Quick Take
ACI proposes Aavenomics implementation.
Lens introduces the Grove data storage.
Hyperlane introduces OpenUSDT.
Lighthouse to enable light client support.
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Aavenomics Implementation Proposal
The Aave Chan Initiative (ACI), a key contributor to the Aave DAO, introduced the Aavenomics implementation proposal, aiming to enhance AAVE tokenomics, optimize protocol revenue distribution, phase out the LEND migration, and refine secondary liquidity management. It seeks to establish the Aave Finance Committee (AFC), tasked with overseeing treasury management. Key changes include leveraging Aave’s cash reserves for user protection and liquidity incentives, transitioning to a hybrid secondary liquidity model, introducing a non-transferable rewards token for AAVE stakers that can be used for GHO debt reduction or staking incentives, and launching a structured buyback program. The proposal is currently open for community feedback.
Lens Introduces Grove Data Storage
Lens Chain, a SocialFi L2 built on ZKsync’s ZK Stack, introduced Grove, a decentralized storage solution that ensures secure, user-controlled data management. Grove enables onchain access controls while storing content offchain, allowing users to modify or delete their data. Grove supports multiple EVM-compatible chains, including Lens Chain, Ethereum Mainnet, ZKsync, Abstract, Sophon, and Base. A proposal to integrate Lens Chain into ZKsync’s Elastic network is currently open for voting. Once approved, Lens Chain will migrate from Polygon PoS to a ZK Validium chain in the coming months.
Hyperlane Introduces OpenUSDT
Interchain messaging protocol Hyperlane introduced OpenUSDT, an interoperable version of Tether’s USDT stablecoin designed for the Superchain. OpenUSDT tackles liquidity fragmentation by removing the need for separate bridged USDT versions, ensuring seamless access across all Superchain networks. OpenUSDT can be deployed permissionlessly to new Superchain chains as they launch and is forward-compatible with native USDT minting on Celo. Its implementation leverages Hyperlane Warp Routes for cross-chain transfers with liquidity on Velodrome.
Lighthouse Light Client Support
Sigma Prime announced that Lighthouse will enable light client support by default starting with version v7.0 and later. The update is expected to boost the share of beacon nodes providing light client data from 5% to 30-40%, with minimal impact on disk usage and memory for users. Light nodes offer a resource-efficient way to access the Ethereum network without heavy hardware or hight bandwidth requirements.
Other News
Obront joins Etherealize
Tradeoffs in delayed execution
Lighthouse v7.0.0-beta.2 for Holesky
Nethermind team's view on Fusaka
Velodrome goes live on Unichain
White House rescinds Broker Rule
Across raises $41m from Paradigm
See disclosures
