Well, I ain't gotta dollar
But I don't need a dime
I got a little spot in the country
Where I spend all of my time
When the sun goes down on this itty-bitty town
We can light up the bowl and pass it around
And I ain't gotta dollar
But I don't need a dimeWell, the rain could be pourin'
Or the sun shinin' down
Long as my old truck still fires on up
And there's crops growin' in the ground
We'll have to pick some muscadine right off the vine
Get a little yeast and make a little wine
'Cause I ain't gotta dollar
But I don't need a dime

Our team has done a lot of work on lowering the cost of proving transactions inside a zkRollup. The new zkEVM prover can prove transactions at a rough cost of $0.000052/tx.For scaling context: you could prove every post, comment, follow, mirror and collect on @LensProtocol for under $1300, less than 1 ETH... and we are just getting started.Tag other popular apps and I'll reply with how much it would cost to prove all their transactions, and get ready to see these optimizations over on Polygon zkEVM soon :)

Wallet <> Chain Alliances are forming... personally incredibly bullish Sequence and Avocado

Context: data that helps give meaning to other data. Smart contracts rely on a lot of context when building efficient systems. In the multichain world, context is getting left behind, with trusted oracles & inefficient systems left instead. It's time to bridge that context An example of context: wstETH. Any wallet can hold the wstETH token and interact with it, however contracts might like to know the rate between wstETH and stETH. This context is provided by the contract via `stEthPerToken()`.https://etherscan.io/token/0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0#readContract#F10The problem arises once wstETH is bridged to another network. This context, is no longer present in the bridged token. Instead contracts must rely on a trusted oracle or operate without the information, both suboptimal solutions.For my fomo #ETHLisbon hack, I built `Context Provider`, a pair of contracts that lets anyone bridge rate provider data from Ethereum to Polygon PoS & zkEVM using `FxPortal`. No permissioned actors. No oracles. Designed to bring contextual `ERC-4626` data to a multichain world.https://github.com/oneski/context-rateprovider*`NOTE: Code is not well written, I am not a contract dev. Code is not audited. Don't use in a production environment. Please fork responsibly.`*(Alfa: What zkEVM projects leverage a rate provider and can bring hyper efficient DeFi to the low gas chain )

New pair of cowboy boots came in. Country music karaoke arc unlocked.

Saw this trend on the blue app, so trying it out here. Please comment with your answer (don't be afraid of 🌶️ takes):City I dislike: San Francisco City I think is overrated: London City I like: Porto City I love: Madrid City I feel most myself in: NYC City I still need to visit: Bogotá City I dream of living in: Tel AvivWhat about you?

Spent part of the weekend re-reading the GHO Technical Paper, and it has made me so excited to see it live.Dropping some of my key takeaways and what makes GHO different from other stablecoins:1) GHO x Aave - the first facilitator described by the GHO paper is the Aave Market. With the Aave Market issuing stablecoins, which are the #1 borrow token type, expect the interest rate for GHO to be lower than that of USDC, DAI and more. With no suppliers to compensate with interest, the GHO borrow rate is pure profit for the DAO and can undercut other stables.2) Facilitators - the GHO section of the paper doesn't describe any specific stable, issuance or redemption mechanism, just the ability for governance to add and give limits to different strategies called "facilitators". My read is that governance will evaluate a multitude of strategies and onboard many, since exposure to each can be capped via facilitator limits.3) Modular design - while the source code for GHO isn't released (I can't wait to dive in myself), this model of facilitators makes adding new strategies super modular. Things that may be complex in other stables (D3M, LiquidityInjection, CollateralInvestor, PSM) can be coded and audited in a much easier manner.Read the paper for yourself and let me know what you think!https://governance.aave.com/t/gho-development-update/10267?u=oneski22

Happy Holidays!

Seeing @jakeowen.lens on Lens has me chillin', breezin', sippin', singin' whoa-oh-ohhttps://open.spotify.com/track/5dNGORzxFb5z3v7vSAFkTU?si=ed54ff5f45324a3c

3 days, 5 mountains*Time to warm up my feet and get back to building. Have always found skiing (snow or water) helpful to clearing mind and reinvigorating creativity.*(in order of preference: Snowbird, Alta, Canyons, Deer Valley, Park City)