Jon Charbonneau Profile Banner
Jon Charbonneau Profile
Jon Charbonneau

@jon_charb

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Co-founder @dba_crypto | Co-host @UCC2_xyz | 🦖

Manhattan, NY
Joined January 2022
Don't wanna be here? Send us removal request.
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@jon_charb
Jon Charbonneau
8 months
wow this is getting crazy now
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@jon_charb
Jon Charbonneau
2 years
This is THE definitive deep dive on Ethereum’s ambitious roadmap. Special thanks to @dankrad for your insights and review! AND we made an exception to open-source this Give me an hour of your time, and I’ll save you months of work Enjoy
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@jon_charb
Jon Charbonneau
2 years
@VitalikButerin gave us An Incomplete Guide to Rollups I present The Complete Guide to Rollups :) Ok not quite but gud meme Enshrined (FINALLY), sovereign, smart contract, recursive… I go deep their tech + economics Ya it’s long, but tons of memes
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@jon_charb
Jon Charbonneau
7 months
Crypto as Harry Potter characters: 1) Gary Gensler = Voldemort
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@jon_charb
Jon Charbonneau
2 years
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@VitalikButerin
vitalik.eth
2 years
Deep dive on Ethereum's sharding roadmap from @Delphi_Digital . It's very good!
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@jon_charb
Jon Charbonneau
2 years
Called it: Every subnet will eventually issue its own asinine token and try to cannibalize AVAX (except they won’t pay a penny back to Avalanche, unlike rollups which will pay tons of fees back to Ethereum) 🤡 lmao
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@jon_charb
Jon Charbonneau
1 year
This is the complete guide to: - Sequencer decentralization - Shared sequencers - X-chain atomicity - MEV-awareness for rollups - Where SUAVE fits in - Decentralizing proving
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@jon_charb
Jon Charbonneau
5 months
just one more modular vs monolithic post bro. i promise bro just one more L1 vs L2 and it'll fix everything bro. bro. please just one more. one more post and we can fix this whole problem bro.
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@jon_charb
Jon Charbonneau
2 years
In case you couldn't tell by my twitter feed, I've been looking at MEV lately This is my first MEV report of possibly several I plan to do ahead It gives a lay of the land today, how we got here, and looks ahead
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@jon_charb
Jon Charbonneau
2 months
Don’t take seriously ppl drawing definitive conclusions based on Ethereum L2 fees rn 4844 is awesome, but the pricing data rn is literally meaningless Anyone’s guess what it looks like as it stabilizes Stop over promising bc Mert is gonna bookmark you & ratio in a few months
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@jon_charb
Jon Charbonneau
9 months
I analyze the endgame for: -Proof-of-stake (PoS) -Liquid staking tokens (LSTs) -Dual governance -Proof-of-governance (PoG) -Restaking & PEPC I reconsider their merits from first principles & push back on popular notions including economic security
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@jon_charb
Jon Charbonneau
1 year
This is a detailed functional Ethereum model including long-term roadmap items Flexible to easily run any scenarios/timing (eg, when 4844, danksharding, rollup data compression rates, staking rates, fees, MEV burn, issuance, etc)
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@jon_charb
Jon Charbonneau
4 months
Satoshi is LAUGHING at you
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@jon_charb
Jon Charbonneau
2 months
the coordination to keep shipping major upgrades to a decentralized network that secures ~$1 trillion will never not be insanely impressive
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@jon_charb
Jon Charbonneau
1 month
every blockchain
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@jon_charb
Jon Charbonneau
1 year
In the most confusing mix possible, managed to: -Disagree with most Ethereum people -Agree with @aeyakovenko -Agree with @apolynya -Still bullish ETH (NFA @ Gary)
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@jon_charb
Jon Charbonneau
9 months
You’ve been asked for a real-world non-speculative use case for crypto
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@jon_charb
Jon Charbonneau
2 years
How we might fix things
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@jon_charb
Jon Charbonneau
13 days
EIGEN is finally here, and it unlocks huge new innovation! The whitepaper introduces EIGEN as the first “universal intersubjective work token” That’s a mouthful so let’s explain it simply…
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@eigenfoundation
Eigen Foundation
13 days
Introducing the Eigen Foundation, EIGEN token, and Season 1 Stakedrop!
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@jon_charb
Jon Charbonneau
9 months
Bitcoin, Cosmos, Ethereum
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@jon_charb
Jon Charbonneau
2 years
Quick personal note - today’s my last day @Delphi_Digital Research I’m incredibly grateful for the entrance to crypto they gave me this year & the opportunity to work alongside some amazing people! Excited to continue driving crypto forward for years to come 🫡
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@jon_charb
Jon Charbonneau
2 months
TRUMP > TREMP but BODEN > BIDEN & BODEN > TREMP My operating theory has been that this is because Biden has 0 rizz, and thus needs to be memed Trump is the ultimate meme of a human, & thus any derivative meme is necessarily below the original Efficient meme pricing here
@phantom
Phantom
2 months
Doland Tremp or Jeo Boden? Cast your vote in the comments 📥
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@jon_charb
Jon Charbonneau
2 months
Watching the SEC get smoked on this is gonna be the most satisfying thing ever
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@tier10k
db
2 months
SEC WAGING CAMPAIGN TO CLASSIFY ETHEREUM AS A SECURITY: FORTUNE Source: DB | Coins: ETH
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@jon_charb
Jon Charbonneau
2 years
Everyone is talking about the merge, but what does it actually look like? And how will Flashbots' MEV-Boost soon play a huge role in Ethereum? Quick thread
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@jon_charb
Jon Charbonneau
9 months
Americans: “omg is it safe to go to Paris there are riots” *goes to Paris, is beautiful* *returns to New York:
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@jon_charb
Jon Charbonneau
6 months
If you asked someone to write an Onion article about L2s yesterday I’m pretty sure they would’ve written exactly this
@Blast_L2
Blast
6 months
Introducing Blast: The only Ethereum L2 with native yield for ETH and stablecoins. We’ve raised $20m from @Paradigm and @StandardCrypto to build the L2 that helps you earn more. Details on how to get early access at the end of the thread👇
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@jon_charb
Jon Charbonneau
1 year
Can you spot the trend
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@jon_charb
Jon Charbonneau
2 years
Grab your popcorn as two of the biggest gigabrains 🧠 around finally get together Filming next week on @PodcastDelphi - @dankrad from @ethereum and @jadler0 from @CelestiaOrg get into the nitty gritty of the exciting modular stacks being built Some of the topics we’ll hit 👇
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@jon_charb
Jon Charbonneau
4 months
this is the last thing you see as a BTC ETF issuer
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@EricBalchunas
Eric Balchunas
4 months
LOWER: BlackRock has just cut the fee on its spot Bitcoin ETF to 0.25% (and 0.12% for the first $5b). They really going for the jugular here, looking to crush the others bf they even born, just brutal. ARK has also cut to 0.21%. Bitwise curr low at 0.20%. Terrordome life.
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@jon_charb
Jon Charbonneau
2 years
Remember when they told you rollups are parasitic
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@jon_charb
Jon Charbonneau
2 months
the more time I've spent on proof of stake, the more I've come to appreciate many aspects of proof of work
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@jon_charb
Jon Charbonneau
4 months
Larry Fink is on CNBC this morning bullposting tokenization of everything and a coming ETH ETF Meanwhile Cramer is screaming that Bitcoin has topped If you need to ask anything else you can’t be saved
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@jon_charb
Jon Charbonneau
4 months
My entire 401k had been in Vanguard funds for the past few years Sold all of it today
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@NateGeraci
Nate Geraci
4 months
My thoughts on Vanguard gating access to spot bitcoin ETFs? Here you go. A move like this simply doesn’t resonate in 2024. Financial services industry continues moving *towards* greater accessibility & investor empowerment, not away. via @joelight
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@jon_charb
Jon Charbonneau
4 months
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@jon_charb
Jon Charbonneau
4 months
Satoshi is LAUGHING at you
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@jon_charb
Jon Charbonneau
1 year
cosmos
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@jon_charb
Jon Charbonneau
2 months
L2s aggressively pushing L3s is a strategic business move rather than a scaling one, and one that Ethereum L1 should be cautious of the power dynamics
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@jon_charb
Jon Charbonneau
3 months
New post is LIVE! - LST design considerations, including the LSM & ETH variants - LST market structure & incentives across ecosystems - How @stride_zone offers the leading multichain LSTs - Unique @CelestiaOrg LST considerations - Why stTIA is modular money 🧱
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@jon_charb
Jon Charbonneau
2 years
Just dropped my first report @Delphi_Digital ! I took a deep dive into valuing the top L1 native assets What makes number go up, and does it even matter? What are these things - equities? commodities? bonds? money?
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@jon_charb
Jon Charbonneau
4 months
- Everyone hates ETH, L2s are dead - Everyone max bidding ETH beta lately, but ETH barely moved - Restaking & related airdrops will inject massive amounts of capital, ETH is central - Celsius been dumping - ETH ETF narrative t-minus a few hours Missing anything?
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@jon_charb
Jon Charbonneau
4 months
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@jon_charb
Jon Charbonneau
8 months
agree Eclipse is obviously positive for Solana its just also clearly positive for Ethereum, & ppl have a hard time reconciling “wait how can it be good for both?????” fair argument who “wins more” on relative basis, but neither is the loser here it’s not one or the other
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@0xMert_
mert | helius | hSOL
8 months
seeing awful takes about Eclipse, an SVM based ETH L2 and how this is "bad" for Solana pls don't fall for such non-serious comments this is extremely bullish for Solana this is open source software, if it's as great as we say — it'd be much more concerning if it *werent* being…
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@jon_charb
Jon Charbonneau
1 year
Encrypted mempools as a tool for MEV & censorship This post is largely built around @drakefjustin 's great presentations on the topic (links in post) They're pretty complicated (at least for me), so I tried to break them down simply then expand a bit
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@jon_charb
Jon Charbonneau
5 months
Recent months will likely prove to be very positive longer term for Ethereum, its L2s, & ETH They’re not going away First time in a long time that the crazier views & narratives from the past few years were forced to reevaluate Valuable reminder that nobody’s won anything
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@jon_charb
Jon Charbonneau
4 months
many such cases
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@LanrayIge
Lanre Ige
4 months
One thing i worry about is whether all the apps which decide to launch their own chains just end up being generalized smart contract chains eventually — especially given market seems to incentivize this. Seen similar w/ Sei and Injective but not LR good idea
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@jon_charb
Jon Charbonneau
8 months
Just remembered that avalanche still exists lol
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@jon_charb
Jon Charbonneau
8 months
Idc what y’all say I love this app
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@jon_charb
Jon Charbonneau
4 months
A person I have known for more than ten years, who I consider trustworthy, is convinced the BTC ETF will shortly be rejected. I don’t know anything concrete, but if I were exposed, I would be concerned.
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@jon_charb
Jon Charbonneau
4 months
Idc if our coins go to 0 but guys we absolutely cannot let Jim Cramer call the top on us no way
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@jon_charb
Jon Charbonneau
5 months
Mert getting community notes powers was the most bullish event of 2023 ngl
@0xMert_
mert | helius | hSOL
5 months
LMAOOOOOOOOOO I GOT GARY GENSLER TOO HAHAHHA community notes ftw I have went full Twitter Karen 😤
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@jon_charb
Jon Charbonneau
1 year
Unbelievably happy to announce the launch of @dba_crypto with @different_mj !
@dba_crypto
DBA
1 year
“The world needs another venture capital fund” - Literally no one, 2009. “The world needs another crypto fund” - Literally no one, 2023. “The world needs another crypto fund” - DBA, 2023.
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@jon_charb
Jon Charbonneau
8 months
Trying to do a small personal international wire transfer rn EUR/USD Ok yea can confirm crypto makes sense, this shit is so dumb
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@jon_charb
Jon Charbonneau
5 months
i was informed theres finally an NFT project with literally 0 utility quek
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@jon_charb
Jon Charbonneau
1 year
Shorter followup on more directly why the bridge ≠ rollup thing matters Focused on practical & social implications here Thank you to @stonecoldpat0 and @kobigurk !
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@jon_charb
Jon Charbonneau
1 year
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@jon_charb
Jon Charbonneau
4 months
this direction is cool, if theres gonna be a bunch of chains feels inevitable we'll need some form of ZK aggregation = unify + verify for fun max hopium also check out @drakefjustin recent reddit post from EF AMA on universal synchronous composability
@0xPolygon
Polygon | Aggregated
4 months
Until now, blockchain scaling had 2 paradigms: Monolithic & Modular Introducing the next one: Aggregation A novel solution combining the benefits of monolithic & modular designs by unifying liquidity via safe, near-instant atomic cross-chain txs using ZK proofs. Feb Mainnet 👇…
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@jon_charb
Jon Charbonneau
2 months
Ngl would be pretty funny if Solana becomes a base layer for L2s and ends up winning at that
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@jon_charb
Jon Charbonneau
2 years
The Tornado Cash sanctions reignited the debates at the very heart of crypto in the strongest way since I’ve started following the space (admittedly a relatively short time) I’ve been thinking a bit more about it tonight, so I’ll offer my rambling thoughts here
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@jon_charb
Jon Charbonneau
1 year
Research Day videos are finally out! Thank you again to everyone involved! We’re really thankful that so many amazing people made the trip to come together for an amazing day Individual talks and links below:
@dba_crypto
DBA
1 year
We’re happy to share that the Research Day videos are finally live! Thank you again to all of the incredible speakers and our amazing co-hosts: @CelestiaOrg @__geometry__ @robotventures
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@jon_charb
Jon Charbonneau
2 months
ok guys we need to stop saying "rollups inherit security" now pls
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@jon_charb
Jon Charbonneau
4 months
HAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHA
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@jon_charb
Jon Charbonneau
1 month
research lately on ETH PoS issuance has been very good but I remain very opposed to any changes rn initial curve was somewhat "eh feels about right" but the new one is fundamentally no different these tweaks try to solve an unsolvable problem of fundamental tradeoffs in PoS
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@jon_charb
Jon Charbonneau
6 months
This honestly might’ve been the only sequence of events possible in corporate governance to make DAOs look well-managed
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@jon_charb
Jon Charbonneau
3 months
reject modernity, embrace tradition
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@stride_zone
Stride
3 months
No tricks, no fine print, and absolutely NO POINTS! Just hold stTIA, and every day you'll receive an allocation of STRD proportional to your percentage of the total eligible stTIA supply. You can claim your fully liquid STRD six months after the day it was allocated.
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@jon_charb
Jon Charbonneau
2 years
🚨Private orderflow & the block builder market🚨 Recent censorship concerns are thankfully waking the community up to some of the threats that we need to build around But now we need to talk about the next topic nobody is talking about yet - exclusive private orderflow
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@jon_charb
Jon Charbonneau
2 years
Before throwing more rocks at Flashbots, ask yourself two questions: 1) Where would Ethereum be without them right now? 2) Do you honestly think they've been ill-intentioned in their actions?
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@jon_charb
Jon Charbonneau
1 year
MEVconomics + @ETHGlobal 6 hours straight of all the smartest people in MEV/Ethereum this Friday!
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@jon_charb
Jon Charbonneau
2 years
@CelestiaOrg is building one of the most important projects in crypto which will be central in a modular world. I tried to capture that here in a comprehensive form for more people to learn about an incredible upcoming launch:
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@jon_charb
Jon Charbonneau
13 days
they have achieved the impossible
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@jon_charb
Jon Charbonneau
10 months
bad
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@jon_charb
Jon Charbonneau
7 months
4) Anthony Sassano = Rubeus Hagrid
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@jon_charb
Jon Charbonneau
9 months
Mass adoption to crypto via rollups with ETH being the defacto money for stuff like is the ultimate ETH bull case btw Not a DCF on Ethereum fees, how much is burned, etc.
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@jon_charb
Jon Charbonneau
7 months
Imo industry directionally places: -Too little emphasis on at-home verification -Too much emphasis on at-home staking
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@jon_charb
Jon Charbonneau
5 months
@KyleSamani >Using Celestia for DA siphons all value away from ETH >Problem with TIA is DA is not valuable So then they’re not siphoning any value away lol? Can’t have it both ways
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@jon_charb
Jon Charbonneau
1 month
The arguments for/against ETH issuance changes are good The personal attacks on people for/against ETH issuance changes are incredibly stupid Y’all really need to chill, the people driving both sides are well intentioned and well thought out
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@jon_charb
Jon Charbonneau
4 months
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@Justin_Bons
Justin Bons
4 months
7/23) Since if core devs did decide to increase gas limits overnight They could simply ship client software where the default max gas limit is increased, making it so Exposing the true power the core devs have over the ETH protocol, for better or worse We are at their mercy
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@jon_charb
Jon Charbonneau
3 months
Absolute must read! Most comprehensive breakdown of Solana vs. Ethereum fee markets & block production Including in- & out-of-protocol proposals for Solana like multidimensional per-account fees & scheduler improvements Was a ton of fun collaborating on this one!
@EclipseFND
Eclipse 🌑
3 months
Eclipse is Ethereum's first SVM L2. We’re dedicated to advancing the SVM and other aspects of Solana architecture, starting with the fee market. Our piece analyzes Solana & Ethereum's fee mechanisms, focusing on proposals to improve Solana's fee market.
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@jon_charb
Jon Charbonneau
2 years
I’m actually sorry but I have to do this
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@EdenNetwork
Eden Network
2 years
Eden Relay now owns the highest average block reward of all mev-boost relays, and likely the highest average of ALL relays on Ethereum 😎🍃
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@jon_charb
Jon Charbonneau
7 months
Maybe L2 is just a construct of human perception. An illusion created by …
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@elonmusk
Elon Musk
7 months
Maybe time’s just a construct of human perception. An illusion created by …
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@jon_charb
Jon Charbonneau
4 months
This dude gets a date with this lovely woman and proceeds to mansplain ROLLUPS to her in a printed 29 slide deck This guy is going to be single for a looooong time 😂 Here’s another approach: 1. Ask her what she thinks of restaking 2. When she gives you a perfunctory…
@smsunarto
Scott Sunarto ◢ ✦ ◣
4 months
A girl I was going out with asked me to make a powerpoint explaining "Rollups", I did. I've used it on 3 other dates since then whenever "Rollups" confusion comes up. They all now keeps talking about this fking guy named Jon Charbonneau. Tf?
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@jon_charb
Jon Charbonneau
3 months
BEST podcast I’ve ever done! So fun ty @MikeIppolito_ @aidan0x 2 hours of everything about LSTs: - LSTs & moneyness - Restaking - Two-tier staking & LSM - Market structure & demand drivers - How L2s change LST power balance - @stride_zone stTIA & @CelestiaOrg modular money
@MikeIppolito_
Mippo 🟪
3 months
New episode of Bell Curve with @aidan0x and @jon_charb is LIVE. This episode isn't part of the current season, it's a special based on Jon's phenomenal treatise modular money, Stride and LSTs. This is one of my favorite pods I've ever done, hope you all enjoy!
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@jon_charb
Jon Charbonneau
8 months
Rollups can be decentralized with 1 default sequencer/prover L1s like Solana can be decentralized with relatively beefy full nodes Stop blindly saying either is always centralized, thank you
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@jon_charb
Jon Charbonneau
9 months
for convo over what to use as chain's gas token, its often cited that users prefer USDC this misses that it makes no sense for chain to take platform risk of embedding centralized product alone use ETH under hood & abstract away for users ability to pay whatever (inc USDC)
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@jon_charb
Jon Charbonneau
1 year
OH: “Crypto has a lot of the smartest people I’ve ever met and all of the worst people I’ve ever met”
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@jon_charb
Jon Charbonneau
7 months
2) Sam Trabucco = Peter Pettigrew
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@jon_charb
Jon Charbonneau
9 months
Updated website! Aggregated all my posts across platforms from the past year, will use this going forward Improved UX readability to save ur eyes on the super long posts (scrollable table of contents, dark/light mode, etc)
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@jon_charb
Jon Charbonneau
8 months
Leaving SBC bullish Ethereum.
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@jon_charb
Jon Charbonneau
2 months
control is a liability
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@jon_charb
Jon Charbonneau
1 year
Decentralizing sequencers feelin like the next Merge innit “Oh yea we’re close, should be later this year” (Not a shot lol it ain’t easy)
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@jon_charb
Jon Charbonneau
7 months
13) Elizabeth Warren = Dolores Umbridge
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@jon_charb
Jon Charbonneau
2 years
@TusharJain_ Comes down to: Additional security, network effects, liquidity, etc received from Ethereum > fees paid to Ethereum Rollups pay relatively small amount as is, and after EIP-4844 in ~1yr that cost falls off a cliff Throwing away eth network for a few grand a day would be nuts
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@jon_charb
Jon Charbonneau
7 months
@dankrad @smsunarto @0x_cooki @zengjiajun_eth I don't think its fair to draw a black and white "profit maximizing" or "not profit maximizing" here, clearly these are systems to enforce social consensus, I think we'd all agree there. But its circumstantial depending on the specific mechanism, the social contract around it,…
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