Vitalik On Multidimensional Gas Pricing
The model prices each resource, such as computation, storage, and data bandwidth, separately.
Vitalik outlines multidimensional gas pricing.
EspressoSys to support the AggLayer.
EigenDA will support EIGEN staking delegation.
Metal launches an OP Stack L2
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.
Ethereum creator Vitalik Buterin outlined multidimensional gas pricing as a potential solution for pricing resources on Ethereum. Prior to the Dencun upgrade, Ethereum operated under a one-dimensional gas model, where all operations and resources were measured and priced based on computational complexity. In a multidimensional gas model, each resource such as computation, storage, and data bandwidth is priced separately, introducing more efficient resource allocation, better transaction optimization, and improved scalability. Vitalik notes that it does come with complexities, higher development effort, and potential compatibility issues, adding that it's worth exploring more elegant solutions.
EspressoSys is collaborating with Polygon to support the AggLayer on EspressoSys's sequencing marketplace and HotShot fast-finality layer. The AggLayer is a blockchain architecture that unifies liquidity across a network of chains. The EspressoSys sequencing marketplace allows rollups to auction sequencing slots to a shared proposer. The winning proposer gains the ability to curate entities for proposing future blocks on a rollup, thereby benefiting from economic incentives. The collaboration aims to optimize block construction and transaction confirmation speeds for AggLayer rollups, enhancing security, efficiency, and user experience for rollup users.
Claims for EigenLayer's EIGEN token will open at 10 AM PST. Following the claim, users can stake their EIGEN tokens through the EigenLayer web portal. EigenLayer's native data availability solution, EigenDA, will be the first Actively Validated Service (AVS) to accept EIGEN staking delegation. Users will need to delegate their stake to an operator that supports EigenDA. EIGEN, designed as an intersubjective work token, is currently trading at a pre-market price of $8.68 on Aevo.
ACDE #187 Recap
EigenExplorer releases V1 API
Metal launches an OP Stack L2
SEC prevents EXOD listing
Research: Verifiable Compute
Arbitrum proposal for Blackrock BUIDL
Optimism’s Superchain Supports L3s
OP Stack L3s will have support for custom gas tokens and Plasma Mode.
Optimism supports L3s on the Superchain.
Arbitrum launches Stylus V2 on testnet.
Omni introduces Octane.
How to raise Ethereum’s gas limit.
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.
Optimism now supports L3 chains on the Superchain, which is its network of OP Stack chains that have committed to shared upgrades and contribute sequencer revenue to the Optimism Collective. L3s will have access to Retro Funding, airdrops, and developer grants. Optimism is also rolling out custom gas token support for OP Stack L3s. L3s on the OP Stack will also feature Plasma Mode, an alternative data availability (DA) solution that allows chains to choose their preferred DA layer. Redstone is the first OP Stack L2 launched with Plasma Mode. L3 chains offer a more cost-effective solution for rollup deployments as transactions can be settled on an L2.
Offchain Labs rolled out Arbitrum Stylus V2 on the Arbitrum Sepolia testnet. The V2 update features reduced gas fees, smaller contract sizes, improved tooling support, and new system operations. It includes support for transient storage and strengthens security by limiting the types of WASM programs that can be activated. Stylus is a versatile programming environment that enables developers to create applications and smart contracts using WASM. It supports high-level programming languages such as Rust, C, and C++. The Stylus V2 release incorporates a bridge, an RPC, and a block explorer, allowing developers to emulate their applications in production-like environments.
Omni Network, a Layer 1 chain designed to connect Ethereum rollups, launched Octane, a modular EVM framework that enables the integration of various virtual machine architectures. Octane can be used as a decentralized sequencer for rollups deployed on Optimism, Arbitrum, and zkSync. The framework allows Ethereum's execution environments to be coupled with different consensus engines, supporting fast finality, low latency, and high transaction throughput. Octane is now available under the open-source GPL license.
inEVM integration with Arbitrum Orbit
How to raise the gas limit
DODO Chain releases Phase 1
Conduit supports custom gas tokens for OP
Erigon v2.60.0rc1 release
OP concludes Season 5 grants
Lyra Finace LDX snapshot
US House votes to overturn SEC rule
Biden to veto H.J. Res 109
Lagrange raises $12m seed
Genome launches .GNO domains
Vitalik Buterin Proposes EIP-7702
A new standard that allows EOAs to operate as smart contract wallets temporarily during a transaction.
Vitalik Buterin proposes EIP-7702.
Velodrome launches on Mode.
Lyra introduces yield-bearing derivatives.
Sablier supports 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.
Vitalik Buterin introduced EIP-7702 as an alternative to account abstraction EIP-3074. Rather than adding new opcodes, EIP-7702 proposes a new transaction type that allows Externally Owned Accounts (EOAs) to operate as smart contract wallets temporarily during a transaction, with the state of the EOA reverting to its original condition after the transaction. The transaction type under EIP-7702 includes fields for contract_code and a signature. The approach supports the same functionalities as those proposed in EIP-3074, such as batch and sponsored transactions. Although Ethereum core developers previously planned to adopt EIP-3074 in the upcoming Pectra upgrade, EIP-7702 could change development direction as it could better streamline the transition of EOAs into smart contract wallets.
Velodrome Superchain, a MetaDEX aimed at becoming the primary liquidity and trading hub on the Superhain, is now live on Mode Network as part of its beta release. This launch features support for both stable and volatile asset AMM pools. Users can now explore liquidity pools, swap, or open LP positions on Mode. Mode launched its MODE governance token today, which has a fully diluted valuation of $576 million. In the coming days, liquidity providers will earn MODE token incentives. Projects within the Mode ecosystem can also enhance liquidity for their tokens by allocating incentives to gauges. Over the next 30 to 60 days, Velodrome will roll out Velodrome Superchain 1.0, an initial version of the MetaDEX that incorporates VELO rewards and Slipstream liquidity pools.
Lyra Finance introduced a new solution that tokenizes yield-bearing derivatives, focusing initially on basis trade and covered call strategies for Liquid Restaking Tokens (LRTs). The approach enables users to deposit LRTs such as EtherFi’s eETH and Swell’s rswETH to earn yields from ETH funding rates in basis trades and from volatility in options selling. The strategies are packaged into ERC-20 tokens that can further be used across DeFi. In the coming weeks, Lyra plans to release both cash and carry and covered call strategies for LRTs and stETH. Operating as a permissionless options platform, Lyra Finance features smart accounts, cross-margin, and cross-asset collateral, all running on Lyra Chain, which is an OP Stack Layer 2 network.
Token streaming platform Sablier now supports streams on zkSync Era. Sablier enables users to create token streams featuring linear, cliff, timelock, and exponential locking mechanisms. Sablier also supports voting power on Snapshot from tokens that are streaming. Sablier now supports streams on a total of twelve chains