Cross-chain crypto activity still asks users to make a lot of execution decisions. A simple swap can involve choosing a bridge, checking the destination asset, managing gas, approving tokens, comparing routes, and waiting for settlement. Experienced users may understand these steps, but the process still creates room for mistakes and hidden trust assumptions. Intents are one approach to simplifying that flow. Instead of asking the user to specify every step, an intent lets the user specify th...

In April, the Lazarus group, a cybersecurity organization sponsored by the North Korean government, exploited KelpDAO for about $292 million. The hacked used forged cross-chain messages to mint 116,500 unbacked rsETH and then use that asset inside DeFi lending markets. Note: rsETH, issued by Kelp DAO, is a liquid restaking token (LRT), that allows users to deposit their Ethereum staking assets (like stETH or ETHx) into EigenLayer and earn compounded yields. The exploit destabilized the DeFi i...

I know — you're probably sick and tired of seeing New Year predictions. Or, maybe you enjoy them. I don't know. People do like making (and reading!) predictions. It's kind of part of our nature. I don't usually write prediction posts, but this year feels different. AI is here. ChatGPT is used by, what feels like, virtually...everyone. Claude is too, and the exciting updates keep coming. We even have robots now—Waymo self-driving cars are already on the road. If you’ve watched Stranger Things,...

Greetings, readers! (or Gm, as we say in crypto). This newsletter provides digestible breakdowns of complex protocols and products in the Ethereum ec...

Greetings, readers! (or Gm, as we say in crypto). The purpose of this newsletter is to provide digestible breakdowns of complex protocols and product...

Breaking down Ethereum protocols and products similar to Gizmodo/Consumer Reports

PrefaceWith a heavy heart, I bear the news that Meta Gamma Delta (MGD), due to unfavorable market conditions posed by the current bear market, will be...