• Thirdweb launches Superchain App Accelerator.

• WalletConnect introduces Email Wallets.

• Applications open for the Summer Of Protocols.

• MakerDAO Endgame kicks off this summer.

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Thirdweb launched the Superchain App Accelerator, a developer fund with $3 million in grants for builders on the Superchain. The initiative aims to enhance onchain user experiences to facilitate smoother onboarding processes. The program will initially distribute $450,000 in gas credits for sponsored transactions on seven OP Stack chains. The program will gradually provide additional credits over time. The credits are intended to cover costs related to transaction fees, deploying smart contracts, creating NFTs, and accessing Thirdweb's tech stack, which includes in-app wallets, account abstraction, and IPFS storage solutions. Developers can apply for grants of up to $200,000.

WalletConnect introduced Email Wallets, a new wallet onboarding solution within its Web3Modal SDK. Email Wallets offer instant wallet creation linked to email addresses with password-free security and 2-factor authentication. Users have the option to transition their email wallet to a self-custody wallet. Web3Modal a feature-rich SDK for connecting wallets to dapps that also supports ENS resolution and injected wallets. The integration allows users to access multiple dapps with the same email wallet. Initial dapps that support sign-in with email via Web3Modal include Peanut Protocol, Moso, and Oku Trade.

The Summer of Protocols (SoP) is returning for a second cohort, inviting applications for a four-month program dedicated to research and development in the realm of protocols. Funded by the Ethereum Foundation, this year's iteration is segmented into three tracks. Firstly, the Protocol Improvement Grants (PIGs) track is offering grants of $90,000 each to five teams of two individuals. Secondly, the Protocol PILL Challenge aims to promote protocol literacy through popular media, providing 20 creative grants of $1,000 each. The third track, the Partner Program, seeks collaborations with institutions through specialized workshops. A town hall is scheduled for March 20th with the deadline for applications set for April 12th.

Rune Christensen, the founder of MakerDAO, released the launch strategy for the MakerDAO Endgame, a comprehensive protocol overhaul designed to boost DAI adoption. The first phase will introduce the SubDAO ecosystem, a new website and brand identity, the NewStable and NewGovToken, and the Lockstake Engine (LSE). SubDAOs are independent entities that can leverage MakerDAO infrastructure to their advantage. The introduction of NewGovToken will redenominate the MKR token at a ratio of 1 to 24,000. The LSE will offer rewards for the long-term locking of governance tokens. The first phase of the MakerDAO Endgame is planned for the summer of 2024.

• L2Beat DA dashboard

• EtherFI announces ETHFI

• LlamaLend goes live on Curve

• Snapshot supports Linea

• Base bridge maintenance on March 20th

• MetaMask tests payments with Mastercard

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• Gnosis Chain activates Dencun.

• Stack launches an L3 chain on Base.

• Optimism We Love The Art winners.

• Delivery At Dawn short film premiere.

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The Dencun upgrade has successfully activated on Gnosis Chain mainnet, bringing Type 3 blob transactions to the Ethereum sister chain. The new transaction type can now be executed on Gnosis Chain, with blob.fm being among the initial applications to leverage blobs, showcasing new use cases that are now possible. Blobs are part of EIP-4844, also known as Proto Danksharding, marking an initial step towards full data sharding on Ethereum. Blobs are designed to reduce data availability costs for rollups, leading to lower transaction fees and reduced storage requiremnts. The Dencun upgrade will activate on Ethereum mainnet this Wednesday, March 13.

Stack, a loyalty points management platform, introduced the mainnet launch of its points chain. Stack is a L3 chain, which operates atop Base using the OP Stack framework. It provides a scalable and low-cost solution for the execution of onchain point transactions. The chain was deployed through rollup-as-a-service provider Conduit. Stack introduces a specialized points protocol, consisting of a Solidity smart contract crafted to facilitate the creation and management of point systems. The protocol is integrated with Stack's user interface and software development kits. Stack successfully secured a $3 million seed investment for its points infrastructure platform.

Optimism revealed the winners of its We Love The Art contest, awarding 1.2 million OP tokens among 68 distinguished artists. Receiving more than 7,000 submissions across AI, one-of-one, generative, and music categories, the competition marks one of the largest globally-accessible art contests. Eight artists secured the top prize of 50,000 OP tokens, currently valued at about $225,000.

Stateful Works released the premiere of "Delivery At Dawn," an animated short film produced by Nouns, Agora, and The Line, centered on EIP-4844. The film showcases characters from Ethereum ecosystem projects benefiting from proto-danksharding. Users can mint a commemorative NFT on Zora for 0.004844 ETH, with the proceeds allocated towards production costs and supporting the Protocol Guild.

• Wormholde airdrop deep dive

• Starknet introduces a gaming committee

• RARI Chain opens ecosystem grants

• Ethena Shards campaign update

• Coinbase opening brief challenging SEC

• Reth v0.2.0-beta.1 release

• Lodestar v1.17.0 release

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• DAI Savings Rate increase to 15%.

• Gnosis releases 3.0 roadmap.

• Delv releases a Hyperdrive update.

• EspressoSys introduces the Based Espresso.

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MakerDAO governance approved an accelerated proposal to increase the DAI Savings Rate (DSR) to 15%, a 3x leap from its current rate of 5%. The DSR yield is paid by the protocol’s stability fees on Collateral Debt Positions (CDP), in which the new proposal also raises the stability fees for ETH, wstETH, and WBTC collateral types. The APY for borrowing DAI via the Maker’s Spark Lend market will also see an increase to 16%. The proposal is a strategic move to address the volatile market conditions and rising interest rates that have led to a demand shock for DAI. The changes are scheduled for implementation on Sunday, March 10, 2024, at 19:55 UTC.

Gnosis released its Gnosis 3.0 roadmap, a new phase focused on transforming payments and financial infrastructure through a collective of aligned projects interconnected by the GNO token. Gnosis 3.0 shifts from infrastructure to applications that bridge the gap between onchain capabilities and real-world services. Gnosis 3.0 includes ventures such as Gnosis Pay and Gnosis Wallet, focusing on integrating with traditional financial systems. Gnosis began as a prediction market platform in 2015 that later transitioned into building Ethereum infrastructure, including Safe, CoW Protocol, Karpatkey, and Gnosis Chain.

Delv, a fixed and variable yield protocol, shared an update on Hyperdrive, its upcoming AMM designed to enhance capital efficiency and address the issue of fragmented liquidity in the market. Hyperdrive will feature on-demand terms, single-sided liquidity, and continuous liquidity provision. Hyperdrive users will be able to deposit assets for a fixed return, with the ability to sell their position early at the current market rate, deposit for variable yields by covering the fixed rate with an upfront margin payment or partake as a liquidity provider to collect trading fees. Delv is in the process of launching Hyperdrive on testnet.

EspressoSys introduced Based Espresso, a marketplace for auctioning sequencing rights to a shared proposer. Based Espresso allows rollups to auction their sequencing rights to either based rollup, validium, or Ethereum L1 proposers. Rights to shared sequencing include participating in an auction for slots allocated to shared proposers, which in turn selects the entities for proposing the upcoming blocks for rollups, and a shared finality gadget that finalizes the proposed blocks and issues preconfirmations. Proposers who purchase the rights to be a shared proposer benefit from economic incentives such as MEV and arbitrage.

• Kwenta Perps V3 beta launch on Base

• 50% of nodes appear ready for Dencun

• Ethstorage pledges 1% to Protocol Guild

• Arbitrum DAO proposal to help tornado cash legal

• Teku v24.3.0 release

• Fraxtal added to L2 Beat

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