• Vitalik comments on improving decentralization.

• EigenLayer releases an update for EigenPods.

• Lens releases NFT Open Actions.

• Optimism to launch Fault Proofs on mainnet.

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Ethereum creator Vitalik Buterin responded to concerns highlighted by Geth developer Peter Szilagyi about tendencies toward centralizing solutions in Ethereum—such as MEV, pooled staking, and increasing node hardware requirements. Buterin stated that although challenges exist, the issues are being actively addressed. He pointed to the proposer/builder separation and inclusion lists as mechanisms to mitigate validator centralization. For solo staking, advancements like Verkle trees, EIP-4444, and 0x01 withdrawal credentials help reduce entry barriers, Buterin further advocated for continuous innovation, such as type-1 ZK-EVMs that can outsource computation verification, making node operations more accessible.

EigenLayer released an update for EigenPod smart contracts, addressing an issue related to inconsistent accounting. Later this year, EigenLayer will deploy a comprehensive system overhaul, which will introduce checkpoint proofs to enhance the accuracy and efficiency of managing ETH balances. The redesign will feature batched withdrawal claiming to decrease gas costs and allow native restakers to restake consensus and execution layer rewards. The upgrade will be production-ready for Pectra, featuring flexible proving windows. Ethereum validators point their stake to EigenPods to participate in native restaking.

Lens Protocol rolled out NFT Open Actions, powered by Decent, which enables NFT minting from various chains directly on the Lens feed. Leveraging Decent's cross-chain router, users can pay minting costs using tokens from networks like ETH mainnet, Arbitrum, Base, Optimism, Zora Network, and Polygon. Users activate the feature by embedding an NFT URL from supported platforms such as SuperRare, Pods, and Zora into their Lens posts. An additional 5% minting fee is applied to NFTs minted directly on Lens, with the proceeds distributed among the dapp used, the creator, the Lens Treasury, and users who helped amplify the content.

Optimism published a proposal to deploy Fault Proofs on OP mainnet, enabling permissionless validation. Currently, only a permissioned entity processes withdrawals for the network. The activation of Fault Proofs transitions OP Stack chains towards Stage 2 decentralization. The upgrade introduces a dispute game mechanism where invalid ETH and ERC-20 token withdrawals can be challenged and rejected. Optimism governance will vote on the proposal in voting cycle #23a.

• zkSync v24 release this summer

• Decentralizing Farcaster channels

• Gnosis buyback proposal

• Taiko introduces its Raiko multi-prover.

• The U.S. Senate repeals SAB 121.

• PoolTogether launches on Base.

• Base Onchain Summer Buildathon.

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.

Taiko, an EVM-equivalent ZK-Rollup, introduced Raiko, a new multi-prover supporting SP1, Risc0, and SGX processors. The block prover simplifies Zero-Knowledge (ZK) and Trusted Execution Environment (TEE) guest program compilation, block input formation, execution, benchmarking, and monitoring. A multi-prover system strengthens network security by reducing the vulnerability of a single point of failure. Taiko is building a Type 1 ZK-EVM, prioritizing full EVM-equivalence over ZK-proof generation speed. With the continued development of Raiko, Taiko aims to achieve real-time proving of blocks and support for multichain block proofs.

The U.S. Senate voted 60-38 to repeal SEC Staff Accounting Bulletin (SAB) 121, which provides accounting guidance requiring custodians to treat the crypto assets they hold as their own for accounting purposes. The rule requires that custodians of crypto assets, including banks, maintain significant reserves to offset the crypto assets. The rule would notably impact crypto ETF products, which derive their value from the underlying crypto assets. The repeal of SAB-121 is now in the hands of President Biden, who can either sign the repeal or side with the SEC and veto it. The Biden administration previously announced its intention to deny the repeal.

Prize savings protocol PoolTogether is now live on Base mainnet. Users can now deposit USDC, wstETH, cbETH, AERO, and POOL tokens into a savings account for a chance to win a share of daily prizes. The protocol uses deposits to earn a yield on protocols like Aave. The interest earned from user deposits is then raffled to depositors with winning chances weighted by their average deposit size. PoolTogether is also live on Ethereum and OP Mainnet. The protocol released its V5 iteration in October, which eliminated the need for manual prize claims and introduced support for prize vaults backed by ERC-4626 compatible tokens. PoolTogether is currently offering boosted prizes for Base prize vaults over the next 30 days.

Base announced the Onchain Summer Buildathon, a global online hackathon offering 200 ETH in prizes for Base builders. The hackathon starts on May 31st and ends on June 30th, with winners announced on July 16th. The event features eight tracks: payments, discovery, creator, social, gaming, commerce, unplugged, and trading. Each track offers 20 ETH in prizes, with an additional 40 ETH bonus pool for projects using Coinbase tools. Builders can get started by creating their profile on Devfolio.

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• The SDNY arrests MEV-Boost exploiters.

• Cyber launches a social-focused L2.

• Optimism introduces Blockspace Charters.

• Relay now supports swaps across chains.

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.

The U.S. Attorney’s Office for the Southern District of New York arrested two brothers who exploited a vulnerability in MEV-Boost software to extract $25 million from MEV bots. The exploit, which occurred on April 2, 2023, allowed them to counter MEV sandwich-attacking MEV bots, resulting in the bots losing out on their MEV. The case has sparked controversy over why it is considered a crime to exploit MEV bots, while it is acceptable for MEV bots to sandwich attack users. The key issue in this case was the exploiters' use of false validator signatures to carry out the attack. The brothers face up to 20 years in prison if convicted of wire fraud.

Web3 social network platform CyberConnect launched its social-focused L2 chain on mainnet, named Cyber. Built on the OP Stack and launched via the rollup-as-a-service platform AltLayer, the new chain features a beta release for Plasma Mode, an alternative data availability solution designed to enhance scalability and further reduce costs. Users can now bridge to the Cyber and mint a commemorative Cyber New Era NFT. Cyber uses chain ID 7560, named after rollup improvement proposal 7560, The Cyber platform features universal identity CyberProfiles based on ERC-721, programmable and monetizable social interactions, and a self-custodial ERC-4337 compatible wallet.

Optimism introduced the Blockspace Charter, a new technical-focused framework for governing the Superchain. The framework aims to address the fragmentation of varying OP Stack-based chain configurations. A Blockspace Charter consists of technical inclusion criteria, governing policies, and precommitments to future upgrades. A Superchain Registry will outline which chains are part of the Superchain, ensuring transparency and accountability, with a beta registry set to onboard initial chains. Optimism will also implement an improved upgrade proposal process, which will now specify a Blockspace Charter on each upgrade. The first charter, the Standard Rollup Charter, will go live during Season 6 governance.

Relay, an instant liquidity solution for cross-chain bridging, now supports swaps across chains. Users can now swap between eight supported assets across 19 supported chains. By collecting an upfront fee, Relay directs prepaid gas fees to a relayer who executes the subsequent and final withdrawal transactions.

• Worldcoin introduces its SMPC system

• Sonne Finance suffers $20m exploit

• Blast airdrop delayed until June

• Base expands global onramps