Another Day in Crypto #117 - MM Infura RPC & Alternatives, Uniswap Data Collection & DeFi News

Curating some crypto content from around the web.

Hello everyone,

How are you? Hope you’re doing well!

As always - this is most definitely Not Financial Advice.

Everything I express here is only my opinion and perception of the market, eco systems and communities.

Do not treat any of it as an absolute fact - please do your own due diligence.

Always.


Now, let’s look at some stuff I found for today.

First, let’s gp over some tweets about the Metamask Infura RPC story.

Crypto Snooper 🔎 @CryptoSnooper_

🚨 MetaMask Tracking IP Address 🚨 Consensys, the company that owns MetaMask, just updated its Privacy Policy to state that they are collecting your IP ADDRESS and your ETH ADDRESS when you send a transaction. Source: consensys.net/privacy-policy Your options 🧵 ↓ 1/4

Let’s look at some responses.

señor doggo 🏴🏴‍☠️ @fubuloubu

Seems like it's @infura_io, not @MetaMask, that's doing this, but still very much not with the community ethos If they want to collect metrics for their services, they should use anonymized data collection practices instead of storing IP addresses next to wallet addresses

Crypto Snooper 🔎 @CryptoSnooper_

🚨 MetaMask Tracking IP Address 🚨 Consensys, the company that owns MetaMask, just updated its Privacy Policy to state that they are collecting your IP ADDRESS and your ETH ADDRESS when you send a transaction. Source: https://t.co/yV4aQ6XZzD Your options 🧵 ↓ 1/4 https://t.co/smfF5VgGk3

I asked:

DeFi Advisoor @DAdvisoor

@fubuloubu @infura_io @MetaMask Can you recommend other RPC's available to use ser? Thanks!

señor doggo 🏴🏴‍☠️ @fubuloubu

@DAdvisoor @infura_io @MetaMask Literally any other, but running your own node is probably safest

Thanks ser!


Cobie also addressed this:

Cobie @cobie

what’s the best alternative rpc to avoid the ethereum surveillance machine?

Wu Blockchain @WuBlockchain

ConsenSys announced an update to its privacy policy on November 23 (including metamask infura and more): When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction. https://t.co/cBsqU2374o

Wu Blockchain @WuBlockchain

ConsenSys announced an update to its privacy policy on November 23 (including metamask infura and more): When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction.

Llamas replied:

LlamaNodes @LlamaNodes

@cobie The 🦙 doesn't collect

Aylo shared some info about waht can folks do.

Aylo @alpha_pls

Your personal information is valuable. You need to take your privacy seriously. You have many options to ensure no one is collecting your IP address along with your Ethereum wallet address when you send a transaction… Here are a few options 🧵

Next - let’s look at some of what Adam Cochran tweeted about this issue:

Adam Cochran (adamscochran.eth) @adamscochran

1/3 Alright this Metamask privacy lapse is yet another dumb move from Consensys. Shill me your best easy self-hosted nodes either hardware or SaaS service. Whichever I pick, I’ll give away a few freebies of, to at least 3 people who retweet this to promote privacy!

Adam Cochran (adamscochran.eth) @adamscochran

Wow the Metamask stuff is worse than it even looked at first. Not just collecting data when you send a tx - the moment you unlock the wallet it records ALL your addresses under the same IP. This database creates a MAJOR doxxing risk in the space. Time to ditch MM.

Micah Zoltu @MicahZoltu

@statelayer Their policy needs to be updated to say: As soon as you unlock your account, Infura will collect your IP address and *all* of your addresses. Also, when you connect a ledger it will send all of those addresses to Infura as well. https://t.co/1MnmhKWp9i

Erik Voorhees offered XDEFI wallet as an alternative.

Erik Voorhees @ErikVoorhees

Alternative to @MetaMask is @xdefi_wallet Compatible with all the same dapps.

Adam Cochran (adamscochran.eth) @adamscochran

Wow the Metamask stuff is worse than it even looked at first. Not just collecting data when you send a tx - the moment you unlock the wallet it records ALL your addresses under the same IP. This database creates a MAJOR doxxing risk in the space. Time to ditch MM. https://t.co/Mu9VYFc4Dn

Small Cap asked:

Small Cap Scientist 👨‍🔬🧪🥼 @SmallCapScience

Metamask is awful. I'm going to play with some new wallets this weekend. Recommendations?

Doola recommended Rabby wallet by DeBank:

Doola 🦇🔊 🫐 @0xdoola

@SmallCapScience @Rabby_io by far the best alternative i have found, clear readable signatures, in app revoke function, auto chain switch when interacting with Dapps, full portfolio overview in a glance, integrations with most HW and developed by the @DeBankDeFi team so can’t really go wrong.

Kharn:

Kharn 🇺🇦 @KharnHash

@SmallCapScience I loved @0xFrame but not working since I switched to MacOS. @Rabby_io is doing a great job for multichain, showing the balances and values of each transaction, clean UI and nice UX. Favorite wallet so far.

Haym also recommended Rabby.

Haym @SalomonCrypto

@SmallCapScience Rabby is good

Next - let’s talk about another story that got some attention, and as the previous - mainly revolves around centralization within the DeFi world itself.

Yoda Research @YodaResearch

STOP using @Uniswap $UNI They’ve expanded their collection of on/ off chain data connected to your wallets eg - mobile deviceID - cookies - localStorage - device/ browser language - screen wallets via 3rd party … 🚨even share social media activity with analytics provides. wtf

This next thread by Gabriel Shapiro got a lot of attention.

_gabrielShapir0 @lex_node

I've spoken to lawyers in this cabal. They say things like 'Uniswap is the only DEX that should exist' and that it was unfortunate new DEXs (not silicon valley VC-funded) appeared on the scene to fragment liquidity. They are pulling SBF maneuvers within DeFi to entrench.

Marvin Ammori:

Marvin Ammori 🇺🇸 @ammori

I lead legal at Uniswap Labs. The "cabal" of good lawyers doesn't say this. We have asked each other how a pathological liar like Gabe Shapiro still shows his face after losing all his money & credibility representing the Terra/Luna ponzi scheme as its Guernsey Trust "enforcer" https://t.co/Gj8tSXo5KR

Curve Finance decided to reply.

Curve Finance @CurveFinance

@ammori Ok, thanks for confirming Gabe's information. Appreciate it

And so did banteg.

banteg @bantg

@ammori gabe lost his own money, paradigm lost other people’s money. both are as irrelevant to the point he makes as your petty ad hominem.

Ameen tweeted:

ameen.eth @ameensol

I've been a fanatical advocate for @Uniswap since the 2nd day of its existence I also am both friends with Gabe (@lex_node) and gave him a bunch of shit about UST/Luna this shit from uniswap's "legal lead" @ammori attacking Gabe is weak and makes me not want to support uniswap

Marvin Ammori 🇺🇸 @ammori

I lead legal at Uniswap Labs. The "cabal" of good lawyers doesn't say this. We have asked each other how a pathological liar like Gabe Shapiro still shows his face after losing all his money & credibility representing the Terra/Luna ponzi scheme as its Guernsey Trust "enforcer" https://t.co/Gj8tSXo5KR

And banteg added:

banteg @bantg

uniswap is a part of a cabal that pushes for regulation behind closed doors

Ok - onto some DeFi stuff.

Condom addressed the GMX - Polygon proposal:

CryptoCondom @crypto_condom

I have written down my thoughts regarding the proposed @0xPolygonDeFi + @GMX_IO integration in the forum post below: gov.gmx.io/t/gmx-polygon/… TLDR: I strongly support MATIC + GMX integration but think we, as protocol, need to do a few things first. 🤝

Llanero:

Llanero @iamllanero

I'd be onboard with this proposal. Agreed on priorities and think Polygon would be a great chain after addressing.

CryptoCondom @crypto_condom

I have written down my thoughts regarding the proposed @0xPolygonDeFi + @GMX_IO integration in the forum post below: https://t.co/8qTrhQi6aV TLDR: I strongly support MATIC + GMX integration but think we, as protocol, need to do a few things first. 🤝 https://t.co/OIOhHpdyRp

Speaking of Llanero - he also tweeted this:

Llanero @iamllanero

I appreciate @TokenBrice 's thoughtful critiques on defi to help strengthen it. https://t.co/VhZpsXUBsc

tokenbrice.eth (🥚,🐔) 🦇🔊 @TokenBrice

gm Most of DeFi breaks stupidly easily You only need physical access to 9 people to IMMEDIATELY to be able to change @chainlink $ETH price feed => instant wipeout of most protocols, including Aave, on this first hit I've got dozens more in store: https://t.co/pkTkbKFwkx

tokenbrice.eth (🥚,🐔) 🦇🔊 @TokenBrice

gm Most of DeFi breaks stupidly easily You only need physical access to 9 people to IMMEDIATELY to be able to change @chainlink $ETH price feed => instant wipeout of most protocols, including Aave, on this first hit I've got dozens more in store:

tokenbrice.xyzBehind the scene of the decentralization theater: a study of the inalterability of DeFi protocolsFrom total centralization to unstoppable protocols: a definition and analysis of the spectrum of the different resilience levels of DeFi protocols.

Definitely enjoy some of the critiques tokenbrice is speaking out loud of. He also shared what I feel is well deserved criticism about other topics when we were on the Twitter Space as well, such as about how poor of a support our industry has demonstrated in regards for Alex Pertsev, the jailed Tornado Cash dev.

DeFi Advisoor @DAdvisoor

Hello everyone Will be up in a few min for Farmers Market #1 - hosted by @DaoChemist , @landxfinance and @Kmens5 Some interesting folks all around - @TokenBrice , @DeFi_Dad & @TheKidCG Gonna talk about transparency, markets, @landxfinance & stuff https://t.co/0DhVZwghLc

And still tokenbrice - he also tweeted this:

tokenbrice.eth (🥚,🐔) 🦇🔊 @TokenBrice

I am a liquidity-driver token addict, but so I've stayed out of the @Balancer + @AuraFinance races so far No longer! I researched it as I was preparing my entry into the BAL Wars. Sharing it with you so you can get a lay of the land too: $BAL $AURA

tokenbrice.xyzLiquity-driver token races beyond Curve: a look at the Balancer WarsCornering the lay of the land of the Balancer Wars: we look at the DEX specificities to anticipate what’s next for the BAL races.

Moving on.

Across Bridge:

Across @AcrossProtocol

1/ Across' ETH pool has grown from 8,925 to 12,589 in just 4 days--That's an increase of over 40%! We are honored that users and LPs see why they can trust Across--and, users are so hungry to use Across, added liquidity is snapped right up.

Across @AcrossProtocol

2/ A 6% APY in ETH + ~18% APY in ACX 👀 Maybe you just rescued your ETH from a CEX and are now only willing to stay non-custodial: Consider across.to/pool for some incredible yields. If you have questions or concerns about LPing on Across, drop them here 👇

across.toAcrossAcross is the fastest, cheapest and most secure cross-chain bridge for Ethereum, Arbitrum, Optimism, Polygon, Boba and other Layer 1 and Layer 2 networks. Transfer tokens with Across.

DCF GOD:

DCF GOD @dcfgod

@AcrossProtocol delet this

Next - let’s talk about some Arbitrum stuff for a bit.


Blocmates interviewed Andrew Saunders:

blocmates. Behind on DMs apologies @blocmatesdotcom

I sat down with @andrewsaunders this week to discuss all things @arbitrum Andrew IMO is one of the most inventive minds not just in crypto but in the world when it comes to marketing. Arbinauts are in good hands 💙🧡 This is not to be missed 👀 youtube.com/watch?v=9wfdeO…

The video:

Next - some extra tweets and threads:

Kharn:

Kharn 🇺🇦 @KharnHash

I always felt frustrated not being able to try innovative protocols on Ethereum mainnet because of the gas fees destroying the yield you could have made with a small bag. Finally found my home in Arbitrum. Why am I spending 90% of my research time there? A thread 🧵 👇

0xjager on Rage Trade:

0xjager (🕊🧙🏼‍♂️🦋💎🐂) 🦇🔊 @0xjager

Ever wondered where you can get the highest on @arbitrum? @rage_trade will shortly launch their flagship Delta Neutral (DN) vaults. This brings Rage Trade one step closer to building the largest stablecoin farm on Arbitrum. Let's take a deep dive! 🧵👇(1/33)

Next - Lyra coming to Arbitrum?

CryptoCondom @crypto_condom

🧐Question: What is the problem for most on chain options protocols? 🤑Answer: Lack of liquidity. TLDR: @lyrafinance chads are going to collateralize & hedge their AMM via @GMX_IO’s GLP for deep liquidity 🤌🏻

Lyra @lyrafinance

A proposal to deploy Lyra on @arbitrum, integrating with @GMX_IO as the source of liquidity to collateralize and delta hedge the AMM is now live. Read more below 👇 https://t.co/tDu7iytcZP

Lyra @lyrafinance

A proposal to deploy Lyra on @arbitrum, integrating with @GMX_IO as the source of liquidity to collateralize and delta hedge the AMM is now live. Read more below 👇 leaps.lyra.finance/leaps/leap-38

leaps.lyra.financeLEAP-38: GMX hedging and deploy on Arbitrum

And another project on Arbitrum is CamelotDEX -

CryptoDoctor🦇🔊 @0xCrypto_doctor

A thread 🧵 talked about @CamelotDEX, a ecosystem-focus DEX which is ready to launch on Arbitrum. @CamelotDEX just released Genesis Pool for Liquidity Providers to earn future rewards. If you have interest about the details. Don’t miss my content. 👇

Back to mainnet.


DeFi Cheetah on crvUSD’s upcoming affect on the ecosystem:

DeFi Cheetah 🫐🦇🔊🌿 @DeFi_Cheetah

🧵on $crvUSD @CurveFinance kickstart a new era of stablecoins with $crvUSD. What are the features? How does $crvUSD benefit $veCRV holders and affects $CVX holders on @ConvexFinance and users on @0xconcentrator and @0xC_Lever? Let's dive in and see how it affects Curve's business

Speaking of that - Curve Finance tweeted:

Curve Finance @CurveFinance

Looks like today we are third by trading volume after Binance and Coinbase

Next - 0xngmi on Frax:

0xngmi (aggregatoor arc) @0xngmi

Frax quietly expanding into all defi verticals: - lending - fraxlend - dex - fraxswap - bridges - fraxferry - liquid staking - frxETH - stablecoin - frax That covers all the top 5 defi categories by TVL

Ok. What about the sponsored segment by LandX?

LandX (🌽,🌾) @landxfinance

How do farmers get financing? Check this thread 👀 https://t.co/6ztlJ1ZIKc

Jon Cole @Joncole23

This is a 🧵 on @landxfinance & how it aims to bring sustainable yields, and increases financial inclusivity for farmers across the globe. (1/14)

Jon Cole @Joncole23

This is a 🧵 on @landxfinance & how it aims to bring sustainable yields, and increases financial inclusivity for farmers across the globe. (1/14)

Also - hop on to their Discord if you wanna know more about it!

LandX (🌽,🌾) @landxfinance

If you’ve missed any of our previous AMA’s be sure to join our discord and listen to them in the ‘’ama-recordings’’ channel! 👀👇 discord.com/invite/landx

Ok, moving on.



This by Chicken Bonds:

Chicken Bonds (🥚, 🐔) @ChickenBonds

Are you outperforming others in the game of Chicken? Keen to know what percentage of Chicken Bonds deposits that are in profit? Check out our new and updated @DuneAnalytics dashboard, which 'checks the chain' for you on ALL bonds 👀 dune.com/chickenbonds/l…

Next - Haym:

Haym @SalomonCrypto

If you want to understand the @ethereum endgame, you need to understand @eigenlayer.

Sreeram Kannan @sreeramkannan

EigenLayer - What is it good for? This is a thread that explains the underlying elements of trust in the @eigenlayer network and how they can be put together to create powerful services with customized decentralized trust models.

Sreeram about his project - Eigenlayer:

Sreeram Kannan @sreeramkannan

EigenLayer - What is it good for? This is a thread that explains the underlying elements of trust in the @eigenlayer network and how they can be put together to create powerful services with customized decentralized trust models.

I also liked this one by Degen Maker on NFTPERP:

Degen Maker @RealDegenGMX

1/ How many times have you think, god I swear to god If I would ve shorted/longed this fucking NFT , I'd be fucking rich ? Now, thanks to @nftperp you can get rich/hedged by taking a short/long position for the specific NFTs. Lets now deep dive into this gem anon $NFTP A 🧵

Next - Sweetcheeks asked:

Sweetcheeks @SweetcheeksReal

Is there any way to check the fees/losses a wallet has generated through LPing with their address? @0xngmi

Condom with the answer:

CryptoCondom @crypto_condom

@SweetcheeksReal @0xngmi Revert finance sir

And next - this is also nice for folks who don’t know about it:

cygaar @0xCygaar

Fun fact: WETH cannot ever go insolvent. Your WETH will always be swappable 1:1 with ETH. The code and logic is quite simple. In fact, it only takes 60 lines of code to implement. Here's a simple primer on how WETH works 🧵:

Ok, let’s start wrapping up. (get it?)

Here’s some other tweets I want to share with you:

Alexander Leishman 🇺🇸 @Leishman

.@brian_armstrong and @jespow say they don’t want politics at the office: NY Times writes articles calling them racist. SBF evaporates billions of client funds and tells a journo he just pretends to be woke. NY Times: “now hold on let’s hear what he has to say first.”

Haym @SalomonCrypto

One of the more frustrating parts of the FTX collapse is that all of the previous villains are coming out of woodwork pretending like they are victims. Reminder: we are in this mess because of @KyleLDavies, @zhusu, @stablekwon, @SBF_FTX (others too but remember these 4). https://t.co/ltAd3SeA4H

Kyle Davies 🔺 @KyleLDavies

.@SBF_FTX I know you've got a lot on your plate, but you've had the time to write multiple letters, and even sign up to a CNBC interview. At this point, the bias coming from MSM, in your support, is aptly recognized by most of crypto as staged.

ameen.eth @ameensol

Joe Rogan talking about Nikolai's death > the kids would call this "sus" open.spotify.com/episode/6l4Efn…

And let’s end with this one by Erik Voorhees:

Erik Voorhees @ErikVoorhees

A centrally-regulated financial system has led to the status quo. If you're happy with the status quo, stay there and enjoy. The rest of us are trying something else. We're not asking for your money or your permission. You're welcome any time to join us.

Thanks for reading everyone, have a great day!

Hello everyone!

Appreciate your attention! If you want, you can support my work like this:


1. By sending moneys to - :)

defiadvisoor.eth

2. By using my GMX referral link - get 10% off trading on GMX.

Trade responsibly.

3. By purchasing a Ledger hardware wallet using my affiliate link - you pay the same price.
Thanks!
I personally use the Nano S.

I will always let you know when I use affiliate links.

Also, I currently feature a sponsored segment, currently sponsored by LandX.


Full transparency - I’m on both of AladdinDAO’s Community Booster programs for Concentrator and 0xCLever.


I Will only support projects I believe in.

Always.

Thanks everyone!

Appreciate every subscription, like, share, RT, comment, reply and above all - your attention!

Be smart investors and educate yourselves as much as you can!