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#937 - Status Network Merges Into Linea, EPF Cohort 7, EAG Introduced

Status Network plans to merge into Linea, the EF opens applications for EPF cohort 7, and USDm incentives activate on the Aave V3 MegaETH market.

Quick Take

  • Ethereum Protocol Fellowship 7.

  • Status to merge into Linea.

  • USDm incentives on Aave V3.

  • Ethereum Applications Guild (EAG).

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Ethereum Protocol Fellowship Cohort 7

The Ethereum Foundation opened applications for the seventh cohort of the Ethereum Protocol Fellowship (EPF), an annual mentorship program aimed at helping developers dive into core protocol development. The application deadline is May 13, 2026, with the program running from June through November 2026. The program is designed for aspiring protocol developers looking to make meaningful contributions to Ethereum, spanning client development, testing, specifications, and research. The EPF team will host a town hall on May 6 at 15:00 UTC. Read more.

Status Network Merges Into Linea

Status Network has announced plans to consolidate its technical work, liquidity, and community into Linea rather than launching as a standalone L2. The merge will bring Status Network's core innovations, including ephemeral accounts, free cover traffic, untraceable agents, and decoupled execution, to the broader Linea ecosystem. Pre-deposit vaults for the Status L2 are now closed and will be migrated to Linea mainnet, where users will be able to withdraw their principal, accrued yield, and liquid rewards. Read more.

MegaETH Incentives Live On Aave

Incentives are now live for USDm on the Aave V3 MegaETH market. The market supports both USDm and Ethena's USDe stablecoin, with USDe already seeing over $100 million in deposits. Users can supply USDe as collateral to borrow USDm, earning a promotional rate of about 3% APY. Over 342 million USDm has been deposited into the market so far. Aave is also planning to increase USDe deposit caps to a target of $500 million. MegaETH is a high-performance Ethereum-compatible chain launched in February 2026. Read more.

Ethereum Applications Guild (EAG) Introduced

Ethereum Applications Guild (EAG) has launched as a non-profit organization dedicated to advancing the innovation, adoption, and real-world impact of Ethereum-native applications. EAG operates on core principles of openness, transparency, decentralization, and a public goods-first approach. EAG is hosting the 2026 Global Application & Builder Initiatives, running from May to September 2026. Read more.

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