Zak is a long time Ethereum developer and a member of the Ethereum Community Foundation (ECF). In this brief Yield Talks session, we discuss a clever new idea for tracking tokenized burned ETH called BETH, designed to make it easily visible and auditable for anyone who's voluntarily burns ETH to improve ETH's monetary value. Zak shares how it might be useful for Ethereum ecosystem players such as L2s, who could prove how much ETH they've burned from transaction fees with BETH. ------ 🔗 Essential Show Links 🔗 ► Newsletter: https://the-edge.xyz ► Youtube: https://youtube.com/@DeFiDad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://x.com/DeFi_Dad ► Follow Nomatic: https://x.com/Nomaticcap ► Learn DeFi: http://defidad.com/ ------ The Edge Podcast Sponsor Resources ♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE ♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS 🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET 🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE ⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR 🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE 🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR INSTITUTIONAL SCALE 📈 RUMPEL | TURN POINTS INTO PROFITS ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED ------ Timestamps 0:00 - Intro to Zak and the ECF 4:33 - What is Proof of Burn and BETH? 6:33 - Sponsor break 8:54 - Who is BETH designed for? 9:54 - Excitement over BETH but questions remain 13:45 - Will BETH ever trade above $0 or could it hold any value? 15:40 - Sponsor break 16:51 - Forcing better economic alignement between L2s and L1 18:26 - A better standard for easily tracking burned ETH 21:17 - BETH apps and tracker needs to be built 22:35 - Closing ------ 🔗 Guest Links 🔗 ► Ethereum Community Foundation website: https://ethcf.org/ ► Proof of Burn and BETH blog post: https://ethcf.org/introducing-beth-eths-proof-of-burn-token/ ► ECF on X: https://x.com/ethcforg ► Zak on X: https://x.com/0xzak ------ All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
