high opportunity cost on stakers.
Validators can earn anywhere from 4-23% yield on their staked ETH, but it’s difficult to say whether or not that capital could be put to more productive use elsewhere; particularly if the current market momentum continues.
Recognizing the illiquidity and opportunity costs stakers face, multiple solutions have emerged that will allow stakers to gain liquidity on their staked ETH.

For example, @liquidstake will allow stakers to borrow USDC against ETH staked through their platform.
More broadly, a variety of firms and protocols are beginning to rollout offerings that allow users to securitize their staked ETH for liquidity, giving birth to an entirely new category of derivative ETH, or “DETH.”
Before we break down DETH, you can get all of this and more in our full Ethereum 2.0 report.

Look for helpful commentary from eth2 infrastructure provider @BisonTrails

Read: https://t.co/rBuJzT6Gw3
We’re likely to see multiple flavors of DETH issued by exchanges and staking pools that will allow stakers to rehypothecate their staked ETH for use across DeFi.
In addition to managing validator software, these services will accept ETH staking deposits and mint a corresponding amount of DETH for the depositor. DETH will represent a claim on the underlying stake that the depositor can put to work across various DeFi protocols.
While this will allow stakers to have their cake and eat it too by earning validator rewards while still maintaining liquidity on their ETH, there are considerations to be made.
Stakers will have to trust that whichever service they stake to is adequately maintaining their validator. Failure to do so will lead to reduced rewards and slashing penalties. Custodial risks will need to be considered as well.
Lastly, secondary market liquidity for different flavors of DETH will come into play. Just as the market has settled on a small handful of fiat-backed stablecoins, it will likely settle on a handful of DETH solutions.
Certain ETH derivative tokens may find themselves as illiquid as the underlying ETH locked in the deposit contract so stakers must choose wisely.
Exchanges are particularly well positioned to be major DETH issuers, as they’re among the largest holders of ETH and issuers of other wrapped assets (mainly stablecoins).
Since exchanges are already in the game of capital aggregation and in the past have raced to offer ancillary services outside of trading, there’s little doubt they will jump at this opportunity.
However, staking concentration among centralized providers could threaten Ethereum’s PoS security. Thankfully, decentralized solutions like @Rocket_Pool and @StaFi_Protocol will create two sided marketplaces for staking that will match stakers with validators.
These protocols will first allow users to pool their ETH together, then allocate that pooled ETH to a network of validators for staking.
Decentralized solutions will reduce the 32 ETH barrier to entry for stakers while allowing them to outsource the infrastructure requirements, giving them liquidity on their stake, all while supporting the decentralization of Ethereum.
Meanwhile validators will gain the ability to scale their operations without needing to purchase 32 ETH for each validator they run.
Decentralized staking solutions will also create a flavor of DETH that will depend not on the competency of a single provider, but on the competency of a pool of providers, diversifying the overall slashing risk.
This flavor of DETH will resemble securitized products like mortgage-backed securities. Where mortgage-backed securities represent the value of an aggregation of many loans, staking derivatives will pool staking positions into a single package and then tokenize them.
With a large addressable market and multiple flavors of DETH, there will be many additional financial services built on top of ETH staking derivatives.
In addition to being available for use across DeFi protocols, DETH could be packaged into a host of other products:

+ ETF-like index products 
+ Swap products that allow stakers to fix their yield and traders to speculate on yield 
+ Structured products like fixed income
The ETH derivatives space as a whole is understandably still very early, but should play a much larger role in the wake of the the Beacon Chain and proof of stake on Ethereum 2.0.
For more, check out our full report

Read: https://t.co/rBuJzT6Gw3

You May Also Like

Anastasis
Anastasis
@OrdersofM
https://t.co/6cRR2B3jBE
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.

https://t.co/FBfXhUrH5d


Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.


...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.


Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
ALL
Eric
Eric
@ericbahn
1/ Recently, I learned about the concept of ‘struggle porn’. This refers to the fetish of sacrificing nearly everything (health, relationships, time) for your startup. I fear that this label is creating more harm than good.

2/ @nateliason wrote a fabulous article about this topic, which first introduced me to this concept. Everyone should read it:

3/ @alexisohanian also recently spoke about struggle porn, though referring to it as ‘hustle porn.’ (as the co-founder of @hustlefundvc, obviously I take issue with this pejorative definition of ‘hustle’, but that’s another topic)

4/ Struggling in itself isn’t necessarily bad. Let’s be real here--if you’re going to start a startup, you will struggle. Founders should expect to work harder generally than employees. You will be challenged in many ways and also be super rewarded in others. This is normal.

5/ However, if you are over-indexing on hard work without clear purpose and degrading your mental health/relationships in the process--then this is very bad and we obviously should not celebrate this behavior.
STARTUPS
Advertisement
Anu Satheesh
Anu Satheesh
@AnuSatheesh5
Thrikkangode Sree Randu Moorthy Temple
Ottappalam, Kerala. 🚩
#keralatemples

This is very unique temple as Shiva and Vishnu both are in the “linga” form in the same Garbhagriham. The Srikovil is in a circular pattern. Temple's Prathishta was done by Parasurama.


Mahadeva and Maha Vishnu in the same Srikovil is very rare Prathishta, but poojas are done separately Dhara is done to Maha Vishnu here. People suffering from “KAIVISHAM” and mental illness are fully cured on drinking a medicinal herb supplied by a nearby family here.


The root of the banyan tree around the Ayyappa Sannidhanam is said to have great powers for skin ailments.

Very ancient temple but was covered with forest for many years.
Later two persons Chakki and Chaathan, while cutting trees their axe hit on the nearby
@SriramKannan77


Vigrahams and it suddenly started bleeding. Later Devaprashnam was held and thus found out that these were murthy's of Shiva and Vishnu which was worshipped long back. And thus temple is constructed here.
Om Namah Sivaye
Om Namo Narayanaya
🕉🙏🕉
ALL
Stephen Fasenfeld \U0001f600
Stephen Fasenfeld 😀...
@fasenfeld
1. “Who Are Ireland’s Members Of The World Economic Forum Implementing The Great Reset In 2021 ? 🧵1/28

🕵️🔎 Politicians, Musicians, Clergy, Bankers, Journalists, Human Rights, Artificial Intelligence, Sustainability, Corporations & Agriculture


2. In previous threads I have looked at 🇮🇪 key players in the Trilateral Commission as well as 🇮🇪 people who have attended the Bilderberger meetings. I also looked at the 🇮🇪 in the Young Global Leaders which is a site run by the WEF. You will see a lot of crossover between them.

3. The purpose of this thread is to compile all the Irish members into one thread for ease of access and reading rather than having to dive through the WEF site. This is by no means definitive and I will be adding more over time when they pop out of the woodwork.

4. Ireland’s WEF members are drawn from all walks of life but can be split into 2 separate areas. The WEF calls the first category “people” and the 2nd one “agenda contributors”. In total Ireland has a minimum of 61 members. Some of the names will be familiar and others will not

5. In this thread I’m just going to concentrate on the 21 people (there are probably a lot more). There are also 40 “agenda contributors” which I will cover in a separate thread. The agenda contributors are those who write articles or do research for the WEF site.
ECONOMY
Pegasus of Dharma
Pegasus of Dharma
@HarduttSuhas
THE EVOLUTION OF OUR NATIONAL FLAG (1857-1947)

The INDIAN NATIONAL FLAG is not just a flag! It's a testimony of patriotism and seamless sacrifice. A symbol representing one of the oldest civilizations on this planet.

Let's hope what happened yesterday never repeats!

(Thread)


After the revolt of 1857, the first Indian flag was designed. The design was based on western heraldic standards with "Union Jack" in the upper-left quadrant and a "Star of India" enclosed in the royal crown in the middle of the right half.(1)


The flag was a symbol of the direct imperial rule in India.(2)

In 1904 the first Indian flag which stood for India's independence from the British was devised. The design was provided by sister Nivedita, an Irish disciple of Swami Vivekananda.(3)


The flag was red and yellow with an image 'Vajra' (weapon of god Indra). The phrase 'Vande Mataram' was written in Bengali on it. The red colour and the yellow colour signified freedom and victory while the symbol of vajra stood for strength.(4)
WORLD