The Doots Weekly #76

A podcast where we highlight the brains of r/Ethfinance, including EVMavericks, every week!

Hosted by the one and only @ProDJKC! Big shoutouts to u/Tricky_Troll, u/equal-jellyfish1, @The_eth_Word for making doots and podcast happen!

You can find the full episode in the link here.

Here are the top 12 snippets of this week:

1. u/krokodilmannchen reposts vitalik: Ethereum's fundamentals are stronger than ever, with sub-cent transaction fees on Layer 2, improved cross-L2 wallet UX, and advanced ZK tooling for developers. Key progress includes enhanced privacy tools, a growing identity and credentials ecosystem, and clearer roadmaps for account abstraction and block construction. Staking decentralization remains stable, debunking concerns over centralization.

2. u/nagus' Ethereum investment thesis from 2016 remains strong: it's still the most decentralized, trusted, and efficient blockchain, with major regulatory and market tailwinds ahead. With ETFs opening up for allocation and stablecoins driving near-term growth, Ethereum is positioned to capture significant value, especially as AI applications rise. Despite market volatility, Ethereum’s risk/reward profile is more attractive than ever, reinforcing continued investment.

3. /u/18boro reminds us that Roman Storm of Tornado Cash is seeking financial support for his trial, as he's severely underfunded. Donations in ETH are welcome for both him and Aleksei Pertsev, who is already in jail. NFTs are also available for those interested. Make sure to do your own research before contributing. Donation links: Roman Storm , Alexey Pertsev.

4. u/abcoathup shares that "Week in Ethereum News" celebrates its eight-year anniversary, with a big thanks to Evan Van Ness for his dedication in providing the Ethereum community with curated news. A special mention goes to the editor who has contributed for over three years to this valuable resource.

5. /u/Vinegar_Strokes__ shares an article that outlines 11 pivotal moments in Ethereum's history that shaped it into the second-largest blockchain. Key events include the Ethereum white paper (2013), the DAO hack and birth of Ethereum Classic (2016), DeFi Summer (2020), the transition to proof-of-stake with "The Merge" (2022), and recent upgrades like Decun (2024) and the introduction of ETFs (2024).

6. u/Ethical-trade fights misinformation about Ethereum's decentralization on r/cc which is a constant battle, as many falsely claim it's not decentralized. While some genuinely believe these claims, others are influenced by them. The hope is for more people to counteract this disinformation, but it often feels like a frustrating effort.

7. u/696_eth brought EVMavericks Weekly Recap (August 19-25). This week featured active community engagement on Discord, including live voting for the Doots Podcast, fantasy football league sign-ups, and discussions on various topics like ENS, Tron, and Ethereum Foundation's ETH sales. Highlights include big gains in memecoin plays, participation in creative projects, and discussions on the future of airdrops. The ETHFitness thread was revived, and a security reminder emphasized using the Discord security channel. For all the details and to join the conversation, visit the EVMavericks Discord.

8. u/eth2353 is introducing a new Ethereum validator client designed to combine data from multiple beacon nodes, enhancing resilience against single-client bugs. This approach promotes client diversity and network resilience. The creator hopes other operators will adopt it for a stronger Ethereum ecosystem. For more details, check out their discussion on r/ethstaker.

9.1 u/haurog shares that MakerDAO has rebranded as Sky Protocol, with MKR tokens now swappable for new SKY tokens, though holding MKR remains an option. A new stablecoin, USDS, can be swapped 1:1 with DAI, and offers built-in SKY rewards for holders. The protocol officially launches on September 18. USDS includes a freeze function similar to USDC and USDT. More details are available on the MakerDAO forum.

9.2 u/Stobie goes a bit more in depth. MakerDAO's upcoming upgrade, including a new USDS stablecoin, faces backlash due to concerns over a "freeze function" linked to its upgradeable contract. While upgradeability is common for regulatory compliance, the debate centers on how it's managed—through a DAO or a more centralized approach. Despite concerns, there is optimism about Sky Protocol's future and potential improvements for DAI.

10. u/Detroitlions81 reminisces about the camaraderie and humor of the 2018-2020 bear market, contrasting it with the recent shift toward airdrop hunting and reduced risk-taking due to hacks and expectations. They miss the thrill of exploring new protocols on Ethereum, feeling that today’s Layer 2 experiences lack the simplicity and excitement of the past. Despite these challenges, Detroitlions81 is optimistic, believing L2s must consolidate and offer a smoother, Ethereum-like experience to reach the next level.

11. u/pa7x1 covers: Ethereum's usage has grown 700% in a year, reaching 350-400 transactions per second, and three filled blobs currently add $500 in ETH burn, boosting value. Despite misunderstandings around EIP-1559's fee mechanism, Ethereum's potential is clear: more blobs will be filled, increasing ETH's value over time. With expected growth, Ethereum could reach $10,000 per ETH from blobspace alone within a decade, driven by efficient fees, value capture, and its role as pristine collateral with lower issuance than USD or Bitcoin.

12. u/superphiz shares guardians of the Ether has launched an upgradable NFT for solo and home stakers, serving as a badge for governance inclusion. These non-transferrable NFTs offer no economic incentive, only the pride of participation. They can be upgraded annually to reflect continued involvement in the beacon chain. With low gas fees, it's a great time to mint.

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