EIP-7834: Separate Metadata Section For EOF
The proposal seeks to separate metadata from executable bytecode, enhancing source code verification.
Proposal for a separate metadata section for EOF.
The first Quadratic Accelerator round goes live.
Aztec Network Noir 1.0 pre-release.
Snapchain data layer for Farcaster.
Ethereum developers proposed EIP-7834, which introduces a dedicated metadata section within the Ethereum Object Format (EOF) to separate metadata from executable bytecode. The change enhances source code verification, establishes a structured and extensible approach to metadata handling, and eliminates conflicts and runtime issues by ensuring metadata is immutable. The proposal also adds two optional fields to the EOF header to support the metadata section. The Ethereum Object Format (EOF) is a set of EIPs designed to provide an opt-in container for EVM bytecode, enabling improved code validation and support for new features.
The Quadratic Accelerator launched the first round of its fundraising program, featuring a $250,000 matching pool for eight initial projects in the round. Eligible users can contribute to the projects and become stakeholders by receiving a protocol token allocation. Contribution caps have been implemented to ensure fair distribution among participants. The tokens received will remain locked for one year, fostering community-driven token economies. The Quadratic Acceleration Protocol introduces an innovative tokenization mechanism, combining Augmented Bonding Curves (ABC) with Quadratic Funding (QF) to enable equitable token distribution for early-stage projects.
Aztec Network unveiled the pre-release of Noir 1.0, the latest version of its high-level programming language designed for writing zk proofs. Noir streamlines zk application development, prioritizing privacy, developer accessibility, and versatility. With its Rust-inspired syntax, Noir features a rich type system and modern control flow. Noir also supports multiple proof systems and is already used to power over 600 projects. Aztec Network, the privacy-focused protocol behind Noir, enables private, client-side smart contract execution with public verifiability. The full release of Noir 1.0 is expected in the coming year, progressing towards the mainnet launch of Aztec Network.
Farcaster builder Varun Srinivasan introduced Snapchain, a high-performance data layer for Farcaster, designed to synchronize apps seamlessly. Snapchain is built in Rust and delivers throughput exceeding 10,000 transactions per second (TPS), with the capacity to support millions of daily users. Offering unlimited transactions for a fixed yearly fee, Snapchain eliminates the friction of micro-fees. Currently in its alpha release, Snapchain is targeting a full launch in Q1 2025.
3Jane Introduces A Credit Market Protocol
A credit-based money market protocol built on Base that enables users to borrow based on their creditworthiness and future yield.
3Jane introduces its credit market protocol.
Safe{Pass} launches its first airdrop claim.
Base funds a full audit for the Solady library.
Pectra scope finalization updates.
3Jane introduced its credit-based money market protocol built on Base, offering an innovative system for providing trustless lines of credit to crypto users. By integrating both onchain and offchain credit data, the protocol enables users to borrow based on their creditworthiness and future yield, with legal recourse for defaults. The protocol supports "soft collateral," encompassing onchain assets such as ERC-20 tokens and offchain data like FICO scores and Coinbase balances. 3Jane will also feature USD3, a yield-bearing stablecoin backed by a pool of credit lines. 3Jane aims to launch its beta in early Q1 2025, followed by a public release later in Q1.
Safe{Pass} reward claims are now live for first season of the points program with a total of 2.5 million SAFE tokens being distributed to top participants. Rewards were determined by leaderboard rankings, token locking amounts, and participation across partner campaigns. Over 40,000 users participated in the season. Users locked over 70 million SAFE tokens and participated in eight partner campaigns. Eligible users can verify their status and claim rewards through the Safe Governance portal. Each user's rewards are capped at $2,000 in value and are subject to a one-year lock-up period. Eligible users have one year to claim their tokens.
Base, in collaboration with Spearbit and Vectorized.eth, are collaborating to fully audit and enhance the security of Solady, a gas-optimized Solidity library. Vectorized is the developer of the library. The improvements aim to reinforce ecosystem-wide reliability and demonstrate a commitment to supporting open-source public goods. Solady offers a collection of efficient Solidity snippets designed to enhance smart contract performance.
ACDE #201 (Pectra) highlights
Ethereum Interop Forum recap video
Base 24hr volume hits $2.3b
MetaMask mobile supports ETH staking
Ethereum ETFs $428.5m in net flows
Not scaling L1, ETH value accrual flaws
Movement launches mainnet beta
MilkyWay Celestia restaking protocol
Norway gov leaks citizen tax info
Unichain Holocene Network Upgrade
The testnet upgrade introduces Holocene Block Derivation, MIPS Contracts, and EIP-1559 Configurability.
Unichain Holocene Network Upgrade on testnet.
Eigen Labs proposes ELIP-001.
L2Beat supports analytics for EspressoDA.
Devcon publishes SEA highlights.
Unichain, Uniswap's DeFi-focused Layer 2 built on the OP Stack, is scheduled to activate the Holocene Network Upgrade on its testnet on December 18, 2024, at 22:00 UTC. The upgrade introduces Holocene Block Derivation, MIPS Contracts, and EIP-1559 Configurability, designed to improve functionality, performance, and scalability. The Holocene Block Derivation update simplifies the block derivation pipeline, optimizing worst-case performance for the Fault Proof System and improving cross-network interoperability. To ensure compatibility with the upgrade, node operators must update their op-node and op-geth software and properly configure the activation date.
Eigen Labs proposed the first EigenLayer Improvement Proposal (ELIP), which outlines a new Rewards v2 upgrade to the EigenLayer rewards system. The upgrade aims to enhance reward flexibility and utility within the ecosystem, addressing the limitations of the first rewards system. Key enhancements include implementing performance-based retroactive rewards, enabling operators to set custom reward fees for AVSs, introducing tailored programmatic incentives, and supporting gas-efficient claims for stakers and operators in a single transaction. The upgrade is currently under community discussion, with Eigen Labs to test its implementation.
L2Beat added support for analytics tracking for EspressoDA, a three-layer data availability (DA) solution powered by HotShot consensus from Espresso Systems. Live as part of the Espresso Network’s Mainnet 0 release, EspressoDA leverages Verifiable Information Dispersal to deliver enhanced performance and efficiency. Focused on providing Ethereum-level security, EspressoDA optimizes for high throughput, low latency, and bribery resistance. Chains leveraging Espresso for confirmations also have the option to integrate alternative DA solutions if desired. Future upgrades to EspressoDA are planned in early 2025, including transitioning to a proof-of-stake system and performance optimizations.
Devcon SEA highlights
EigenFoundation introduces Protocol Council
Base increases gas target to 16.5 Mgas/s
Bitcoin hits $100,000
Hey migrates to Lens V3
Circle compliance with Canadian market rules
Magic Eden airdrop checker
Namada launches on mainnet