Quick Take
Arbitrum Stylus goes live on mainnet.
Aave introduces the Sky Aave Force.
Matter Labs lays off 16% of its staff.
Devcon opens general ticket sales
Arbitrum Stylus Live On Mainnet
Arbitrum Stylus, a versatile programming environment for writing smart contracts using WebAssembly (WASM), is now live on Arbitrum One and Arbitrum Nova mainnet. The launch introduces MultiVM support, allowing a fully interoperable WASM VM to work alongside the EVM. Developers can write smart contracts in high-level programming languages like Rust, C, and C++. Stylus significantly reduces gas costs by offloading resource-intensive operations to the more efficient WASM environment. To further accelerate the development of Stylus-based smart contracts and tools, Arbitrum is launching the Stylus Sprint program, offering 5 million ARB tokens in grants for teams building on Stylus.
Aave Introduces Sky Aave Force
Aave introduced the Sky Aave Force, a collaboration with Sky, formerly known as MakerDAO, to onboard USDs and sUSDS, the rebranded versions of DAI and sDAI, to Aave V3. As part of the collaboration, Aave will add sUSDS as a collateral and borrow asset on Aave V3. The Sky Aave Force will also include a Direct Deposit Module (D3M) for USDS in Aave's Lido-specific V3 market, with an initial debt ceiling of $100 million. In return, Sky will offer token incentives to liquidity providers, including 3.33 million SPK tokens per month as part of a pre-farming airdrop incentive program. The migration from DAI to USDS is scheduled to go live on September 18th.
Matter Labs Lays Off 16% Of Staff
Matter Labs, the company behind the ZKsync EVM-compatible ZK Rollup, announced a layoff of roughly 16% of its workforce as part of a broader restructuring. In a letter to employees, co-founder Alex G. attributed the layoffs to changing market conditions and business needs, noting that current talent does not match the project’s needs. Affected employees will receive an exit package that includes three months of base pay, four months of healthcare coverage, full vesting of equity, career support, and immigration assistance. Matter Labs has raised a total of $458 million in funding to date.
Devcon General Ticket Sales
General ticket sales for Devcon VII are now live, marking the final ticket wave until tickets are sold out. General Admission tickets are priced at $599 with discounts available for past attendees, public goods projects, open-source contributors, and local SEA builders. Devcon VII is the largest Ethereum developer conference, set to take place in Bangkok, Thailand, from November 12-15.
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