Velodrome V2 Goes Live On OP Mainnet

The upgrade introduces enhanced security, simplified smart-contract architecture, custom fees, and custom token pairs.

Velodrome V2 Goes Live On OP Mainnet

Quick Take

  • Velodrome V2 goes live.
  • CoW Swap creates a Tally recipe.
  • PartyDAO launches on mainnet.
  • Developers propose to split EIP and ERC repos.

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Optimism Highlights 🔴✨

Velodrome V2 Goes Live On OP Mainnet
Velodrome, the largest Optimism-native DEX, deployed its V2 upgrade on mainnet. The upgrade introduces a refreshed front end, enhanced security, simplified smart-contract architecture, custom fees, and custom token pairs. The upgrade also expands on veNFTs, which are NFTs that represent locked veVELO tokens. Velodrome users will need to migrate their veNFT, $VELO, and $veVELO tokens to V2. LPs also need to withdraw from V1, migrate, and restake their positions on V2. Token emissions will activate on V2 gauges starting June 29th. Velodrome V2 has been audited by Sparebit. The protocol will launch a $200,000 Immunefi bug bounty on June 29th.

CoW Swap Automatic Trade Recipe For DAOs

CoW Swap launched a Tally recipe for automated DAO trades. Instead of pre-announcing trades, DAOs can embed swap actions into their governance proposals on Tally. A new integrated UI allows DAO managers to assign an asset, a price checker, and set a slippage tolerance. The trade is then executed upon the proposal’s approval. A trading bot, called Milkman, picks up the transaction, verifies signatures, and forwards the order to CoW Swap for execution. Milkman is a CoW Grants-funded project developed by Yearn contributors. The bot allows DAOs to propose trades without specifying a fixed trade price. CoW Swap is a P2P DEX that provides MEV-protected trades.

Party Launches On Ethereum Mainnet

PartyDAO launched its Party application on Ethereum Mainnet, a new iteration of its platform for creating groups with onchain governance. Formerly known as PartyBid, the Party app allows users to crowdfund an NFT purchase and tokenize ownership among contributors. The new launch expands the app’s capabilities to DeFi and gaming. Users can now fundraise ether and perform any transaction on Ethereum mainnet as a group. At the conclusion of a fundraiser, contributors are awarded Party Cards, which are membership NFTs representing an ownership share. Party provides governance tools for members to propose, vote, and execute onchain actions. The app is part of the Party Protocol, an open-source platform for onchain group coordination.

Proposal To Split EIP And ERC Repositories

Core developers aim to separate EIPs and ERCs into distinct repositories to enhance the proposal process. Currently, EIPs and ERCs are combined within a single tech stack, but isolating ERCs could facilitate smoother reviews by relevant parties. During this week’s ACDE call most client teams supported the change. However, a few EIP editors expressed opposition. Tim Beiko acknowledged that the change has been under discussion for years. He recommended proceeding with the change, with the option to revert if significant issues arise. Developers agreed to address concerns during an upcoming EIPIP call on Wednesday, June 28th.

Mirror Introduces Collectible Embedded NFTs, a web3 publishing platform, introduced Collectible Embedded NFTs. This feature enables the direct minting of Ethereum NFTs from a blog post. Users can easily embed NFTs by pasting the NFT URL from platforms like Zora, Manifold, OpenSea, or Sound. Readers can then mint the NFT or purchase it from secondary markets. The feature is currently limited to NFTs on Ethereum mainnet.

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