PayPal Supports ENS Domains
Users to send crypto directly to a ".eth" ENS domain directly from PayPal and Venmo.
PayPal and Venmo now support ENS domains.
ZeroDev introduces Magic Account.
Eigen Labs introduces a new security model.
Zora releases its mobile app for all users.
Payment platforms PayPal and Venmo now support ENS domains, enabling users to send crypto directly to .eth addresses from the apps. The integration automatically translates ENS names into their corresponding hexadecimal wallet addresses, simplifying transactions. The feature is initially available to U.S. users. Users can also save frequently used ENS names in an address book for easier access. By replacing complex hexadecimal addresses with easy-to-read names, ENS reduces the risk of errors and phishing attempts when executing transactions. So far, over 2 million primary ENS domains have been registered.
ZeroDev introduced Magic Account, a chain-abstracted smart wallet that offers a unified balance across multiple chains, allowing users to spend tokens on any chain without the need to bridge or manage gas tokens. The implementation leverages intents powered by Socket Protocol, allowing solvers to batch bridge transactions. According to ZeroDev CEO Derek Chiang, the system works on a "spend first, repay later" model, where solvers first fulfill a user's intent and later claim the funds from the source chain. ZeroDev also uses the ERC-7579 standard to ensure interoperability across different wallets. A demo of the Magic Account wallet is now live for L2 transactions.
Eigen Labs introduced the EigenLayer Security Model, a redesign for handling slashing events on the protocol. It focuses on three main components: Operator Sets, Total Stake, and Unique Stake. The model weighs votes from both Total and Unique Stakes to increase the cost of attacks while ensuring a slashing penalty for misbehavior. Operator Sets are groups of operators given delegated staked ETH to perform tasks for AVSs. Operators can earn rewards or face penalties based on their performance. Total Stake is the combined ETH delegated to all operators in a set, while Unique Stake is the portion of an operator's ETH that can be slashed if they misbehave. Slashing is not yet live on EigenLayer mainnet.
Zora launched its mobile app for all users, enabling easy onchain onboarding and content posting with just an email address. The app includes a seedless wallet powered by Privy, allowing users to fund their accounts via Apple Pay and publish NFTs for free on Zora Network. Creators can also withdraw funds directly to Coinbase. The app is designed to streamline the minting process, minimizing popups and reducing friction.
Aave Launches Custom EtherFi Pool
Users can now borrow USDC, PayPal USD, and FRAX against weETH collateral on the custom Aave V3 market.
Aave launches a custom EtherFi pool.
Scroll will power EtherFi’s credit card.
ENS Labs releases an update for ENSv2.
Tim Beiko announces EF Protocol Support hires.
Aave governance deployed a custom EtherFi weETH pool instance on Aave V3, allowing users to borrow stablecoins such as USDC, PayPal USD, and FRAX against weETH collateral on Ethereum mainnet. The deployment marks Aave’s second custom market, following last month’s introduction of the Aave V3 Lido market. The custom market enables the Aave DAO to adjust collateralization and interest rate parameters specifically tailored to the isolated market. It supports leverage looping, e-mode, and an isolated market structure, reducing cross-collateral risks from other tokens. The launch aims to enhance liquidity, optimize borrowing, and contribute to Aave’s TVL.
EtherFi announced that it will leverage Scroll's EVM-equivalent ZK Rollup to settle transactions for EtherFi Cash, its new credit card product. The solution allows users to spend and borrow against their EtherFi restaking balances. EtherFi Cash is comprised of a mobile wallet linked to a Visa credit card. Users can either borrow USDC against their EtherFi assets or convert their assets directly into USDC for spending. Visa cards for EtherFi Cash are expected to begin shipping later this month. Currently, EtherFi holds over $5.6 billion in total value locked (TVL), nearly five times that of Scroll, which has $1.1 billion in TVL.
ENS Labs released an update on ENSv2, an upcoming protocol upgrade that will extend the naming service to Layer 2. The team has identified six key criteria for the launch, including EVM compatibility, CCIP-read support, open-source development, the ability to exit to Layer 1, sequencer decentralization, and finality. Currently, there are three potential paths for the L2 expansion: deploying ENS on an existing ZK chain, launching its own instance of a ZK chain using an existing tech stack, or developing a custom zkVM rollup. ENS Labs has ruled out optimistic rollups but is still open to hybrid optimistic and ZK rollup solutions. It is now focused on benchmark testing and seeking funds from the ENS DAO.
Tim Beiko, lead of the ACD calls, announced the Ethereum Foundation's latest Protocol Support hires: Nixo from Ethstaker and Sophia Gold. Both will assist in managing network upgrades, AllCoreDevs calls, the Ethereum Protocol Fellowship, and the Summer of Protocols programs. The new roles will help expand the Protocol Support team's capacity to launch new initiatives.
Ethereum Follow Protocol Testnet Release
Users to sign in with their Ethereum wallet to follow wallets, block wallets, and check their leaderboard rank on testnet.
Ethereum Follow Protocol public testnet.
Aave proposes a GHO integration with BlackRock BUILD.
CFTC enforcement action against Uniswap.
EF plans to release a financial report.
The Ethereum Follow Protocol, a wallet-to-wallet social graph for Ethereum, is now live on testnet and open to all users. The release allows users to sign in with their Ethereum wallet to follow others, block wallets, and check their leaderboard rank. EFP enables users to create and manage follow lists through EFP List NFTs. The protocol integrates data from ENS records, displaying profile information such as profile picture, bio, and social links. Users can also import follow lists from Farcaster and Lens Protocol. The beta release aims to stress test the protocol, and actions taken during the beta will not carry over to the mainnet. Users can also claim an EFP Beta Tester POAP NFT for using the protocol.
A temperature check vote is now live in the Aave DAO for the proposed deployment of a GHO Stability Module (GSM) integrated with BlackRock’s BUIDL fund. The proposal aims to generate additional yield on GHO reserves by reallocating surplus USDC from idle GHO pairings into BlackRock's BUILD, a tokenized fund offering onchain access to U.S. Treasury bills. With over $500 million in issuance, BlackRock's BUIDL fund would expand the Aave DAO’s yield sources into real-world assets. The proposed GSM would facilitate 1:1 swaps between USDC and GHO, using the surplus USDC to mint BUIDL tokens. Voting for the proposal concludes on Monday, September 8th.
Coin Center noted that the CFTC’s recent action against Uniswap Labs, over enabling users to trade leveraged tokens, fails to provide clear guidance or establish a legal precedent regarding which activities trigger regulatory obligations under the Commodity Exchange Act (CEA). Coin Center says it leaves developers uncertain about how to comply with the law. The case raises concerns about potential violations of free speech, as recent enforcement actions have targeted developers for the actions of third parties using their code or front-end interfaces. Uniswap Labs settled the case by paying a $175,000 fine. However, Coin Center pointed out that similar actions against Opyn, 0x, and Deridex did not clarify the CFTC’s regulatory authority.
EF to release a financial report
Solidity & Vyper compiler bug bounty
EIP-7736 state growth solution
Pudgy 1,000 Day Club Soulbound