• Polygon introduces a Governance Hub.

• ETH ETF launch expected July 2nd. 

• Infinex craterun farming campaign.

• Uniswap goes live on ZKsync Era.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Polygon introduced the Governance Hub, a new governance portal developed in partnership with DAO tooling provider Aragon. The hub integrates two fundamental aspects of Polygon governance: Protocol Governance and System Smart Contract (SSC) Governance. It will also facilitate the submission and management of Polygon Improvement Proposals (PIPs). A new council will manage the governance of System Smart Contracts, with POL tokenholders having the ability to vote on or veto the council's decisions. The governance hub is currently in development and will be rolled out in phases, featuring iterative enhancements. The hub aims to become the central point for all Polygon upgrades.

Bloomberg analyst Eric Balchunas anticipates that trading for Spot ETH ETFs will commence by Tuesday, July 2nd. He stated that today, SEC staff issued minor comments on the S-1 forms submitted by issuers and requested their return within a week. The Form S-1 filings must be approved before trading can commence. On May 23rd, the SEC gave the green light to 19b-4 filings for eight Spot ETH ETFs. While the approval of S1 forms typically takes weeks to months, Balchunas suggests the agency might expedite approvals before the upcoming holiday weekend. Following the news, ETH's price increased by $100, moving from $3,410 to just over $3,500.

Infinex, a CEX-focused interface for trading Synthetix Perps, launched Craterun, the final phase of its governance farming initiative. This campaign aims to distribute governance power via Patron NFTs to foster community-driven participation. Users holding funds on Infinex will earn crates, which function as raffle tickets, offering a chance to win a portion of $5 million in prizes. Participants from the previous phase will receive a 25% bonus if their assets remain deposited in the new campaign. Infinex is also adding support for ETH and SOL deposits. Founded by Synthetix founder Kain Warwick, Infinex aims to compete with CEXs by prioritizing UX and using smart accounts to minimize friction.

Uniswap is now live on ZKsync Era, marking it as the 10th supported EVM-compatible chain on the DEX. Users can swap and provide liquidity on ZKsync directly through the Uniswap interface. Uniswap is also hosting a quest campaign on Layer3. ZKsync Era, a ZK Rollup, launched on mainnet in March 2023 and currently has a total value locked (TVL) of $728 million. ZKsync is set to launch its native ZK token on Monday, June 17th.

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• Curve founder gets CRV liquidated.

• Zapper introduces Zapper Protocol.

• Beaconcha.in V2 beta dashboard.

• UwU suffers a second exploit.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Curve Founder Michael Egorov faced the liquidation of his CRV-backed loans across several lending protocols. Arkham data reveals that his $140 million in CRV tokens were liquidated across five protocols, resulting in millions in bad debt. Egorov committed to pay back the bad debt in full. CRV's price is down over 20% in the past 24 hours, reaching a low of about $0.24 during the liquidation. Uniswap founder Hayden Adams commented on the event, noting that the liquidation was inevitable and that Egorov “is smart enough to know that.” In July 2023, Egorov sold a substantial amount of CRV in OTC transactions to top up his collateral and prevent a liquidation event at the time. Aave previously adjusted parameters for CRV collateral to prevent the risk of bad debt.

Zapper, a DeFi portfolio aggregator, introduced the Zapper Protocol, a new layer designed to facilitate the interpretation and contextualization of onchain data. The protocol aims to make blockchain data human-readable and accessible. Zapper built indexing templates that standardize the indexing process, allowing anyone to interpret data without requiring coding skills. Zapper released two initial components: Event Interpreters, which convert complex blockchain transactions into readable formats, and Position Interpreters, which add missing positions or balances to addresses. Zapper also introduced $ZAP, its native utility token that will incentivize data interpretations and facilitate payments for data access, set to launch in Q4 2024.

The Beaconcha.in block explorer launched its V2 beta dashboard for tracking validator performance on the Holesky testnet. The new dashboard supports tracking for up to 100,000 validators and provides real-time data, custom validator groups, and validator efficiency metrics that evaluate performance based on attestation, block proposal, and sync committee histories. The dashboard also features a slot visualizer and provides a detailed rewards breakdown per epoch. Operators can also generate shareable links for their dashboards.

UwU Lend, a DeFi lending protocol on Ethereum mainnet, has been hit by a second attack, resulting in an additional loss of $3.7 million. UwU suffered an exploit earlier this week that drained $20 million from the protocol. Unlike the first, today’s attack did not stem from an oracle issue. UwU reportedly addressed previous vulnerabilities before unpausing operations. The protocol is now offering a public bounty of $5 million to anyone who can find and identify the exploiter.

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• zkSync adds ZK token FAQs

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• Polygon proposes zkPoS Phase 1.

• WalletConnect launches WalletKit.

• 3DNS introduces Superchain Identity.

• Chainlink CCIP goes live on Gnosis Chain.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Polygon introduced zkPoS Phase 1, a proposal that aims to connect Polygon PoS with the AggLayer. The AggLayer facilitates unified liquidity and security across a network of chains. zkPoS Phase 1 features a new ZK verifier, powered by Succinct Labs' Plonky3 proving system, which enables the AggLayer to validate network consensus. The integration would increase the AggLayer's TVL by more than $2 billion. Polygon plans to propose a formal PIP in the Fall, with plans to deploy the connection between Polygon PoS and the AggLayer by the end of this year. The move is part of a longer-term strategy to transition Polygon PoS into a zkEVM Validium.

WalletConnect launched AppKit and WalletKit, its latest tools designed for integrating wallets into dapps. The release introduces several features such as social-login, one-click authentication, and in-app swaps. The Social Login functionality allows users to access dapps using their existing social media accounts, including Google, Apple, Facebook, X, GitHub, and Discord. The One-Click Auth feature streamlines the login process by enabling users to authenticate with just a single click, merging both the connection and authentication steps into one operation. One-Click Auth is compatible with web, iOS, Android, and React Native as part of WalletKit. Lastly, the Swap feature, powered by 1inch, supports multi-chain token swaps without having to leave the app.

3DNS introduced Superchain Identity, a set of new .super and .chain subdomains under the .Box blockchain-native TLD. The domains are designed to be compatible with both traditional web and onchain web infrastructures, supporting the functionality of ICANN accredited domains. The domains enable users to host websites, manage emails, and create unique onchain identities. Initially, 3DNS is offering .super.box and .chain.box subdomains for registration at $5 per year. Looking ahead, the project plans to bid for the .super and .chain Top-Level Domains in the upcoming ICANN auctions. Superchain Identity domains will be built on Optimism's OP Mainnet.

Chainlink's Cross-Chain Interoperability Protocol (CCIP), a standard for creating cross-chain functionalities using arbitrary messaging, is now live on Gnosis Chain. Alongside CCIP, the launch includes Chainlink Automation, which facilitates the automation of smart contract events through onchain triggers. Gnosis Chain, formerly known as xDAI, is an EVM-compatible sidechain that uses DAI as its native gas token.

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