- Maple Finance releases Maple 2.0.
- Coinbase releases a token recovery tool.
- Optimism launches Optimist NFTs.
- Phi launches on Polygon Mainnet.
Optimism Highlights 🔴✨
Optimist NFT Beta Launch
Optimism launched a beta release of Optimist NFT, an identity project that allows eligible users to mint a customizable profile picture. The NFTs are designed to represent a user’s identity across the Optimism Ecosystem. The project uses AttestationStation to unlock certain traits for users based on their on-chain activity. AttestationStation is a reputation contract that provides neutral data and qualitative attestations about users. Anyone can write arbitrary attestations about other addresses or read data from the contract to build reputation-based dapps. AttestationStation launched in collaboration with eight protocols, including Guild.xyz.
Maple Finance 2.0 Release
Maple Finance released Maple 2.0, an upgrade to the protocol that introduces a modular smart contract architecture. The new contracts can scale the protocol to handle tens of billions in loans. Updates include the removal of a 30-day capital lock-up., auto-compounding interest, and scheduled and prorated withdrawals. Maple 2.0 also adopts ERC-4626, a tokenized vault standard that allows for interoperability with other protocols using the standard. The protocol plans to onboard a broader range of pool delegates in an effort to diversify lending options. Maple also plans to release an SDK for developers early next year.
Support for Maple Solana will also be discontinued as the protocol reshifts its focus to Ethereum. Maple Finance is a decentralized credit market that allows institutional borrowers to take on undercollateralized loans. Lenders earn yield by depositing assets into Maple pools. The protocol has facilitated over $2 billion in total loans.
Coinbase ERC-20 Token Recovery Tool
Coinbase introduced a self-service asset recovery tool for ERC-20 tokens. The tool allows users to retrieve unsupported ERC-20 tokens that were mistakenly sent to a Coinbase deposit address. To use the tool, users need to enter the transaction ID and the Coinbase wallet address where the assets were lost. The tool currently supports certain ERC-20 tokens on Ethereum. Recovery for assets on other networks is planned to be added at a later date. Apart from gas fees, the tool is free to use for recoveries estimated to be worth less than $100. Coinbase is charging an additional recovery fee of 5% on recoveries worth over $100.
Phi Launches On Polygon Mainnet
Phi, a social gaming metaverse built on ENS, is now live on Polygon Mainnet. ENS domain holders can create personalized web3 worlds using objects that represent on-chain activity. The platform features two components called Phi Quest and Phi Land. Phi Quest rewards users with objects for completing on-chain actions. Phi Land is a builder where users can use their in-game objects to create lands that represent their on-chain identity. Users can link to other lands and can create one land per ENS domain. Users also earn XP points for collecting items. Phi plans to integrate a connected map of lands and communications features in a future release.
ENS Releases Support Docs
Ethereum Name Service (ENS) added support docs to its website. The documents feature FAQs, step-by-step guides, and explainers on the ENS protocol. The ENS DAO also onboarded new members to its MetaGovernance, ENS Ecosystem, and Public Goods working groups. The protocol is planning to deploy ENS V3 in 2023.