Conduit Supports OP Succinct
OP Stack chains on Conduit can now convert into Type-1 zkEVMs with minimal effort.
Conduit supports OP Succinct.
Insights on local block-building reorg rates.
Base increases its gas target to 12 Mgas/s.
OP seeks retro funding guest voters.
Rollup-as-a-Service provider Conduit now supports OP Succinct technology, enabling custom OP Stack chain deployments to upgrade from optimistic to ZK. With the integration, developers can easily convert new or existing OP Stack chains into Type-1 zkEVMs with minimal effort. OP Succinct leverages Succinct's SP1 prover to validate the State Transition Function (STF), delivering sub-cent transaction fees, fast finality, and reduced transaction proving times. It also significantly shortens the withdrawal delay from seven days to just minutes, while maintaining full EVM equivalence.
Ethereum researcher Toni Wahrstätter published an article on the impact of increasing blob throughput on local block builders. He noted there is a strong community sentiment against sacrificing solo staker participation for linear scaling improvements. Wahrstätter found that solo stakers tend to miss more slots and experience higher rates of block reorgs compared to professional stakers. He also found that local block builders miss more slots than those using MEV-Boost. The article comes amid ongoing debates about the effects of a potential blob base fee increase on bandwidth requirements for home stakers. Wahrstätter raises the question of when the decentralization offered by lower-bandwidth solo stakers outweighs the constraints on Ethereum's scalability.
Base increased its gas target by 1 Mgas/s, bringing the target to 12 Mgas/s as part of a systematic approach to gradually enhance the network’s capacity. The incremental increase is part of a weekly increase commitment with the ultimate goal of reaching 1 Ggas/s. By ramping up the gas target, Base aims to reduce congestion and enable more transactions to be processed within each block.
EtherFi And Renzo Introduce Restaked EIGEN
A liquid version of staked EIGEN that offers access to additional rewards.
EtherFi and Renzo introduce restaked EIGEN.
Applications open for OP retro funding 6.
Automata joins the Superchain.
PoolTogether goes live on Gnosis Chain
EtherFi and Renzo have introduced restaked EIGEN, a liquid version of staked EIGEN that offers access to additional rewards. Users will continue earning staking rewards and programmatic incentives from EigenLayer, as well as extra rewards from the LRT provider. The LRT also streamlines the reward claim process. EtherFi is distributing eEIGEN staking rewards through a new token called LRT², a standardized vault token that consolidates rewards from multiple AVSs into a single token, simplifying claims. Renzo’s ezEIGEN LRT auto-compounds and restakes rewards to maximize efficiency and reduce gas fees. Currently, over 95 million EIGEN are staked on EigenLayer.
Automata Network, a machine attestation layer, announced its plan to deploy as an OP Stack chain with EigenDA for data availability. As part of the Superchain, Automata introduces a comprehensive framework for Trusted Execution Environments (TEEs). Automata’s ATA token will serve as the default gas token on its chain. Automata launched its TEE Prover on Scroll and Linea, with its Multi-Prover AVS already live on EigenLayer Mainnet. To incentivize onchain attestations, Automata is introducing a Gasdrop initiative that offers free gas to verified machines. The project aims to standardize the TEE stack and simplify interactions with onchain machine attestations.
Optimism opened applications for the sixth round of retroactive funding, which will allocate up to 3.5 million OP tokens to projects that have contributed to Superchain Governance. Eligible contributions include governance infrastructure and tooling, governance analytics and performance reports, as well as leadership roles within councils, commissions, and boards. Contributions need to have demonstrated impact between October 2023 and September 2024. Projects unrelated to Optimism governance and individual delegate participation are not eligible for this round. Badgeholders will vote in October, with grants set to be distributed in November. Applications close on October 14th.
Prize savings protocol PoolTogether is now live on Gnosis Chain. Users can deposit WXDAI and POOL tokens into a savings account for a chance to win a share of daily WXDAI prizes. The protocol generates yield on deposits and raffles the interest earned to depositors with winning chances proportional to their average deposit size. Gnosis Chain, previously known as xDAI, is an EVM-compatible chain that uses DAI as its native gas token.
Powdr labs spins out of EF
Devcon announces keynote speakers
DEGEN is coming to Coinbase
Gitcoin GG22 community rounds
EIGEN Token Is Now Transferable
EIGEN is a Universal Intersubjective Work Token that provides social consensus as a service and plays a role in protocol governance.
EIGEN becomes transferable.
Vitalik proposes metrics for Ethereum alignment.
Ethereal proposes a DEX on Ethena.
Arbitrum One reaches a billion transactions.
EIGEN, the native token of the EigenLayer protocol, is now transferable, with a total supply of 1.67 billion and an initial circulating supply of about 200 million EIGEN. EIGEN is a Universal Intersubjective Work Token that provides social consensus as a service and plays a role in protocol governance. It can also be staked to provide economic security for Actively Validated Services (AVSs). Following the unlock, EIGEN traded at an initial price of about $4 and a fully diluted valuation of around $7 billion, according to Coingecko data. EIGEN was initially launched as a non-transferable token on May 10, 2024. The unlock comes after the completion of key milestones, including the activation of AVS rewards on mainnet. Disclosure: ETH Daily received a retroactive airdrop as part of the podcasts category.
Ethereum creator Vitalik Buterin published a new post discussing how to make Ethereum alignment more transparent and measurable. He notes that client teams, researchers, and developers are all working toward their own visions of Ethereum, which can lead to fragmentation. Buterin outlined the concept of Ethereum alignment and proposed metrics to help unify the ecosystem. The alignment metrics encompass values, technology, and economic incentives. The measurable criteria include the use of open-source licenses, adhering to ERC standards, ensuring decentralization and security, and contributing positively to both Ethereum and the broader world.
Ethereal introduced a new Ethena governance proposal for the launch of an integrated decentralized exchange (DEX) for spot and perpetual futures on the upcoming Ethena Network, using USDe as the native asset. The proposal includes a commitment to allocate 15% of future Ethereal governance tokens to circulating ENA holders. The proposal requests that Ethereal be integrated into Ethena’s reserve management system from the start to facilitate spot and futures trading backed by USDe collateral. Ethereal will function as an L3 appchain settling on the Ethena Network. A testnet launch is anticipated in Q4 2024.
Arbitrum One surpassed 1 billion transactions on its Layer 2 network. The achievement comes just three years after the rollup launched to mainnet on August 31, 2021. Arbitrum One remains the leading rollup by total value locked, with over $14 billion in assets. Arbitrum One is currently a Stage One rollup with active fraud proofs but is not yet fully permissionless.
Base block outage post-mortem
GG22 OSS applications
Shape goes live on mainnet
Jerry Brito steps down from CoinCenter
Jesse joins Coinbase exec team
US vs Storm amicus brief