Quick Take

• Rollup teams coordinate on standards.

• Vitalik reflects on Ethereum scaling.

• Uniswap experiments with futarchy.

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FABRIC Unifying Rollup Standards

During the 17th Ethereum Sequencing and Preconfirmations Call, rollup teams such as Optimism, Namechain, Arbitrum, and Scroll expressed their support for based rollups, native rollups, and FABRIC, a collaborative initiative aimed at developing a neutral and minimal set of standards for rollup infrastructure. FABRIC aims to help stakeholders agree on unified standards. Based rollups leverage Ethereum L1 for transaction sequencing, while native rollups leverage Ethereum L1 for execution and settlement. FABRIC aims to enhance interoperability and accelerate the scalability of Ethereum.

Vitalik On Scaling Ethereum

In a new blog post, Ethereum creator Vitalik Buterin reflected Ethereum’s L1 and L2 roadmap, focusing on scalability and interoperability, while maintaining decentralization. He emphasized Ethereum’s technical and social innovation, noting its reliance on community-driven development, and described ETH as a "triple-point asset" for payments, staking, and as a store of value. Buterin doubled down on scaling primarily through L2 solutions while scaling L1 by increasing blob space and the gas limit. He noted that with increased blobs, PeerDAS, 2D sampling, and data compression, Ethereum could reach 100,000 TPS onchain. He also calls for stronger L2 security, faster L2 deposit and withdrawal times, and standardization to enables a unified user experience and reduce fragmentation. Buterin also called for incentivizing ETH usage across L1 and L2. Lastly, he called on teams, developers, and community members to collaborate and innovate to sustain Ethereum’s role as a leading blockchain platform.

Uniswap Futarchy Governance

The Uniswap Foundation and Optimism Foundation are collaborating to experiment with futarchy as a governance mechanism. Futarchy is a form of governance that uses prediction markets to guide decision-making. It promotes data-driven governance and aligns incentives by rewarding participants for accurate predictions. The experimental tests will leverage a platform called Butter to allow the community predict the impact of grants in both ecosystems. Optimism will run a futarchy contest to predict grant outcomes, where accurate forecasts will win OP token rewards. Uniswap will run Conditional Funding Markets (CFMs) where forecasters deposit USDC to predict grant outcomes for projects on Unichain. 

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