Polygon PoS Bridge Yield Proposal
A strategy to generate yield using the $1.3 billion in stablecoin reserves held by the Polygon PoS Portal Bridge.
pre-PIP to generate yield on bridge reserves.
CoW DAO goes live on Base.
ZKsync releases its 2025 roadmap.
ELIP-002 for introducing slashing.
Allez Labs, a web3 risk management firm, published a Polygon Improvement Proposal outlining a strategy to generate yield using the $1.3 billion in stablecoin reserves held by the Polygon PoS Portal Bridge. The proposal seeks to gradually deploy the reserves into curated ERC-4626 liquidity pools, generating yield to fund an Ecosystem Incentives Program managed by Yearn. To ensure a conservative approach, DAI reserves will be held in Maker’s sUSDS vault, while USDC and USDT will use Morpho Vaults, curated and risk-managed by Allez Labs, with oversight from the Polygon Protocol Council. The generated yield will be bridged back to Polygon PoS and deposited into Polygon Ecosystem Vaults. The pre-proposal is currently open for community discussion.
CoW Protocol, an MEV-protecting DEX aggregator, is now live on Base as part of its L2 expansion roadmap. The launch features advanced order types on Base, including market, limit, and Time-Weighted Average Price orders. Originally launched in April 2021, CoW Swap leverages a network of solvers to match peer-to-peer orders. Users create intents for their orders through signed offchain messages. The intents are then fulfilled by a competitive network of independent fillers striving to secure optimal prices. Orders are grouped and processed offchain in batches to reduce gas costs. CoW DAO also plans to deploy CoW AMM on Base, introducing features like loss-versus-rebalancing (LVR) protection for LPs.
ZKsync published its 2025 roadmap outlining its plan to create a seamless, scalable, and decentralized Web3 ecosystem. Priorities include achieving EVM bytecode equivalence via BoojumOS for compatibility with Ethereum tools and multi-VM support. User experience enhancements will include biometric authentication, smart accounts, and ultra-low transaction costs of $0.0001. The roadmap targets scalability improvements, aiming for 10,000 TPS and Stage 1 rollup maturity with decentralized sequencing and forced inclusion mechanisms. Privacy will be improved with support for private validiums. Interoperability between public and private ZK chains will unify liquidity and eliminate dependence on third-party bridges.
Balancer V3 Goes Live On Mainnet
The new V3 AMM and fully boosted pool functionality is now live on Ethereum and Gnosis Chain.
Balancer V3 goes live on mainnet.
Treasure launches its L2 on mainnet.
AaveDAO approves PYUSD incentives.
Frax Finance releases its roadmap.
Balancer V3, the latest iteration of the DEX featuring a new AMM and boosted pool architecture, is now live on Ethereum and Gnosis Chain. Balancer V3 introduces several innovations, including a transient accounting system via EIP-1153, re-entrant pool lifecycle hooks, native yield-bearing token support, fully boosted pools, and a flexible router design. Balancer V3 shifts core functions such as token management, fees, rate scaling, and liquidity operations, from the pool contracts into a unified vault contract. The unification ensures that all pools adhere to the same standards, maintaining consistent pool states across the protocol. Developers can now create custom pools and users can access boosted liquidity pools on Balancer V3.
Treasure, a gaming-focused rollup coined as the decentralized game console, is now live on mainnet. Treasure is built as an Elastic Chain on the ZK Stack, featuring a seamless UX, sponsored transactions, and access to unified accounts. Users can now bridge their assets from Ethereum and Arbitrum to Treasure. MAGIC, Treasure's native token, will be used for fee payments and underpinning the network’s economic security. Treasure is hosting a 2-week campaign featuring NFT mints from Treasure games and over 69,420 MAGIC in prizes to commemorate the launch. Treasure was previously the largest gaming ecosystem on Arbitrum.
The AaveDAO approved an incentive program for PayPal's PYUSD stablecoin. Eligible users will be able to earn an additional 4% APY rewards rate on PYUSD held on Aave v3 on Ethereum. The program also includes co-incentives on PYUSD and GHO liquidity. PYUSD is a dollar-denominated stablecoin backed by dollar deposits and short-term U.S. Treasuries and is issued by Paxos, a trust company under the regulatory oversight of the New York State Department of Financial Services. According to data from Coingecko, PYUSD's market cap stands at approximately $540 million.
Frax Vision roadmap
Aragon shares modular thesis
Base gas target is now 18 Mgas/s
Tips for changing gas limit
Sprinter acquired project Blanc
Farcaster adds threads
Eco launches Routes
Solo introduces Solo Chain
Extended perps launch
Fuel Introduces FUEL Token
$FUEL is expected to launch in the coming weeks and will be used to secure the network’s decentralized sequencer through staking.
Fuel introduces its FUEL token.
Synthetix acquires the TLX protocol.
Superstate introduces mint and redeem.
Spark deploys $100m in liquidity on Base.
Fuel, an Ethereum Layer 2 Optimistic Rollup, introduced FUEL, its native ERC-20 token on Ethereum. FUEL secures the network’s decentralized sequencer and eliminates user gas fees via an Application Specific Sequencing model. Leveraging Tendermint-based Proof-of-Stake, FUEL decentralizes sequencing, allowing users to earn staking rewards for securing the network. With a total supply of 10 billion tokens, 20% is allocated to the Fuel community, including early participants in the Fuel Points Program. The launch of $FUEL is anticipated within two weeks. Fuel’s parallel transaction execution engine delivers high throughput and scalability, while its architecture allows anyone to operate nodes using consumer-grade hardware.
Synthetix successfully acquired TLX, a leveraged token protocol, at an implied valuation of $4 million. The acquisition is part of Synthetix’s strategy to expand into structured vault products. TLX token holders can convert their tokens into SNX at an 18:1 ratio, subject to a vesting period. It marks Synthetix’s second acquisition and its first directly owned, revenue-generating consumer product. The TLX governance council will dissolve, with responsibilities transitioning to the Spartan Council, while the TLX treasury will be merged into Synthetix’s treasury. Synthetix plans to audit TLX products, optimize implementation parameters, and prepare for deployment on Base. A leveraged token incentive program will also be launched in early 2025.
Superstate, a Real World Assets protocol, introduced new functionality for minting and redeeming USTB, its tokenized treasury fund. Investors can now mint USTB using USDC in a single transaction or redeem USTB for USDC instantly. While there are no limits on minting, redemption liquidity is initially capped at $10 million. The upgrade builds on Superstate’s previous Continuous Pricing feature, which calculates USTB’s price continuously, updating every second. To support the functionality, the protocol leverages a custom onchain oracle that continuously updates USTB’s Net Asset Value per Share (NAV/S), enhancing DeFi composability. The USTB fund has close to $100 million in TVL.
ACDC #147 agenda
Spark deployed $100m in liquidity to Base
EigenLayer user testing program
Optimism releases RF6 results
Coinbase Diamond integrates Chainlink
Arbitrum Stylus Sprint ends soon
DWF launches $20m AI fund
Wintermute seeks FLUID loan
ENS reimbursement of eth.limo
eric.eth’s structure for EF/community