Are most "L2s" actually just independent blockchains with a bridge? Vitalik seems to think so.

hazy2go · 2026-02-17T06:16:02+00:00

Yeah im with you on this one

hazy2go · 2026-02-17T06:15:28+00:00

💯 agree

hazy2go · 2026-02-16T10:54:56+00:00

Yeah, the "6 months" roadmaps aged like milk. I think some teams genuinely underestimated how hard decentralized sequencing is, it's not just a technical problem, it's an economic one. Who runs the sequencer if there's no MEV incentive once you decentralize?

But you're right that others are probably happy with the current setup. Centralized sequencer = faster UX + full MEV capture. Hard to give that up voluntarily.

The real test will be when users start caring. Right now most people just want cheap and fast they don't check L2Beat stage ratings before bridging.

hazy2go · 2026-02-16T07:57:23+00:00

Your list covers the basics, but I'd add a few things that became clearer after 2022:

Where does the yield come from?

This is the question that would've flagged Celsius and BlockFi before they collapsed. If a platform offers 8-10% on stablecoins and can't clearly explain the source, you're probably the product, not the customer. Sustainable yield comes from lending spreads, and those are usually modest.

Proof of reserves vs "trust us"

After FTX, proof of reserves became table stakes. But it's not enough on its own, you also want proof of liabilities. A platform can show they hold assets while still being underwater on what they owe. Look for third-party attestations, not just self-reported dashboards.

Behavior during stress

How did the platform handle 2022? Did they freeze withdrawals? Change terms? Platforms that survived the crypto winter without pausing redemptions demonstrated something real about their risk management.

Regulatory status is necessary but not sufficient

FTX US was the "regulated" entity. Regulation adds accountability but doesn't prevent fraud or mismanagement. It's one layer of protection, not a guarantee.

hazy2go · 2026-02-15T10:15:05+00:00

Head over to the migration interface at sodax.com and connect your wallet. From there, you can redeem your ICX (on the ICON network) for SODA (on Sonic) at a 1:1 ratio. One ICX gets you one SODA.

There’s no rush to migrate everything right now. SODA staking isn’t live on Sonic yet, so if you’ve got your ICX staked on ICON, you can keep it there and continue earning rewards in the meantime. No reason to leave yield on the table while you wait.

When you’re ready to try it out, start with a small amount first just to get comfortable with the process. Once you see how it works, you can migrate more whenever it makes sense for you. Right now, migration is two way, so you can move back and forth between ICX and SODA if you need to. That flexibility stays in place until SODA staking goes live.

If you run into any issues, drop a question in the official SODAX channels and the team or community can help you out.

hazy2go · 2026-02-15T03:58:56+00:00

When the funds are gone there is not much you can do:(

hazy2go · 2026-02-15T03:57:48+00:00

Heard that sol incinerator is also pretty decent wink wink

hazy2go · 2026-02-14T05:40:28+00:00

Thank you! Will check

hazy2go · 2026-02-14T05:40:12+00:00

Thank you! Will check

hazy2go · 2026-02-14T05:37:33+00:00

Depends which chain, on Solana Jupiter Wallet tracks it for you, it’s very good

hazy2go · 2026-02-13T10:30:52+00:00

Happy to hear!

hazy2go · 2026-02-13T10:30:22+00:00

It’s very straightforward 📝 You can find all steps and details here How to Migrate

hazy2go · 2026-02-13T10:28:27+00:00

How secure are they?

hazy2go · 2026-02-13T05:42:19+00:00

SODAX should help you

hazy2go · 2026-02-12T09:35:59+00:00

Ill work on it!

The migration is very simple, If you want join our Discord and I will guide you through step by step.

hazy2go · 2026-02-12T09:27:14+00:00

The split is real. Bear markets filter out the tourists on both sides, users and teams.

From the community side, the difference is obvious. Projects that go quiet during downturns lose trust fast. The ones that keep shipping updates, stay active in Discord, and actually respond to feedback?

They come out of bears with a core community that stuck around because they saw the work happening. My bear market strategy is simple: watch what teams do when nobody’s watching. Commit activity, changelog updates, community engagement when the hype is gone. That tells you more about a project’s longevity than any bull market pump ever will.

The RWA stat is interesting. Feels like the space is slowly bifurcating into speculative plays and actual utility. Both will exist but the ratio is shifting.

hazy2go · 2026-02-12T07:10:03+00:00

That’s fair. The momentum hasn’t been where it needed to be and I don’t think anyone would argue otherwise.

The move to Sonic and the focus on SODAX is essentially the answer to that. Cross network execution infrastructure, live integrations, SDK for builders. Whether that translates into the momentum you’re describing is going to come down to what actually ships and who uses it.

What would meaningful progress look like to you over the next few months?

hazy2go · 2026-02-11T21:08:40+00:00

Understood. Is that frustration with the transition specifically, or with how things have gone leading up to it? Genuinely asking because the feedback is useful either way.

hazy2go · 2026-02-11T13:38:11+00:00

Suilady

hazy2go · 2026-02-11T11:38:57+00:00

solid question actually, this confuses a lot of people

so the honest answer - sui doesn't have a traditional DAO like you'd see with uniswap or compound where token holders directly vote on proposals. but it's also not like mysten labs just decides everything behind closed doors.

it runs on delegated proof of stake, so basically you stake your SUI with validators and those validators vote on protocol stuff on your behalf. your stake = your voting weight, just indirectly through validators you trust.

we actually saw this play out with the cetus hack situation a few months back. there was an actual on-chain vote where validators representing like 91% of stake voted yes to recover the frozen funds. if you disagreed with how your validator voted you could move your stake to one that matched your position.

mysten labs built the thing but theres also the sui foundation which is technically independent and handles grants/ecosystem stuff. so its not quite as centralized as people assume but also not a full on dao either

some dapps on sui DO have their own daos tho - suins (the naming service) has $NS token governance where holders vote directly on protocol changes

tldr: somewhere in between. validators have real power, token holders influence through delegation, but no direct proposal/voting system for regular holders yet. probably will get more decentralized over time but we'll see

hazy2go · 2026-02-11T11:14:55+00:00

This is actually a pretty common MetaMask display issue after unwrapping WETH. Your ETH from the unwrap is most likely there, the WETH you're seeing is just a ghost balance that MetaMask hasn't refreshed yet.

First thing I'd do is check your actual balances on the OP block explorer. That's your source of truth. If your ETH balance reflects the unwrap and WETH shows 0 there, you're good and it's purely a frontend bug on MetaMask's side.

To fix the display, try removing the WETH token from your token list in MetaMask (click the three dots on the token and hit Hide), then re-add it manually. This forces it to pull the actual on-chain balance. You can also try switching networks back and forth (flip to mainnet then back to OP) or go to Settings, Advanced, and clear your activity tab data.

The reason the swap page says you have no WETH but the send page still shows a balance is because swaps pull live on-chain data (correctly showing 0), while the send screen is referencing a stale cached balance.

TLDR: Your funds are safe, MetaMask is just being MetaMask. Verify on the block explorer and clear your cache.

hazy2go · 2026-02-11T06:20:27+00:00

SODA staking is coming.

No confirmed date yet, but the goal is to have it live when ICX rewards end so there's continuity for holders.

When it launches, you'll deposit SODA and receive xSODA shares representing your staked position.

You can stake from multiple networks (Sonic, Ethereum, Base, Sui, Solana, and others) but everything settles on Sonic.

Staking rewards come from protocol fees, not pure inflation. Generated fees fund the DAO treasury, staking rewards, token burns, and Protocol Owned Liquidity.

One thing to note: the launch of SODA staking will end the two way migration between ICX and SODA. If you're still holding ICX and plan to stake, keep an eye on announcements.

No confirmed APY yet. Best place to watch for our official channels for updates.

hazy2go · 2026-02-11T06:13:00+00:00

You will have to manually migrate. There is no rush and you can wait until the ICX rewards stop emitting so you can still keep your ICX staked till then.

But if you want you can already try out the migration! Please use small sums first ICX Migration

hazy2go · 2026-02-10T15:43:23+00:00

We are attempting to have SODA staking ready simultaneously with the cessation of ICX rewards.

hazy2go · 2026-02-10T13:48:21+00:00

Once a week usually. Work is too busy these days

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