Quick Take
Base activates Fraud Proofs on mainnet.
Bungee launches chain abstracted swaps to beta.
Fluid launches the Fluid DEX.
Powdr Labs releases powdrVM 0.1.
Base Activates Fraud Proofs
Base activated fault proofs on its Layer 2 network, introducing permissionless output proposals and permissionless challenges. With output proposals, anyone can submit claims about the chain’s state, while challenges allow anyone to dispute fraudulent withdrawals. Successful challengers earn the bonds of invalid claims, incentivizing community participation. The upgrade brings Base closer to Stage 1 decentralization, where rollups operate with working proof systems and maintain a multi-sig override mechanism. For now, upgrades require approval from contributors across Base and Optimism, but the transition to a Security Council will complete the step of Stage 1. Looking ahead, Base will work toward Stage 2 by adopting a multi-proof system. As outlined by Vitalik, Stage 2 marks full decentralization, where the Security Council will no longer have the power to alter the chain’s state root.
Bungee Protocol Chain Abstracted Swaps
Bungee introduced its chain-abstraction swaps to beta, allowing users to perform actions across multiple chains. As a global liquidity marketplace, Bungee leverages gasless signatures, allowing users to execute swaps without the need for bridging native gas tokens. The beta release smart contracts are yet to undergo audits. Bungee Protocol runs on Socket Protocol, a chain-abstraction framework that uses Modular Orderflow Actions (MOFA) to execute user requests. Offchain execution agents such as sequencers, validators, solvers, and keepers—compete to fulfill user requests, ensuring optimal performance while covering native gas fees.
Fluid Launches Fluid DEX
Fluid, a liquidity layer developed by Instadapp, launched the Fluid DEX to mainnet. Fluid DEX is a decentralized exchange focused on maximizing capital efficiency. It introduces innovative features like Smart Debt and Smart Collateral, enabling users to convert their debt into trading liquidity by deploying it as collateral within AMM pools. By doing so, users can earn trading and lending fees to offset borrowing costs—and in some cases, even profit from borrowing. Leading DEX aggregators, including Kyber, CoWSwap, Paraswap, and 1inch, are set to integrate support for Fluid DEX.
Powdr Labs Releases powdrVM 0.1
Powdr Labs released powdrVM 0.1, a specialized virtual machine designed for proving computations using zero-knowledge proofs. powdrVM 0.1 is fully compatible with Rust and supports multiple ZK proving systems, including Plonky3 and Halo2. Developers can build complex ZK applications and generate proofs for long-running computations. Powdr Labs is a project spun-out of the Ethereum Foundation focused on ZK research and tooling.
Other News
Ethereum Staking Penalty Simulator
Synthetix proposal to acquire Kwenta
Coinbase Q3 report
U.S. Treasury report on digital assets
Flashbots Protect turns 3
Deep Blue integrates with Arbitrum
Setting Your Pet Rock Free
