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World Chain Developer Preview

Developers can apply for access to start building and testing their applications on World Chain ahead of a mainnet launch.

Quick Take

  • World Chain launches its developer preview.

  • Fileverse launches dDocs.

  • Superfest 1.5 million OP in incentives.

  • Safe launches a multi-chain gas station.


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World Chain Developer Preview

World Chain, an identity-focused L2 network built on the OP Stack, is now open for developer preview. Developers can apply for access to start building and testing their applications on World Chain ahead of a mainnet launch. Infrastructure providers Alchemy, Elliptic, LayerZero, EAS, and Safe have integrated support for World Chain. The Worldcoin protocol, currently operating on OP Mainnet, will require its user base of 10 million to migrate to World Chain once it’s open for all. World Chain will launch as a Stage 1 rollup with fault proofs and will have a 10MGas per block target with Reth as its execution client. World ID-verified users will receive a gas allowance enabled by the chain’s account abstraction features.

Fileverse Launches dDocs

Onchain file-sharing platform Fileverse launched dDocs.new, a decentralized word processor for peer-to-peer document creation and sharing. Unlike Google Docs, dDocs is privacy-preserving, featuring end-to-end encryption without requiring user accounts, although it offers social login powered by Privy. The platform incorporates ERC-4337 account abstraction, creating a Safe smart wallet for each account. Documents can be shared via links, and content is stored on IPFS, using Pinata Cloud. dDocs, which is open-source, operates entirely within the web browser, is mobile-friendly, and is compatible across devices. The initial v0.1 release includes ENS identity verification and the ability to share documents as Farcaster Frames.

Superfest 1.5 Million OP Incentives

SuperFest, a Superchain DeFi Festival hosted by Optimism, is now live. Users can participate in quests on OP Mainnet, Base, Mode, and Fraxtal to earn a share of 1.5 million OP rewards. The onchain event aims to highlight applications across the Superchain. Users can also claim NFT wristbands based on the chains used. Quests are accessible through a custom front-end developed by Jumper, allowing users to bridge, complete tasks, and claim OP token rewards. Participating applications include Aave, Aerodrome, Morpho, Silo, Uniswap, Kelp, Renzo, Swell, EtherFi, and Lido. The event will continue through the end of August.

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Safe Multi-Chain Gas Station

Smart wallet provider Safe introduced a multi-chain gas station program that allows dapps who utilize Safe's Core SDK, API, or contracts along with the ERC-4337 module to sponsor gas fees on behalf of their users. Starting August 1st, developers can apply for gas credits, with up to $200,000 available for apps on Polygon and up to $50,000 for apps on Gnosis Chain. The implementation uses Pimlico’s ERC-4337 paymaster.

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GOP Platform Policy Includes Crypto

The policy commits to championing innovation by supporting the the right to self-custody and the freedom to transact.

Quick Take

  • GOP adds crypto to its 2024 platform.

  • SSV Network reaches 1 million staked ETH.

  • Celo launches CEL2 on testnet.

  • Asset issuers file amended S-1s.


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GOP Platform Includes Crypto

The Republican Party Platform officially included crypto in its 2024 policy. The policy commits to championing innovation by supporting the right to mine Bitcoin, the right to self-custody, and the freedom to transact without government control. It also opposes the current administration's crypto crackdown and the creation of a Central Bank Digital Currency (CBDC). The GOP's 2024 policy platform has been adopted by the RNC committee, making it the first American political platform to include cryptocurrency. A political party platform outlines the goals and values supported by a party, detailing its viewpoints on various individual topics.

SSV Network Reaches 1 Million ETH

SSV Network now secures over 1 million staked ETH, worth over $3 billion, across its distributed validator network. Since its mainnet launch in December 2023, the network has grown to over 700 node operators, including solo stakers and pooled operators like Lido and EtherFi. SSV Network only takes a 2% commission from operators. SSV Network is a permissionless staking protocol that enables anyone to run a distributed validator node. By splitting validator keys into keyshares and distributing them to multiple nodes, the network enhances Ethereum fault-tolerance and eliminates single points of failure. Stakers can optimize their setups to reduce costs.

Celo Launches Dango Testnet

Celo successfully launched the Dango testnet, the first implementation of its CEL2 layer 2 network built on the OP Stack. The testnet retains all historical data from Celo’s previous testnet, enabling developers to transition their projects to the new network. CEL2 uses EigenDA for data availability, aiming to offer lower transaction fees. The Dango testnet features 2-second block times, increased throughput, 1-block finality, SocialConnect, and fee abstraction with support for ERC-20 tokens as gas payments. Infrastructure providers are working to enable support for the new network. Celo plans to launch the CEL2 network to mainnet as early as Winter 2024.

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VanEck Files Amended Form S-1

VanEck and 21Shares filed amended S-1 forms earlier today, which now await feedback or approval from the SEC. The submission marks the fifth amendment made in the past several weeks. Approval of the Form S-1 filings is required before Spot ETH ETF trading can begin. In total, six asset issuers have updated their S-1s and are awaiting approval, which could be granted by the end of July.

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EIP-7732: Enshrined PBS

The upgrade aims to eliminate the reliance on relayers and middleware software such as MEV Boost for validators.

Quick Take

  • EIP-7732 assigned for ePBS.

  • Obol introduces the Obol Collective.

  • Hyperdrive goes live on mainnet.

  • Uniswap supports ZKsync Era.


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EIP-7732: Enshrined PBS

Ethereum core developers introduced EIP-7732, a formal specification for Enshrined Proposer-Builder Separation (ePBS). EIP-7732 is a consensus layer-only upgrade that decouples execution validation from consensus validation, enshrining PBS directly into Ethereum's consensus layer. PBS refers to the separation of block proposer and builder. EIP-7732 includes changes to the beacon chain, fork choice rules, P2P communication, and allows validators to play the role of builders. Builders are sophisticated actors who construct blocks that extract MEV. The upgrade aims to eliminate the reliance on relayers and middleware software such as MEV Boost for validators. ePBS provides a trust-free exchange between proposers and builders and enables efficient CPU utilization for validators. The implementation features a Payload Timeliness Committee (PTC), where a subset of the attestation committee votes on the timeliness of the builder’s payload release. EIP-7732 is also designed to be compatible with future upgrades, like inclusion lists.

Obol Introduces The Obol Collective

Obol launched the Obol Collective, a consortium of over 50 entities dedicated to the development and adoption of distributed validators (DVs). The participants include staking protocols, client teams, software tools, community projects, and solo node operators. EtherFi and Lido have committed $1.5 billion of stake to be managed by DVs. The Obol Collective will initially oversee Obol’s 1% for Decentralization (1forDS) retroactive fund, which allocates 1% of staking rewards from DVs to projects that enhance Ethereum's decentralization. Obol intends to gradually decentralize the governance of the fund. Distributed validators enhance Ethereum's fault tolerance by mitigating risks associated with client bugs and slashing.

Hyperdrive Goes Live On Mainnet

Element DAO launched its Hyperdrive AMM on Ethereum Mainnet, enabling users to trade fixed and variable interest rates. The initial launch supports 6-month term pools for stETH and sDAI. Users can also deposit liquidity to earn trading fees, variable rates on idle funds, and counter-trade with other traders on the protocol. Hyperdrive aims to enhance capital efficiency and address fragmented liquidity with features like on-demand terms, single-sided liquidity, and continuous liquidity provision. To earn a fixed interest rate, users purchase hyTokens at a discounted rate, which can be redeemed for their full value at maturity or sold at any time at a discount. To earn a variable rate, users pay the fixed rate to the pool and receive capital equivalent to the discount on the hyTokens.

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Uniswap Supports ZKsync Era

The Uniswap front end now supports zkSync Era, enabling users to execute swaps, provide liquidity, and deploy pools on the network. Uniswap V3 contracts were initially deployed on zkSync Era in Q4 of last year and were accessible to end users via an alternative front end by Oku Trade. zkSync Era is an EVM-compatible ZK-Rollup and is the fifth-largest rollup by TVL.

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