Quick Take
Two researchers drop EigenLayer advisorship.
Conduit introduces Account Abstraction features.
A state pension fund buys ETHE.
ArbitrumDAO approves 5m ARB for Stylus Sprint.
Ethereum Researchers Drop EigenLayer Roles
Ethereum researchers Justin Drake and Dankrad Feist announced their resignation from their advisory roles at EigenLayer. Drake also stepped down from his position with the ultra sound relay. The move aims to eliminate potential conflicts of interest and reinforce their commitment to Ethereum Layer 1 research. The resignations follow community concerns raised in May 2024 regarding their advisory roles at EigenLayer, which included substantial EIGEN token compensation. The researchers announced their dedication to maintaining neutrality and alignment with the Ethereum community. The resignation took effect in September 2024.
Conduit Introduces Account Abstraction
Conduit, a rollup-as-a-service provider, introduced account abstraction support to enhance the user experience for rollups. The release includes two core components: the Conduit Bundler and ZeroDev Smart Accounts. The Conduit Bundler bundles multi-transaction operations by leveraging UserOperations as specified by ERC-4337. ZeroDev Smart Accounts is a modular solution that enables features like gasless transactions, session keys, chain abstraction, and social recovery. Together, the new features allow rollups to provide seamless onboarding, flexible gas payment options, and simplified transactions, helping to lower entry barriers for users. Rollup teams can access the features through a $500/mo Conduit package.
Michigan Pension Fund Buys ETHE
Matthew Sigel, Head of Digital Assets Research at VanEck, uncovered that the State of Michigan Retirement System recently purchased 460,000 shares of the Grayscale Ethereum Trust (ETHE), valued at approximately $10 million. The fund also bought another 460,000 shares of the Grayscale Ethereum Mini Trust, increasing its total ETH-related ETF holdings to about $11 million. The purchase places the pension fund among the top five holders of the ETHE ETF, as revealed in a recent 13F regulatory filing by the State of Michigan.
Apply For Arbitrum Stylus Sprint
The ArbitrumDAO approved a 5 million ARB token grant allocation for the Stylus Sprint program, an initiative that rewards teams building on Stylus. Applications for the program will open on Monday, November 11, 2024. Applications will be assessed by an evaluation committee featuring members from Offchain Labs, OpenZeppelin, SEEDGov, JoJo, and Entropy Advisors. Arbitrum Stylus is a general-purpose programming environment that enables developers to write applications in any WASM-compatible language, unlocking advanced smart contract development with lower gas costs and access to tools previously unavailable on the EVM.
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