OrangeWallet on Nostr: Fun fact: The planned Ethereum Shanghai release will create -exactly- the same ...
Fun fact:
The planned Ethereum Shanghai release will create -exactly- the same duration risk that is causing contagion bank crisis in banks today.
Why?
The "queueing / throttling" mechanism that is built into the un-staking of Eth will make it such that people can't get to their Eth when they need it most.
Defi contracts that are exited in times of crisis will be forced to watch the value of their Eth melt in front of their eyes as they won't be able to unlock their Eth until it's their turn to do so.
This is why we bitcoin.
The planned Ethereum Shanghai release will create -exactly- the same duration risk that is causing contagion bank crisis in banks today.
Why?
The "queueing / throttling" mechanism that is built into the un-staking of Eth will make it such that people can't get to their Eth when they need it most.
Defi contracts that are exited in times of crisis will be forced to watch the value of their Eth melt in front of their eyes as they won't be able to unlock their Eth until it's their turn to do so.
This is why we bitcoin.