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Frax Launches frxUSD Stablecoin
A stablecoin backed by tokenized U.S. Treasuries from asset managers BlackRock and Superstate.
Frax launches frxUSD & sfrxUSD.
Blockscout smart contracts features.
WalletConnect's first governance proposal.
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Frax Finance launched frxUSD and savings yield sfrxUSD stablecoins on mainnet. The frxUSD stablecoin is backed by tokenized U.S. Treasuries from asset managers BlackRock and Superstate. The legacy FRAX stablecoin will remain functional and can be upgraded to frxUSD at a 1:1 ratio at any time via the Frax front end. Users can stake frxUSD to receive sfrxUSD, a stablecoin designed to offer risk-adjusted savings yield in DeFi. sfrxUSD’s yield strategy integrates treasury yield, CDP lending yield, and carry trade yield. In the coming days, Frax will expand frxUSD to multiple chains, including Ink, Movement, and Sonic.
Blockscout released a revamped user interface along with new features for enhanced smart contract interactions. The update improves codebase navigation, allowing users to seamlessly switch between contract code, compiler details, ABI, and bytecode. The release also consolidates read and write functions into a single list. Additionally, Blockscout now supports custom ABI uploads for more structured interactions. Developers can also submit security audit reports for public verification and open contract code directly in Remix for editing. Users can query data or execute transactions by connecting their wallets to the explorer.
The WalletConnect Network introduced its first governance proposal seeking to replace the previously proposed dual-council structure with a single UX Council. Originally, WalletConnect suggested separate Technical and Partnerships Councils, but the new UX Council will serve as the primary governance body. The UX Council will oversee technical advancements, user experience, and community alignment. Holders of staked WCT (stWCT) tokens can now vote on the Snapshot proposal until February 14, 2025. If approved, a nomination process will follow for electing council members. WalletConnect has powered over 150 million wallet connections across 40,000 apps and 600 wallets.
Certik audited laundering operation
Eigen Games University competition
Story Protocol introduces IP
Pectra Upgrade Scheduled For Testnets
Holešky and Sepolia are scheduled to undergo the upgrade on February 24th and March 5th, respectively.
Pectra upgrade scheduled for testnets.
XMTP goes live on testnet.
Alexey Pertsev granted conditional release.
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Ethereum core developers have scheduled slots for the Pectra upgrade on the Sepolia and Holešky testnets. The activation will first occur on Holešky at slot 3,710,976, expected on Monday, February 24, 2025, at 21:55 UTC. Sepolia’s activation will follow a week later on March 5, 2025. The Ethereum mainnet activation date for Pectra will be decided after the ACDC call on March 6, 2025. The upgrade, which consists of the Prague upgrade on the execution layer and the Electra upgrade on the consensus layer, marks Ethereum’s largest upgrade by the number of EIPs. Among the 11 scheduled EIPs, Pectra will introduce a 2x increase in the target and max blob count per block, along with account abstraction EIP-7702.
XMTP, an open protocol for secure end-to-end encrypted messaging, is now live on testnet. It enables millisecond message delivery via an offchain broadcast network, with consensus maintained by an Arbitrum Orbit chain that settles on Base. XMTP also uses USDC as the native gas token for all transactions on the network. Designed for secure, private, and censorship-resistant communication, XMTP supports a decentralized messaging ecosystem. Leading providers such as Coinbase Wallet, Circle, ENS, a16z Crypto, Alchemy, Faction, and Mask are leveraging XMTP. Node operators can contribute to the network by running an XMTP node.
Alexey Pertsev, a developer who helped write open-source code for Tornado Cash, announced his release from pretrial detention as he prepares to appeal his money laundering conviction. His release is subject to electronic monitoring by Dutch authorities. Pertsev has already spent over a year in custody. In May 2024, Dutch judges sentenced Pertsev to 64 months in prison and initially denied his request for bail.
Lido V3 is coming soon
Introducing zkFOCIL
Built on Ethereum logos
Nethermind ready for Fusaka
EF ESP allocation update
Introducing ICICLE-STWO
EIC04 Winter '25 issue
Coinbase vs FDIC transcript