Basenames Dutch Auction
Base revealed that Base.eth subnames go live via a 36-hour Dutch auction starting on August 20th.
Basenames is launching via Dutch auction.
Dune Analytics enables NFT mints for Dune charts.
Hardhat releases a development update.
Optimism Retro Funding 5 goes live this week.
Base revealed that access for its Base.eth subnames will open on Tuesday, August 20th. The domain names will be available through a Dutch auction sale with a gradually decreasing premium fee over the first 36 hours. The premium fee will start at 100 ETH, decreasing to 0.39 ETH over the first 12 hours. Once the Dutch auction ends, no premium fee will be applied. Base initially introduced Basenames to a limited group of users during Base Camp in July. Basenames are third-level domains based on the Base.eth second-level ENS domain. Users can currently search for Base.eth subname availability at base.org/names.
Dune Analytics, a platform for querying blockchain data using SQL, introduced "Mint Moment," a feature that allows users to mint and collect Dune charts as NFTs on Base. The feature is facilitated by an integration with Zora, enabling protocol rewards for users and Dune builders. Users can capture significant moments in time as NFTs, such as TVL, volume, and transaction milestones. The initiative creates a new revenue stream for Dune creators, who earn a 0.000333 ETH fee for each mint originating from their dashboards. Dune wizards need to connect their wallets to their accounts to enable minting.
Ethereum tooling provider Hardhat released an update on the Ethereum Development Runtime (EDR), a Rust-based runtime implementation. EDR allows features like Solidity stack traces and transaction details to be accessed across multiple languages via WASM. The team is working on stabilizing EDR and ensuring compatibility with existing plugins. The team is also preparing for Hardhat 3, the next major release, which will introduce OP Stack simulation support and Solidity testing capabilities. Hardhat is a development environment and task runner for Ethereum smart contracts. It simplifies the process of writing, testing, and debugging contracts written in EVM-compatible languages.
Applications for Optimism’s fifth retroactive funding round will open this Thursday, August 22nd. This round will distribute 8 million OP tokens to contributors to the OP Stack. Eligible projects include Ethereum core contributions, such as clients, OP Stack research and development, and OP Stack tooling. Applications will close on September 5th.
ETH Daily celebrates 2 years
Prague outlook releases
Etherscan adds humanity score card
Devcon sends out speaker acceptances
Katherine Wu becomes ENS Labs COO
OP Retro Funding 5 timeline
Base hits 4m wkly active addresses
EURC hits 50m market cap
Introducing the Obol Portal
Bitwise acquires ETC Group
Clusters private addresses
TLX Epoch 2 Council Elections
Swiss Stake AG requests Curve funding
Coin Center to sue U.S. Treasury
OP Granite Network Upgrade
An update to address security vulnerabilities discovered in the network’s Fault Proof System.
OP Labs proposes Granite Network Upgrade.
Vote to deploy Aave V3 on ZKsync Era.
Chainlink launches VRF support on Base.
Base releases a USDC resource kit.
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OP Labs proposed the Granite Network Upgrade to address security vulnerabilities discovered in the network’s Fault Proof System. The bugs were identified during audits by Spearbit, Cantina, and Code4rena. The upgrade includes L1 smart contract changes and an L2 hardfork to resolve the issues. While user assets are not at risk, OP Labs activated the permissioned fallback mechanism as a precaution. The fallback restricts output proposals to be temporarily handled by the Optimism Foundation. Pending governance approval, the upgrade will go live on September 10th, after which the permissionless system will be restored.
Voting is now open on a proposal to deploy Aave V3 on zkSync Era. If approved, users will be able to deposit USDC, USDT, WETH, wstETH, and ZK as collateral to take out loans. Borrowing and flash loan functionalities will also be enabled for the assets. The loan-to-value (LTV) ratios will range from 71% to 75%, with liquidation thresholds set between 45% and 78%. The ZK token will have an initial supply cap of 18 million, a measure intended to manage risk by limiting the protocol’s exposure to highly volatile assets. Aave also plans to support liquidity mining for ZK, offering depositors a variable APR. Voting on the proposal closes on Tuesday, August 20th.
Chainlink Data Streams and Verifiable Random Functions (VRFs) are now live on Base, providing developers with access to real-time, low-latency market data and secure random number generation. The tools enhance the scalability and speed of applications. Chainlink VRF, already widely used by Ethereum applications like PoolTogether, ensures verifiable random outcomes. Base now supports Chainlink’s full product suite, including CCIP, Functions, Automation, and Proof of Reserve.
Base launched acceptusdc.com, a resource kit designed to help small businesses start accepting USDC for payments. Small businesses can request a "We accept USDC" sticker pack and submit their business to be included in a directory featuring all merchants that already support USDC in their business. The initiative highlights that using USDC reduces fraud and chargeback events.
Arbitrum Approves ARB Staking
The initiative rewards ARB holders who stake and delegate to active voters.
Arbitrum approves a proposal for ARB staking.
MakerDAO disables new WBTC-backed loans.
Eigen Labs employees received ecosystem airdrops.
Ethereum Magicians is looking for forum contributors.
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The ArbitrumDAO approved a temperature check proposal to implement ARB token staking through Tally’s liquid staking token system. The system allows ARB holders to stake and delegate their tokens in exchange for stARB, a liquid receipt token representing their stake. The proposal received 91% approval from over 25,000 voters. The initiative is designed to boost voter participation in the Arbitrum DAO by rewarding ARB holders who stake and delegate to active voters. The rewards will be funded from future surplus sequencer fees. The staking mechanism also aims to protect the Arbitrum DAO from governance attacks by increasing the active voting supply. Arbitrum plans to launch ARB staking by October.
MakerDAO governance approved an executive vote to reduce the WBTC debt ceiling to zero DAI, preventing any new loans backed by WBTC collateral. The Loan-to-Value (LTV) for WBTC was also reduced to 0%. The changes do not affect exiting loans backed by WBTC as the liquidation threshold remains unchanged. The DAI Savings Rate has also been reduced to 6%. The move to disable WBTC borrowing on MakerDAO comes as BitGo, the issuer of WBTC, announced that it is transferring control of the protocol to a joint venture involving BitGo, Justin Sun, and the Tron ecosystem. Aave is also considering limiting WBTC collateral.
EigenLayer confirmed that projects within its ecosystem, such as AltLayer, EtherFi, and Renzo, included Eigen Labs employees in their airdrops. CoinDesk, which first reported the story, unveiled that EigenLayer circulated a list of employee wallet addresses to ecosystem projects. According to CoinDesk's analysis, Eigen Labs employees collectively received $5 million worth of airdrops, with EtherFi providing the largest allocation of 10,490.9 ETHFI per employee. EigenLayer updated its policy back in May to direct any future airdrops to the company rather than to individual employees. Eigen Labs also launched a Protocol Guild-like initiative, allowing airdrops to be streamed to a list of EigenLayer contributors.
Ethereum Magicians, a forum dedicated to EIP and technical discussions within Ethereum, is seeking volunteers to help improve the forum's efficiency and adaptability. The current structure needs enhancements to better organize and highlight AllCoreDevs (ACD) and breakout discussions. Community members are encouraged to contribute to curation, moderation, and submit a new logo design for the forum.