Lido Deploys Simple DVT Module
The module allows both solo and community stakers to become Lido Node Operators via Obol DVT clusters
Lido deploys Simple DVT Module on mainnet.
Scroll introduces the Bernoulli upgrade.
OKX launches X Layer on mainnet.
Smoldapp releases Smoldapp V2.
Lido Finance, the leading LST protocol with a 28.89% market share in staking deposits, launched its Simple DVT Module on Ethereum mainnet. The module allows both solo and community stakers to become Lido Node Operators using Obol DVT clusters. Lido has onboarded an initial cohort of 72 net new nodes to its network. According to data from Rated Network, Lido has had 290,000 active validators operated by 36 node operators. Over the coming months, Lido anticipates adding up to 250 new Node Operators. It also plans to roll out a Community Staking Module (CSM) that will offer permissionless access for Node Operators.
Scroll, an EVM-equivalent ZK Rollup, introduced the Bernoulli network upgrade, an update that introduces support for EIP-4844 blob transactions. Data blobs use an independent gas market, providing up to 10x cheaper data availability costs for Scroll. The upgrade will also support the SHA2-256 precompile contract, which makes processing complex operations more efficient. The upgrade is set to go live on April 29th, 2024. Node operators on Scroll are required to update their client software before the hardfork. Scroll plans to further reduce gas fees in a future upgrade, which will introduce data compression enhancements and support for EIP-1559. Scroll is currently the fifth largest ZK-Rollup by TVL.
OKX launched X Layer on mainnet, a ZK-powered Layer 2 network built on Polygon's Chain Development Kit (CDK). The new chain is integrated with the AggLayer, Polygon's unified liquidity layer, allowing for asynchronous transactions across any connected blockchain. The native token for paying gas fees on the X Layer is OKB, the native token of the OKX platform. OKX plans to integrate bridging capabilities to X Layer in its self-custodial wallet. With over $25 billion in user assets, OKX currently ranks as the third largest crypto exchange in terms of 24-hour trading volume.
Smoldapp, a registry of small specialized dapps, introduced the second iteration of its application. Smoldapp provides interfaces for managing token distribution, disposal, and migration. The latest V2 release consolidates the dapps into a unified portal and introduces several new features including a locally stored address book, the capability to send multiple tokens at once, and the ability to disburse tokens in a single transaction.
EigenLayer lifts LST caps
ethOS phone opens regular-orders
Angle launches USDA for all
Resolve ENS names on L2 chains
Canada capital gains tax increase
Arbitrum BOLD Goes Live On Testnet
A dispute resolution protocol featuring interactive fraud proofs.
Arbitrum BOLD goes live on testnet.
Reth AlphaNet open-source release.
Uniswap increases its front-end fee.
Caldera releases a roadmap page.
Arbitrum Bounded Liquidity Delay (BOLD), a dispute resolution protocol featuring interactive fraud proofs, is now live on a public alpha testnet release. BOLD allows anyone to run a validator node, enabling permissionless transaction validation. BOLD protects against delay attacks by implementing a fixed upper limit of 7 days for resolving disputes. Delay attacks occur when malicious actors spend funds to delay the confirmation of transactions. With BOLD, honest validators can collaborate and pool resources to successfully win disputes, even when facing multiple malicious actors. Arbitrum Orbit chains will be able to adopt BOLD by updating their Arbitrum Nitro stack. Offchain Labs plans to launch BOLD on Arbitrum One and Arbitrum Nova mainnet in the Summer of 2024.
Reth AlphaNet, an OP Stack testnet rollup for experimenting with EIPs, is now open-source. Reth AlphaNet supports periodic network resets and features three EIPs, including EIP-3074 for AUTH instructions, EIP-7212 for secp256r1 curve support, and EIP-2537 for BLS12-381 curve operations. Reth AlphaNet aims to surpass performance thresholds of one gigagas per second and address challenges related to state growth. The rollup is built on the Reth SDK and OP Reth execution client. The development roadmap for AlphaNet includes a hosted version on Conduit, distribution of modified Foundry builds, and experimental enhancements in wallet user experience via Rivet.
Uniswap Labs increased its swap fee to 0.25% for transactions made through its front end, except for certain token pairs like stablecoin-to-stablecoin and ETH to WETH swaps. The increase comes as Uniswap Labs received a Wells Notice from the SEC last week, suggesting that the increased revenue could help its position in future legal proceedings. The front-end fee is separate from fees charged by liquidity providers and the yet-to-be-activated Uniswap Protocol Fee switch. Since initiating a 0.15% swap fee on October 16th, Uniswap Labs has accrued about $12 million in total fee revenue. Over the volatile weekend, it generated half a million dollars in daily fee revenue.
Rollup-as-a-Service infrastructure provider Caldera released a roadmap page featuring recent upgrades and upcoming development plans. Caldera already supports testnet rollup deployments using Arbitrum Orbit, OP Stack, ZK, and Polygon CDK tech stacks. Caldera is also working to develop a production-ready version of its self-service platform, which will enable users to deploy custom rollups on mainnet.
Vitalik transfers 100 ETH to Railgun
ePBS bypassing relayer
Hong Kong approves Spot ETFs
SAFE transferability approved
EIP-3074 and the AA roadmap
Notional launches restaking vault
Aligned Layer raises $2.6m
Glo credit card waitlist
Interface releases Farcaster index
EigenLayer Is Removing LST Caps
LST deposits will open on Tuesday, April 16th at 9:00 AM PST.
$878 million in 24hr liquidations.
EigenLayer is removing LST deposit caps.
EspressoSys expands to run on 100 nodes.
Uniswap deploys on Blast.
According to data from Coinglass, over $878 million in cryptocurrency has been liquidated in the past 24 hours. The surge comes amid a market sell-off earlier today, with Bitcoin dropping to a low of $65,000 and Ethereum falling to $3,190. Of the total liquidations, $784 million were from long positions, marking the largest liquidation event since March 5th, which saw just over $1 billion in liquidations. Ethereum's price is down by 8% in the last 24 hours, currently trading at $3,220. The total crypto market cap has fallen by 6.5%, from $2.7 trillion to $2.55 trillion.
EigenLayer announced plans to unpause all Liquid Staking Tokens (LSTs) deposit caps on Tuesday, April 16th at 9:00 AM PST. EigenLayer supports deposits for 12 LSTs. The move follows the completion of a three-phase mainnet launch, which includes support for restakers, operators, and actively validated services. Previously, in February, a 33% cap on restaking points for each LST category was imposed during the last deposit unpause. EigenLayer holds approximately 1.6 million ETH in LST deposits and 2.8 million ETH in native restaking deposits, totaling around 4.4 million ETH. EigenLayer's total value locked (TVL) is over $13.5 billion.
EspressoSys is expanding its network to run on 100 node operators across six continents with its upcoming Cappuccino testnet launch. The testnet features a sequencing marketplace where rollups can auction sequencing slots and a Byzantine Fault Tolerant (BFT) consensus finality layer that guarantees transaction immutability and rapid finalization on Ethereum L1. Set to launch later this month, the Cappuccino testnet will be used to test a decentralized, high-performance sequencing platform. The Espresso sequencer offers shared sequencing services, ensuring data availability and fast transaction finality for rollups.
Uniswap is now live on Blast, marking it as the 9th supported EVM-compatible chain on the DEX. Blast, an optimistic rollup that offers native yield, launched on mainnet in February and currently has a total value locked (TVL) of $1.5 billion, a decrease from the $2.3 billion worth of locked deposits held before its launch. Blast is also preparing for its Token Generation Event (TGE) scheduled for the second quarter of this year.
HK Spot ETH ETF approval
Stack introduces claim frame
Morpho Blue reaches $1b in deposits
PartyDAO supports LP fees
Dan Finlay addresses EIP-3074 concerns
Spark allocates 100m DAI to USDe pool