슬기로운 HODL생활

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슬기로운 HODL생활

: : Monthly EIP Series Released The January 2026 Monthly EIP Series has been published in Korean and English. This series of articles is a regular monthly overview of key standards discussed in Ethereum. It aims to provide industry professionals with a more comprehensive understanding of the Ethereum network's trends and context, and to serve as a reference for proposing new value in their respective fields. This article includes key proposals worth exploring in January, along with my comments on "A Look at the Institutional ETH Revenue Pipeline." [Major New EIPs Reviewed] 1. Network Layer • EIP-8141: Frame Transaction • EIP-8125: Temporary Contract Storage • EIP-8115: Batch Priority Fees at End of Block (See article for details) 2. Data / Messaging / Transaction • EIP-8123: RPC Method for Transaction Gas Limit Cap (See article for details) 3. Account / Contract / Token Standards / Wallet • ERC-8092: Associated Accounts (See article for details) 4. Application • ERC-8034: Referable NFT Royalties (See article for details) [Progress of Existing EIPs] • 27 EIPs have changed status • 19 of these EIPs are in the next stage (i.e., Final, Last) toward final adoption. Elevated to the following stages: Call, Review, Draft - Primarily EIPs related to the Fusakai upgrade* and ERCs implemented in application standards. • Of the remaining seven EIPs, five were moved to the Stagnant stage (i.e., EIP-5920, EIP-7612, EIP-7793, EIP-7886, EIP-7958) without advancing to the next stage. • Two EIPs were moved from the Review stage to the Draft stage (i.e., ERC-7828, ERC-8004). • One EIP was removed (i.e., RIP-0). [A Look at the Institutional ETH Revenue Pipeline] • Starting in 2025, Ethereum will be re-evaluated as a trusted infrastructure for institutions, moving beyond an experimental platform, based on high reliability and decentralization. • Progress in the RWA standard and staking. Advancements in infrastructure (EIP-7251, EIP-7002, DVT) are creating the prerequisites for ETH to be recognized as a settlement, collateral, and operational layer for on-chain capital markets. • Consequently, an institutional on-chain revenue pipeline from ETH staking → LST → DeFi/Vault is rapidly taking hold, and the core of competition is shifting from yield to structuring and managing risk. For more details, please refer to this article! 4pillars.io/ko/articles/monthl...

슬기로운 HODL생활

: : Monthly EIP - January 2026 (ft. A Look at the Institutional ETH Revenue Pipeline) Author: Jay - The overall EIP flow in January was characterized by a balanced mix of new proposals and status upgrades, centered around ERCs such as token expansion, contract structure improvements, and messaging. This reflects institutional interest, capital inflow, and the recovered development momentum following the December Fusakai upgrade. - At the network level, progress on EIPs directly related to the Fusakai update was notable, while the Rollup Improvement Standard (RIP) remained relatively stagnant. - Meanwhile, amidst significant market interest in Ethereum as an institutional-friendly infrastructure, a particularly noteworthy trend is the attempt by several ecosystem players to build an institutional on-chain revenue pipeline, starting with staking. ▫️ Author's Comments ▫️ Newly Proposed EIPs ▫️ Progress on Existing EIPs ▫️ "Thoughts" - A Look at the Institutional ETH Revenue Pipeline 📱 Full Article (Post) 🌎 Full Article (Website) FP Website | Telegram (EN / KR) | X (EN / KR)

슬기로운 HODL생활

In fact, Solana initially launched with an 8% inflation rate, but with a 15% annual decline, it is currently at 4%. It will take approximately 5-6 years to reach the target 1.5% inflation rate. SIMD-0411 was proposed to halve this period, but with stakeholders, including major VCs, and internal staff currently focused on infrastructure improvements rather than adjusting tokenomics, there are no clear signs of its passage in the near future. There is no doubt that Solana is a sufficiently large asset. There is also a clear move to position Solana as a strategic asset similar to Ethereum, actively promoting ETFs and the ETF+DeFi pipeline, and to persuade institutional investors by promoting the narrative of an "internet capital market." However, from an institutional perspective, a significant amount of tokens are still concentrated in VCs (and early validators), and inflation remains high, raising some skepticism about whether they can be considered an attractive investment asset at this point. Perhaps this is the ultimate dilemma for PoS networks, which diluted too much tokens early on.

슬기로운 HODL생활

: : [Issue] Lido V3: Strategy to Recapture 2.7 Million ETH Author: Ponyo - Lido V2's uniform design failed to meet the diverse needs of stakers. While the staking market grew 73% since mid-2023, Lido's growth was only 34%. The 2.7 million ETH uncaptured represents an annual opportunity cost of approximately $20 million. The outflow was divided between native staking (8.5 million ETH) and competing LST (4.5 million ETH). The yield-seeking (APR Maxi) segment, however, used Lido solely as an inflow channel for EigenLayer and LRT, losing its value-added layer. V3 is designed to address all three of these segments. - V3 structurally resolves the core tradeoff of Liquid Staking. Previous Liquid Staking systems were forced to accommodate a uniform risk pool. Introduced in V3, stVault is a customized staking service where users can choose their own operator, fee structure, and risk profile. Users can secure liquidity by issuing stETH for their Vault positions, or operate like native staking without issuing. However, risk isolation has structural limitations. While Vault risk remains isolated under normal operating conditions, losses are transferred to the Core Pool through a forced rebalancing mechanism in extreme market conditions. In this regard, V3 is rated as achieving 95% risk isolation. V3 provides the foundation for Lido to recapture three segments it has previously overlooked. Native stakers can secure control without sacrificing liquidity, institutions can establish asset segregation and compliance systems, and yield-seeking users can gain composability by leveraging Lido as a foundational layer. With 70% of Ethereum still unstaken, V3 serves as a strategic foundation for Lido to recover and expand its lost market share. 📱 Full Issue Article (Post) 🌎 Full Issue Article (Website) FP Website | Telegram (EN / KR) | X (EN / KR)

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: : [Comment] Crypto, Where on Earth is it Going? Bitcoin has fallen 15% over the past year, while the S&P has risen 16% and the Nasdaq has risen 22%. Gold has hit a record high, surpassing $5,200, and silver has nearly tripled since October. M2 money supply has also entered expansion mode again. Yet, crypto remains stagnant. At this point, we cannot help but ask fundamental questions about the identity of this asset class. 🌎 Full Comment (X / Website) FP Website | Telegram (EN / KR) | X (EN / KR)

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ERC-8004 Mainnet Launch 1. Key Background and Current Status • Trustless Agent Standard: Since the development of the "Trustless Agents" standard five months ago, the testnet has already seen significant interest, with over 10,000 agents registered. • Mainnet Live: Officially launched on the Ethereum Mainnet. • Planned L2 Expansion: Currently only available on the Ethereum Mainnet, it will be deployed to major Layer 2 (L2) networks in the coming weeks. 2. February is "Genesis Month" This February is designated as Genesis Month, focusing on and showcasing the teams building tomorrow's "Agent Economy." 3. Developer and Community Resources • Contract Code: github.com/erc-8004/erc-8004-c... • Official Website: www.8004.org • 8004 scan : www.8004scan.io x.com/DavideCrapis/status/2016...

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: : [Comment] SSV Staking - A Step Further as Ethereum's Scaling Infrastructure Author: Jay The essence of tokens in decentralized networks lies in their role as design tools that align participant incentives and realize a shared vision in the process of creating actual usage flows. From this perspective, the recently discussed introduction of a staking mechanism for the SSV Network appears to be an attempt to redefine the economic role of the $SSV token utilized on the SSV Network within the Ethereum ecosystem. With the introduction of this staking feature ahead of the March mainnet integration, SSV token governance, which adjusts key parameters such as network fees, is expected to become crucial in aligning stakeholders. SSV is expected to evolve beyond mere external security middleware into Ethereum's scaling infrastructure with a sustainable revenue and cost structure. 🌎 Full Comment (X / Website) FP Website | Telegram (EN / KR) | X (EN / KR)

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The Wharton School of the University of Pennsylvania has published the Stablecoin Toolkit, which provides an overview of the stablecoin ecosystem. The table of contents is as follows: 1) Stablecoin Landscape 2) Stablecoin Classification 3) Applications 4) Conclusion bdap.wharton.upenn.edu/wp-cont...

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This week has been quite a buzzy one for the Web3 social scene, with Vitalik's comments, Lens's transition to stewardship of Mask Network, and the recent buzz surrounding Nainar's acquisition of Parcaster. In particular, as we enter 2025, the strategic vertical expansion of Web2 and Web2.5 companies has become even more prominent. This week, I've been struck by the possibility that even Web3-native protocols will see more aggressive and strategic M&A activity. So, I'll leave a brief comment on this. While Web3 protocols have often touted their "openness," in practice, they've often relied on token sales, relying on the founding team to handle everything internally. In this regard, the recent acquisition of Parcaster, which launched without a token, offers some interesting insights. If consumer-oriented Web3 protocols evolve in this way, becoming more refined and structured, I believe they could potentially capture significant market opportunities even without a token.

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: : [Comment] From Unstructured Product to Super Layer Author: Jay The conditions necessary for a protocol to evolve into a platform are becoming increasingly clear. It's not simply a matter of adding new features, but rather a clear separation of R&R—that is, how to efficiently optimize the capabilities required for a platform, the tooling for developer onboarding, and the overall operation, including deployment. The Neynar–Farcaster and Mask–Lens cases demonstrate that the Web3 scene is also moving beyond the "loose experiment" phase of individual protocols to a large-scale network ecosystem where organization, operations, and technology are organically integrated. Web3 product teams, which have strived for an open Internet but ironically remained closed and centered around founding teams, are now finding themselves in a competitive environment where independent team structures, a clear separation of responsibilities, and the ability to sustain product operation over the long term are essential. The market dynamics among various protocols striving to create a super layer encompassing both Web2 and Web3 are expected to become more strategic and intensified in the future. 🌎 Full Comment (X / Website) FP Website | Telegram (EN / KR) | X (EN / KR)

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