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EVM Object Format Meta EIP-7692

A set of EIPs designed to add an opt-in container for EVM code.

Quick Take

  • EOF Meta EIP-7692 release.

  • CoW Protocol introduces programmatic orders.

  • Privy now supports passkeys for MFA.

  • Ethena releases its 2024 roadmap.


This episode is sponsored by Harpie!

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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.


EVM Object Format Meta EIP-7692

Ethereum core developers released a Meta EIP for the EVM Object Format (EOF), a set of about 11 EIPs designed to add an opt-in container for EVM code that enhances code validation and introduces new features. A Meta EIP serves as a central proposal that includes changes to both the execution layer and consensus layer for coupled upgrades. EIP-7692 outlines the scope for an initial version of EOF, referred to as Mega EOF. Ethereum's next upgrade, Pectra, is already set to include six EIPs, with EOF currently being considered for inclusion. In the upcoming ACDE call, developers will determine the potential inclusion of EIP-7702, an account abstraction update proposed by Vitalik Buterin.

CoW Protocol Programmatic Orders

CoW Protocol, the leading MEV-protecting DEX, introduced Programmatic Orders, a order new type that allows for the creation of multiple orders using a single signature. The orders are then executed when preset onchain conditions are met. The primitive underpins CoW Swap's TWAP feature and enables complex trading strategies to be automated and executed indefinitely. CoW Protocol also released the Programmatic Order Framework, a framework automating order setup. It includes the "WatchTower" relayer that automatically executes orders based on the predefined conditions. It offers significant cost efficiencies by enabling mass deployment of updates and orders. The Programmatic Order Framework is now available for developers to use.

Privy Supports Passkey MFA

Privy, a provider of authentication tools, expanded its multi-factor authentication (MFA) capabilities for embedded wallets by including support for passkeys. With MFA activated, any operation that accesses the wallet's private key, such as signing messages, sending transactions, exporting the wallet, or recovering it on a new device, will require MFA verification. Passkeys enable users to use biometric data for verification, enhancing security and experience. Privy also supports SMS and one-time password authentication apps as MFA methods. Privy's toolkit allows developers to integrate web2 sign-in options into their applications, including email, SMS, and social media login.

Ethena Releases 2024 Roadmap

Guy Young, the founder of Ethena Labs, released a 2024 roadmap focusing on three main objectives for USDe: establishing it as a widely used stablecoin within crypto, integrating it across decentralized, centralized, and traditional financial sectors, and developing an aggregated liquidity layer. The endgame for Ethena spans across three pillars: money, network, and exchange. As a form of money, USDe aims to become a leading digital currency. In terms of network, Ethena aims build a comprehensive financial ecosystem around USDe. And for exchange, it plans to leverage its capital assist new trading platforms. USDe is currently the fifth largest stablecoin by market cap.

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Vitalik On Multidimensional Gas Pricing

The model prices each resource, such as computation, storage, and data bandwidth, separately.

Quick Take

  • Vitalik outlines multidimensional gas pricing.

  • EspressoSys to support the AggLayer.

  • EigenDA will support EIGEN staking delegation.

  • Metal launches an OP Stack L2


This episode is sponsored by Harpie!

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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.


Vitalik On Multidimensional Gas Pricing

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 Supports Polygon’s AggLayer

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.

EigenDA EIGEN Staking Delegation

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.

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Optimism’s Superchain Supports L3s

OP Stack L3s will have support for custom gas tokens and Plasma Mode.

Quick Take

  • Optimism supports L3s on the Superchain.

  • Arbitrum launches Stylus V2 on testnet.

  • Omni introduces Octane.

  • How to raise Ethereum’s gas limit.


This episode is sponsored by Harpie!

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harpie.io/ethdaily

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’s Superchain Supports L3s

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.

Arbitrum Launches Stylus V2 Testnet

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 Introduces Octane

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.

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