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Brew Money with Self-Custody
@brew_defi
Brew Money with Self-Custody’s Tweets
The adoption of account abstraction is growing and it has the potential to become the standard for managing crypto assets.
This could lead to wider adoption of decentralized finance and a more secure and user-friendly experience for all.
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Can I easily create new wallets like in Metamask's "Add Account" feature with only one seed phrase?
Yes, it is possible to easily create new wallets with only a single seed phrase, similar to the "Add Account" feature in Metamask.
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Can I have a keyless wallet?
If you can find a way to authenticate the user safely without using a key, you can implement it in your smart contract.
Communal wallets, where anyone can perform any action, are also possible with this paradigm.
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Can I recover my key if I lose it?
A properly generated key cannot be recovered if it is lost.
However, your smart contract can implement specific logic in case you lose it.
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How do abstract account wallets interact with private keys?
Any type of account contract can be coded, and the number of implementations of account contracts means that there may be as many solutions to your question. 👇
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Account abstraction lets users interact with the #Ethereum network and execute transactions via smart contracts without a private key.
The smart contract manages the user's private key, making #blockchain transactions more secure and convenient.
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Account Abstraction unifies Contract Accounts & EOAs. It makes user accounts more ‘programmable’.
Abstracting transaction signing logic from the account improves the process.💻
This allows you to program multi-sig, 2-factor authentication, withdrawal limits, & key expiration.
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4. Multi-factor authentication and enhanced security
Two-factor authentication (2FA) is becoming the norm in modern banking for large transfers to new addresses
What if you wanted something similar, or even smarter, protection in crypto?
Now you can!
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A signature that verifies account ownership on the blockchain is produced using the private key. ✅
On the other hand, if the private key is misplaced, the entire account and its money will also be lost. To get your keys back, you can't make a call to Vitalik.
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On Ethereum, there are currently two different types of accounts: Contract Accounts and Externally Owned Accounts (EOA). 📄
Any transaction on the blockchain must be started and completed by an EOA, which is managed by its private key, in order for it to take place.
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Account abstraction is the proposal to allow users to use smart contract wallets instead of EOAs. 💻⚙️
This completely removes any need for users to use EOAs in order to perform transactions.💳
But why? What do contract accounts do that EOAs can't?🤔
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DeFi TVL went from ~$39b in in the start of January to ~$47b today.
It ain't much but...
Wait that's a ~20% PAMP⬆️
What are the deities of macroeconomics doing to cause this this pamp?
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Want to stay ahead of the game in the world of #DeFi? 💰🏆
Check out a must-read article on the FEX Model by 📚
Dive into the details of the innovative new framework for decentralized exchanges 🔍🤔
Don't miss out! 📣
sekniqi.com/fex-model/
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🚀🔥 Fractal is now live on Polygon! 🔥🚀
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fractal is now on @0xpolygon
everything you love:
- tournaments
- launchpad / marketplace
- fractal wallet, SDK, and game launcher
are now available on polygon! read more
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🚀🎉 Aave V3 goes live! 🎉🚀
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Aave Protocol V3 is now live on the Ethereum market
”The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency & decentralized liquidity – all while reducing gas costs.” @StaniKulechov
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Curious about the revolutionary new stablecoin?🤔
Our latest newsletter discusses , the first protocol to create a stablecoin pegged to the Consumer Price Index.📨
Discover how they're combining collateral and algorithms for a trustless, stable and scalable coin. 🚀
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The 44th edition of the #DeFiFridays newsletter is out!📰
This week's edition explores the world of , keeps you informed about current crypto trends, and provide some stimulating reading on the #DeFi market.
Unlock an exclusive preview with just a scroll:👀👇
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Liquid Staking Narrative is brewing hot on Ethereum and now expanding to polygon.
While you’ve missed this on Ethereum, don’t sleep on polygon
Here’s how is building an over-collateralized stable asset protocol which leverages on Liquid Staking:
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(15) DeFi Fridays by
Period: Weekly
Every Friday, learn about DeFi protocols, news and best tweets on DeFi.
Their product Brew Money, a self-custody wallet recently launched on and on where 600+ people upvoted for them.
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Uncovering the technicalities of v3 - a must-read for developers, analysts, and researchers alike.
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1/ We get a lot of questions about Uniswap v3 from:
Devs building on Uniswap v3
Analysts drawing insights
Researchers studying market activity
Today, we’re outlining some of the most common technical questions we see, digging into the math, & running example code 
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Unlock the power of Ethereum with Validity Rollups aka ZK Rollups.
Scale transactions & computational power for DeFi, gaming, art, and more. The possibilities are endless! 🚀🌕
Check it out! 🤓
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It's L2 season, and is Mooning 🚀
Ben Giove has the analysis of Arbitrum's market dominance, and some alfa, in our latest newsletter 🗞️
Full read 👇👇
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In EIP-1559, a base fee was implemented. It is a standard fee that users must pay in order to have their transactions carried out at that time. 💳
What is the aim?🎯
Get rid of the big bidding wars.
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Changes were made to the structure of gas fees and the compensation of miners in EIP-1559. It first became effective in August 2021. ⚒️
Ethereum users would bid against each other in order to get miners to complete their transactions. The highest bidder would be chosen first. 💸
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EIPs contain technical specifications for the proposed changes and act as the “source of truth” for the community. 🔄
Network upgrades and application standards for Ethereum are discussed and developed through the EIP process.
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What is EIP?
In the Blockchain context, It stands for Ethereum Improvement proposal.
A thread ↓
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Billions have been burned all thanks to EIP-1559.🔥
But What is EIP ? 🤔👇
EIP stands for Ethereum Improvement Proposal.
It is a formal document that describes a new feature or improvement for the Ethereum platform. 📄
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Over the previous 18 months, there have been 2,846,703 ETH burnt. 🔥
That means that the supply of $ETH was reduced by about $4.6B. 💰📉
Read this thread to find out more about EIP 1559. 🧵
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i think EIP1559 was literally the best network upgrade ever in crypto
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The potential of Real-World Assets in #DeFi is huge, and this tweet is a great starting point to catch up on the current state #crypto #blockchain 🚀📈
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1/ The Real-World Asset revolution in #DeFi is already here — but many aren't paying enough attention yet.
Here's the current state of RWAs to help you catch the wave 
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Sign up now:
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All of the important DeFi metrics saw significant improvements over DeFi Summer.👇
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Following Yam and Sushi, there was a bunch of other projects named after different kinds of foods being launched. 🍱
We had Pasta, Spaghetti, Kimchi, HotDog & others named as food defi or food finance. 🍝🌭
Pretty much all of them failed after a day or two of interest.❌
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DeFi is likely the future of finance.
It is here to stay.
Food coins and memes probably are not.
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After some drama with the main developer selling his entire stake of SUSHI tokens, the protocol was eventually able to migrate a lot of ’s liquidity onto their new platform.
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To everyone. I fucked up. And I am sorry.
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