• Polygon proposes for Celo to build on Polygon CDK.

• Uniswap Wallet integrates MEV Blocker.

• Kwenta Staking V2 goes live.

• Vote to deploy Aave V3 on Polygon ZK-EVM.

Uniswap Wallet integrated swap protection as a default feature on all Ethereum Mainnet transactions. Swap protection shields users from front-running and sandwich attacks. The added protection layer may result in slightly higher auto slippage for certain swaps to help increase the chances of a successful transaction. Swap protection is powered through the MEV Blocker RPC endpoint from CoW Protocol. MEV Blocker directs user transactions to a private mempool and even refunds users a portion of the MEV generated from their transactions. Swap protection is only available in Uniswap Wallet mobile. Users can disable the feature if desired.

Polygon Co-Founder Sandeep Nailwal published a proposal seeking for the Celo Ecosystem to consider the deployment of its Layer 2 solution as a ZK-powered chain using Polygon CDK. The transition would provide Celo with EVM-equivalent compatibility, enhanced security through ZK proofs, low-cost transaction fees, and interoperability with other ZK-powered chains. Nailwal also offered implementation partners to support Celo core developers in deploying a CDK-based chain. The proposal comes after Celo Labs' own proposal to transform its L1 into an L2 network based on the OP Stack with EigenDA for data availability. Celo is an EVM L1 chain focused on payment infrastructure.

Kwenta launched Staking V2, an upgrade to a new set of smart contracts that introduce a checkpoint system for tracking staked balances. The upgrade introduces the ability to transfer escrow entries, a two-week cooldown for unstaking, support for smart contract-based staking, early vesting, and auto-compounding rewards. Kwenta V1 stakers are required to manually migrate their positions to the new V2 contracts in order to continue receiving rewards. Only KWENTA staked in the v2 contracts will count towards DAO voting power. Kwenta is an Optimism-native perpetual DEX built on Synthetix.

A snapshot proposal to deploy Aave V3 on Polygon ZK-EVM is now open for voting. The initial deployment seeks to support WETH, WMATIC, and USDC as collateral for borrowing USDC. The deployment aims to expand Aave’s presence across L2 networks. Polygon ZK-EVM is an EVM-equivalent ZK Rollup with just over $18 million in TVL

• USDC and EURC naming.

• Polynomial optimistic indexer.

• Furrend pet lovers app on Base.

• FOAM on the OP Stack.

• Alchemy adds Solidity course.

Follow us on X, Lens, and Farcaster.

• Potential scenarios for The Merge.

• Orbiter Finance releases an L2 data tracker.

• Circle and Tether support ETH PoS.

• Socket releases Plugin bridge widget.

Listen on: Apple | Spotify | Castbox | YouTube 

The Goerli Merge is expected to happen on Thursday, August 11, 2022 at 00:24:12 UTC (that’s a couple hours after this email has been sent). Goerli is the last of three public testnets to undergo the transition to Proof of Stake before the transition on Ethereum Mainnet.

Bordel.wtf

Days of PoW are numbered. Bordel.wtf is counting them.

https://bordel.wtf

Ethereum developers updated The Merge TTD notes to reflect two scenarios for Ethereum’s PoS upgrade timeline. In the first scenario, the Bellatrix upgrade would be set to happen on August 31st. A TTD value for The Merge would then be targeted for September 15th. In the second scenario, the Bellatrix upgrade would be set for September 6th with a TTD value targeted for September 20th. Ethereum developers aim to find a TTD value which is hit after the Bellatrix mainnet upgrade but before the end of September. The challenge lies in estimating hashrate volatility, which affects how soon the chain reaches a TTD value. A Bellatrix Epoch height and TTD value for The Merge on Ethereum Mainnet is expected to be selected during this week’s consensus layer call.

Circle Pay and Tether are now among the latest companies to announce support for ETH PoS in the event of a hard fork during The Merge. Circle stated that USDC, as an Ethereum asset, can only exist as a single valid version of the chain. The company’s plan is to exclusively support the upgraded Ethereum PoS chain. Tether stated that the transition to PoS should not be weaponized to cause confusion and harm within the ecosystem. Tether is also exclusively supporting the PoS chain in alignment with the Ethereum Foundation. Circle and Tether are the industry’s largest stablecoin issuers with a collective market cap of over $110 billion.

Interoperability protocol Socket released Socket Plugin, a widget that allows dapp developers to build their own bridge using Socket’s liquidity layer. Plugin is a React component that can be imported in any React (JS/TS) project. Developers can customize the widget theme, preselect chains to support, whitelist bridges, and curate token lists. Plugin taps into Bungee, Socket’s cross-chain bridge aggregator. With just a few lines of code, dapp developers can give users access to Bungee’s optimized bridging routes across eight supported chains. The bridge also supports cross-chain swaps and destination gas bridging with Bungee’s “Refuel” feature.

Uniswap also released a Swap widget, allowing developers to integrate the DEX into their dapp. Swap is also a React component that can be imported into any React project. The widget has built-in wallet connection functionality with support for WalletConnect and MetaMask. The colors, font, token lists, and the default input and output tokens can also be customized. Developers can integrate the Swap widget to build a custom front end for Uniswap, enable swaps within a DeFi application, or as a token conversion tool for gaming and NFT use cases.

Orbiter Finance released a new data aggregation and analysis dashboard for the Ethereum L2 Rollup ecosystem. The tool tracks on-chain dapp data across Arbitrum, Optimism, and zkSync. Metrics tracked include daily transactions, daily active users, new users, interactions, TVL, and new contracts. Orbiter sources data from RPC endpoints and external APIs from rollup explorers.

Follow us on X, Lens, and Farcaster.

• Base Mainnet opens for all users.

• Stader Labs introduces Liquid Restaked Tokens.

• Fluent unveils its zkWASM Execution Layer.

• Karpatkey launches a DAO treasury dashboard.

Base, an OP Stack chain by Coinbase, is now available on mainnet for all users. Users can mint a commemorative “Base, Day One” NFT, marking the launch of onchain summer. According to Coinbase, wallets that mint an Onchain Summer NFT are eligible for a 60 day trial of Coinbase One, a program for reduced CEX trading fees. Users can visit onchainsummer.xyz to mint an NFT each day this month. The NFTs feature artwork with partners like Coca Cola, Atari, and OpenSea. Over 100 dapps and infrastructure providers are now available on Base mainnet, including Aave, Uniswap, and Balancer. Base is now the fifth-largest rollup, with over $140 million in TVL.

Stader Labs introduced the Liquid Restaked Token (LRT), a synthetic receipt token that represents ownership of restaked ETH, including assets restaked on EigenLayer. Liquid Restaked Tokens increase capital efficiency by allowing holders to secure other applications, earn rewards, and further leverage their capital in DeFi. Stader Labs aims to address the challenges of node operation by introducing the LRT DAO, which will be responsible for selecting validators and staking services. End users will be able to deposit ETH and LSTs in exchange for LRTs. LRT contracts will then distribute tokens to various node operators and accrue rewards. Stader Labs is a liquid staking protocol that allows node operators to deploy a validator with as little as 4 ether and 0.4 ether worth of its native SD token. The protocol has its own liquid-staked token called ETHx. Stader plans to implement a multi-pool architecture similar to ETHx to facilitate the new restaking project.

Fluent unveiled its general-purpose zkWASM execution layer for Ethereum. Fluent seeks to allow developers to build apps on Ethereum written in Rust, TypeScript, and Go. Fluent consists of a ZK Rollup for scalability, WebAssembly VM for multiple language support, and EVM tooling for compatibility with existing infrastructure. Fluent is currently accepting applications for its early builders’ program ahead of a testnet release later this year.

Karpatkey, a DAO treasury risk manager, introduced its first public treasury dashboard, allowing users to track portfolio performance and token allocations. Users filter reports by month, year, and DAO. The monthly report provides a snapshot of capital utilization, farming results, and yield. Karpatkey currently manages treasuries for CoW Protocol, ENS, Gnosis, and Balancer.

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.