• EigenLayer launches EigenAI.

• Coinbase achieves $1b in loans.

• SWIFT leverages Chainlink CRE.

• Report on Fusaka Devnet-5.

EigenLayer introduced EigenAI, a verifiable LLM inference service, and EigenCompute, a verifiable offchain execution system, now live on mainnet alpha. The services allow developers to build autonomous, transparent, and trustworthy AI agents with cryptoeconomic guarantees. EigenLayer says traditional AI models are opaque black boxes, leaving users vulnerable to tampered inputs, altered outputs, and inconsistent model quality. EigenAI provides an OpenAI-compatible API that ensures untampered prompts, responses, and models. EigenCompute complements it by enabling verifiable offchain computation, starting with Trusted Execution Environments and expanding to cryptoeconomic guarantees and zero-knowledge proofs.

Coinbase has surpassed $1 billion in Bitcoin-backed loans through its integration with the Morpho lending protocol on Base. The setup, dubbed the “DeFi mullet”, allows users to borrow USDC against their Bitcoin holdings via Coinbase. Behind the scenes, Bitcoin is converted into Coinbase Wrapped Bitcoin (cbBTC) on Base and then supplied to the Morpho lending protocol. Users can manage their loans directly in the Coinbase app. To qualify, a minimum of $20,000 in Bitcoin is required, with a maximum loan-to-value (LTV) ratio of 86%. If the LTV threshold is exceeded, loans are automatically liquidated. The service is currently available to U.S. users, excluding residents of New York.

Chainlink, in collaboration with Swift and UBS, introduced a solution enabling financial institutions to manage digital asset workflows directly from their existing systems. By combining Swift’s ISO 20022 messaging with the Chainlink Runtime Environment (CRE), institutions can trigger onchain events without overhauling their infrastructure. UBS’s tokenization unit piloted the solution on a tokenized fund smart contract, with workflows executed under Chainlink’s new Digital Transfer Agent (DTA) standard.

Sunnyside Labs, a core contributor to the Optimism Collective, released a report on Fusaka Devnet-5, stress-testing blob throughput on PeerDAS. The ~1,700-node devnet (representing ~1/8 of Ethereum Mainnet) sustained 22 (max 33) blobs and reached 48 (max 72) blobs per block. The main limiter was bandwidth, with full nodes frequently maxing out their 50 Mbps uplink. Current blob parameter only (BPOs) forks are scheduled to scale up to 14 blobs per block (max 21).

• Lodestar v1.35.0-rc.0 release

• Farcaster releases referral rewards

• Obol institutional staking survey

• ETH ETF $546m net flow

• Ethresearch: Semantic Block Chunking

• Sharplink earns 4.2k ETH in staking

• SG Forge partners with Morpho

• Stripe launches Open Issuance

That's it for this week! If you enjoyed the read, please support us with a donation 🌱

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

• EigenLayer launches EigenAI.

• Coinbase achieves $1b in loans.

• SWIFT leverages Chainlink CRE.

• Report on Fusaka Devnet-5.

EigenLayer introduced EigenAI, a verifiable LLM inference service, and EigenCompute, a verifiable offchain execution system, now live on mainnet alpha. The services allow developers to build autonomous, transparent, and trustworthy AI agents with cryptoeconomic guarantees. EigenLayer says traditional AI models are opaque black boxes, leaving users vulnerable to tampered inputs, altered outputs, and inconsistent model quality. EigenAI provides an OpenAI-compatible API that ensures untampered prompts, responses, and models. EigenCompute complements it by enabling verifiable offchain computation, starting with Trusted Execution Environments and expanding to cryptoeconomic guarantees and zero-knowledge proofs.

Coinbase has surpassed $1 billion in Bitcoin-backed loans through its integration with the Morpho lending protocol on Base. The setup, dubbed the “DeFi mullet”, allows users to borrow USDC against their Bitcoin holdings via Coinbase. Behind the scenes, Bitcoin is converted into Coinbase Wrapped Bitcoin (cbBTC) on Base and then supplied to the Morpho lending protocol. Users can manage their loans directly in the Coinbase app. To qualify, a minimum of $20,000 in Bitcoin is required, with a maximum loan-to-value (LTV) ratio of 86%. If the LTV threshold is exceeded, loans are automatically liquidated. The service is currently available to U.S. users, excluding residents of New York.

Chainlink, in collaboration with Swift and UBS, introduced a solution enabling financial institutions to manage digital asset workflows directly from their existing systems. By combining Swift’s ISO 20022 messaging with the Chainlink Runtime Environment (CRE), institutions can trigger onchain events without overhauling their infrastructure. UBS’s tokenization unit piloted the solution on a tokenized fund smart contract, with workflows executed under Chainlink’s new Digital Transfer Agent (DTA) standard.

Sunnyside Labs, a core contributor to the Optimism Collective, released a report on Fusaka Devnet-5, stress-testing blob throughput on PeerDAS. The ~1,700-node devnet (representing ~1/8 of Ethereum Mainnet) sustained 22 (max 33) blobs and reached 48 (max 72) blobs per block. The main limiter was bandwidth, with full nodes frequently maxing out their 50 Mbps uplink. Current blob parameter only (BPOs) forks are scheduled to scale up to 14 blobs per block (max 21).

• Lodestar v1.35.0-rc.0 release

• Farcaster releases referral rewards

• Obol institutional staking survey

• ETH ETF $546m net flow

• Ethresearch: Semantic Block Chunking

• Sharplink earns 4.2k ETH in staking

• SG Forge partners with Morpho

• Stripe launches Open Issuance

That's it for this week! If you enjoyed the read, please support us with a donation 🌱

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.