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Last Network Introduction

The Last L2 Blockchain Network: Rise of the Twin Chain (a new screenplay based on Avengers Infinity War Scene 3: The Guardians of the Galaxy Meet A Strange Cube)

Last is a cashflow-generating network that reinvests back into the community.

Scene 3


(The Guardians of the Galaxy are traveling to investigate a distress call to the tune of ‘Rubberband Man’.)

Peter Quill: (While dancing to the song) Sing it, Drax!

(Drax is snoring with his mouth open from his seat in front of Quill.)

Rocket: (After yawning briefly) Why are we doing this again?

Gamora: (In annoyance) It’s a distress signal, Rocket. A protocol could be dying.

Rocket: I get that, but why are we doing it?

Peter Quill: ‘Cause we’re nice. And maybe whoever it is will give us a little cheddar cheese for our help.

Gamora: Which isn’t the point.

Peter Quill: (Points at Gamora) Which isn’t the point… I mean… If he doesn’t pony up…

Drax: We’ll take his devs.

Peter Quill: B-b-b-bingo!

Mantis: (Adjusting a few things on the ship) We are arriving.

Peter Quill: All right, Guardians. Don’t forget, this might be dangerous, so let’s put on our mean faces. (Looks back at Groot who's playing a video game) Groot, put that thing away. Now. I don’t wanna tell you again. Groot.

Groot: (Now a teenager and playing a handheld gaming device) [in a mocking tone] I am Groot!

Peter Quill: Whoa!

Rocket: Language!

Gamora: Hey!

Drax: Wow.

Peter Quill: You got some acorns on you, kid.

Rocket: Ever since you got your little sap, you’re a total KOL. Keep it up, and I’m gonna smash that thing to pieces!

(Groot rolls his eyes. As Rocket finishes what he is saying crypto's carnage is revealed, revealing the distress signal to be the one from the blockchain at the beginning of the movie. The Guardians find unsustainable protocols floating dead in space from the destruction of unsustainable crypto incentives.)

Mantis: What happened?

Rocket: Unsustainable protocols. Looks like We're not gettin' paid...

(With a thump, CubeThor’s body featuring a large black smooth cube where his head should be is plastered to the hull of the ship.)

Rocket: (Waving his hands) Wipers! Wipers! Get it off.

(Camera zooms quickly to CubeThor's eye opening signaling that he’s very much alive - cut to the GUARDIANS tending to the still unconscious CubeThor inside the ship)

Peter Quill: How the hell is this dude still alive?

Drax: He is not a dude. You’re a dude. This… This is an L2 Network. A handsome, muscular L2 Network.

Peter Quill: I’m muscular.

Rocket: Who are you kidding, Quill? You’re one sandwich away from fat.

Peter Quill: Yeah, right.

Drax: It’s true. You have gained a little weight… (Drax motions to his chin and belly)

Peter Quill: What? Gamora, do you think I’m…

Mantis: He is Last Network. Focused on cashflow.

He feels that web3 and crypto systems have used a broken model for far too long—prioritizing printing magic internet money for user incentives over generating real cashflow.

He's seen years of the crypto and web3 industry trying different versions of this model, and yet he can see it has flaws.

It lacks long-term sustainability and perpetuates an endless stream of ponzis and cash grabs that ultimately burnout and devalue genuine builders in the industry.

Drax: It’s like a pirate had a baby with an angel and also it has a big black cube for a head.

Peter Quill: Wow. This is a real wake-up call for me. Okay. I’m gonna get a Bowflex. I’m gonna commit. I’m gonna get some STEPN NFTs.

Rocket: You know you can’t eat tokens, right?

Gamora: It’s like his muscles are made of a sustainable system that generates cashflow and revenue in order to direct profits to users and builders...

Peter Quill: Stop massaging his cashflow.

Wake him up.

Mantis: gm!

(CubeThor awakens, frightening Mantis. He does not recognize them.)

CubeThor: Who the hell are you guys?

[Cut to later as the Guardians stand around CubeThor eating soup, the spoon just clatters against the cube and soup spills on the floor.]

Gamora: The entire time I've been building in Crypto, it only ever had one goal: To bring balance to the Universe by creating a permissionless financial system based on a transparent immutable record of transactions.

But grifters and opportunists, and even genuine experimenters printed token incentives with no regard for native sources of revenue and long-term sustainability.

Users got rekt.

Drax: Users like mine.

Gamora: Unsustainable protocols don’t care about generating revenue from multiple sustainable sources. But if someone did, it could redirect profits back to user and builder incentives for years with the snap of the fingers, like this. (she snaps her fingers)

CubeThor: You seem to know a great deal about token incentives.

Drax: Gamora… farmed Basis clones in 2021...

CubeThor: Basis clones in 2021 rekt my brother.

Peter Quill: Oh, boy. She got rekt too. Technically, she hates unsustainable token emissions models as much as you do.

CubeThor: Crypto can be tough. Look. Last generates real revenue from numerous yield-bearing sources and reinvests it back into the community of users and builders to encourage long-term sustainable growth. The focus is on cashflow.

Cashflow is a fundamental building block of any economic system because when money moves from one place to another there are opportunities to add value and collect revenue. 

This is the Last Cashflow Thesis—the proposition that cashflow is a fundamental building block and the key to generating a cryptoeconomic flywheel. This thesis predicts that making money from real revenue sources and reinvesting it to incentivize users will continually grow the network, further perpetuating revenue and fueling the growth cycle. 

The focus is sustainable cashflow at the network level, sourced and perpetuated from existing successful mechanism designs and aligning them all towards a sustainable incentivized mission. 

That mission? The Last blockchain network natively generates revenue via cashflow and reinvests all profits back into the community of users and builders to recharge the incentives engine for long-term network growth. 

Peter Quill: And I feel your pain, as well. I mean it’s not a competition, but I’ve been through a lot. I basically bought the top. I've diamondhanded my ape which lost 80% of its value from my buy price and also I bought a bunch of Hashmasks that are just nothing. And that was hard. Probably even harder than getting rekt from Basis clones. Plus, I came out of it with my head not being a cube.

CubeThor: I need the Last twin-chain protocol design composed of two interconnected chains: an L1 Utility Chain and an L2 EVM. (starts very awesomely looking for stuff)

Peter Quill: What are you doing?

CubeThor: (flexing all kinds of muscles impressively) The Last Utility Chain is an L1 accounting, service, and multi-chain connection point to Bitcoin, Ethereum, Cosmos chains, other L2s, and any other future chain ecosystem. 

Rather than bridging, users stake yield-bearing assets such as liquid staked ETH or Cosmos assets like TIA, yield-bearing BTC via Babylon, stablecoins, or RWAs, into the decentralized Last Utility Chain, which wraps assets into Last’s L2 EVM while still earning the underlying yield. 

Users determine where they apply yield onto the assets, and maintain their yield-bearing position while the asset is wrapped and active on the L2. The chain takes a percentage rake from the staked yield to reinvest back into the user incentives on the L2. (CubeThor is pretty ripped)

The Last Utility Chain is a heavily modified and updated Cosmos SDK Thorchain variant featuring a large set of highly performant validators that must run the Last validator and validators for each network that connects to Last. At launch, this will be Ethereum, Bitcoin, and Cosmos. The native token of the Last Utility Chain is LAST, which is wrapped on the Last L2 EVM for governance.

Peter Quill: No, you’re not! (mimics CubeThor’s accent) You’ll not be creating sustainable revenue with battle tested components from other systems today, sir.

Rocket: Quill. Are you making your voice deeper?

Peter Quill: No.

Drax: You are. You’re imitating the cube-man. It’s weird.

Peter Quill: No I’m not.

Mantis: He just did it again!

Peter Quill: This is my voice!

CubeThor: (CubeThor stepping closer to Quill) The other element of the twin-chain network is the Last L2. The Last L2 is the execution environment where applications and users will build and transact. It is EVM compatible, enabling developers to easily deploy their Ethereum, OP Stack, Arbitrum, or any other EVM dApp to Last. Plus, Last is implementing the Stylus VM so future builders can come from many other code backgrounds.

Leveraging data availability, the Last L2 offers significant speed enhancements and fee reductions, resulting in a cost-effective developer experience for deployment. 

veToken governance occurs on the Last L2 to distribute incentives, boost liquidity, collateralize composable financial positions, bootstrap new DeFi dApps, and more. Staked governance positions will also be able to serve on a council for DAO decision making.

Chain profits, for example from sequencer fees, Last’s novel options token emissions structure, and more are reinvested back to Last builders and users.

Last generates its cashflow from four main sources at launch, and will add more as the network grows. One, users bring yield-bearing assets to the Utility Chain, and the Last Network takes a rake fee from that yield, second, sequencer fees and MEV from the Last L2 EVM, third, profits from oLAST options token emissions, and finally swap fees from a native swap market on the L2.

This cashflow is reinvested into incentives, creating an enduring flywheel effect that drives growth within the Last Network and other associated chain ecosystems. As the Last Network expands, additional sources of sustainable yield from multi-chain security and validators will further contribute to long-term revenue generation.

Peter Quill: Post cube, find out.

CubeThor: Stop it. You did it again.

Peter Quill: He’s trying to copy me.

CubeThor: In addition to funding onchain protocols for liquidity, over time the chain will invest revenue into yield generation sources such as chain-owned Ethereum validators, Cosmos validators, etc, to actively secure the multi-chain world and diversify away from yield-bearing deposits being the primary source of new yield. The chain will hit a point of cash flow generation where it can sustain its own healthy bribe market to maintain growth without inflating LAST supply.

All of this means there are sustainable incentives to run a node on the Last Utility Chain, bring yield-bearing assets to the Last L2 EVM, and build protocols that tap into the native chain incentive pools to bootstrap liquidity without inflating away their own token value.

Gamora: (angry) Enough! We need a community of builders to thrive where there is fair compensation, incentive to experiment, and a spirit and community of lasting cooperation. With a chain that creates its own value loops with revenue, there are abundant opportunities for grant programs, community growth compensation, chain-owned investments, and a diverse chain-owned treasury! Who is building this? Where is this happening?

CubeThor: Telegram. And Discord and Farcaster maybe, but right now the conversation is really growing in the Last Telegram channel. A core group of early Last Builders are emerging to help create a cashflow future.

Mantis: Builders, developers, power users, DeFi enthusiasts, gamers, artists, meme-creators—Last is open to everyone?

Peter Quill: No. Telegram? It’s a chat app. We’ve been there. It sucks. Excuse me, that’s full of spam and noise.

CubeThor: Not anymore, the cube community incentivizes lasting and active participation. We seek out those who cultivate a spirit of fun and an appetite for experimentation. Bring your ideas, abilities, code, assets, friends, and memes to The Last Network. 

Gamora: CubeThor… Why would crypto go to Telegram?

CubeThor: Because the sticker packs are pretty funny, and memes tie new communities together, and also it loads a lot faster, just better UX you know?

Peter Quill: Only an idiot would build an initial community on Telegram.

CubeThor: Or a genius.

Gamora: (To CubeThor) How do you know community won't grow on other new L2s?

CubeThor: There’s many new L2s out there, but Last isn't competing with them. Users will bring yield-bearing assets to Last from L2s, L1s, RWAs from public and private chains, and more to accelerate yield without losing access to their initial staking revenue. This increases TVL and locks up supply for yield-bearing assets on other networks, and gives people the opportunity to transact with their staked assets. Everyone can be a Blockhead.

Peter Quill: Blockheads?

CubeThor: They’re Earth’s mightiest heroes.

Mantis: Like Gabriel Haines?

CubeThor: …He may be on the team. I don’t know. Haven’t been there in a while.

Gamora: Then we have to grow the Last L2 community now.

CubeThor: Wrong. We have to build the twin-chain failnet, and grow the community organically together until later this year when we launch early community programs, a public testnet, and more.

Drax: That’s a made up word.

CubeThor: All words are made up.

Rocket: The Last twin-chain is real? (climbing on to the table) Seriously? I mean, that place is a legend. They make the most sustainable, enduring cryptoeconomic models to ever torment the Universe. I would very much like to go there, please.

CubeThor: The rabbit is correct, and clearly the smartest among you.

Rocket: Rabbit?  

CubeThor: Only Androolloyd, the guy with a gif as a Twitter profile pic can make me the weapon I need. (To ROCKET) I assume you’re the captain, sir?

Rocket: You’re very perceptive.

CubeThor: You seem like a noble leader. Will you join me on my quest to the twin-chain?

Rocket: Lemme just ask the captain. Wait a second, it’s me! Yeah, I’ll go.

CubeThor: Wonderful.

Peter Quill: Except that I’m the captain.

Rocket: Quiet!

Peter Quill: And that’s my backpack.

Rocket: Quill, sit down.

Peter Quill: (To CubeThor) Look, this is my ship. And I’m not going to… Wait, what kind of twin-chain are we talking about here?

CubeThor: The revenue-generating kind.

Peter Quill: Don’t you think that we should all have a twin-chain like that?

CubeThor: Yes. But for now you simply lack the engineers to build them. Your bodies will crumble as your minds collapse into madness.

Rocket: Is it weird that I wanna do it even more now?

CubeThor: A little bit. Yeah.

Gamora: If we don’t grow to the Last community with quests and points right away, and crypto gets behind another unsustainable market narrative, it’ll be too powerful to stop.

Thor: It already is.

Rocket: I got it figured out. We got two ships, and a large assortment of morons. So me and Groot will go with the pirate-angel-cube-guy here, and the morons will go to the Last Telegram to try and make funny memes. Cool? Cool.

CubeThor: So cool.

Peter Quill: (To Rocket) For the record… I know that you’re only going with him because it’s where unsustainable yield-farming isn't.

Rocket: You know, Quill, you shouldn’t talk that way to your captain. (As he enters the pod) Come on, Groot. Put that game down. You’ll rot your brain.

CubeThor: I bid you farewell and good luck, morons. Bye.


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