The Trillion Dollar L2 Opportunity | Part Two
05/05/22 • 61 min
2 Listeners
This is part two of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. A paradigm shift unlike any other is unfolding at this very moment. Countless crypto newcomers wish they started experimenting with parts of space sooner vs. later. There’s still time, though. Especially as it pertains to L2s.
Tune in to learn more about what makes this opportunity so immense, how to take advantage of it, what it means for the future of the space, and so much more.
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------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
------ Topics Covered:
0:00 Intro 5:30 Public Goods Explained 14:00 The Fault of Block Rewards 19:40 Where the Money Comes From 23:50 Types of Public Goods Taxes 27:25 Good vs. Bad MEV 28:55 Where Revenue Goes 32:40 Retroactive Public Goods 44:30 Public vs. Private Investing 46:30 The Untapped Potential 53:40 Public Goods Building Ideas 56:23 The Opportunities 58:05 Disclaimers
------ Resources:
Part One https://youtu.be/HMFxgTbY_9Y
Tascha Labs https://twitter.com/TaschaLabs
Optimism https://www.optimism.io/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
This is part two of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. A paradigm shift unlike any other is unfolding at this very moment. Countless crypto newcomers wish they started experimenting with parts of space sooner vs. later. There’s still time, though. Especially as it pertains to L2s.
Tune in to learn more about what makes this opportunity so immense, how to take advantage of it, what it means for the future of the space, and so much more.
------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
------ Topics Covered:
0:00 Intro 5:30 Public Goods Explained 14:00 The Fault of Block Rewards 19:40 Where the Money Comes From 23:50 Types of Public Goods Taxes 27:25 Good vs. Bad MEV 28:55 Where Revenue Goes 32:40 Retroactive Public Goods 44:30 Public vs. Private Investing 46:30 The Untapped Potential 53:40 Public Goods Building Ideas 56:23 The Opportunities 58:05 Disclaimers
------ Resources:
Part One https://youtu.be/HMFxgTbY_9Y
Tascha Labs https://twitter.com/TaschaLabs
Optimism https://www.optimism.io/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Previous Episode
The Trillion Dollar L2 Opportunity | Part One
1 RecommendationsThis is part one of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. L2 summer is right around the corner. Start preparing now. Part two will be airing tomorrow!
------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
------ Topics Covered:
0:00 Intro 5:30 Why to be Excited About L2s 8:38 Do L2s Cannibalize ETH? 16:33 L2 Fees 20:55 Difference in Rollups Fees 22:55 L1 Fees 29:29 The L2 Paradigm 32:05 Burning Explained 40:32 ETH Stake Rate 42:55 The Demand for ETH 51:55 L2’s Narrative Opportunity 56:45 The Security Budget 1:01:30 L2 Summer is Coming 1:06:10 Liquid Mining & Tokens 1:08:10 Summarizing Part One 1:12:30 Disclaimers
------ Resources:
L2 GDP Map https://twitter.com/RyanSAdams/status/1521503349773946882
Burn Leaderboard https://ultrasound.money/
ETH Isn’t Expensive https://twitter.com/RyanSAdams/status/1521471900836372481
Money Printer https://moneyprinter.info/
Crypto Fees https://cryptofees.info/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Next Episode
Is Crypto Dead? Fed Crashes Markets. Bored Ape Land Mint. Hop Airdrop. Solana Down.
1st Week of May, 2022
------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
------ Topics Covered:
0:00 Intro
4:00 MARKETS 4:20 BTC Price 5:10 ETH Price 6:31 ETH BTC Ratio 7:30 Crypto Market Cap
7:50 THE FED https://twitter.com/NorthmanTrader/status/1520048451660226561?s=20&t=WsDzeddLzDPlD__LhyLbbA
13:15 Ethereum’s Q1 Results https://twitter.com/banklesshq/status/1520140178878353410 16:05 Global Metrics https://dune.com/hildobby/Ethereum-Overview 17:08 OP Stimpak https://twitter.com/optimismPBC/status/1521577143364427777?s=20&t=OPbZKxvvbYFZRDvMbp4wXg 19:30 NFTs Booming https://decrypt.co/99226/nfts-dead-opensea-daily-trading-record-476m-ethereum
22:15 RELEASES 23:00 Lido Centralization https://scorecard.lido.fi/ 26:12 ENS Constitution https://constitution.ens.domains/ 27:12 Etherscan Heatmap https://twitter.com/etherscan/status/1521813183346151424
27:45 RAISES 28:00 Pangea https://www.bloomberg.com/news/articles/2022-05-04/crypto-wunderkinds-secure-85-million-to-start-own-hedge-fund 28:48 Syndicate https://twitter.com/SyndicateDAO/status/1521483151406600192
30:12 JOBS https://pallet.xyz/list/bankless/jobs
30:00 NEWS 32:35 Hop Airdrop https://twitter.com/HopProtocol/status/1520055351931985921 34:35 Bored Ape Mint Fiasco https://coinmetrics.substack.com/p/state-of-the-network-issue-153 40:30 Fork Optimism https://twitter.com/FUCORY/status/1520849858793402368 42:20 10k ENS Club https://twitter.com/10kclubofficial/status/1520903265164091402 45:50 Starbucks NFTs https://techcrunch.com/2022/05/04/starbucks-to-launch-nfts-this-year-offering-access-to-unique-experiences-and-benefits/
47:20 SOLANA GOES DOWN https://twitter.com/solanastatus/status/1520508697100926977 49:20 Censorship Worries https://twitter.com/nixxholas/status/1520509031751684096 51:23 Broken Record https://twitter.com/TrustlessState/status/1521657185654116353?s=20&t=cgCZ5KCih_sZluVjKLjFfA
54:20 OTHER NEWS 54:39 Waren Buffet BTC https://markets.businessinsider.com/news/stocks/warren-buffett-charlie-munger-bitcoin-crypto-cryptocurrency-investing-berkshire-hathaway-2022-4 56:30 PoolTogether Lawsuit https://www.wsj.com/articles/crypto-savings-lawsuit-puts-principles-of-defi-to-the-test-11642069806 1:02:06 TRIBE Exploit https://decrypt.co/99103/fei-protocol-offers-10m-bounty-after-80m-rari-capital-exploit
1:05:00 COMMUNITY QUESTIONS https://twitter.com/wongisrite/status/1522054783200243712 1:06:54 Layer 2 Solutions https://twitter.com/locopatron1/status/1522057520721801217?s=20&t=cgCZ5KCih_sZluVjKLjFfA 1:08:48 Sharding or Movie? https://twitter.com/sharath_darsha/status/1522060962500554753?s=20&t=cgCZ5KCih_sZluVjKLjFfA
1:10:00 TAKES 1:10:28 Parasitic Layer 2s https://twitter.com/ryansadams/status/1521503349773946882 1:13:06 Bad Take https://twitter.com/pgaffney/status/1522038187782254593
1:16:28 What David’s Excited About 1:18:47 What Ryan’s Excited About
1:20:05 MEME of the Week https://twitter.com/BanklessHQ/status/1521908752756080642?s=20&t=cgCZ5KCih_sZluVjKLjFfA
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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