Tarun Chitra Discusses ETH Staking, Restaking, and 'Financial Nihilism' Ahead of Consensus 2024

180 Life Sciences set to raise $425 million for Ethereum treasury, plans rebrand to 'ETHZilla'

NEW EP: Tarun Chitra on AI x Crypto, His AI ‘Daily Drivers’, and Staking Landscape Different AI models are becoming specialized tools rather than one-size-fits-all solutions. In today's episode, @ayyyeandy & @Robbie_rollup chat with @tarunchitra to explore: > Why O3 Excels at Reasoning But Struggles with Coding > Claude vs Gemini: The Debugging Showdown > Users as AI Team Managers > Why Most Crypto x AI Projects Are Still Too Early > The Real Opportunities in Edge Computing > Peak Staking Yield & What’s Next Full episode links below. Timestamps: 00:00 Intro 00:49 Magic Ad 01:17 Comparing AI Agent Products 07:30 AI Response Accuracy 08:57 LM Integration 11:01 Google Search vs OpenAI Prompts 12:30 Reinforced Training 15:25 SummerFi Ad 16:07 Mantle Ad 16:51 Open Source AI Progress 19:48 Fine Tuning Models 21:40 Tarun’s Market Thoughts

Meet the Gauntlet team at @Permissionless IV in Brooklyn this week! 📍 June 25 at 2:10 PM, CEO @TarunChitra joins a debate on how protocols should monetize blockspace, alongside @jon_charb, @MaxResnick1, and @JoshuaTobkin—moderated by @ayyyeandy. 📍 June 26 at 3:30 PM, Tarun returns to present on optimizing rewards in the age of Deepseek. 📍 June 26, Paul Lei, our Head of Protocol Strategy, will speak about crafting incentive programs that actually work, joined by @YanLiberman ( @Delphi_Digital ) and mel.eth ( @StableLab )—moderated by Robert Burkhart ( @BlockworksAdv ). Come say hi 👋

Drift DeFi Day — TL;DR Agenda Here’s what to expect on May 21: 1. The State of US Policy on DeFi (From Capitol Hill to Crypto): Unpack what’s happening in DC with Kristin Smith from the Solana Policy Institute and Green Xethalis from Multicoin 2. Real Money, Real Assets, Real-Time: Institutional RWAs: Listen to how real-world assets are moving on-chain with Christine Moy from Apollo and Tarun Chitra from Gauntlet, moderated by Cindy Leow from Drift 3. State of Solana DeFi Presentation: From BTC inflows to RWAs, Carlos Campos from Blockworks Research breaks down the data behind the momentum 4. Why Solana DeFi Will Win: Z and Chris from Drift go deep into Swift Protocol and what’s next for DeFi speed and scale (1000x) 5. The Infrastructure Layers of DeFi: Listen to a stacked panel with FP from Sanctum, Robin from Raiku, Christian from Metamask and Joanna from SOON on building what powers it all. 6. Internet Capital Markets: Lily Liu from Solana Foundation on the open, global markets that are changing how capital flows. Also on deck: - Keynotes by @cindyleowtt, @davijlu - A live @Lightspeedpodhq episode with @KyleSamani, @0xMert_, @crispheaney and @whosknave - Demos from rising teams in the @DriftFDN Momentum Accelerator — @ReflectMoney, @OfficialZenrock and @ExponentFinance Full agenda here: https://t.co/4X6Yj0VezC ___ A big thank you to all speakers: @KMSmithDC, @xethalis, @cindyleowtt, @cmoyall, @tarunchitra, @0xcarlosg, @bigz_Pubkey, @crispheaney, @soleconomist, @degenroot, @MidwitMilhouse, @justsayuluvjo and @calilyliu.

NEW EP: What Went Wrong with Crypto AI Agents with Tarun Chitra and Wei Tai Everyone’s talking AI agents, but no one’s asking the hard questions. In today's episode, @ayyyeandy & @robbie_rollup sit down with @tarunchitra of @gauntlet_xyz and @_weidai of @1kxnetwork to cover: > What’s next for crypto AI agents post-meme hype > DeepSeek’s reward model and compute efficiency > Can MCP become the "HTTP of AI agents"? > Why are today’s agent protocols so insecure (and can crypto fix that?) > Reasoning models and long-term AI planning > Micro-payments and autonomous onchain agents Full episode links below. Timestamps: 00:00 Intro 00:49 Magic Ad 01:05 Current Research Landscape 04:01 Types of Quantum Computers 09:58 Quantum Crashing Compute Marketplace? 17:51 Why Run Models Locally? 22:04 The Next Agent Boom 26:29 What is MCP? 39:30 Mantle Ad 40:11 Agent to Agent Communication Trends 49:16 Model Training Rewards? 55:32 Commoditizing Compute

Compound collaborates with Morpho to launch a new lending vault on Polygon.

Uniswap Foundation's COO Raffi Sapire announced his resignation and will join the TLDR project.

Uniswap Foundation's COO is resigning, and its co-founded DeFi research project TLDR will be split into an independent non-profit organization.

GM! Today’s the big day 👌 If you’re at ETHCC, we're co-hosting the Encryption Day: ZK, FHE, & MPC. Excited to see y'all there! Speakers include: our co-founder @Pememoni, Justin Drake from the ETH Foundation, Tarun Chitra from Gauntlet, Ed Felton from Arbitrum, Eli Ben Sasson from Starkware, Lisa Loud from Secret Network, and more. Join us: https://t.co/CuUiROrQm7

Fantom Foundation Launches Sonic Foundation and Closes $10 Million Funding Round

The FANTOM Foundation has brought in several industry heavyweights as angel investors, including Michael Egorov, the founder of CURVE FINANCE.

FANTOM Foundation introduces founders of COMPOUND and GAUNTLET as angel investors.

Wallfacer Weekly (#2)Here’s a roundup of what piqued our interest this week:- Gauntlet shifts allegiance from Aave to Morpho- Mike Neuder and Tarun Chitra explore risks of #LRTs in #DeFi- GFX’s partnership with Uniswap goes live after governance vote- Yearn x Ajna’s juiced vaults now on @vaultsfyi Gauntlet shifts allegiance from Aave to Morpho📰 Story: In the last Wallfacer Weekly, we covered @gauntlet_xyz's split from @aave. In a further turn of events, @MorphoLabs announced their newfound partnership with the leading DeFi research firm. With Aave recently targeting Morpho's optimizers, this move comes as a surprise to many — signaling a shift of allegiances in the sector. 💡 Our Take: Something we have discussed internally over the last few months has been the trend of service providers (Gauntlet being a key example) that are monetizing by providing services rather than building protocols of their own. Gauntlet’s fees as a risk provider to Aave are relatively capped ($2mm annually), whereas in Morpho they can take a fee based on the success of the vault. Gauntlet's partnership with Morpho underscores what could be a significant change in the DeFi lending protocol landscape. The ascent of protocols like Morpho, Spark and Ajna brings a new wave of competition for protocols like Compound and Aave in what previously felt like a very “decided'' category. Mike Neuder and Tarun Chitra explore risks of LRTs📰 Story: The Total Value Locked (TVL) in Liquid Restaking Tokens (LRTs) has surged dramatically, soaring from $250 million to over $4 billion in just two months, primarily driven by EigenLayer's growth. This influx, largely speculative in anticipation of future yields from active restaking and early utilization of LRT protocols, has prompted an in-depth analysis of the risks inherent in LRTs. @mikeneuder from the Ethereum Foundation and @tarunchitra of Gauntlet have recently delved into these risks. Their analysis aims to enhance the understanding of LRTs by juxtaposing them with TradFi assets. It emphasizes that there is no such thing as a free lunch in finance – the promise of higher rewards with LRTs is invariably accompanied by greater risks.💡 Our Take: The explosive growth of LRTs is a double-edged sword, presenting both opportunities and risks within DeFi. Neuder and Chitra's analysis suggests parallels between LRTs and early, volatile, high-growth financial products. As LRTs evolve, they could lead to more sophisticated financial products in DeFi, mirroring the evolution seen in traditional markets. The key lies in balancing innovation with risk, ensuring that the pursuit of higher yields does not overshadow the need for sustainability. The 90-day increase in TVL on @ether_fi, a liquid restaking protocol, as tracked on @vaultsfyi.GFX’s partnership with Uniswap goes live📰 Story: In a significant step towards embracing new Layer 2 solutions, @Uniswap's community passed a notable governance proposal on February 28. The proposal, detailed on Uniswap's forum, involves a strategic partnership with @labsGFX. Known for developing @okutrade, a professional trading interface for Uniswap, GFX will now aid Uniswap's expansion into new Layer 2 ecosystems. This collaboration, underlining Uniswap's aggressive approach towards Layer 2 innovation, involves a funding of $315,000 over one year to support GFX’s contributions to this ambitious venture.💡 Our Take: “B2DAO” is the key theme of this governance proposal. GFX has a long history with Uniswap and this proposal furthers the relationship of the two in a mutually beneficial way. Uniswap will get faster and more aggressive deployments on new chains and OKU (GFX) will be paid for those new deployments. DAOs (Uniswap, Maker, and many others) are some of the richest organizations in our industry and though navigating them can be difficult, the size of commercial agreements for companies can be extremely lucrative. Head to the @wallfacerlabs website to check out our podcast episode with @getty_hill, co-founder of GFX Labs.Yearn x Ajna’s juiced vaults now on @vaultsfyi 📰 Story: We recently added @yearnfi x @ajnafi's $ETH, $DAI, and $USDC juiced vaults to @vaultsfyi. These vaults, employing an innovative approach by auto-compounding $AJNA rewards, have shown exceptional performance with yields close to 20% APY over the last 7 days.💡 Our Take: The success of Yearn and Ajna’s juiced vaults illustrates a broader trend: the continued diversification of DeFi opportunities. Ajna adds another layer of competition to DeFi by eschewing traditional oracles and governance for a market-driven, internal order book approach. Our ambition in developing @vaultsfyi was to craft a competitive arena where the most effective yield strategies naturally rise to the top.7-day APY averages for Yearn/Ajna’s juiced vaults on ike.