This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal
Elsewhere…
Uniswap’s treasury is worth approximately $2 billion 🤯
The Uniswap Foundation proposal calls for $74 million. That’s ~4% of Uniswap’s treasury…
And the Uniswap community is divided. Why?
— Joel Miyazawa (@Ichiro_JJ) 10 August 2022
Errr this seems like a risky and terrible idea. If ETH falls a lot, the value of collateral will go down a lot, but CDPs will not be liquidated, so the whole system will risk becoming a partial reserve.
— vitalik.eth (@VitalikButerin) 11 August 2022
Touched by the tornado sanctions, MakerDAO founder Rune Christensen said he is seriously considering moving away from using USDC as collateral and converting USDC to ETH. Vitalik said that non-ETH collateral should be allowed to exceed 20% of the total. pic.twitter.com/x3ocsCq6KH
— Wu Blockchain (@WuBlockchain) 12 August 2022
Ethereum’s mainnet merge is currently scheduled for around 15/16. September.
The merger is coming 🐼
— sassal.eth 🦇🔊🐼 (@sassal0x) 11 August 2022
The terminal’s total difficulty is set to 58750000000000000000000.
This means that the ethereum PoW network now has a (roughly) fixed number of hashes left to mine. predicts that the merge will happen around September 15th, although the exact date depends on the hashrate. pic.twitter.com/9YnloTWSi1
— vitalik.eth (@VitalikButerin) 12 August 2022