• CoW Protocol MEV-capturing AMM.

• Starknet STRK airdrop criteria.

• Conduit permissionless rollup deployments.

• AltLayer supports zkSync’s ZK Stack.

CoW Protocol MEV-Capturing AMM

CoW Protocol introduces an MEV-capturing AMM. Starknet announces its STRK airdrop criteria. Conduit opens permissionless rollup deployments. And AltL...

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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.

CoW Protocol introduced its MEV-Capturing AMM, designed to protect liquidity providers from losses due to exploitations by arbitrageurs. According to CoW Protocol, most liquidity pools suffer losses. LVR is the largest source of MEV, even bigger than frontrunning and sandwich attacks combined. LP lose upwards of 7% on their liquidity. The new AMM, dubbed the CoW AMM, uses batch auctions to auction the right to rebalance the pool at the correct market price, with the amount paid by the winning solver being distributed to the pool's liquidity providers. It ensures that the total value of a pool’s reserves remains balanced. The new AMM model is optimal for pools that trade between non-stable token pairs.

Starknet, the permissionless ZK-Rollup by Starkware, formally announced the criteria for its STRK token airdrop. STRK is network’s native token for governance, staking, and gas fee payments. 1.3 million wallet addresses have been deemed eligle to receive a share of the 700 million STRK tokens allocated for the initial distribution. Nearly half of the eligible users are Starknet users. Additional qualified users include StarkEx users, Ethereum developers, Protocol Guild members, and solo stakers. The snapshot for the airdrop was taken on November 15th, 2023. Currently, users can verify their eligiblility on starknet.io, with the token claim starting on February 20th.

Conduit, a rollup-as-a-service infrastructure provider, announced the permissionless launch of its rollup deployment platform. Anyone can now deploy a custom OP Stack or Arbitrum Orbit chain on mainnet. Conduit allows users to select from mulriple rollup framework, settlement layer, and data availability options. The service equips rollups with a suite of features, including dedicated testnets, a block explorer, scalable RPCs, a dashboard for metrics, and tools for tracing transactions. Launching a rollup on mainnet involves initial deployment costs of approximately 3 ETH and a basic monthly service charge starting at $3,000. Rollups also receive a portion of the sequencer fees from their chain.

Rollup-as-a-service provider AltLayer integrated support for zkSync’s ZK Stack, allowing anyone to deploy a custom ZK-powered L2 and L3 hyperchain. The ZK Stack features native account abstraction, data compression, EVM compatibility, and hyperscalability through shared provers and fractal scaling. AltLayer already supports OP Stack and Arbitrum Orbit tech stacks.

• Scroll is now live on Dune Analytics

• Drips Network releases an explore page

• Rainbow Kit V2 release

• GoFundMe cancels Tornado Cash fund

• Fileverse releases heartbit SDK

• Succinct introduces SP1 processor

• ENS as ETH address scam

• STRK airdop omitted solo stakers

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• Polygon discloses a critical vulnerability.

• ENS Labs update on GoDaddy lawsuit.

• Susa perps DEX on Layer N.

• Arbitrum’s ArbOS Atlas upgrade.

Polygon Discloses Critical Vulnerability

Polygon discloses a critical vulnerability. ENS Labs releases an update on its ETH.Link lawsuit. Sushi announces plans to launch a perps DEX on Layer...

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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.

Asymmetric research disclosed a critical vulnerability in the Heimdall Polygon PoS validator software that could have been exploited to compromise over $2 billion worth of assets on the network’s bridge. The vulnerability was disclosed through Polygon’s Immunefi Bug Bounty program and has since been patched without exploitation. This vulnerability, which went unnoticed for five years, pertains to the bridging layers between Polygon’s Ethereum-based smart contracts and its PoS consensus layer. To exploit it, an attacker would need to inject false events into the StakeSync mechanism. Asymmetric Research recommends implementing time delays, transfer limits, and invariant checks on the native bridge as measures to diminish the chances of a attack.

ENS Labs is seeking input from the ENS DAO regarding its ongoing legal action against GoDaddy, Dynodot, and Manifold Finance for the recovery of the eth.link domain. The lawsuit initiated in September 2022 after GoDaddy transferred the eth.link domain to third-party registry Dynadot, who then re-auctioned it to Manifold Finance. Originally owned by early Ethereum contributor Virgil Griffith, the eth.link domain was allegedly falsely declared expired by GoDaddy. Eth.link was a tool that enabled HTTP access to ENS domains, similarly to eth.limo. To date, ENS Labs has expended $750,000 on the lawsuit. Manifold Finance wants to relinquish the domain for $300,000.

The ENS DAO will vote on whether to accept the settlement and pay $300,000, propose a counteroffer, continue with the lawsuit, or dismiss the case. ENS Labs is also requesting reimbursement from the ENS DAO for the legal expenses it has incurred.

Sushi, ranking as the sixth largest multi-chain DEX, unveiled plans to introduce Susa, a new perpetuals DEX built on Layer N. The integration aims to provide users with an CEX-like experience through low fees, minimal latency, and high transaction throughput. Using Layer N's Nord Engine and StateNet architecture, Susa will enable the development of custom applications with access to the exchange's liquidity. Layer N is a L2 solution that supports a network of custom rollups with shared communication and liquidity. Layer N is currently live on testnet.

A vote is set to go live for implementing Arbitrum ArbOS Atlas, an update that will prepare Arbitrum One and Nova to be compatible with the Ethereum Dencun upgrade. ArbOS Atlas also introduces support for transient storage, MCOPY, and SELFDESTRUCT only in same transaction. The Dencun upgrade is scheduled to activate on Ethereum Mainnet on March 13th.

• Renzo and Kelp DAO similar codebase

• Polygon upgrade is live

• MEV boost simulation framework

• ETH Global testnet faucet

• Ternoa using Avail DA

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• Franklin Templeton spot ETH ETF.

• Optimism activates Security Council.

• Lit Protocol deploys to mainnet beta.

• Aave V3 goes live on Scroll mainnet.

Franklin Templeton Ethereum ETF

Franklin Templeton files for a spot ETH ETF. Optimism launches its Security Council. Lit deploys its protocol to mainnet beta. And Aave V3 goes live ...

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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.

Global asset manager Franklin Templeton submitted an application with the SEC for a Spot ETH ETF, named the Franklin Ethereum ETF. The ETF aims to mirror the spot price of ETH, with primary holdings in ETH along with cash. The ETH would be custodied by Coinbase Custody and the cash by the Bank of New York Mellon. Franklin Templeton is among a growing group of asset managers seeking to launch a Spot ETH ETF. Its existing offering already includes a spot Bitcoin ETF. ETH's price has rallied to over $2,650, a price not seen since May 2022. There's anticipation that the SEC might greenlight an ETH ETF by the second quarter of 2024.

Optimism has officially implemented its Security Council with a 2/2 multi-sig, requireing approval from both the Optimism Foundation as the first signer and the Security Council as the second signer for any protocol upgrades to OP Mainnet. The activation advances Optimism toward becoming a stage 1 rollup as defined by Vitalik Buterin. The Security Council is tasked with managing the upgrade keys for OP Mainnet. The council is composed of 13 members, requiring a minimum of 4 members to sign a protocol upgrade for it to be executed. The Security Council is expected to extend its oversight to manage upgrades for all OP Stack chains within the Superchain.

Lit Protocol, a decentralized key management platform, launched its v0 release to mainnet beta. The release allows developers to deploy real-world asset applications, manage access to private data, and create embedded user wallets with recovery mechanisms. It also supports event-triggered signing and transaction automation. Built based on threshold cryptography and an encrypted virtualization architecture, Lit Protocol minimizes the risk of single points of failure and a serves as an alternative user key management solution to centralized custodians. Developers can use the most recent version of the Lit SDK to create and manage Private Key Packages (PKPs). Lit Protocol is preparing to release v1 later in the year.

Aave V3 is now live on Scroll Mainnet, making it the first ZK-EVM to be integrated on the lending protocol. Aave is the largest lending protocol with nearly $8 billion in TVL. With Aave V3 live on Scroll, users can acess faster and low-cost transactions, lowering the barrier to entry for DeFi. The integration was initiated through a governance proposal led by the Aave community. Scroll is an EVM-Equivalent ZK-Rollup. It was deployed to mainnet in October 2023 and holds over $30 million in TVL.

• Zora secondary marketplace

• ERC-7512 onchain audit

• Polygon Aggregation Day

• Credit Guild pledges to PG

• ePBS updates for CL

• Orb Club relaunched

• Gibraltar testnet 1m blocks

• Ethereum package v1.40.0 release

• Cannon v2.11 release

• Noir v0.23.0 release

• Coinbase WaaS early access

• Realigning PBS incentives

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