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Prysm Experiences Client Issue

Prysm experienced a configuration mismatch issue that impacted validator participation rates following the Fusaka upgrade.

Quick Take

  • Prysm client issue following Fusaka.

  • Etherealize report on L2s for institutions.

  • WisdomTree launches an stETH ETP.

  • ZKsync Interop taps into L1 liquidity.

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Prysm Experiences Client Issue

Listen to this episode from Ethereum News on Spotify. Prysm fixes a client issue following Fusaka. Etherealize releases a report on L2s for institutions. WisdomTree launches an stETH ETP. And ZKsync Interop can tap into L1 DeFi liquidity. Read more: https://ethdaily.io/836 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3.

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Prysm Client Configuration Issue

The Prysm consensus layer client experienced a configuration mismatch that impacted Prysm validator participation rates following the Fusaka upgrade. The Prysm team provided a workaround, urging impacted node operators to add the --disable-last-epoch-targets validator flag to their Beacon node. The fix is compatible with client version v7.0.0 and does not require a full Beacon node update. Prysm is the second-largest Ethereum consensus layer client with a 17.49% market share, according to clientdiversity.org. Ethereum's multi-client architecture prevented a single point of failure, ensuring the network continued block production.

L2s For Institutional Adoption

Etherealize, Nethermind, and L2Beat published a joint report analyzing Ethereum's L2 ecosystem and its role in the institutional adoption of blockchain for financial infrastructure. The report highlights Ethereum and its L2 ecosystem as the foundation for the global economy’s shift onto onchain rails. The report notes that the shift is being driven by the maturity of the market and increasing regulatory clarity from frameworks like MICA, GENIUS, and CLARITY Acts. L2s offer strategic advantages for institutions, including lower transaction costs, high throughput, and custom controls. L2s can also enable regulatory alignment by using Zero-Knowledge proofs for confidential compliance.

WisdomTree Physical Lido Staked ETH ETP

Global asset manager WisdomTree launched the WisdomTree Physical Lido Staked ETH ETP (LIST), the first European Exchange-Traded Product (ETP) to exclusively hold Lido’s stETH. LIST offers institutional investors exposure to staked ETH and onchain staking rewards through a regulated format. The ETP features a fully staked design, which uses stETH's deep liquidity to process creations and redemptions through secondary markets while avoiding the traditional unstaking buffers and validator withdrawal queues. LIST has begun trading with approximately $50 million in assets under management.

ZKsync Interop Taps L1 Liquidity

ZKsync announced that its Interop solution now allows any chain built with the ZK Stack to natively access the full liquidity of Ethereum L1 DeFi without suffering from fragmented liquidity or slow bridging speed. The ZKsync interop protocol handles the complex mechanics of L2 to L1 interactions, abstracting the process from the user. Users on a ZK Chain can deposit into Aave and borrow assets on Ethereum L1 while remaining entirely on L2. Institutions can now leverage Prividiums, private ZK L2s, to access public L1 market liquidity while maintaining their own governance, privacy, and execution environment.

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