#956 - Base Azul Goes Live On Mainnet
Base activates Azul on mainnet, Morpho publishes the Midnight whitepaper, Privy launches universal addresses, and Aave Labs secures FCA approval.
Base activates Azul upgrade.
Morpho Midnight whitepaper.
Privy universal deposit addresses,
Aave Labs secures FCA approval in UK.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Base activated Azul, its first standalone network upgrade since departing Optimism's Superchain. The upgrade introduces multiproofs combining TEEs with ZK proofs, a new execution client (base-reth-node), a new consensus client (base-consensus) built on OP Kona, the CLZ opcode, Osaka repricings, and performance improvements scaling the network up to 5,000 TPS. Azul also moves Base closer to Stage 2 decentralization.
Morpho published the whitepaper for Midnight, a fixed-rate lending protocol built around isolated, immutable, permissionless markets with fixed maturities. Midnight implements lending and borrowing through the trading of credit and debt units that settle at maturity, with the implied rate derived from the discount at which units trade. The design eliminates locked liquidity by sourcing funds only at execution, supports single and multi-collateral configurations, and realizes bad debt at liquidation. Morpho also released the Midnight code.
Privy launched universal deposit addresses, a single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain. Privy detects inbound transfers, bridges to the destination chain via Relay, and deposits into the user's wallet. Developers configure the destination chain and token specific to their application, abstracting bridging from end users.
Aave Labs' UK subsidiaries, known as Push, received approval from the Financial Conduct Authority to operate as a registered cryptoasset exchange provider, and authorization under the Electronic Money Regulations to issue electronic money. The approvals enable Aave Labs to build regulated payments infrastructure in the UK, including a planned zero-fee fiat on-ramp that lets users move money from their bank account directly into Aave without leaving the app.
ACDC #179 forkcast summary
Ethereum hits 32% staked ETH
Base Azul uses SP1
Aave v4 hits $100m deposits
Protocol Guild Megapot page
Privacy Pools v2 will be free
Privacy Pools v2 private transfers
DeFi sessions recap
Commit-Boost sidecar charts
Neobank stack prompt site
Fireblocks transaction layer
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
Aave Labs Secures FCA Approval In UK
Aave Labs receives FCA Approval, plans to build a zero-fee fiat on-ramp in the UK.
Aave Labs announced that its UK subsidiaries, known as Push, have received approval from the UK's Financial Conduct Authority to operate as a registered cryptoasset exchange provider. Push is also authorized under the Electronic Money Regulations for issuing electronic money. The approvals enable Aave Labs to build regulated payments infrastructure in the UK.
Aave plans to offer a zero-fee fiat on-ramp, allowing users to move money from their bank account directly into Aave without leaving the app. Aave Labs also has a CBI MiCA license in the EU and EEA.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
Privy Launches Universal Deposit Addresses
A single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain.
Privy launched universal deposit addresses, a single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain for an application. The feature abstracts bridging and network-switching for Privy users by generating a single universal deposit address. Privy detects inbound transfers, bridges to the destination chain via Relay, and deposits directly into the user's wallet. Developers configure the desired chain and token for their users specific to their application.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created