#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.
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Ethereum hits 32% staked ETH
Base Azul uses SP1
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DeFi sessions recap
Commit-Boost sidecar charts
Neobank stack prompt site
Fireblocks transaction layer
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Morpho Publishes Midnight Whitepaper
Midnight is a non-custodial fixed-rate lending protocol built around isolated, immutable, permissionlessly created markets with fixed maturities.
Morpho published the whitepaper for Midnight, its non-custodial fixed-rate lending protocol, built around isolated, immutable, permissionlessly created markets with fixed maturities. Midnight implements lending and borrowing through the trading of credit and debt units, akin to zero-coupon bonds, that settle at market maturity. The implied rate is derived from the discount at which units trade, giving users predictable fixed funding costs.
The design eliminates the need for locked liquidity, with funds only sourced at execution time. The solution allows lenders to earn yield across DeFi, and withdraw only when a lending offer is filled. Markets will support single and multi-collateral configurations. The protocol also realizes bad debt at liquidation. Morpho also released the code for Midnight as the new protocol undergoes audits.
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
Optimism Expands Actions SDK
The updated framework adds embedded wallets, lending via Aave and Morpho, swaps via Uniswap and Velodrome, and multi-chain DeFi across the OP Stack.
Optimism expanded its Actions SDK, evolving it from an early developer preview into a more complete framework for embedding DeFi directly into applications. The updated SDK introduces fully integrated onchain financial actions, allowing users to lend, earn yield, swap tokens, and make payments without needing external wallets.
The Actions SDK supports lending through Aave and Morpho, and token swaps via Uniswap and Velodrome, with built-in routing and liquidity handling. A standardized action interface unifies all operations under a consistent structure, reducing integration complexity. The expansion deepens wallet infrastructure, adding embedded wallet integrations via Privy, Turnkey, and Dynamic, with support for EOAs, smart wallets, bundlers, and paymasters. The SDK enables multi-chain DeFi experiences across OP Stack chains.
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