Synthetix V3 Goes Live On Base
Users can deposit USDC as collateral to the Spartan Council Pool to earn trading fees.
Synthetix V3 goes live on Base.
The ZK Stack supports Valadium Mode.
Lattice deploys Redstone to mainnet.
Form Network introduces its SocialFi L2.
Listen on: Apple | Spotify | Castbox | YouTube
Synthetix V3, the latest iteration of the protocol, is now live on Base mainnet, introducing support for multiple collaterals, cross-margin trading, account-based access controls, and new liquidation mechanisms. Users can deposit a minimum of 100 USDC as collateral to the Spartan Council Pool to earn trading fees. Synthetix is incentivizing liquidity providers with 50,000 USDC monthly and 200,000 SNX spread across 10 weeks. The pool has already seen over 3 million USDC in total deposits. Synthetix Perps V3 is also live on Base and can be accessed through the Kwenta interface. This initial version is marked as experimental and does not yet support the capability to mint stablecoin debt.
The ZK Stack by zkSync now supports Valadium Mode, enabling the capability to handle data availability offchain. The ZK Stack is a modular framework designed for building custom L2 and L3 ZK-powered chains. Developers now choose between ZK Rollup Mode for onchain data or Valadium Mode for offchain data storage. Valadium is a type of scaling solution that uses validity proofs while keeping data offchain for further cost savings. The ZK Stack features account abstraction, data compression, EVM compatibility, and advanced scalability options through shared provers and fractal scaling. The ZK Stack will also support native ERC-20 token deployments.
Gaming studio Lattice deployed its Redstone gaming-focused L2 network to mainnet. Redstone is now available for developer use ahead of a full public release set for May 1. Inspired by Plasma, Redstone is an Alternative Data Availability (Alt-DA) chain built on the OP Stack, designed for ultra-low-cost transactions. Unlike traditional methods, Redstone commits a data hash to L1 but maintains its input state offchain. The chain aims to empower developers to seamlessly create blockchain-based games and autonomous virtual worlds. Eight early adopters are set to deploy on Redstone including Small Brain Games.
Form Network introduced its SocialFi-focused L2 network built on the OP Stack. The network will leverage Celestia for data availability, striving to provide a low-cost and interoperable solution designed for SocialFi creator tokens. Scheduled for a mainnet release in Q2 2024, Form Network also anticipates releasing a native governance token within the year.
Prysm v5.0.3 patch release
Hey supports swaps in feed
Orb supports in-app mints
First retsaked rollup on AltLayer
EtherFi reaches 1m staked ETH
Decent introduces V2
ACDC #131 Recap
EDCON 2024 in Tokyo on July 26th
Blobscriptions fizzle out
Ethena bug bounty program
Gasless ENS voting on Tally
SAFE Token Transferability Governance Vote
If passed, SAFE tokens will be transferable starting Tuesday, April 23, 2024
Vote to enable SAFE token transferability.
SEC solicits public comment on ETH ETFs.
Ethereum researcher releases EIP-7623 analysis.
OpenZeppelin Defender supports Holesky.
SAFE Token Transferability Governance Vote
A vote to enable SAFE token transferability goes live. The SEC solicits public comment on ETH ETFs. Ethereum researchers release a study on EIP-7623....
Listen on: Apple | Castbox | Spotify | YouTube | Lens
A proposal to make the SAFE governance token transferable is now live on Snapshot. If passed, SAFE tokens will be transferable starting Tuesday, April 23, 2024. SAFE was initially launched as a non-transferable token in September 2022. A prior attempt to enable transferability failed in November 2022 primarily due to uncertainties regarding its purpose and functionality. The latest proposal follows the achievement of all predetermined milestones, such as the ratification of the constitution, establishment of a governance framework, and approval of a token utility proposal. Two other SafeDAO proposals are also live for voting, including the proposed appointment of Karpatkey as the treasury manager. Voting concludes on April 14th.
The SEC published a notice detailing a proposal to list and trade the Grayscale Ethereum Trust as an exchange-traded product (ETP). The document covers the procedural milestones necessary to initiate trading, including the initial proposal, a period for public comments, the SEC's review process, and a subsequent amendment. The SEC is currently accepting public comments on various Ethereum ETF applications. The SEC has a decision deadline on May 23rd for VanEck's Ethereum ETF proposal. Other asset management firms such as Fidelity, BlackRock, and Bitwise also have Ethereum ETF proposal deadlines in the coming months.
Ethereum researcher Toni Wahrstätter released a study on EIP-7623, a proposal seeking to raise the gas cost for calldata in Ethereum transactions used for data availability purposes. By setting a baseline gas price of 48 for non-zero bytes and 12 for zero bytes within calldata, EIP-7623 aims to reduce the maximum block size from 3.5 MiB to approximately 1.9 MiB. Wahrstätter's research highlights a decreasing trend in Execution Layer (EL) payload sizes, indicating that the existing maximum block capacity is higher than necessary. The study observes that the average block size has quadrupled following the implementation of EIP-4844, jumping from an earlier average of 125 KiB. EIP-7623 aims to close the gap between the potential maximum and the average block size on the network.
OpenZeppelin’s Defender security platform now supports contracts on the Holesky testnet. OpenZeppelin Defender allows developers to integrate security tools, smart contract operations, and automate actions directly within their applications. The platform safeguards deployed contracts against known risk parameters and features a Code Inspector that automatically identifies and flags vulnerabilities.
Clave opens for waitlist members
Den supports recurring Safe transactions
Rocket Pool reopens for deposits
Circle launches USDC grants program
Reth beta.5 release
Solidity Developer Survey results
Applications open for GG20
Pirsma Finance unpause proposal
Chaos Labs launches Risk Oracles
Kelp launching on Scroll
Aave Proposal To Remove DAI As Collateral
The proposal is in response to MakerDAO's rapid expansion of its DAI credit facility to a potential 1 billion DAI.
Aave proposal to remove DAI as collateral.
Arbitrum proposal to activate Stylus.
Blobstream goes live on Arbitrum One.
Glo Dollar 2.0 philanthropic stablecoin.
https://castbox.fm/app/castbox/player/id4532808/id688483396?v=8.22.11&autoplay=1?display=iframe
Listen on: Apple | Castbox | Spotify | YouTube | Lens
Aave contributor Marc Zeller put forward a governance proposal seeking to reduce the Loan-to-Value (LTV) ratio for DAI to 0% on all Aave deployments. The action is in response to MakerDAO's rapid expansion of its DAI credit facility to a potential 1 billion DAI, with plans to allocate 600 million DAI into Ethena's USDe stablecoin. One Aave community member stated that setting the LTV for DAI to 0% could effectively kill Aave's operations on Gnosis. Ethena's USDe stablecoin, which is backed by LSTs and derivative positions, would underpin the allocated DAI. Therefore, any instability in USDe's value could potentially destabilize DAI's peg.
Arbitrum introduced a proposal to activate Arbitrum Stylus on Arbitrum One and Arbitrum Nova mainnets. Stylus is a general-purpose programming environment that supports the use of WASM for writing smart contracts. Stylus supports development in high-level programming languages such as Rust, C, and C++. Stylus also reduces gas costs. Coined as EVM+, Stylus acts as an additive enhancement, ensuring seamless compatibility between Stylus and existing EVM contracts. Following community approval and completion of a security audit, a preliminary vote to activate Stylus initially on Arbitrum Sepolia will go live on Snapshot.
Blobstream is now live on Arbitrum One, allowing developers to deploy Orbit L3 chains that access Celestia for data availability. Blobstream is a one-way data attestation bridge that streams Celestia's DA layer to other chains. Developers can access efficient block space that is independently priced from gas fees on their base chain. The implementation allows L2 and L3 rollups to use Celestia light clients for Data Availability Sampling. Blobstream uses Zero-Knowledge Proofs to authenticate the validity of Celestia block headers for confirmation on targeted EVM chains. The deployment follows last week’s activation of Blobstream on Base.
Philanthropic stablecoin protocol Glo Dollar announced Glo Dollar 2.0, its roadmap toward unlocking billions in stablecoin yield for public goods. Coined as Automatic Public Goods Funding (AutoPGF), yield generated from USDGLO is automatically directed toward public goods initiatives. Glo Dollar’s roadmap includes credit, payroll, and fiat gateway solutions. USDGLO is a USD-pegged stablecoin backed by cash and U.S. Treasuries.
Fhenix FHE coprocessor AVS
Synthetix sUSDe proposal
Coinbase Pay integrated into Web3Modal
ENS March 2024 stats
Tim Beiko on core devs and governance
Silkroad BTC transferred to Coinbase