Quick Take
Mekong Pectra testnet goes live.
OP Labs proposes ERC-7802.
Velodrome Superchain 1.0 goes live.
Degen Chain is considering a chain relaunch.
Mekong Pectra Testnet Launch
The Ethereum devops team, Ethpandaops, launched Mekong, the first short-lived testnet for the upcoming Pectra upgrade. Mekong includes all eight scoped EIPs for Pectra, including EIP-7702 for enhanced UX, EIP-7251 for increasing the maximum effective staking balance, and EIP-6110 for new deposit and exit mechanisms. Application developers, tooling providers, and stakers, can now test Pectra’s changes ahead mainnet deployment. Mekong is named after Southeast Asia's Mekong River, aligning with the location of Devcon VII. Ethpandaops also launched a landing page where users can access a JSON RPC endpoint, a block explorer, and request funds from a faucet. The Pectra upgrade is anticipated to launch on Ethereum mainnet in the first half of 2025.
OP Labs Proposes ERC-7802
OP Labs introduced ERC-7802, a new minimal interface standard for cross-chain token transfers that allows tokens to be minted and burned across multiple blockchain ecosystems. ERC-7802 aims to create a unified standard for cross-chain transfers across Ethereum rollups, sidechains, and third-party bridges. ERC-7802 includes two main attributes: Bridge Agnosticism, which separates cross-chain logic from token contracts, allowing bridges to manage minting and burning without embedding bridge-specific details within tokens. And Extensibility, which provides a foundation for future enhancements, such as rate limits or transaction fees. ERC-7802 was developed with contributions from Uniswap and DeFi Wonderland.
Velodrome Superchain 1.0 Goes Live
Velodrome Superchain 1.0, the first version of Velodrome’s MetaDEX on the Superchain, is now live with its initial deployment on Mode Network. The launch allows users to cast votes with veVELO on OP Mainnet for pools on Mode, bridge rewards to LPs on Mode, and place voting incentives on either OP Mainnet or Mode. The deployment uses Superlane, a Hyperlane module that enables cross-chain communication and interoperability across OP Stack chains. Velodrome Superchain aims to be the primary liquidity hub on the Superchain, with planned support to expand to additional chains. Mode is the third-largest Superchain, after Base and OP Mainnet.
Degen Chain Considers Chain Relaunch
Degen Chain, an L3 on built on Arbitrum Orbit, is considering launching a new chain after facing ongoing challenges with its rollup provider, Conduit. In a community update, Degen claimed that Conduit withheld sequencer fees, demanded a new contract, and engaged in months of stalled negotiations. Degen stated they have been attempting to migrate the Degen L3 chain from Conduit since August. In response, Conduit indicated that they are prepared to facilitate an offboarding without catered support and only need an address to transfer rollup upgrade permissions.
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