Latest / The Paul Barron Crypto Show / Institutions Thirsty For ETH🔥MASSIVE Ethereum Update!🚀

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Institutions Thirsty For ETH🔥MASSIVE Ethereum Update!🚀 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into ECC today. We're going to break down
• 0:02
  Speaker 1: some of the biggest news coming out of that event.
• 0:04
  Speaker 1: You guys can visit ETHCC dot io and learn a
• 0:07
  Speaker 1: little bit more about what's going on over there in France.
• 0:10
  Speaker 1: A lot of news coming out, but the key thing
• 0:13
  Speaker 1: has really been centered around yields and also borrowing within
• 0:17
  Speaker 1: the DeFi architecture. And if you look at some of
• 0:19
  Speaker 1: the things that are happening right now, this is interesting
• 0:22
  Speaker 1: to me. Only twelve percent of US crypto holders currently
• 0:26
  Speaker 1: use a cold wallet. First of all, how are you
• 0:28
  Speaker 1: guys not getting into self custody? That's what I want
• 0:30
  Speaker 1: to know. One of the ways you can do that
• 0:32
  Speaker 1: is jump over to Tangum. Tangum you can actually get
• 0:35
  Speaker 1: yield inside your wallets and it's very easy to set up.
• 0:39
  Speaker 1: Just go to tangent dot com. Use our link. It's
• 0:41
  Speaker 1: going to give you a little bit of a discount.
• 0:44
  Speaker 1: You can start your whole self custody role and then
• 0:47
  Speaker 1: you can start to take benefits and advantages of DeFi.
• 0:51
  Speaker 1: Very secure and easy setup, so check it out. I
• 0:53
  Speaker 1: want to go to a clip here from ECC that
• 0:55
  Speaker 1: kind of leads this off, and the first thing we
• 0:58
  Speaker 1: want to get into is how instantetions are actually degenerates.
• 1:02
  Speaker 1: Take a look.
• 1:03
  Speaker 2: Basically, institutions when they use real world assets on the blockchain,
• 1:07
  Speaker 2: they optimize for a high yield, so they're not putting
• 1:11
  Speaker 2: things on the blockchain or holding these assets on the
• 1:14
  Speaker 2: blockchain to have like a safe haven in of the horizon.
• 1:18
  Speaker 2: This institutional product, you know, how much bigger ten percent
• 1:22
  Speaker 2: API product is versus these sort of t bill exposures
• 1:28
  Speaker 2: that you have on the right side here this is centrifuge.
• 1:32
  Speaker 2: So they have one point five billion put on the blockchain,
• 1:35
  Speaker 2: but they only have twelve million of all of this
• 1:38
  Speaker 2: in the blockchain, And so why is that When there's
• 1:41
  Speaker 2: institutional holders on the other end, there's a lot of restrictions,
• 1:44
  Speaker 2: and then in general the liquidity is thin. But when
• 1:47
  Speaker 2: you can connect to these permissionless protocols like Morpho, you
• 1:52
  Speaker 2: do suck up a lot of these type of assets.
• 1:56
  Speaker 1: All of that is starting to lead into one major
• 1:59
  Speaker 1: move ethereum is making I put out a tweet on
• 2:02
  Speaker 1: this talking about remapping L two consolidation. This is of
• 2:05
  Speaker 1: course all coming from Ittallic an L one renaissance, which
• 2:09
  Speaker 1: is where I think we're going to truly see some
• 2:11
  Speaker 1: high value DeFi sing on main net and he put
• 2:14
  Speaker 1: out the statement of hey, eth no longer makes in
• 2:18
  Speaker 1: terms of the L two, is that the role in
• 2:19
  Speaker 1: ethereum no longer makes sense and we need a new
• 2:22
  Speaker 1: path forward. This is what's been kind of the focus
• 2:24
  Speaker 1: of what's going on at ECC. And I think when
• 2:27
  Speaker 1: you look at that, I've got a clip that I
• 2:29
  Speaker 1: want to jump to because this one goes into one
• 2:32
  Speaker 1: of the announcements, which is the EEZ announcement. Take a look.
• 2:36
  Speaker 3: So there's a reason why the average transaction fees came
• 2:39
  Speaker 3: down again, why they're no longer fifty dollars. So look
• 2:43
  Speaker 3: at the number of L two's kind of on the
• 2:45
  Speaker 3: same timeline. Today we have hundreds every two weeks and
• 2:50
  Speaker 3: new L two launches. It moved the execution largely off
• 2:56
  Speaker 3: main net. We use zero knowledge.
• 2:59
  Speaker 4: Proofs that in the last month, I'm talking the last
• 3:01
  Speaker 4: month literally, this has advanced a lot the performance.
• 3:05
  Speaker 2: Okay, since we are able to prove blocks in real time.
• 3:09
  Speaker 1: The world says it's not possible.
• 3:12
  Speaker 3: The builder pushes on, He.
• 3:15
  Speaker 1: Strikes the keys with all his heart.
• 3:20
  Speaker 3: Is to you, builder is to ease.
• 3:27
  Speaker 1: So that's a good one. I like the lego side
• 3:30
  Speaker 1: of that. The ethereum economic zone is what it boils
• 3:33
  Speaker 1: down to. There's a good post out there that kind
• 3:35
  Speaker 1: of breaks it down. This is going to be the
• 3:37
  Speaker 1: L two area where we're going to start to see
• 3:39
  Speaker 1: a lot of these kind of things take place. They
• 3:41
  Speaker 1: had another another clip there at the event that gets
• 3:45
  Speaker 1: into the demo itself and how L two bridging is
• 3:49
  Speaker 1: officially dead. Take a look at this one.
• 3:51
  Speaker 3: Let's look at a couple of examples, because I understand
• 3:54
  Speaker 3: this was really high level. Let's look at bridging uscs
• 3:58
  Speaker 3: on network one, you want to send them to network
• 4:00
  Speaker 3: to What you do is you go to the bridge
• 4:02
  Speaker 3: contract on the other network owes your token, so you
• 4:05
  Speaker 3: go there, you claim the tokens, and then you have
• 4:06
  Speaker 3: the tokens on the other network. That is how bridging
• 4:09
  Speaker 3: currently works in the etherio economic zone. What you can
• 4:12
  Speaker 3: do is you can just execute a transaction across both networks,
• 4:16
  Speaker 3: so you touch both states simultaneously. Example to liquidity, Currently
• 4:22
  Speaker 3: you have the same polls deployed on many different networks.
• 4:26
  Speaker 3: Arbitrage is kind of what barely stitches it back together
• 4:30
  Speaker 3: in the etherio economic zone. However, you still have all
• 4:33
  Speaker 3: of these various pulls on the various chains, but they
• 4:36
  Speaker 3: stop behaving like separate markets and they find the best
• 4:42
  Speaker 3: way to kind of set at your trade. And if
• 4:44
  Speaker 3: the liquidity for the token you're trading is better on
• 4:47
  Speaker 3: another easy network, kind of it routs it via that
• 4:50
  Speaker 3: network and then kind of loops it back. I give
• 4:52
  Speaker 3: you more examples. I hope you're ready.
• 4:53
  Speaker 1: Okay, all right, so you can kind of see they're
• 4:56
  Speaker 1: dropping quite a few things that are changing some of
• 4:58
  Speaker 1: the infrastructure around. AVE also announced their V four now alive,
• 5:04
  Speaker 1: and you look at that in comparison to where Ave's
• 5:07
  Speaker 1: insights right now. Look how fast this is starting to grow.
• 5:10
  Speaker 1: Just launching the key here, I think will be how
• 5:13
  Speaker 1: does this look in thirty days? What do we start
• 5:16
  Speaker 1: to see as some of the things roll out within
• 5:18
  Speaker 1: AVE V four. I think this is going to be
• 5:20
  Speaker 1: one of the bigger revelations that come out of ETHCC
• 5:24
  Speaker 1: and also why it might affect some of what we're
• 5:26
  Speaker 1: going to see around the EZ. All right, another clip here,
• 5:30
  Speaker 1: This is where AVE is about to be fully composable
• 5:34
  Speaker 1: through the EZ. Take a look.
• 5:36
  Speaker 3: Next example is composable finance. Say I have ETH on
• 5:40
  Speaker 3: chain A I want to stake it on another chain.
• 5:43
  Speaker 3: Then I want to borrow against it on another chain,
• 5:45
  Speaker 3: and I want to use that liquidity I just got today.
• 5:48
  Speaker 3: This is a bunch of steps with bridging in between
• 5:51
  Speaker 3: a delay and a failure risk at every step. It
• 5:55
  Speaker 3: will take you a long time. In media economic zone,
• 5:59
  Speaker 3: you can touch upon all of the estates in a
• 6:02
  Speaker 3: single transaction, so all of this can happen in a
• 6:05
  Speaker 3: single block. It also allows completely new mechanisms. Say you
• 6:10
  Speaker 3: have a PRODUCTO like AVE. Okay, today, Aves deployed on
• 6:14
  Speaker 3: many different networks, and the AVE deployment always sees the
• 6:19
  Speaker 3: tokens that you have on that network, and you can
• 6:22
  Speaker 3: borrow against them. It's capital inefficient because AVE doesn't see
• 6:26
  Speaker 3: you entire balance. It just sees what's on that network.
• 6:29
  Speaker 3: In principle, kind of, as soon as AVE understands what
• 6:32
  Speaker 3: the state of the other easy networks is, you can
• 6:36
  Speaker 3: now borrow against your one collateral base. It's all possible
• 6:40
  Speaker 3: because it's synchronously composable.
• 6:45
  Speaker 1: So that would be a pretty big deal for AVE,
• 6:47
  Speaker 1: and I think in general, I think for lending on crypto.
• 6:50
  Speaker 1: The real question though, is when does all this take place.
• 6:53
  Speaker 1: They actually reveal some of that Take a look.
• 6:55
  Speaker 3: This isn't just theoretical. Okay, you just saw it. Will
• 6:58
  Speaker 3: give the demo from a contract on L one. He
• 7:01
  Speaker 3: called a contract on L two, reverted back to L
• 7:05
  Speaker 3: one and kind of completed the loop. You have seen
• 7:09
  Speaker 3: that it works. All the major block builders on board, Titan,
• 7:12
  Speaker 3: Beaver and Flashpots, all the depths, cow save Ave, Spark, Monarium, Xtox,
• 7:21
  Speaker 3: and so on. They are all founding members of this.
• 7:24
  Speaker 3: This will be available from day one and may net
• 7:29
  Speaker 3: will be pretty soon sometime this summer.
• 7:34
  Speaker 1: All right, there you have pretty soon sometime this summer. Now.
• 7:37
  Speaker 1: One other thing that got revealed here I think is
• 7:39
  Speaker 1: around x stox. This was a statement around whether if
• 7:42
  Speaker 1: eth was going to Nasdak or Nasdak is coming to Ethereum. Well,
• 7:46
  Speaker 1: this is what they had to say.
• 7:47
  Speaker 4: Take a look, Nasdak is coming on chain. They saw
• 7:51
  Speaker 4: what we were doing and they said, we want to
• 7:54
  Speaker 4: be a part of this. Nasdak is building their tokenization
• 7:58
  Speaker 4: framework that is different than what x stocks is. They
• 8:01
  Speaker 4: want to build a permission chain that they can permission
• 8:04
  Speaker 4: token that they can control within a walled garden. Great,
• 8:09
  Speaker 4: well we're going to do with x stocs is allow
• 8:11
  Speaker 4: that token to come into the xtox ecosystem and be
• 8:16
  Speaker 4: interoperable as a DeFi token.
• 8:19
  Speaker 1: All right, So you can see a lot of things
• 8:22
  Speaker 1: being revealed, and it really kind of is mapping the
• 8:25
  Speaker 1: new financial system. When you look at some of the
• 8:28
  Speaker 1: hot topics during each SEC, it was really permission versus
• 8:32
  Speaker 1: permissionless some of those tempo Canton a permission chain and figure.
• 8:37
  Speaker 1: And as you look at some of the heat that's
• 8:40
  Speaker 1: been going on around Canton, Ethan kind of hit on
• 8:42
  Speaker 1: it right here. Canton is what you get if a
• 8:44
  Speaker 1: prometheum was run by people whose competence match their narcissism. Ooh,
• 8:49
  Speaker 1: the strikes are coming out hot. I want to go
• 8:52
  Speaker 1: to a clip around this because this gets into some
• 8:54
  Speaker 1: other things that I think are interesting, and that is
• 8:57
  Speaker 1: the ZAMA CEO talking about Canton.
• 9:00
  Speaker 5: Do you remember the ninety cent cale intranets, right, that's
• 9:05
  Speaker 5: right right. Every company had like their own many internal
• 9:08
  Speaker 5: Internet and you could connect your private network to another
• 9:10
  Speaker 5: company's private network to exchange data. Does that sound familiar? Sure?
• 9:14
  Speaker 6: Right?
• 9:15
  Speaker 5: Then people created the Internet, one global public network that
• 9:19
  Speaker 5: everybody could use and with a SHGPS which brought encryption
• 9:23
  Speaker 5: in privacy to the Internet, you could able to use
• 9:26
  Speaker 5: it for financial transactions, for commerce, and today nobody's using
• 9:29
  Speaker 5: an intranet anymore. The Internet actually one the reason why
• 9:33
  Speaker 5: people use intranets at the time was privacy and security.
• 9:38
  Speaker 5: But once the Internet offered that, people migrated to the Internet.
• 9:41
  Speaker 5: We're going to see exactly the same with institutional finance.
• 9:44
  Speaker 5: They're all going to move to public permission less blockchain
• 9:47
  Speaker 5: encrypted using technologies like FAG or why not ZK.
• 9:52
  Speaker 1: That's a good explanation by by Zama, and I think
• 9:57
  Speaker 1: for most people they understand that, and they also understand
• 9:59
  Speaker 1: the evolution of words technology has kind of come from.
• 10:01
  Speaker 1: And I think privacy is the point that he's making
• 10:04
  Speaker 1: right there. And it's also the point that I know
• 10:06
  Speaker 1: Canton and others make around this when it comes to ZK.
• 10:09
  Speaker 1: But here is what privacy will look like very soon.
• 10:13
  Speaker 1: Take a look.
• 10:14
  Speaker 3: Singer's composibility also allows things that we genuinely do not
• 10:19
  Speaker 3: have today. Your private identity on a privacy preserving chain
• 10:23
  Speaker 3: doesn't have to be EVM. This is all call based,
• 10:27
  Speaker 3: so kind of you could have it on asteg or
• 10:28
  Speaker 3: wherever you like, so your private identity never leaves the
• 10:32
  Speaker 3: privacy chain, just the proof you no longer need to
• 10:36
  Speaker 3: replicate your identity across every single network or kind of
• 10:40
  Speaker 3: use a trusted that party.
• 10:43
  Speaker 1: Very powerful, and that is something that is accelerating quickly
• 10:46
  Speaker 1: coming fast within the network. Other things that are coming
• 10:50
  Speaker 1: fast as post quantum ethereum. They even have a roadmap
• 10:54
  Speaker 1: in place. If you go over to pqetherum dot or
• 10:58
  Speaker 1: you can learn more about this and hit that view roadmap.
• 11:00
  Speaker 1: You can kind of see some of the layouts of
• 11:02
  Speaker 1: what they've got planned. And it seems like it's much
• 11:04
  Speaker 1: faster or coming much faster than I think a lot
• 11:06
  Speaker 1: of people anticipated. And if you look at this right here,
• 11:10
  Speaker 1: it's called EIP eighty one forty one. This is decoupling
• 11:13
  Speaker 1: accounts from fixed signature schemes and this would provide a
• 11:16
  Speaker 1: new migration path to a post quantum secure signature scheme.
• 11:22
  Speaker 1: So much faster, I think, maybe quicker than I think
• 11:25
  Speaker 1: even what we've anticipated around this. So big news all
• 11:29
  Speaker 1: on ECC. This is just beginning of the conference. Likely
• 11:33
  Speaker 1: to see a lot more news coming out. I want
• 11:34
  Speaker 1: to play one more clip for you, which is Morpho
• 11:37
  Speaker 1: revealing a new fixed rate lending platform.
• 11:40
  Speaker 6: Take a look so you can see that fixed rate
• 11:43
  Speaker 6: markets are the primitive that we think is going to
• 11:47
  Speaker 6: scale the DeFi space, and this is missing at the moment.
• 11:51
  Speaker 6: This is more for TBA so to be announced. I'm
• 11:54
  Speaker 6: not going to lig the name, but we've built lending
• 11:59
  Speaker 6: prot coal where anyone can on Earth can like make
• 12:04
  Speaker 6: and create offers where you can say, hey, I want
• 12:08
  Speaker 6: to lend my USDC to those bunch of people at
• 12:12
  Speaker 6: that rate, and maybe you can specify a range of rates.
• 12:17
  Speaker 6: You can actually create broad offers and you can update
• 12:21
  Speaker 6: every day like your offers every minutes if you want,
• 12:24
  Speaker 6: depending on the markets.
• 12:27
  Speaker 1: This is gonna be awesome I think for lending, especially
• 12:31
  Speaker 1: in stable coins, and the ability to modulate the offer
• 12:34
  Speaker 1: as needed. I can't wait till MOREPHO drops a little
• 12:37
  Speaker 1: bit more news about that. We're gonna be watching ECC
• 12:40
  Speaker 1: this week. I anticipate big stuff is coming. If you
• 12:50
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• 12:53
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• 12:56
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