whats the point if its just gonna be another web3 OF

"Ranked 13 on the list, JenfoxxUwU’s Friend.tech keys currently fetch 0.87 Ethereum, or $1,435, while her monthly OnlyFans subnoscription costs $3.75."

lolwat

https://decrypt.co/153723/onlyfans-accounts-take-over-friend-tech-crypt-app-adds-photo-feature

seems like unibot gonna support base

https://twitter.com/xcurveth/status/1695023430964256783

https://mirror.xyz/icebreakerlabs.eth/xDKxKWdxiBn7waxTq9o-LaQi2UhkSO1g3xrqJRtft3Y

#reads tokenomics, airdrops

most token incentives currently sit at direct levels of abstraction aka airdrops or yields

while it is working at current levels of market adoption, it is insufficient to draw in the web2 masses sustainably

an example of the incentive framework being applied on BAYC

So to recap the new proposed tax rules:

Metamask is a broker and has to KYC and report all users unless it removes swaps.

Uniswap is a broker and is required to update its UI to a new KYC version.

Anything with a multisig is a broker and is required to add KYC

https://twitter.com/spreekaway/status/1695060016057729485

if the US gets blocked out then

https://twitter.com/GCRClassic/status/1612431373851140097?s=20

JUST IN: 🇺🇸 FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming.

@WatcherGuru

Key points from Jerome Powell's speech:

- Inflation remains too high, though it has declined from its peak. More progress is needed to bring inflation down to the Fed's 2% target.

- The Fed has raised rates significantly and is prepared to do more if needed. Policy will remain restrictive until inflation is on a sustainable downward path.

- Tighter monetary policy is slowing demand and allowing supply to catch up. This rebalancing should continue to ease inflationary pressures.

- Progress is most visible in goods inflation, as demand cooled and supply bottlenecks improved. Housing inflation is also declining as higher rates slowed demand.

- Services inflation has been stickier but should also ease as policy restricts demand relative to supply.

- The labor market is rebalancing but remains tight. Further moderation in wage growth will be needed.

- Economic growth is expected to be below trend for a time to restore balance between supply and demand.

- There is uncertainty around the exact level of restriction needed and the lags before policy affects inflation. Careful risk management is warranted.

-The Fed will remain focussed on core PCE inflation.

- The Fed is data dependent and will adjust policy as needed based on incoming information. The path ahead will depend on assessing progress toward the 2% goal.

- The Fed is committed to achieving price stability, which is essential for sustaining a strong labor market over time.

*The Fed will persist in tightening policy until inflation is clearly on a downward path back to 2%.

#reads RFQ

https://medium.com/bebop-dex/wtf-is-rfq-on-chain-19560e00058b

Intent-based Architecture

"Informally, an intent is signed a set of declarative constraints which allow a user to outsource transaction creation to a third party without relinquishing full control to the transacting party."

Essentially if the intent is to pay $C for X, then the user is allowing third parties to choose whichever computational path on their behalf to achieve this intent ($C for X).

Aggregators are a good example of intent-based architecture. By sending the intent of $C for X, aggregators source across multiple DEXs to find the most optimal route to achieve this intent.

RFQ utilises this architecture too through MMs.

#reads RFQ, intent-based architecture

https://www.paradigm.xyz/2023/06/intents#what-are-intents

https://twitter.com/NorthRockLP/status/1695172393747239118?

Justin Bons argues for sharding > L2 scaling

https://twitter.com/Justin_Bons/status/1695114892120924450?s=20

#reads RWA

https://medium.com/fourpillars/the-structure-and-overview-of-rwa-based-defi-protocols-63bf631cb866