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February 8, 2024

Dencun Successfully Activates On Holešky

The upgrade was seamless, aside from a minor drop in node participation.

Quick Take

  • Dencun activates on Holešky.

  • EPF Study Group program.

  • RIP-7212 goes live on Polygon Mumbai.

  • EigenLayer reaches $4.5b TVL.


https://castbox.fm/episode/Dencun-Successfully-Activates-On-Hole%C5%A1ky-id4532808-id671107277?country=ca

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This episode is sponsored by Harpie!

harpie.io/ethdaily

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.


Dencun Successfully Activates On Holešky

The Dencun upgrade has been successfully activated on the Holešky testnet, representing the final testnet to undergo the upgrade before it's rolled out on mainnet. The upgrade was initiated at epoch 29696 and finalized within minutes, introducing blobs to the testnet. The upgrade was seamless, aside from a minor drop in node participation. Dencun consists of the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer. The upgrade activates blob transactions, transient storage, and a new BLOBBASEFEE opcode, among other updates. Core developers will select a date for the mainnet activation during tomorrow’s core devs call.

Ethereum Protocol Fellowship Study Group

The Ethereum Foundation launched the Ethereum Protocol Fellowship Study Group (EFPsg), a ten-week program intended to serve as a prerequisite to the Ethereum Protocol Fellowship (EFP). The program seeks to enhance developer onboarding by offering a curriculum on Ethereum's architecture and developmental roadmap. The Ethereum Protocol Fellowship is an annual mentorship program designed to help developers find their role within the realm of core protocol development. Participants in the program gain access to mentors from the core development community and may also qualify for a stipend. The study group will run from February 19th to April 29th.

RIP-7212 Goes Live On Polygon

Rollup Improvement Proposal (RIP) 7212, a rollup standard that introduces a method for secure and economical signature verifications using the secp256r1 elliptic curve, is now live on Polygon's Mumbai testnet. Designed to enhance account abstraction, RIP-7212 significantly reduces the cost of signature verification through widely utilized tools such as WebAuthn. The proposal stands out as the first rollup improvement proposal to be implemented. Rollup Improvement Proposals are proposals are designed for Layer 2s and are cross-rollup compatible. RIP-7212 is also set to launch on zkSync, Optimism, and Kakarot ZKEVM.

EigenLayer Becomes 4th Largest Protocol

EigenLayer has risen to become the fourth-largest protocol on Ethereum in terms of TVL, holding over $4.5 billion in TVL from LST deposits and natively restaked ETH through EigenPods. The increase in coincides with the protocol's recent unpause of LST deposits. The amount of total staked ETH has hit a new all-time high of 30 million ETH, which is 25% of Ethereum’s 120 million ETH supply. The number of Ethereum validators is also approaching 1 million.

Other News

  • Wormhole releases tokenomics

  • Base Jobs Day open for hires

  • L2Beat updates StarkEx explorer

  • Lodestar v1.15.1 release

  • Web3Modal supports wagmi 2.0

  • Fluent Private testnet v2

  • deBridge IaaS goes live


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February 7, 2024

ERC-404 Experimental Token Standard

The standard blends features of ERC-20 and ERC-721.

Quick Take

  • bloXroute builder posts invalid blocks.

  • HAI announces KITE airdrop.

  • ERC-404 experimental token standard.

  • Succinct introduces the Succinct Network.


ERC-404 Experimental Token Standard

A bloXroute builder posts invalid blocks to mainnet. HAI announces its KITE governance token airdrop. Pandora Labs unveils the ERC-404 experimental t...

https://castbox.fm
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Listen on: Apple | Castbox | Spotify | YouTube | Lens


This episode is sponsored by Harpie!

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harpie.io/ethdaily

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.


Invalid Blocks Posted On Ethereum Mainnet

bloXroute's max profit MEV relay encountered an issue, leading to the posting of nine invalid blocks to Ethereum Mainnet. The issue was due to a bug that failed to detect the incorrectly built blocks. The MEV relay did not prompt a demotion of the builder responsible for the improperly formatted blocks, allowing the faulty builder to persist operations. To resolve the issue, bloXroute disabled the builder's ability to make optimistic submissions, a feature that allows verification to be skipped before block submission. Ethereum execution clients rejected the invalid blocks, ensuring they were not added to the chain. The value of the lost blocks amounts to roughly 1 ETH, which bloXroute has committed to paying.

HAI Announces KITE Airdrop

HAI, a multi-collateral RAI fork on Optimism, announced its criteria for the distribution of its KITE governance token. Those eligible for the KITE airdrop include individuals who minted Reflexer’s RAI stablecoin and deposited into Aave, participated in the HAI testnet, or have cast a vote on an Optimism governance proposal with at least 50 OP. The claim period for the KITE token begins on February 12th. Users can sign up as delegates for the KITE DAO, which will be responsible for managing the KITE treasury, adding new collateral types, adjusting stability fees, and setting protocol parameters. HAI is a control-pegged stablecoin initially backed by ETH collateral.

ERC-404 Experimental Token Standard

Pandora Labs released a new Ethereum token standard named ERC-404, blending the features of ERC-20 and ERC-721 standards to facilitate native fractionalization and enhance liquidity for NFTs. The standard features a continuous mint and burn mechanism to support both full and fractionalized token transfers. As the first implementation of ERC-404, Pandora Labs launched a generative collection of 10,000 avatars known as the Replicants. The dual functionality of ERC-404 allows the Replicants to traded on both DEXs as well as NFT marketplaces. ERC-404 is still in an experimental phase and has not undergone auditing. It’s also been described as gas inefficient.

Succinct Introduces Succinct Network

Succinct introduced the Succinct Network, an application-specific blockchain designed for generating ZKPs powered by a unified proof supply chain. Succinct Network provides proof generation infrastructure for ZK-based applications. It features censorship resistance, fast finality, and chain sovereignty. Succinct Network is currently in an alpha phase with a testnet launching in the coming months.

Other News

  • EF academic grants

  • Arbitrum Foundation transparency reports

  • Dymension goes live on mainnet

  • Quest Protocol introduces Boost

  • Introducing the Layer N StateNet

  • Introducing Rollbridge


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February 6, 2024

GoDaddy DNSSEC Interface For ENS

The integration simplifies the process for GoDaddy users to link their DNS to ENS.

Quick Take

  • ENS partners with GoDaddy.

  • EigenLayer opens restaking window.

  • Treasure Chain litepaper.

  • Paths to increasing the block gas limit.


GoDaddy DNSSEC Interface For ENS

ENS partners with GoDaddy. EigenLayer opens its restaking window. Treasure releases the Treasure Chain litepaper. And Ethereum researchers propose pa...

https://castbox.fm
link embed image

Listen on: Apple | Castbox | Spotify | YouTube | Lens


This episode is sponsored by Harpie!

post image
harpie.io/ethdaily

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.


GoDaddy DNSSEC Interface For ENS

Ethereum Name Service (ENS) partnered with GoDaddy to add a user-friendly interface for linking any TLD on the DNS domain registrar to an Ethereum address. The partnership streamlines the process for users with less technical expertise, enabling them to onboard to ENS using their existing DNS domain. The integration uses gasless DNSSEC in the background to import DNS domains into ENS. Without the dedicated UI, users need to manually add a TXT record that contains both the ENS resolver address and their Ethereum wallet. The integration simplifies the process for GoDaddy users to use their DNS for their digital identity on Ethereum.

EigenLayer Opens Restaking Window

The restaking window for LST deposits on EigenLayer is now open through February 9th at 12PM PT. The window also introductes support for Fax's sfrxETH, Mantle's mETH, and the Liquid Collective's LsETH, with no LST deposit caps. There is a 33% cap on restaking points enforced for each LST category. Lido's stETH has already reached its points cap with close to 500,000 stETH in deposits. EigenLayer is among the top 10 largest protocols on Ethereum in terms of TVL, with over $3 billion in LST and native restaking deposits. EigenLayer plans to lift TVL caps and permanently unpause restaking in the coming months.

Treasure Chain Litepaper

TreasureDAO, the leading gaming platform on Arbitrum, published a litepaper outlining Treasure Chain, a rollup chain designed for the Treasure gaming ecosystem. The paper presents a vision and a technical framework for a multi-chain future that encompasses a network of Infinity Chains that settle on the Treasure L2 chain. Treasure aims to operate as a decentralized gaming console, leveraging a rollup-agnostic cross-chain architecture. MAGIC, Treasure's native token, will be used for fee payments and underpinning economic security. A Treasure Chain testnet launch is anticipated by the end of Q1, followed by a targeted mainnet launch in Q3 2024.

Increasing The Block Gas Limit

Toni Wahrstätter, an Ethereum Researcher, together with Vitalik Buterin, published an Ethresear.ch article that explores strategies for increasing the block gas limit. Increasing the block gas limit permits each block to carry more data, thus improving transaction throughput. The article further proposes to raise the cost of nonzero calldata bytes as a means to incentivize the use of blobs for data availability.

Other News

  • Zora now supports Arbitrum

  • Updated Prague/Electra diagram

  • ZKP2P bug discovered

  • Arbitrum Nova daily tx surge

  • Obol Lido DVT testnet update

  • Making sense of Trust Experience

  • Smolrefuel signature swap tool

  • Lilith ZKP generation system


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