ethereum-burn-stats VS synthetix

EIP-1559 was a surprise to me in a good way. We had spent so much time imagining what it would look like, probably expecting it to be a bit rough around the edges at first. The adoption numbers at the beginning were not high (still lots of type 0/1 transactions) but the basefee was working like a charm. Props to watchtheburn.com and perema's fee feed, which I used to track the early deployment!

Transaction fees are burned, but the transactions fees are so low that the burnt amount is unnoticeable. Burns are in the tens of millions of dollars while issuance is 100x greater in the billions of dollars. Compare this to Ethereum's burn, which currently reduces issuance by nearly 60%.

Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is now offset 35% in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have supply deflation and become a positive-sum investment.

Much love and respect to the individuals/teams that coded and hosted watchtheburn.com 🔥 for the last year. They kept the site up a few days longer than they initially planned for, but have now officially shut down.

WatchTheBurn shows a total of 3,099,476 ETH since eip1559

https://watchtheburn.com/ is closing down?

look at the tips column of this website https://watchtheburn.com/ to see what miners are earning now.

For this new contract I've chosen to use the logic of Synthetix's StakingRewards for ERC20 staking which allows the distribution of a fixed amount of ERC20 tokens in a fixed period, with dynamic APRs that depend on how many ERC721 tokens are staked in the contract at each given point in time.

Yea. I wonder if buying a tokenised synthetic stock then would be the same eg: https://synthetix.io/

Visit https://synthetix.io then click on Staking takes you to

Synthetix has been running a bucket shop for a long time. They added stocks through Kwenta but got spooked and removed them.

https://synthetix.io/

Docs for Synthetix is unfortunately the code repo itself, starting with interface here

Looking through the Etherscan transactions for Serum and Jump Trading, I came across a new name - Synthetix.

I came across a new name from this list- Synthetix (website link)

Derivatives Marketplace - it could be something like what https://aperture.finance/ and https://www.mirror.finance/ had built before on the TERRA chain (currently on AVAX and coming soon to SOL) where you can buy STOCK DERIVATIVES or something like what https://synthetix.io/ does.

you guys are not up to date, check out synthetix.io, a lot of synthetics exist on the blockchain with pegged tokens. Obviously a true GME token backed by GME can exist and will be your tokens but it won't stop people from trading GME pegged tokens in a synthetic manner preventing price discovery

SNX, the token staked in the Synthetix system to produce synthetic assets;