Quick Take
Unichain Holocene Network Upgrade on testnet.
Eigen Labs proposes ELIP-001.
L2Beat supports analytics for EspressoDA.
Devcon publishes SEA highlights.
Unichain Holocene Network Upgrade
Unichain, Uniswap's DeFi-focused Layer 2 built on the OP Stack, is scheduled to activate the Holocene Network Upgrade on its testnet on December 18, 2024, at 22:00 UTC. The upgrade introduces Holocene Block Derivation, MIPS Contracts, and EIP-1559 Configurability, designed to improve functionality, performance, and scalability. The Holocene Block Derivation update simplifies the block derivation pipeline, optimizing worst-case performance for the Fault Proof System and improving cross-network interoperability. To ensure compatibility with the upgrade, node operators must update their op-node and op-geth software and properly configure the activation date.
Eigen Labs Proposes ELIP-001
Eigen Labs proposed the first EigenLayer Improvement Proposal (ELIP), which outlines a new Rewards v2 upgrade to the EigenLayer rewards system. The upgrade aims to enhance reward flexibility and utility within the ecosystem, addressing the limitations of the first rewards system. Key enhancements include implementing performance-based retroactive rewards, enabling operators to set custom reward fees for AVSs, introducing tailored programmatic incentives, and supporting gas-efficient claims for stakers and operators in a single transaction. The upgrade is currently under community discussion, with Eigen Labs to test its implementation.
L2Beat Now Tracks EspressoDA
L2Beat added support for analytics tracking for EspressoDA, a three-layer data availability (DA) solution powered by HotShot consensus from Espresso Systems. Live as part of the Espresso Network’s Mainnet 0 release, EspressoDA leverages Verifiable Information Dispersal to deliver enhanced performance and efficiency. Focused on providing Ethereum-level security, EspressoDA optimizes for high throughput, low latency, and bribery resistance. Chains leveraging Espresso for confirmations also have the option to integrate alternative DA solutions if desired. Future upgrades to EspressoDA are planned in early 2025, including transitioning to a proof-of-stake system and performance optimizations.
Other News
Devcon SEA highlights
EigenFoundation introduces Protocol Council
Base increases gas target to 16.5 Mgas/s
Bitcoin hits $100,000
Hey migrates to Lens V3
Circle compliance with Canadian market rules
Magic Eden airdrop checker
Namada launches on mainnet
