#918 - LI.FI One-Click wstETH Staking
Users can swap any asset on any supported chain into wstETH in a single transaction.
One-click wstETH staking via LIFI.
Bank of Canada DeFi lending report.
EF stakes 23,000 more ETH.
Revoke Cash extension update.
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Listen to this episode from Ethereum News on Spotify. LI.FI, Chainlink, and Lido launch one-click wstETH staking. The Bank of Canada publishes a DeFi lending report. And the Ethereum Foundation stakes 23,000 ETH from its treasury. Read more: https://ethdaily.io/918 Sponsor: Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield.
](https://open.spotify.com/episode/5ID5KLTjyYjU8MO3KZztHA)
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
LIFI, Chainlink, and Lido have teamed up to introduce one-click, cross-chain staking into wstETH, enabling users to swap any asset on any supported chain into wstETH in a single transaction. LI.FI handles transaction routing and pricing through its API, while Chainlink powers the cross-chain infrastructure via Chainlink CCIP and maintains liquidity balance using Chainlink automation. Lido, the largest liquid staking protocol on Ethereum, stakes the ETH on Ethereum's beacon chain and issues wstETH. Together, the integration delivers a seamless, unified user experience for cross-chain staking. Lido recently hit 100,000 ETH in TVL on its EarnETH DeFi vault, which was launched just 3 weeks ago on March 12. Disclosure: Lido is an ETH Daily sponsor.
The Bank of Canada published a report on DeFi lending, focusing on returns, leverage, and liquidation risk, using Aave V3 as a case study. The report found that earnings are concentrated, with a small number of tokens generating most of the profits, while overall returns remain low but stable due to low operating costs and conservative, overcollateralized lending. The report also highlights that about 20% of borrowing activity comes from recursive leverage strategies. Overall, it characterizes DeFi lending as transparent, automated, and cost-efficient, with risk managed through strict collateral requirements and liquidation mechanisms. The report concludes that lending without traditional intermediaries is technically and operationally viable.
The Ethereum Foundation executed an additional staking deposit of 23,000 ETH from its treasury to the Ethereum Beacon chain as part of its broader goal of staking 70,000 ETH. The addition brings the foundation's current total staked ETH to 47,050 ETH. The staking rewards flow back to the foundation treasury to support Ethereum ecosystem initiatives. The foundation is using minority clients, multiple Beacon and Execution client pairings, and a mix of hosted and self-managed infrastructure across jurisdictions.
Ethereal news weekly #18
Revoke Cash extension update
ZachXBT USDC files
Lido EarnETH hits 100k ETH
ENS referral program
EIP-7702 goes live on Linea
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
#917 - Safenet Beta Launch
A transaction security network designed to protect Safe account activity by enforcing security checks.
Safe launches Safenet Beta.
x402 Foundation under Linux.
OpenCover Covered Vaults.
Circle announces cirBTC.
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Listen to this episode from Ethereum News on Spotify. Safe launches Safenet Beta. x402 Foundation moves under the Linux Foundation. OpenCover introduces Covered Vaults. And Circle announces cirBTC. Read more: https://ethdaily.io/917 Sponsor: Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield.
](https://open.spotify.com/episode/0NsATNluNcdn6U7OrLtshd)
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
Safe launched Safenet Beta, a decentralized transaction security network designed to protect Safe account activity by enforcing security checks before transactions are executed. Safenet works through a network of validators that evaluate proposed transactions against predefined security rules. If a transaction passes, validators issue onchain attestations, which are verified before execution. Transactions that fail the checks are blocked unless users explicitly override them. The system replaces centralized warning tools with protocol-level security enforcement. The beta launch includes six initial validators, such as Gnosis, Safe Labs, and Blockchain Capital, along with features like basic attack protection, a staking interface, and a public attestation explorer. The launch also evolves the SAFE token into a network security asset, allowing validators and delegators to stake SAFE and earn rewards.
Coinbase announced that the x402 Foundation, an initiative to establish the x402 protocol as a universal standard for AI-driven payments, is moving under the Linux Foundation. The shift is intended to ensure vendor-neutral, community-governed oversight of the protocol, with backing from major tech companies including Cloudflare and Stripe. The foundation, established in September 2025, supports x402, an open protocol launched in May 2025 that builds on the HTTP 402 "Payment Required" status code to enable a native payment layer for the web. It facilitates instant, primarily stablecoin-based transactions, along with deferred settlement capabilities.
OpenCover introduced Covered Vaults, a new product for vault-native risk transfer, enabling insurance for vault deposits. It allows users to protect their positions against technical or economic risks by paying a flexible, usage-based premium, without committing to fixed terms. The solution is built on the underwriting infrastructure of Nexus Mutual. Covered Vaults integrates with DeFi protocols like Morpho and Kiln. Users who deposit into existing ERC-4626 vaults can stake their vault shares into Covered Vaults to activate protection. Coverage can be disabled at any time. Initial vaults will be available on Base and OP Mainnet.
Circle unveiled cirBTC, its own version of wrapped Bitcoin backed 1:1 by BTC. The token will initially launch on Ethereum and Circle's Layer-1 blockchain Arc, with plans for multichain support in the future. Circle says cirBTC will be integrated with USDC and Circle Payments. The launch rivals with Coinbase, which introduced its wrapped Bitcoin, cbBTC, in 2024. Skepticism remains around centralized wrapped tokens due to potential censorship risks, as highlighted by USDC, which can be frozen at any time.
Other News
Paragraph launches publish.new
Obol Q1 ecosystem report
Vyper to be formally verified
Geth Keeper performance
Shape takes protocol guild pledge
IMF journal on tokenization
Vitalik on self-sovereign LLM setup
Coinbase conditional OCC charter approval
OpenCover covered vaults
Venice supports x402
OpenAI acquires TBPN
The ETH Daily archive can be purchased as a packaged ZIP file for 2 USDC. ETH Daily remains free on ethdaily.io; this is just a new experimental feature we're testing.
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
#916 - Franklin Crypto Division Introduced
A new division dedicated to institutional-grade digital asset investment management.
Gm frENS, Happy April Fools Day! The news is a bit light today since not many projects make announcements on April 1st.
Franklin Crypto introduced.
L2BEAT lists Aztec Alpha Network.
Base App release on April 9th.
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Listen to this episode from Ethereum News on Spotify. Franklin Templeton introduces Franklin Crypto. L2BEAT adds Aztec as a Stage 1 rollup. And Base App will support all standard web apps. Read more: https://ethdaily.io/916 Sponsor: Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield.
](https://open.spotify.com/episode/79WisMg2rOUHlZ45C9NOMu)
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
Franklin Templeton introduced Franklin Crypto, a new division dedicated to institutional-grade digital asset investment management. The firm is also acquiring crypto investment company 250 Digital to strengthen its capabilities in the space. Part of the deal will be executed using BENJI tokens tied to the Franklin OnChain U.S. Government Money Fund (FOBXX). The move underscores Franklin Templeton's effort to become a leading global digital asset manager, building on its existing $1.8 billion crypto platform and its broader management of over $1.5 trillion in assets.
L2BEAT added Aztec Alpha Network to its L2 tracker as a Stage 1 rollup, noting that its decentralization and censorship resistance more closely resemble Stage 2. Aztec has immutable core contracts, a built-in exit window for users, a permissionless sequencer system, and no security council. In a Stage 1 rollup, only a security council can intervene, whereas a Stage 2 rollup is fully trustless, and no one can interfere with the system. L2BEAT said it classified Aztec as Stage 1 because some critical parameters are still controlled by a DAO, and transaction inclusion delays can reach several days in worst-case scenarios.
Base App, the self-custody wallet from Coinbase, announced that it will support all standard web apps in an upcoming release scheduled for April 9, 2026. Farcaster mini app developers are advised to register their projects on Base.dev, transition authentication from the Farcaster SDK to Sign-In with Ethereum (SIWE), and review their existing Farcaster SDK integrations for compatibility. The move comes as Base App transitions from an onchain social focus to a trading-first experience.
Nethermind v1.36.2 release
Safe presents Private Safes
SEC approves options on crypto commodities
SteakHouse DNS incident update
Circle acquires Liquity
MetaMask TradFi Mode
Ethresearch: SVC upgrade
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.