• OP token buyback proposal.

• ADI Chain partners with M-Pesa.

• SharpLink deploys $170m on Linea.

• Vitalik Buterin on increasing bandwidth.

Arkiv is an Ethereum-aligned data layer for Web3. Arkiv brings the familiar concept of a traditional Web2 database into the Web3 ecosystem. Find out more at Arkiv.network

The Optimism Foundation published a proposal to direct 50% of incoming Superchain revenue toward OP token buybacks, aiming to align the token's value with Superchain growth. Governance will later decide whether to burn or redistribute the purchased tokens. In the past year, the Optimism Collective has collected 5,868 ETH in revenue. Beyond the buybacks, the proposal seeks to grant the Foundation power to actively manage the remaining ETH in the Optimism treasury. The proposal goes to a governance vote on January 22; if approved, the 12-month buyback program will launch as soon as February, using 50% of January’s revenue. Disclosure: ETH Daily is an OP RetroPGF3 recipient (2024).

ADI Chain, an EVM L2 network powered by GPU computing, announced a partnership with M-Pesa Africa, the largest mobile money platform across Africa, to power cross-border payment settlements. ADI Chain provides compliance-ready and institutional-grade infrastructure for real-world assets. ADI Chain is home to a Dirham-backed stablecoin developed by First Abu Dhabi Bank and IHC. ADI Chain is built on ZKsync’s Elastic Network, leveraging Airbender, ZKsync’s RISC-V–based zkVM.

SharpLink Gaming deployed $170 million worth of ETH from its strategic ETH reserve on Linea, a ZK-EVM rollup by Consensys. The deployment aims to earn staking yield and higher risk-adjusted returns through EigenCloud, with direct incentives from Linea and EtherFi. Custody of the deployment is managed by Anchorage Digital. SharpLink is also a member of the Linea Consortium, which manages the Ecosystem Fund containing 75% of the Linea token supply. With 863,000 ETH in its treasury, SharpLink is the second-largest corporate holder of ETH. Linea is third largest validity rollup with over $689 million in Total Value Secured.

Vitalik Buterin calls for prioritizing bandwidth expansion over latency reduction on Ethereum. He notes that ZKPs allow for massive scaling without violating the laws of physics or compromising decentralization, whereas reducing latency faces much harder physical and social constraints. He added that any application requiring sub-second performance will need to use offchain components.

• Charon v1.8.0 release

• Morpho 1m verified humans

• LlamaAI new features

• Token fair launch handbook

• Gitcoin x Octant Yield proposal

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

• OP token buyback proposal.

• ADI Chain partners with M-Pesa.

• SharpLink deploys $170m on Linea.

• Vitalik Buterin on increasing bandwidth.

Arkiv is an Ethereum-aligned data layer for Web3. Arkiv brings the familiar concept of a traditional Web2 database into the Web3 ecosystem. Find out more at Arkiv.network

The Optimism Foundation published a proposal to direct 50% of incoming Superchain revenue toward OP token buybacks, aiming to align the token's value with Superchain growth. Governance will later decide whether to burn or redistribute the purchased tokens. In the past year, the Optimism Collective has collected 5,868 ETH in revenue. Beyond the buybacks, the proposal seeks to grant the Foundation power to actively manage the remaining ETH in the Optimism treasury. The proposal goes to a governance vote on January 22; if approved, the 12-month buyback program will launch as soon as February, using 50% of January’s revenue. Disclosure: ETH Daily is an OP RetroPGF3 recipient (2024).

ADI Chain, an EVM L2 network powered by GPU computing, announced a partnership with M-Pesa Africa, the largest mobile money platform across Africa, to power cross-border payment settlements. ADI Chain provides compliance-ready and institutional-grade infrastructure for real-world assets. ADI Chain is home to a Dirham-backed stablecoin developed by First Abu Dhabi Bank and IHC. ADI Chain is built on ZKsync’s Elastic Network, leveraging Airbender, ZKsync’s RISC-V–based zkVM.

SharpLink Gaming deployed $170 million worth of ETH from its strategic ETH reserve on Linea, a ZK-EVM rollup by Consensys. The deployment aims to earn staking yield and higher risk-adjusted returns through EigenCloud, with direct incentives from Linea and EtherFi. Custody of the deployment is managed by Anchorage Digital. SharpLink is also a member of the Linea Consortium, which manages the Ecosystem Fund containing 75% of the Linea token supply. With 863,000 ETH in its treasury, SharpLink is the second-largest corporate holder of ETH. Linea is third largest validity rollup with over $689 million in Total Value Secured.

Vitalik Buterin calls for prioritizing bandwidth expansion over latency reduction on Ethereum. He notes that ZKPs allow for massive scaling without violating the laws of physics or compromising decentralization, whereas reducing latency faces much harder physical and social constraints. He added that any application requiring sub-second performance will need to use offchain components.

• Charon v1.8.0 release

• Morpho 1m verified humans

• LlamaAI new features

• Token fair launch handbook

• Gitcoin x Octant Yield proposal

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