Could OFAC compliance hinder Ethereum staking?
1/ ນັບຕັ້ງແຕ່ # ອີເທີ's transition to Proof of Stake, emerging themes suggest that Ethereum staking has the potential to grow exponentially.
Could OFAC compliance hinder this potential? pic.twitter.com/jvviAfUCqE
- Messari (@MessariCrypto) ຕຸລາ 20, 2022
2/ Let's look at staking performance since the transition.
ກັບ $ ETH inflation nearing 0%, real returns for validators have reached 6% from 0% at the start of The Merge. pic.twitter.com/jspNZ4VH6M
- Messari (@MessariCrypto) ຕຸລາ 20, 2022
3/ With the execution risk of The Merge behind and greater demand for staked ETH with higher real returns, the stETH discount has all but vanished.
This has meant an increase in average daily deposits for October at 13,500 $ ETH, ເມື່ອທຽບກັບ 7,300 ສໍາລັບເດືອນສິງຫາ. pic.twitter.com/oBCklq6ypm
- Messari (@MessariCrypto) ຕຸລາ 20, 2022
4/ Of the ~800,000 ETH added since September 2022, most of the growth comes from outside the key players.@Rocket_Pool grew at 31%, the fastest among known entities, with 67,000 new $ ETH staked since September. pic.twitter.com/WZPh6EfXf1
- Messari (@MessariCrypto) ຕຸລາ 20, 2022
5/ On top of these metrics, a number of emerging themes show potential for increased $ ETH ສະເຕກ.
Acceptance as crypto's collateral of choice, restaking, and DAOs staking ETH held in their treasury are a few growth avenues moving forward.
- Messari (@MessariCrypto) ຕຸລາ 20, 2022
Reactions on SBF banning DAI and Uniswap
SBF wants to ban DAI and Uniswap and you guys still think he's on your side? Lol
— Spreek (@spreekaway) ຕຸລາ 19, 2022
on a side note, it's amazing how fast his story changed from "this won't change defi at all" to "I think 50%+ of the defi industry by TVL should be made completely illegal" when someone leaked the actual bill
— Spreek (@spreekaway) ຕຸລາ 19, 2022
To give some more substantive feedback, an app level blacklist in real time seems totally unworkable to me. It would presumably have to be maintained by keepers constantly updating it and the bad guys can simply move their funds to a new address and swap in the same block. pic.twitter.com/nxyq7nFqbJ
— Spreek (@spreekaway) ຕຸລາ 19, 2022
Not to mention the fact that you could be griefed by people frontrunning you with dusting attacks and causing you to repeatedly get put back onto the blacklist (automatically!). Even if you can get off it by burning, it still makes the chain functionally unusable
— Spreek (@spreekaway) ຕຸລາ 19, 2022
So, totally ineffective at stopping bad guys, but very effective at making defi useless for everyone else. Almost like there might be an ulterior motive here.
— Spreek (@spreekaway) ຕຸລາ 19, 2022
Centralized exchange proprietor proposes regulations that moat his own position. https://t.co/QwpMNMe10f
- Matt Ahlborg (@MattAhlborg) ຕຸລາ 20, 2022
SBF thought on crypto regulation
1) ດັ່ງທີ່ໄດ້ສັນຍາໄວ້:
ຄວາມຄິດໃນປະຈຸບັນຂອງຂ້ອຍກ່ຽວກັບກົດລະບຽບ crypto.https://t.co/O2nG1VrW1l
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
2) ໃນລະດັບສູງ:
a) ພວກເຮົາຕ້ອງການການຄວບຄຸມລະບຽບການແລະການປົກປ້ອງລູກຄ້າ
b) ພວກເຮົາຈໍາເປັນຕ້ອງຮັບປະກັນເສດຖະກິດທີ່ເປີດກວ້າງ, ບໍ່ເສຍຄ່າ, ບ່ອນທີ່ການໂອນເງິນຈາກ peer to peer, code, validators, ແລະອື່ນໆ. ແມ່ນບໍ່ເສຍຄ່າໂດຍສົມມຸດຕິຖານ.
c) ພວກເຮົາຄວນຈະສ້າງຕັ້ງລະບຽບການ – ແລະຈົນກ່ວາມາດຕະຖານ – ເພື່ອຮັບປະກັນ (a/b)
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
3) ທໍາອິດ, ມັນຫມາຍຄວາມວ່າພວກເຮົາມີ blocklists ແລະບໍ່ອະນຸຍາດໃຫ້ສໍາລັບກິດຈະກໍາທາງດ້ານການເງິນທີ່ຜິດກົດຫມາຍ.
ພວກເຮົາຕ້ອງການລາຍຊື່ທີ່ຢູ່ທີ່ໄວ ແລະເຊື່ອຖືໄດ້ທີ່ກ່ຽວຂ້ອງກັບການເງິນທີ່ຜິດກົດໝາຍ.
But peer to peer transfers should generally be free as long as they're not going to sanctioned actors.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
4) This can simultaneously enforce sanctions compliance effectively while also making sure that you don't need a passport and social security number to buy a bagel from 7-11.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
5) Second, we need something to reduce the impact of security breaches and hacks in crypto.
One way we could do that is with a community standard that required attackers to return the vast majority of assets and prioritize customer protection, in return for settling the dispute.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
6) Third, we should work towards public disclosures and transparency for assets.
For non-securities, we have a framework we've rolled out for FTX US Derivatives: https://t.co/SSQriZVAQN.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
7) Fourth, we should develop a regulatory structure that allows the settlement benefits of blockchains to protect the profits made by retail investors in equities: https://t.co/gT97VoFDfe
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
8) Fifth, we should develop standards to help inform and protect customers.
At its core, I think this means:
a) disclosures
b) safer clearing models
c) suitability based on knowledge, not wealthhttps://t.co/ManjPFa3QC- SBF (@SBF_FTX) ຕຸລາ 19, 2022
9) Sixth, DeFi.
This is, frankly, one of the trickiest areas to get right. The most important thing is that we not jump the gun: that industry, regulators, and lawmakers work collaboratively and thoughtfully together.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
10) But we should make sure that code, peer to peer transfers, validators, etc. are free while also ensuring that retail-facing platforms and marketing build in customer protection.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
11) Finally, stablecoins.
They make payments better: https://t.co/r1FnTNQyX5.
We need regulatory oversight and up to date public information and audits to confirm that dollar backed stablecoins are, in fact, backed by the dollar.https://t.co/fb7J82GDpv
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
12) All of these are just suggestions, and I would love feedback on them.
It would be ideal if some industry group(s) took the lead in publishing what they felt were appropriate standards.
And ultimately, we need sound regulatory frameworks.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
13) I'm optimistic that we're making progress on that last point.
I'm optimistic, for instance, that the Stabenow-Boozman bill would protect customers while also protecting economic freedom; and that federal regulators are making progress towards thoughtful frameworks.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
14) But my support for any particular bill, framework, etc. is absolutely contingent on those points–contingent on them actually protecting customers, and them actually protecting economic freedom.
Anyway, here's the blog post link once again: https://t.co/O2nG1VrW1l.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
15) And, finally:
NONE OF THIS IS LEGAL, REGULATORY, OR INVESTMENT ADVICE.
- SBF (@SBF_FTX) ຕຸລາ 19, 2022
ທີ່ມາ: https://www.cryptopolitan.com/best-twitter-threads-of-the-day-october-20th/