Friend Tech Launches $FRIEND
The Base-native social app quietly released its V2 update alongside its FRIEND token airdrop.
Friend Tech launches its FRIEND token.
$70 million address poisoning attack.
LayerZero launches a self-report sybil program.
EigenDA onboards rollups to mainnet.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Friend Tech, a Base-native social application where users can trade profile-based shares, quietly launched its V2 update alongside its FRIEND token airdrop. Users who accumulated points over the previous eight months are now able to claim FRIEND tokens. FRIEND has a total supply of 72 million and a market cap of $130 million. Following its release, the price of FRIEND dropped to a low of approximately $1 but has since rebounded to around $1.90. Eligible users can instantly claim 10% of their airdrop and must follow at least 10 users and join a Club to unlock the remaining 90%. A Club is a tokenized chatroom featuring a custom price curve. FRIEND is used as the native currency for purchasing Club memberships.
A user lost $70 million from an address poisoning attack. The victim sent 1,155 WBTC to an attacker who spammed the victim’s wallet with a zero-value ETH transfer using an address that looks similar to their own. The attack vector aims to trick the victim into transferring assets to a similar-looking fraudulent address. In this case, the victim fell for the simple attack vector. Etherscan typically makes an effort to hide zero-value token transfers on its block explorer by default. However, some transfers can still slip through the filter. Users are advised to carefully verify addresses and refrain from copying addresses directly from Etherscan.
LayerZero, a cross-chain messaging protocol, launched a self-report program for sybil users as part of its upcoming airdrop. The program rewards sybil users who voluntarily report themselves by granting them 15% of their intended allocation. Sybil users who fail to self-report and are identified by bounty hunters will forfeit their entire token allocation. Users have until May 17th to self-report. LayerZero is expanding the scope of sybil behavior to include more than just sybil factories. The protocol will flag the repetitive use of gas refueling dapps to appear active as sybil activity. LayerZero confirmed that the snapshot for its airdrop was taken on May 1st. LayerZero’s bridging protocol enables dapps to access cross-chain liquidity.
EigenDA, EigenLayer's native data availability solution, is now onboarding rollups onto its mainnet. Although still in beta, the onboarding process is intended to stress test the network's traffic capacity. EigenDA has 115 operators and 400,000 ETH in delegated stake from 42,000 re-stakers. EigenDA is set to be competitive with data blobs and will be production-ready as part of a general availability release in the upcoming months.
ENS turns 7
Reth execution extensions
HAI approves SNX collateral
EIP-5792 info site
Giveth supports donation streams
MakerDAO NewStable explainer
$MODE To Launch May 7th
The initial MODE governance token airdrop will go live on May 7th at 11:00 AM UTC.
MODE token to launch on May 7th.
Paragraph acquires Mirror.
EigenLayer Stakedrop updates.
ENS petitions to challenge a UD patent.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Mode, an L2 network built on the OP Stack, is set to launch its MODE governance token with an initial airdrop on May 7th at 11:00 AM UTC. The token will have a total supply of 10 billion, with 5.5% dedicated to the first of two user airdrops. Airdrop 2 will run frm May 5th until September 6th, distributing another 500 million tokens. 38% of the MODE supply is allocated to investors and core contributors, with 27% allocated to a foundation treasury, and the remaining 35% for end users and developers. Since its launch in January, Mode has amassed over $500 million TVL from 450,000 wallets. Mode features a sequencer fee-sharing module designed to reward developers.
Onchain publishing platform Paragraph announced its acquisition of Mirror, another onchain publishing platform founded in 2020. Colin Armstrong, the founder of Paragraph, will now serve as CEO of both products, while Denis Nazarov, former founder of Mirror, will continue as an advisor. Both Mirror and Paragraph will operate unchanged as separate platforms in the short term. Paragraph plans to seek feedback from writers before merging into a unified onchain publishing platform. Paragraph also secured a $5 million funding round led by Union Square Ventures, aiming to use the capital to expand its team. The parent company of Mirror also raised a $10 million seed round to launch a new social-media-focused Farcaster client named Kiosk.
The Eigen Foundation has updated its initial EIGEN Stakedrop, set to launch next week. The foundation will now allocate 100 extra EIGEN tokens to users who interacted with EigenLayer before April 29th. The increase aims to address high gas costs and increases the previous minimum of 10 EIGEN tokens per wallet. The lock-up period for investors and contributors will now start once EIGEN becomes transferable. While previously stating that transferability would commence following the activation of certain features like slashing and rewards, the foundation now anticipates enabling transferability as soon as September 30th, 2024. Certain operator testnet participants will now be eligible for allocations in Phase 2.
ENS Labs filed a petition with the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent on blockchain domain resolution that was granted to Unstoppable Domains in 2023. The petition is a formal request for the USPTO to reconsider and potentially revoke the patent. Nick Johnson, the founder of ENS, says that the patent is entirely based on open-source technology developed by ENS. Last year ENS sent an open letter to Unstoppable Domains, requesting a legally binding pledge to freely license their patent.
ACDC #133 recap
Base announces Onchain Summer 2
Coinbase reports $1.6 billion in Q1 earnings
LayerZero reveals airdrop snapshot
Plume RWA L2 on Arbitrum Orbit
RISC Zero introduces Steel
Alchemy supports 4337 EntryPoint v0.7
OpScan UserOp explorer
EIP-2537 implement benchmarks
Polygon voter behavior research
Grayscale tokenization report
Wasabi CoinJoin is shutting down
Airstack raises $4m seed
mpDAO launches on Ethereum
Polygon acquires 150k USDGLO
Aave Introduces Aave 2030 Roadmap
A three-year roadmap for advancing the Aave protocol.
Aave introduces Aave 2030
Aave V4 Unified Liquidity Layer.
Redstone goes live on mainnet.
Agora launches its governance platform.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Aave Labs introduced Aave 2030, a comprehensive roadmap for advancing the Aave protocol. The roadmap includes the launch of Aave V4, a Cross-Chain Liquidity Layer (CCLL), the introduction of the Aave Network, the integration of Real World Assets (RWAs) with the GHO stablecoin, and an updated visual brand identity. The proposal outlines a three-year implementation timeline. The strategic plan aims to maintain Aave’s position as the top non-LST DeFi protocol. For the first year, Aave Labs is requesting a budget of 15 million GHO and 25,000 stAAVE to fund development. The completion of the Aave V4 code is targeted for Q2 2025. The proposal is currently in a Temp Check phase and is open for community feedback.
Aave V4 is the newest evolution of the Aave protocol, introducing a Unified Liquidity Layer, a new architecture that centralizes liquidity into a single layer. The design enables Aave to support greater modularity, streamline governance, improve capital efficiency, minimize liquidity fragmentation, and more seamlessly integrate GHO. The upgrade includes Fuzzy-controlled Interest Rates, which automatically adjust based on market demand to optimize efficiency. Aave V4 also introduces Liquidity Premiums that adjust borrowing costs according to the risk associated with a collateral. It will also incorporate Smart Accounts to further enhance the user experience.
Redstone, a gaming-focused L2 network built on the OP Stack, is now live on public mainnet. The launch features a native bridge, a Uniswap v3-based DEX called Redswap and an NFT marketplace called Redstone Market. The network uses chain id 690. Users can now bridge to Restdtone to mint a commemorative launch day NFT. Redstone is designed for ultra-low-cost transactions by using an Alternative Data Availability (Alt-DA). Instead of posting DA to Ethereum L1, Redstone posts a data commitment hash to L1 and maintains its input state offchain. It also features a permissionless challenge system to ensure data integrity and security. Users can now interact with the network through daily quests.
Agora, a governance tooling platform optimized for DAO voting, is now open for general availability. Any DAO or decentralized project can now register to set up its own community governance portal via Agora. The portal features support for delegation, delegate profiles, delegate discovery, and proposal voting. Agora also announced a $5 million funding round led by Haun Ventures. Agora already powers governance portals for Optimism, Uniswap, and NounsDAO.
EtherFi goes live on Base
Coinbase services EigenDA
AltLayer integrates Credential services
HAI rewards distribution
Bungee OP Day is tomorrow
14k wallets withdrawal from EigenLayer
Validator graffiti watermarks