#956 - Base Azul Goes Live On Mainnet
Base activates Azul on mainnet, Morpho publishes the Midnight whitepaper, Privy launches universal addresses, and Aave Labs secures FCA approval.
Base activates Azul upgrade.
Morpho Midnight whitepaper.
Privy universal deposit addresses,
Aave Labs secures FCA approval in UK.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Base activated Azul, its first standalone network upgrade since departing Optimism's Superchain. The upgrade introduces multiproofs combining TEEs with ZK proofs, a new execution client (base-reth-node), a new consensus client (base-consensus) built on OP Kona, the CLZ opcode, Osaka repricings, and performance improvements scaling the network up to 5,000 TPS. Azul also moves Base closer to Stage 2 decentralization.
Morpho published the whitepaper for Midnight, a fixed-rate lending protocol built around isolated, immutable, permissionless markets with fixed maturities. Midnight implements lending and borrowing through the trading of credit and debt units that settle at maturity, with the implied rate derived from the discount at which units trade. The design eliminates locked liquidity by sourcing funds only at execution, supports single and multi-collateral configurations, and realizes bad debt at liquidation. Morpho also released the Midnight code.
Privy launched universal deposit addresses, a single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain. Privy detects inbound transfers, bridges to the destination chain via Relay, and deposits into the user's wallet. Developers configure the destination chain and token specific to their application, abstracting bridging from end users.
Aave Labs' UK subsidiaries, known as Push, received approval from the Financial Conduct Authority to operate as a registered cryptoasset exchange provider, and authorization under the Electronic Money Regulations to issue electronic money. The approvals enable Aave Labs to build regulated payments infrastructure in the UK, including a planned zero-fee fiat on-ramp that lets users move money from their bank account directly into Aave without leaving the app.
ACDC #179 forkcast summary
Ethereum hits 32% staked ETH
Base Azul uses SP1
Aave v4 hits $100m deposits
Protocol Guild Megapot page
Privacy Pools v2 will be free
Privacy Pools v2 private transfers
DeFi sessions recap
Commit-Boost sidecar charts
Neobank stack prompt site
Fireblocks transaction layer
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
Base Azul Goes Live On Mainnet
Base ships Azul, its first standalone upgrade, introducing multiproofs, a new execution and consensus client, and 5,000 TPS scaling.
Base activated Azul, its first standalone network upgrade since departing Optimism's Superchain, now live on mainnet. The upgrade brings multiproofs, combining Trusted Execution Environments (TEE) with ZK proofs to increase security and prepare for shorter withdrawal times. It also moves Base closer to Stage 2 decentralization.
Also included is the CLZ opcode and Osaka repricings from Ethereum, a new single execution client (base-reth-node), a new consensus client (base-consensus) built on OP Kona, and performance improvements scaling the network up to 5,000 TPS.
Base plans to ship an enshrined token standard, Flashblock access lists, followed by native account abstraction in a future upgrade later this year.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
Base Introduces Multiproofs With Azul Upgrade
Base's first standalone upgrade since leaving the Superchain introduces multiproofs combining TEE and ZK, plus a new client stack built on OP Kona.
Base announced the Azul upgrade, its first standalone network upgrade since departing Optimism's Superchain. The upgrade introduces multiproofs, enhancing security, decentralization, performance, and the overall developer experience. By combining Trusted Execution Environments (TEE) with zero-knowledge (ZK) proving, multiproofs move Base closer to Stage 2 decentralization.
Azul also streamlines the network architecture by consolidating operations onto a single execution client, base-reth-node, alongside a new consensus client, base-consensus, built on OP Kona. The upgrade is already running on testnet, with mainnet activation set for May 13, 2026. Node operators will need to transition to the new client stack ahead of that date.
Base is currently hosting a $250,000 audit competition on Immunefi running through May 4. Looking ahead, the team plans to introduce an enshrined token standard and Flashblock access lists by the end of June, followed by native account abstraction by the end of August.
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.