Quick Take
Swell L2 migrates to OP Stack.
Lido integrates CCIP for direct staking.
Base offers free smart contract monitoring.
Rhinestone Protocol goes live.
Swell L2 Migrates To OP Stack
Swell Network announced that it's transitioning away from Polygon CDK and will instead build its Swell L2 restaked rollup on the OP Stack. As part of this move, Swell L2 will join the Superchain, alongside networks like Base, Ink, and Soneium, aligning with Superchain interoperability, governance standards, and shared upgrades. Earlier this month, Swell introduced details of its native SWELL governance token. Although SWELL was initially going to serve as the gas token, the protocol will now use ETH for gas fees to ensure seamless integration with the Superchain. Swell L2 will bring its unique Proof of Restake mechanism. Swell Network has over $1.3 billion in TVL.
Lido Integrates CCIP For Direct Staking
Lido, the largest liquid staking protocol, integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling Direct Staking from any Layer 2 network. The new feature allows users to stake ETH directly from Arbitrum, Base, or Optimism and receive wstETH in a single transaction, simplifying the staking process. Direct Staking leverages CCIP’s Programmable Token Transfers to streamline cross-chain transactions. The implementation either sends ETH and staking instructions to Ethereum mainnet, where wstETH is minted and bridged back to a user’s L2 wallet, or its deposits ETH on L2 and immediately sends wstETH from local liquidity pools to the user, with the deposited ETH later sent to Ethereum mainnet for staking.
Base Smart Contract Monitoring
Base is now providing free access to smart contract monitoring and analytics tools for protocols and apps built on its network. Powered by the Web3 security platform Hexagate, the initiative aims to help developers create secure and reliable protocols. With the tools, developers can monitor transactions, detect bugs, receive real-time alerts, and take action to safeguard user assets. The Base team already uses Hexagate’s solutions to enhance security on Base. Builders on Base can now apply for real-time, ML-based threat monitoring for up to 10 smart contracts.
Rhinestone Protocol 1.0 Goes Live
Rhinestone Protocol 1.0, a new interoperability protocol for Modular Smart Accounts, is now live on mainnet. Rhinestone aims to address vendor lock-in, ecosystem fragmentation, and security risks by allowing developers to build Modules that enhance smart accounts. Developers can now use Rhinstone to build, extend, and integrate Modular Smart Accounts across EVM chains.
Other News
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Confidential ERC-20 Framework
Privy supports Coinbase Wallet
Bungee Protocol opens early access
ZKsync TIP001 goes onchain
Consensys cuts 20% of staff
Dydx cuts 35% of staff
OP FND grants 25m OP to Kraken
SEC chair should withdraw all frivolous cases
Talent Protocol launches TALENT
Base Fault proofs tomorrow
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