• Gnosis Chain activates Dencun.

• Stack launches an L3 chain on Base.

• Optimism We Love The Art winners.

• Delivery At Dawn short film premiere.

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The Dencun upgrade has successfully activated on Gnosis Chain mainnet, bringing Type 3 blob transactions to the Ethereum sister chain. The new transaction type can now be executed on Gnosis Chain, with blob.fm being among the initial applications to leverage blobs, showcasing new use cases that are now possible. Blobs are part of EIP-4844, also known as Proto Danksharding, marking an initial step towards full data sharding on Ethereum. Blobs are designed to reduce data availability costs for rollups, leading to lower transaction fees and reduced storage requiremnts. The Dencun upgrade will activate on Ethereum mainnet this Wednesday, March 13.

Stack, a loyalty points management platform, introduced the mainnet launch of its points chain. Stack is a L3 chain, which operates atop Base using the OP Stack framework. It provides a scalable and low-cost solution for the execution of onchain point transactions. The chain was deployed through rollup-as-a-service provider Conduit. Stack introduces a specialized points protocol, consisting of a Solidity smart contract crafted to facilitate the creation and management of point systems. The protocol is integrated with Stack's user interface and software development kits. Stack successfully secured a $3 million seed investment for its points infrastructure platform.

Optimism revealed the winners of its We Love The Art contest, awarding 1.2 million OP tokens among 68 distinguished artists. Receiving more than 7,000 submissions across AI, one-of-one, generative, and music categories, the competition marks one of the largest globally-accessible art contests. Eight artists secured the top prize of 50,000 OP tokens, currently valued at about $225,000.

Stateful Works released the premiere of "Delivery At Dawn," an animated short film produced by Nouns, Agora, and The Line, centered on EIP-4844. The film showcases characters from Ethereum ecosystem projects benefiting from proto-danksharding. Users can mint a commemorative NFT on Zora for 0.004844 ETH, with the proceeds allocated towards production costs and supporting the Protocol Guild.

• Wormholde airdrop deep dive

• Starknet introduces a gaming committee

• RARI Chain opens ecosystem grants

• Ethena Shards campaign update

• Coinbase opening brief challenging SEC

• Reth v0.2.0-beta.1 release

• Lodestar v1.17.0 release

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• DAI Savings Rate increase to 15%.

• Gnosis releases 3.0 roadmap.

• Delv releases a Hyperdrive update.

• EspressoSys introduces the Based Espresso.

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MakerDAO governance approved an accelerated proposal to increase the DAI Savings Rate (DSR) to 15%, a 3x leap from its current rate of 5%. The DSR yield is paid by the protocol’s stability fees on Collateral Debt Positions (CDP), in which the new proposal also raises the stability fees for ETH, wstETH, and WBTC collateral types. The APY for borrowing DAI via the Maker’s Spark Lend market will also see an increase to 16%. The proposal is a strategic move to address the volatile market conditions and rising interest rates that have led to a demand shock for DAI. The changes are scheduled for implementation on Sunday, March 10, 2024, at 19:55 UTC.

Gnosis released its Gnosis 3.0 roadmap, a new phase focused on transforming payments and financial infrastructure through a collective of aligned projects interconnected by the GNO token. Gnosis 3.0 shifts from infrastructure to applications that bridge the gap between onchain capabilities and real-world services. Gnosis 3.0 includes ventures such as Gnosis Pay and Gnosis Wallet, focusing on integrating with traditional financial systems. Gnosis began as a prediction market platform in 2015 that later transitioned into building Ethereum infrastructure, including Safe, CoW Protocol, Karpatkey, and Gnosis Chain.

Delv, a fixed and variable yield protocol, shared an update on Hyperdrive, its upcoming AMM designed to enhance capital efficiency and address the issue of fragmented liquidity in the market. Hyperdrive will feature on-demand terms, single-sided liquidity, and continuous liquidity provision. Hyperdrive users will be able to deposit assets for a fixed return, with the ability to sell their position early at the current market rate, deposit for variable yields by covering the fixed rate with an upfront margin payment or partake as a liquidity provider to collect trading fees. Delv is in the process of launching Hyperdrive on testnet.

EspressoSys introduced Based Espresso, a marketplace for auctioning sequencing rights to a shared proposer. Based Espresso allows rollups to auction their sequencing rights to either based rollup, validium, or Ethereum L1 proposers. Rights to shared sequencing include participating in an auction for slots allocated to shared proposers, which in turn selects the entities for proposing the upcoming blocks for rollups, and a shared finality gadget that finalizes the proposed blocks and issues preconfirmations. Proposers who purchase the rights to be a shared proposer benefit from economic incentives such as MEV and arbitrage.

• Kwenta Perps V3 beta launch on Base

• 50% of nodes appear ready for Dencun

• Ethstorage pledges 1% to Protocol Guild

• Arbitrum DAO proposal to help tornado cash legal

• Teku v24.3.0 release

• Fraxtal added to L2 Beat

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• Arbitrum Orbit L3 chains on Base.

• Unblock Crypto EIP-6963 initiative.

• Velodrome launches Slipstream clAMM.

• Base will support Dencun from day one.

  Mint NFT

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Infrastructure service provider Conduit introduced support for deploying Arbitrum Orbit Layer 3 chains using Base as the settlement layer. Conduit's rollup-as-a-service platform offers customizable rollup configurations, granting teams the ability to configure the rollup framework, data availability solution, and settlement layer options. Arbitrum Orbit is a tech stack for the deployment of L3 appchains on Arbitrum AnyTrust chains and features the capability to use custom gas tokens. The L3 chains are designed to reduce computational costs and provide dedicated block space. Conduit offers the deployment of L3 chains on either the testnet or mainnet.

Over 16 ecosystem projects joined forces to launch unblockcrypto.org, an initiative seeking to further adoption of EIP-6963, a standard for wallet connection to dapps. EIP-6963, which was finalized in October 2023, enables the discovery of multiple injected wallet providers and addresses existing conflicts with EIP-1193 wallets. Wallet extensions load in an unpredictable sequence when multiple wallets are installed. Zerion, WalletConnect, Rainbow, MetaMask, and Coinbase Wallet, among others, now support EIP-6963 to address this issue. Users can participate in the unblock crypto initiative by minting a commemorative NFT, with proceeds going to EIP authors.

Velodrome, an Optimism-native DEX , launched Slipstream, a new concentrated liquidity AMM designed for low-volatility and high-volume token pairs. Slipstream aims to capture a bigger share of daily trading volume on Optimism. Concentrated liquidity pools provide liquidity providers with exposure to higher volume and fees. LPs on Velodrome can now deposit into clAMM pools with VELO emissions ramping up in the coming weeks. The Slipstream implementation is based off of UniV3. The clAMM features a fee algorithm that adjusts according to market volatility. Velodrome is the largest DEX on Optimism by TVL with over $140 million in assets.

Base announced that its Layer 2 rollup will support the Dencun upgrade from day one. Dencun represents the next upgrade for Ethereum, featuring EIP-4844, a proposal that dramatically lowers the data availability costs for rollups by up to 99%. The Dencun upgrade is scheduled to activate on Ethereum-mainnet on Wednesday, March 13th, at 13:55:35 UTC. Dencun will be implemented on OP Stack chains shortly after as part of Optimism’s Ecotone upgrade. Coinbase has played a role in contributing to the core development of EIP-4844.

• EigenLayer launches a bug bounty competition

• ETH Global announces the Frameworks hackathon

• SP1 v0.0.2 release

• Besu v24.3.0 release

• Gitcoin reaches $60 funded

• ezETH goes live on Mode

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