SAFE Token Transferability Governance Vote
If passed, SAFE tokens will be transferable starting Tuesday, April 23, 2024
Vote to enable SAFE token transferability.
SEC solicits public comment on ETH ETFs.
Ethereum researcher releases EIP-7623 analysis.
OpenZeppelin Defender supports Holesky.
SAFE Token Transferability Governance Vote
A vote to enable SAFE token transferability goes live. The SEC solicits public comment on ETH ETFs. Ethereum researchers release a study on EIP-7623....
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A proposal to make the SAFE governance token transferable is now live on Snapshot. If passed, SAFE tokens will be transferable starting Tuesday, April 23, 2024. SAFE was initially launched as a non-transferable token in September 2022. A prior attempt to enable transferability failed in November 2022 primarily due to uncertainties regarding its purpose and functionality. The latest proposal follows the achievement of all predetermined milestones, such as the ratification of the constitution, establishment of a governance framework, and approval of a token utility proposal. Two other SafeDAO proposals are also live for voting, including the proposed appointment of Karpatkey as the treasury manager. Voting concludes on April 14th.
The SEC published a notice detailing a proposal to list and trade the Grayscale Ethereum Trust as an exchange-traded product (ETP). The document covers the procedural milestones necessary to initiate trading, including the initial proposal, a period for public comments, the SEC's review process, and a subsequent amendment. The SEC is currently accepting public comments on various Ethereum ETF applications. The SEC has a decision deadline on May 23rd for VanEck's Ethereum ETF proposal. Other asset management firms such as Fidelity, BlackRock, and Bitwise also have Ethereum ETF proposal deadlines in the coming months.
Ethereum researcher Toni Wahrstätter released a study on EIP-7623, a proposal seeking to raise the gas cost for calldata in Ethereum transactions used for data availability purposes. By setting a baseline gas price of 48 for non-zero bytes and 12 for zero bytes within calldata, EIP-7623 aims to reduce the maximum block size from 3.5 MiB to approximately 1.9 MiB. Wahrstätter's research highlights a decreasing trend in Execution Layer (EL) payload sizes, indicating that the existing maximum block capacity is higher than necessary. The study observes that the average block size has quadrupled following the implementation of EIP-4844, jumping from an earlier average of 125 KiB. EIP-7623 aims to close the gap between the potential maximum and the average block size on the network.
OpenZeppelin’s Defender security platform now supports contracts on the Holesky testnet. OpenZeppelin Defender allows developers to integrate security tools, smart contract operations, and automate actions directly within their applications. The platform safeguards deployed contracts against known risk parameters and features a Code Inspector that automatically identifies and flags vulnerabilities.
Clave opens for waitlist members
Den supports recurring Safe transactions
Rocket Pool reopens for deposits
Circle launches USDC grants program
Reth beta.5 release
Solidity Developer Survey results
Applications open for GG20
Pirsma Finance unpause proposal
Chaos Labs launches Risk Oracles
Kelp launching on Scroll
Aave Proposal To Remove DAI As Collateral
The proposal is in response to MakerDAO's rapid expansion of its DAI credit facility to a potential 1 billion DAI.
Aave proposal to remove DAI as collateral.
Arbitrum proposal to activate Stylus.
Blobstream goes live on Arbitrum One.
Glo Dollar 2.0 philanthropic stablecoin.
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Aave contributor Marc Zeller put forward a governance proposal seeking to reduce the Loan-to-Value (LTV) ratio for DAI to 0% on all Aave deployments. The action is in response to MakerDAO's rapid expansion of its DAI credit facility to a potential 1 billion DAI, with plans to allocate 600 million DAI into Ethena's USDe stablecoin. One Aave community member stated that setting the LTV for DAI to 0% could effectively kill Aave's operations on Gnosis. Ethena's USDe stablecoin, which is backed by LSTs and derivative positions, would underpin the allocated DAI. Therefore, any instability in USDe's value could potentially destabilize DAI's peg.
Arbitrum introduced a proposal to activate Arbitrum Stylus on Arbitrum One and Arbitrum Nova mainnets. Stylus is a general-purpose programming environment that supports the use of WASM for writing smart contracts. Stylus supports development in high-level programming languages such as Rust, C, and C++. Stylus also reduces gas costs. Coined as EVM+, Stylus acts as an additive enhancement, ensuring seamless compatibility between Stylus and existing EVM contracts. Following community approval and completion of a security audit, a preliminary vote to activate Stylus initially on Arbitrum Sepolia will go live on Snapshot.
Blobstream is now live on Arbitrum One, allowing developers to deploy Orbit L3 chains that access Celestia for data availability. Blobstream is a one-way data attestation bridge that streams Celestia's DA layer to other chains. Developers can access efficient block space that is independently priced from gas fees on their base chain. The implementation allows L2 and L3 rollups to use Celestia light clients for Data Availability Sampling. Blobstream uses Zero-Knowledge Proofs to authenticate the validity of Celestia block headers for confirmation on targeted EVM chains. The deployment follows last week’s activation of Blobstream on Base.
Philanthropic stablecoin protocol Glo Dollar announced Glo Dollar 2.0, its roadmap toward unlocking billions in stablecoin yield for public goods. Coined as Automatic Public Goods Funding (AutoPGF), yield generated from USDGLO is automatically directed toward public goods initiatives. Glo Dollar’s roadmap includes credit, payroll, and fiat gateway solutions. USDGLO is a USD-pegged stablecoin backed by cash and U.S. Treasuries.
Fhenix FHE coprocessor AVS
Synthetix sUSDe proposal
Coinbase Pay integrated into Web3Modal
ENS March 2024 stats
Tim Beiko on core devs and governance
Silkroad BTC transferred to Coinbase
Vitalik Outlines Next Steps For The Purge
The Purge aims to minimize the storage requirements for validators by eliminating historical blockchain data.
Vitalik outlines the next steps for The Purge.
Prisma Finance proposes a path forward.
OpenSea integrates bridging via Socket.
Maker proposes to allocate 600m DAI to USDe.
Vitalik Outlines Next Steps For The Purge
Vitalik outlines the next steps for The Purge. Prisma Finance proposes a path forward following an exploit. OpenSea integrates bridging via Socket. A...
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Vitalik Buterin outlined the next steps for The Purge, a crucial milestone on Ethereum's roadmap focused on minimizing the storage requirements for validators by discarding obsolete blockchain data. Buterin underscores the activation of EIP-6780 in Dencun, which reduced the complexity associated with the SELFDESTRUCT opcode. Dencun also introduced blob data that does not require indefinite storage. Looking ahead, Buterin emphasizes the need for Ethereum's simplification through measures such as phasing out infrequently used precompiles, implementing the historical data storage EIP-4444, refining the process for log storage, and migrating to the SimpleSerialize (SSZ) format.
Prisma Finance released a governance proposal aimed at conserving funds by proposing the elimination of the weekly protocol-owned liquidity (POL) and reducing the weekly distribution to vePRISMA holders by 50%, from $160,000 to $80,000. The initiative follows a security breach in which $11.6 million in user assets were drained. Prisma Finance has halted borrowing and the flow of new liquidity into its stablecoin protocol. $540,000 remains at risk due to users who have not yet revoked vulnerable token approvals. The attacker, claiming to be acting with whitehat intentions, has demanded a public apology from the Prisma team as a prerequisite for the return of funds
OpenSea now supports a token bridge and swap feature within its NFT marketplace, enabling users to seamlessly transfer assets between seven chains including Ethereum, Arbitrum, Base, Optimism, Zora, and Polygon. The feature supports swaps for ETH, WETH, USDC, MATIC, and DAI and leverages Socket’s liquidity aggregation protocol. While OpenSea can introduce a bridging fee in the future, it is currently offering the bridging service without additional fees. Socket's bridge plugin allows dapp developers to build their own bridge featuring custom widget designs, preset chain selections, approved bridge lists, and selected token lists. This functionality provides access to bridging with minimal coding effort.
Block Analitica member Monet Supply recommended that MakerDAO allocate a total of $600 million DAI across various USDe and sUSDe pools in the Morpho Spark DAI vault. USDe is an overcollateralized stablecoin that offers yield and is backed by stETH and positions in derivatives markets. The recommendation aims to gain exposure to USDe and generate increased revenue.
Rainbow Wallet turns five
5 million users across L2s
CoW Swap I’m Feeling Lucky
Nodeinfra Polygon CDK RaaS provider
Mike Neuder: Issuance Issues
Reward curve with tempered issuance