# ETH Daily News: Monday, August 3, 2026 *BlackRock launches two tokenized money market funds, Ethereum protocol sync updates, and POAP winds down.* By [ETH Daily News](https://ethdaily.io) · 2026-08-04 news, 2026, august --- Gm, Happy Monday. After publishing the [1,000th episode](https://ethdaily.io/1000) last week, I've decided to change things up and take a more personal approach to the daily briefing. Moving forward, I am going to use less AI for the writing bit. I am also going to cover things that I find interesting in Ethereum. TogETHer, we can build on and use Ethereum. First, a major thank you to [Specktacular.eth](https://x.com/Specktacularly) for placing the winning bid on our 1/1 NFT last week. [View post on X (2083413069779366251)](https://x.com/ethdaily/status/2083413069779366251) BlackRock Keeps Tokenizing On Ethereum -------------------------------------- The biggest news of the day is that BlackRock [launched](https://www.businesswire.com/news/home/20260803468591/en/BlackRock-Expands-Tokenized-Cash-Platform-with-BSTBL-OnChain-Shares-and-BRSRV) two tokenized money market funds on Ethereum mainnet. The BlackRock Select Treasury Based Liquidity Fund (BSTBL) is a tokenized version of an existing money market fund. BSTBL lives on Ethereum and BNY serves as a transfer agent and tokenization provider. BRSRV is a completely new onchain-native fund that features daily dividend reinvestment and is designed for stablecoin reserve management. BRSRV is multi-chain and uses Securitize as its transfer agent and tokenization provider. Both funds invest in cash, short-term U.S. Treasuries, and overnight repurchase agreements collateralized by U.S Treasuries. BlackRock BUIDL, the first tokenized money market fund from the asset manager, holds over $1 billion in TVL. Ethlabs Focuses On Faster Slots ------------------------------- Ethlabs, the independent Ethereum R&D lab, is [focusing](https://x.com/barnabemonnot/status/2083974773168566766) on enabling faster slots on Ethereum. As a refresher, an Ethereum slot is a 12-second window of time where only one block can be included. There are 32 slots per epoch, meaning each epoch is 6.4 minutes. Ethereum finality is reached every two epochs, which is every 12.8 minutes. In short, if slot times can be reduced, it results in faster transaction confirmation and finality. Rather than waiting 12.8 minutes, DEXs can obtain more frequent price updates, bridges and CEXs can release assets sooner, and users will wait less for transaction processing. Ethlabs says developers are targeting a slot time decrease from 12s to 10s by the Hegotá upgrade, slated for Q3 2027, with further reductions in future upgrades. The Fast Confirmation Rule (FCR) is an update that seeks to provide transaction confirmations in as fast as 1 slot. Notably, FCR doesn't require a hard fork and can be activated locally by Ethereum validators who opt-in for the feature on their consensus layer node. Ethlabs noted that ePBS, a key feature in the Glamsterdam upgrade, will cause an ~11 second latency delay for FCR. Lastly, Ethlabs is following SEC policy updates for natively tokenized equities. Ethereum Protocol Sync ---------------------- The Ethereum Foundation [published](https://x.com/corcoranwill/status/2083313409744130449) its first protocol sync, a new monthly series providing a glimpse into the status of Ethereum upgrades. I highly recommend reading it, but I'll try to sum up part of it: Glamsterdam is on track for mainnet in Q4 2026. Hegotá scoping is underway. The deadline for Hegotá non-headliner EIPs is this Thursday, August 6, 2026. Progress continues on PQ lean consensus. A public spec-frozen testnet (Platåberget) is launching soon for Glamsterdam. Uniswap Earn Product -------------------- Last Friday, Uniswap [launched](https://blog.uniswap.org/earn-is-now-live-on-uniswap) Uniswap Earn, it's first DeFi yield product that uses Morpho lending vaults curated by Gauntlet. Uniswap Earn allows users to deposit USDC, USDT or ETH directly from the Uniswap app. The product only supports deposits from Ethereum mainnet. Gauntlet is the vault curator that manages the yield strategies. According to [Capy Research](https://x.com/Capy_Research/status/2084279784729915477), there is no fee from Uniswap or Morpho, however, Gauntlet does take a fee on the yield of up to 20%. Last month, Aave [launched](https://aave.com/blog/introducing-stable-vaults) Stable Vaults for any app to integrate Aave-powered yield. It also supports ERC-4626 vaults for custom yield strategies. Essentially, we are seeing front ends selling yield by someone else in the back end. It takes some digging to find the risk. If an app selects a vault on a DeFi protocol that is later hacked, the user suffers the loss. The UX improvement is good, but always make sure you understand where the yield is coming from. POAP Winds Down --------------- ![](https://storage.googleapis.com/papyrus_images/a341d950a28a18ef14fe3f422c1a33f0cc6bbef96737fcb0dfc6134bd6c94cc7.png) If you've been to an Ethereum event, you might have run into the guy in the orange suit. [Patricio Worthalter](https://x.com/worthalter/status/2083144703659192366), the founder of Proof of Attendance Protocol (POAP), launched the collectible badge project at Ethereum Denver 2019. The project started as a way to prove in-person event attendance by collecting a unique POAP while at the event. At Ethereum's most notable events, Worthalter would distribute physical POAPs that contained an NFC chip with a link to claim and mint the collectible onchain. Amid high gas fees on Ethereum in the 2017-2021 era, POAP migrated to xDAI, an early EVM-compatible chain that is now known as Gnosis Chain (acquired in 2021). POAP wasn't just for in-person events anymore. It was used for almost anything - a virtual hangout, a milestone, a birthday. It became a pillar of the Ethereum community. Today, POAP co-founder and general manager Isabel Gonzalez [announced](https://x.com/izonline/status/2084273977938080092) the wind down of the protocol after a 5-year journey. She highlighted her learnings, citing customer communities, human connection, and longevity as the important metrics. POAP entered maintenance mode back in March. New POAPs cannot be issued and active development has stopped, however, existing POAPs will live onchain forever. It's an end of an era. Remember Kickback? That was cool too. It was a 2019-era events project where you could commit ETH and claim it back at the event or forfeit it if you didn't attend. Misc News --------- Check out this Glamsterdam [infographic](https://x.com/trent_vanepps/status/2083300509239087145) by Trent showcasing the 10 EIPs scoped for it! Mark [updated](https://x.com/wolovim/status/2084325215589318767) the Forkcast rank tool for Hegotá EIPs. Use it to show which EIPs you support in Hegotá. I learned Robinhood Chain Token Stocks use (ERC-8056). Here's an [explainer](https://x.com/matteoikari/status/2084214346251387053) by Matteoikari. Fake World Assets by Token Works is [enabling token](https://x.com/token_works/status/2084389165786185942) buys on August 4th at 3pm EST. Generally, it's been a rough market for tokens. I find it hard to justify the use case of most, but its good to see new experiments and distribution mechanisms. ETHStrategy [purchased](https://x.com/eth_strategy/status/2084275736266104854) 2520 ETH. Katana CEO is looking for [feedback](https://x.com/mfisher10x/status/2084409832291868939) on integrating ve3,3 into perps. And Octant [announced](https://x.com/julianzawist/status/2083227822974279992) a direction update towards more opinionated funding. * * * 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. --- *Originally published on [ETH Daily News](https://ethdaily.io/eth-daily-news-august-3-2026)*