• Aave introduces Aave 2030

• Aave V4 Unified Liquidity Layer.

• Redstone goes live on mainnet.

• Agora launches its governance platform.

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.

Aave Labs introduced Aave 2030, a comprehensive roadmap for advancing the Aave protocol. The roadmap includes the launch of Aave V4, a Cross-Chain Liquidity Layer (CCLL), the introduction of the Aave Network, the integration of Real World Assets (RWAs) with the GHO stablecoin, and an updated visual brand identity. The proposal outlines a three-year implementation timeline. The strategic plan aims to maintain Aave’s position as the top non-LST DeFi protocol. For the first year, Aave Labs is requesting a budget of 15 million GHO and 25,000 stAAVE to fund development. The completion of the Aave V4 code is targeted for Q2 2025. The proposal is currently in a Temp Check phase and is open for community feedback.

Aave V4 is the newest evolution of the Aave protocol, introducing a Unified Liquidity Layer, a new architecture that centralizes liquidity into a single layer. The design enables Aave to support greater modularity, streamline governance, improve capital efficiency, minimize liquidity fragmentation, and more seamlessly integrate GHO. The upgrade includes Fuzzy-controlled Interest Rates, which automatically adjust based on market demand to optimize efficiency. Aave V4 also introduces Liquidity Premiums that adjust borrowing costs according to the risk associated with a collateral. It will also incorporate Smart Accounts to further enhance the user experience.

Redstone, a gaming-focused L2 network built on the OP Stack, is now live on public mainnet. The launch features a native bridge, a Uniswap v3-based DEX called Redswap and an NFT marketplace called Redstone Market. The network uses chain id 690. Users can now bridge to Restdtone to mint a commemorative launch day NFT. Redstone is designed for ultra-low-cost transactions by using an Alternative Data Availability (Alt-DA). Instead of posting DA to Ethereum L1, Redstone posts a data commitment hash to L1 and maintains its input state offchain. It also features a permissionless challenge system to ensure data integrity and security. Users can now interact with the network through daily quests.

Agora, a governance tooling platform optimized for DAO voting, is now open for general availability. Any DAO or decentralized project can now register to set up its own community governance portal via Agora. The portal features support for delegation, delegate profiles, delegate discovery, and proposal voting. Agora also announced a $5 million funding round led by Haun Ventures. Agora already powers governance portals for Optimism, Uniswap, and NounsDAO.

• EtherFi goes live on Base

• Coinbase services EigenDA

• AltLayer integrates Credential services

• HAI rewards distribution

• Bungee OP Day is tomorrow

• 14k wallets withdrawal from EigenLayer

• Validator graffiti watermarks

Follow us on X, Lens, and Farcaster.

• Etherscan introduces Cards.

• Caldera integrates zkSync’s ZK Stack.

• EtherFi launches a market-neutral vault.

• CZ faces a four-month prison sentence.

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.

Etherscan launched a new feature called Cards on its address pages, offering quick access to specialized information, including claimable airdrops, open token approvals, and input data messages. The claimable airdrops card, powered by Bankless, shows the number of unclaimed airdrops and their estimated value. Users are then directed to the Bankless Claimables site to identify the airdrops. Reputable projects within the Ethereum community can add an Etherscan Card to display specific information about an address directly on the Etherscan explorer. Etherscan Cards are available only for EOAs and not for contract addresses.

Caldera, a rollup-as-a-service provider, introduced support for zkSync's ZK Stack, a framework for launching custom zero-knowledge hyperchains. Hyperchains are zkEVM instances that operate in parallel, settle on Ethereum L1, and connect through a shared bridge. The integration marks Caldera’s first supported ZK Rollup framework. The ZK Stack offers two data availability options, including onchain data with ZK Rollup and offchain data with zkPorter, and supports the use of a project's own tokens for sequencer decentralization. In addition to ZK Stack, Caldera already supports the Arbitrum Orbit and OP Stack frameworks for optimistic rollups.

EtherFi, the leading liquid restaking protocol with $3.7 billion in TVL, launched Liquid Market-Neutral, a new managed DeFi strategy vault designed for stablecoin yield generation. The vault accepts deposits in USDC, USDT, DAI, and USDe, which are then deployed across Aave, Curve Finance, Gearbox Protocol, and Pendle.fi. As the vault's deposits increase, EtherFi intends to expand its yield sources to include Uniswap V3, MorphoLabs Blue, and Balancer positions. Market-Neutral is EtherFi's second vault strategy; its first vault focuses on generating yields from ETH and weETH deposits. The vaults automatically rebalance positions to maintain optimal yield.

A U.S. district judge sentenced Binance founder CZ to four months in prison. The sentence comes from a case initiated by the U.S. Department of Justice, which accused CZ of failing to comply with the Bank Secrecy Act and Know Your Customer (KYC) requirements. Although the DOJ initially sought a three-year sentence, the final decision was considerably less severe. Previously, CZ had used the number 4 to convey a message of ignoring fear, uncertainty, and doubt.

• Defillama airdrop tool

• Renzo $REZ claim goes live

• Ethresearch: Slashing Proofoor

• Mode Airdrop 1 extended

• Roger Ver arrested for tax evasion

• Backed raises $9.5m series A

Follow us on X, Lens, and Farcaster.

• EigenLayer introduces the $EIGEN stakedrop.

• EigenLayer intersubjective forking protocol.

• SEC investigated ETH as a security in 2023.

• Ethereum reaches 1 million active validators.

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.

EigenLayer introduced EIGEN, its protocol token coined as the Universal Intersubjective Work Token.  The total supply of EIGEN is 1.67 billion tokens, with 55% allocated for investors and early contributors, while the remaining 45% is allocated for the community. Of the community's share, 5% is allocated for an initial stakedrop. Restakers on EigenLayer can check their eligibility for the first stakedrop at claims.eigenfoundation.org. The stakedrop is based on a snapshot taken on March 15th. Claiming will go live on May 10th; however, the tokens will initially be non-transferable. Users who have restaked on EigenLayer using complex LRT integrations will need to wait until a later date to claim their tokens Transferability of EIGEN tokens is planned to be enabled after the community has a solid understanding of the new protocol design, once payment and slashing mechanisms go live, and once the community stakedrops are completed. Users will also have the ability to stake their EIGEN tokens.

EigenLayer published a whitepaper introducing its Universal Intersubjective Work Token, a new protocol design that provides social consensus as a service. The system allows for token forking in instances where a majority of stakeholders engage in malicious behavior. It addresses intersubjective faults, which are issues that require subjective consensus among observers. While ETH staking targets objective faults with specific use cases, EIGEN staking is designed for more universal applications, addressing intersubjective faults. The protocol incorporates a dual-token system to mitigate risks linked to forking, including a metering system to assess the costs of switching tokens and a compensation mechanism to safeguard users from losses. The framework is currently open to community input.

Recent court documents reveal that the SEC began probing Ethereum's classification as a security in March 2023. The investigation commenced before a house committee meeting where SEC Chair Gary Gensler was unable to classify Ethereum as either a security or a commodity. The SEC authorized its enforcement staff to issue subpoenas and conduct inquiries into individuals. In 2023, Consensys received three subpoenas demanding detailed information on its Ethereum transactions, acquisitions, and its role in the Ethereum Improvement Proposals relating to the Merge. Consensys complied with the requests, producing an extensive 88,000-page report. Despite cooperating, the SEC escalated its scrutiny by issuing a Wells notice to Consensys.

Ethereum has reached a milestone of 1 million active validators securing the network, the highest number since the Beacon Chain was launched. Currently, 32 million ETH are staked, representing 26% of the total supply of Ethereum, valued at just over $100 billion. The increased amount has led to a reduction in the staking APY to approximately 3.5%.

• ZachXBT: Lazarus Group laundered $200m

• Chainlink introduces VRF v2.5

• Scroll activates Bernoulli upgrade

• Nimbus v24.4.0 release

• Vitalik on highly efficient proofs

• Convex road to singularity update

• Privy x Coinbase Smart Wallet

• EPF study group concludes

• Aevo EIGEN pre-launch

• EIGEN Phase 2 details

Follow us on X, Lens, and Farcaster.