Web3 Social Part II: Unpacking the Stack
By Andy Chen, Jad Chahine, Jacob Ko Before we begin, a big thank you to the builders who contributed to this article: Christina Beltramini (Lens), Alex Comeau & David Finkelstein (Airstack), Abhi Raheja (CyberConnect), Dan Romero (Farcaster), Billy Luedtke (Intuition), Helena Gagern (Salsa), and Suji Yan (Mask Network)IntroductionThere has been an explosion of technical advancements, new applications, and users building in Web3 Social. Major protocols such as CyberConnect and Lens have launch...
Little Lyell Machines - Context, material, catalogue
Machines mentioned: p5.js; historical documents; a story sequence; the microfiche; View-Master; tunnelling equipment; railways; company organisations; global trade; the share market; an escaped convict’s tent scraper fabricated in 1859 as (empty belly) he tries to clean away mud after a futile day slashing through thick scrub looking for signs of precious metals.1. ContextI spent a few winter days at the site of some extreme mining history in the inhospitable west coast of Tasmania. The lands...
Worlds: Where Generative Art Meets Decentralized Curation
Introducing our upcoming integration with HighlightWe're excited to announce that Foundation is teaming up with Highlight to provide generative artists with more expansive tools and flexible options for creating, selling and curating their work. This partnership, launching exclusively in Worlds in early December, is a step forward for artists and curators in the digital art space.Create, Curate, ThriveGenerative art is one of the most digitally native forms of expression defining the NFT...
Web3 Social Part II: Unpacking the Stack
By Andy Chen, Jad Chahine, Jacob Ko Before we begin, a big thank you to the builders who contributed to this article: Christina Beltramini (Lens), Alex Comeau & David Finkelstein (Airstack), Abhi Raheja (CyberConnect), Dan Romero (Farcaster), Billy Luedtke (Intuition), Helena Gagern (Salsa), and Suji Yan (Mask Network)IntroductionThere has been an explosion of technical advancements, new applications, and users building in Web3 Social. Major protocols such as CyberConnect and Lens have launch...
Little Lyell Machines - Context, material, catalogue
Machines mentioned: p5.js; historical documents; a story sequence; the microfiche; View-Master; tunnelling equipment; railways; company organisations; global trade; the share market; an escaped convict’s tent scraper fabricated in 1859 as (empty belly) he tries to clean away mud after a futile day slashing through thick scrub looking for signs of precious metals.1. ContextI spent a few winter days at the site of some extreme mining history in the inhospitable west coast of Tasmania. The lands...
Worlds: Where Generative Art Meets Decentralized Curation
Introducing our upcoming integration with HighlightWe're excited to announce that Foundation is teaming up with Highlight to provide generative artists with more expansive tools and flexible options for creating, selling and curating their work. This partnership, launching exclusively in Worlds in early December, is a step forward for artists and curators in the digital art space.Create, Curate, ThriveGenerative art is one of the most digitally native forms of expression defining the NFT...
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Ethena Labs USDe mainnet launch.
Starknet DeFi Spring campaign.
Zaros introduces dual-restaking.
Gearbox leveraged EigenLayer restaking.
Listen on: Apple | Castbox | Spotify | YouTube | Lens
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.
Ethena Labs announced the public launch of USDe on Ethereum Mainnet. USDe is an overcollateralized stablecoin that offers yield and is backed by stETH and balanced positions in derivatives markets. Ethena describes this stablecoin as an "Internet Bond," reflecting its intention to mirror U.S. treasury bonds. Ethena Labs also raised a $14 million seed extension funding round. sUSDe is a value-accrueing token, representing the value of staked USDe. Ethena also launched the Shard Campaign, a points program for early adopters. The program includes multiple epochs spanning three months, during which users can earn shards by engaging in liquidity provision, bridging to certain Layer 2s, and holding specific governance tokens. USDe has already reached a $270 million marketcap.
The Starknet Foundation unveiled the Starknet DeFi Spring Campaign, a program that allocates 40 million STRK tokens in incentives. The campaign adopts a dynamic allocation that rewards participating DeFi protocols based on their activity levels. The campaign starts on February 22nd and will last six to eight months. The campaign includes a series of quests hosted on Intract, offering 15 quests until March 22nd. The initial phase focuses on DEXs such as Ekubo, Jediswap, and Nostra Swap. Subsequent phases will focus money markets and derivatives. A reserve of 10 million STRK tokens is set aside for further incentives in late 2024.
Zaros, a perpetuals DEX native to Arbitrum, introduced dual restaking vaults, enabling liquidity providers to deposit Liquid Restaking Tokens (LRT) for earning both restaking yields and Zaros trading fees. This initiative builds upon the LRTfi ecosystem, which comprises of protocols that use LRTs. Initially, the feature will support EtherFi's eETH, the largest LRT with $1.25 billion in TVL. Like LSTs, LRTs provide the staking yield, but with the added benefit of restaking yield from EigenLayer once actively validated services go live later in the year. Zaros is yet to deploy its perpetual DEX to mainnet.
Leverage defi protocol Gearbox launched leveraged EigenLayer restaking, allowing users to gain exposure on up to 10x leverage on their collateral. The launch features an initial integration with EtherFi for leveraged EIGEN and EtherFi points. Gearbox Protocol uses a Credit Account system that allows users to deposit collateral in isolated smart contracts that can be used to execute leveraged orders across DeFi protocols.
AltLayer raises $14.4m
Argent introduces a portfolio dapp
Vitalik looking forward to Verkle Trees
EIP-7623: Increase calldata cost
RSS3 mainnet update
Safe grants round 1 writeup
Collective DAO Catalog
Worldcoin bug bounty
🔗 Website | 🎙️ Podcast | 🎥 YouTube | 🐦 X | 🌿 Lens | 🟪 Farcaster
Ethena Labs USDe mainnet launch.
Starknet DeFi Spring campaign.
Zaros introduces dual-restaking.
Gearbox leveraged EigenLayer restaking.
Listen on: Apple | Castbox | Spotify | YouTube | Lens
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.
Ethena Labs announced the public launch of USDe on Ethereum Mainnet. USDe is an overcollateralized stablecoin that offers yield and is backed by stETH and balanced positions in derivatives markets. Ethena describes this stablecoin as an "Internet Bond," reflecting its intention to mirror U.S. treasury bonds. Ethena Labs also raised a $14 million seed extension funding round. sUSDe is a value-accrueing token, representing the value of staked USDe. Ethena also launched the Shard Campaign, a points program for early adopters. The program includes multiple epochs spanning three months, during which users can earn shards by engaging in liquidity provision, bridging to certain Layer 2s, and holding specific governance tokens. USDe has already reached a $270 million marketcap.
The Starknet Foundation unveiled the Starknet DeFi Spring Campaign, a program that allocates 40 million STRK tokens in incentives. The campaign adopts a dynamic allocation that rewards participating DeFi protocols based on their activity levels. The campaign starts on February 22nd and will last six to eight months. The campaign includes a series of quests hosted on Intract, offering 15 quests until March 22nd. The initial phase focuses on DEXs such as Ekubo, Jediswap, and Nostra Swap. Subsequent phases will focus money markets and derivatives. A reserve of 10 million STRK tokens is set aside for further incentives in late 2024.
Zaros, a perpetuals DEX native to Arbitrum, introduced dual restaking vaults, enabling liquidity providers to deposit Liquid Restaking Tokens (LRT) for earning both restaking yields and Zaros trading fees. This initiative builds upon the LRTfi ecosystem, which comprises of protocols that use LRTs. Initially, the feature will support EtherFi's eETH, the largest LRT with $1.25 billion in TVL. Like LSTs, LRTs provide the staking yield, but with the added benefit of restaking yield from EigenLayer once actively validated services go live later in the year. Zaros is yet to deploy its perpetual DEX to mainnet.
Leverage defi protocol Gearbox launched leveraged EigenLayer restaking, allowing users to gain exposure on up to 10x leverage on their collateral. The launch features an initial integration with EtherFi for leveraged EIGEN and EtherFi points. Gearbox Protocol uses a Credit Account system that allows users to deposit collateral in isolated smart contracts that can be used to execute leveraged orders across DeFi protocols.
AltLayer raises $14.4m
Argent introduces a portfolio dapp
Vitalik looking forward to Verkle Trees
EIP-7623: Increase calldata cost
RSS3 mainnet update
Safe grants round 1 writeup
Collective DAO Catalog
Worldcoin bug bounty
🔗 Website | 🎙️ Podcast | 🎥 YouTube | 🐦 X | 🌿 Lens | 🟪 Farcaster
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