Modular MediaWeekly Rollup #14
Neutron is First to Adopt ICS | How bad are rollup multi-sigs? | How decentralized should sequencers be? | Chart of the Week | Week ending May 12th👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:Neutron is First to Adopt ICSMore News & AnnouncementsHow bad are rollup multi-sigs?...
Modular MediaHow Permissionless Innovation Works
This is a guest post by Shiva. Give him a follow and check out his other work!The invention of the Internet revolutionized the speed and scope of information exchange, connecting the world like never before. Acquiring new skills or knowledge is no longer limited by the physical boundaries of schools and libraries. Anyone with an internet connection, anywhere in the world can tap into a vast ocean of knowledge at the click of a button. And this has some amazing downstream implications. The acc...
Modular blockchain news and education
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Modular blockchain news and education
Modular MediaWeekly Rollup #14
Neutron is First to Adopt ICS | How bad are rollup multi-sigs? | How decentralized should sequencers be? | Chart of the Week | Week ending May 12th👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:Neutron is First to Adopt ICSMore News & AnnouncementsHow bad are rollup multi-sigs?...
Modular MediaHow Permissionless Innovation Works
This is a guest post by Shiva. Give him a follow and check out his other work!The invention of the Internet revolutionized the speed and scope of information exchange, connecting the world like never before. Acquiring new skills or knowledge is no longer limited by the physical boundaries of schools and libraries. Anyone with an internet connection, anywhere in the world can tap into a vast ocean of knowledge at the click of a button. And this has some amazing downstream implications. The acc...
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👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem.
Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates!
This week’s issue covers:
DeGate Launches on Mainnet
More News & Updates
Overloading Ethereum consensus
Rollups are L1s and L2s(?)
More Discourse & Education
https://twitter.com/DeGateDex/status/1658817416493711360
A bit late with this announcement, but on May 17th, DeGate launched an application-specific zk-rollup, in what was the first fully non-custodial zk-rollup launch on Ethereum.
What is Degate
DeGate forked the architecture and smart contracts from Loopring v3, an existing Ethereum L2 network, in order to launch their own zk-rollup entirely dedicated to an order book DEX.
DeGate Products
Spot order book trading: “The ZK technology powers a “match node” matching orders between traders, periodically recording the transactions on a mainnet. This ensures a faster, cheaper trading experience that is still secured by Ethereum”.
‘Grid trading: “This replicates the grid trading on a CEX, which enables users to implement a trading strategy based on the ups and downs in a trading pair”.
Design Principles
Decentralized: “In the long term, the goal of DeGate protocol is to implement a standalone open-source client functionality, meaning no single entity will have control over the protocol, and by simply downloading the open-source code on GitHub, anyone will be able to access the protocol directly.”
Trustless: non-custodial storing of assets
Permissonless: Like Uniswap, DeGate is an open protocol where anyone can list whatever token they want while allowing anyone to access the app (except if you’re in the US).
3 properties ensure decentralization
Zk-rollup DA: A bunch of transactions get bundled together off-chain, and then verified by an immutable open source smart contract. So, a SNARK proof is generated for every batch of transactions, and then gets posted on Ethereum. Also, because transactions are bundled together, fees are split between multiple individuals, ultimately lowering the fees for everyone.
No admin keys: Most of the time, you’ll hear people say Ethereum-based rollups like Arbitrum, Optimism, etc. all share Ethereum’s security. And while this is somewhat true (proofs are posted on Ethereum for finality), there still lie some security concerns. The main one being the use of admin keys. Essentially, admin keys are a way for the rollup deployers to make changes or upgrades to the rollup at some point in the future. Usually, you’ll see rollups secured by a 3/5 multisig or some other variation. This means that there are five sets of keys that can be used for rollup upgrades, and of those five, only three would be needed to make changes. So a 5/7 multisig means you need five of the seven keyholders present or in accordance in order to make a change. In short, you’re relying on these multisig operators to act accordingly and not run away with our funds. DeGate on the other hand doesn’t use any multisigs. Why? DeGate removed all upgradability from the protocol, meaning once a contract is deployed, there is no changing it. It just acts as it was intended for.
Exodus Mode: DeGate is just a protocol, however, there still needs to be an interface us users interact with in order to use the protocol. If for some reason, the operator running DeGate goes offline or decides to withhold our transactions for more than 15 days, then anyone can submit a transaction to enable Exodus Mode. This is an irreversible mechanism that shuts down the oeprators deployment instance for good. Because DeGate is a zk-rollup, users can access historical data on Ethereum. This data can be used to generate a proof of your owned assets in order for asset retrieval.
DAO-Centric Model
As mentioned, Degate is intended to be completely decentralized and permissionless. As such, the development and future of the protocol will be entirely in the hands of the DeGate DAO, which is comprised of the DG token holders.
This means the DAO will decide what they do with the protocol revenue, whether they want to introduce some sort of burn mechanism or use the revenue to fund new growth initiatives, it’s entirely up to the token holders.
While the DeGate protocol itself does not operate with multisigs, the DAO does. That said, it “can be upgraded to an open-sourced DAO management tool through governance”. You can take a look at the DAO treasury here.
DG Token
DG, Degate’s native token, will have a total supply of 1B, and will be distributed as follows:
You can learn more about the distribution here.
TVL & Trading Volume
As of today, there is $2.22M in TVL on DeGate (15.62% consisting of its own token, DG). That said, TVL is capped at $3M, and everything will be insured during this beta launch (in the case of any hacks or loss of funds).
In terms of trading volume, the protocol has so far achieved $36M+:
What’s Next
DeGate DEX officially launched its mainnet beta on May 3rd. While the protocol may be restricted in some regions (thanks for protecting us Gary), for most of the world, the DEX is now open for any and all to test out.
“RiscZero and LayerN have joined forces to develop the first ZK Fraud Proof system, combining Optimistic Rollups with ZK Proofs, opening the door for more performant, reliable, and secure Blockchains.”
Redstone Oracles (oracles with a “modular design”) and Warp Contracts, a data driven smart contracts on Arweave crafted by Redstone, announce an exclusive angel round, which featured the likes of Stani (Aave), Sandeep (Polygon), and more.
Compound III is live on Arbitrum. Compound was initially very hesitant on expanding to other chains because of security concerns, however, they’ve since started their mission to expand multi-chain. So far, Compound has reached around $10.8M in TVL on Arbitrum, behind Polygon ($18.1M), and Ethereum ($1.8B).
MXC Foundation set to deploy an L3 network on Arbitrum (a zkEVM on top of Arbitrum), as they look to bring traditional off-chain data on-chain, such as coffee cup purchases and more. “A Native Layer for X-to-Earn”.
Hyperlane integrates Polygon zkEVM, and Fuel (L2), allowing both Polygon zkEVM native dapps as well as FuelVM rollups, to start leveraging the interoperability solution to expand their services cross-chain, while being able to set their own security standards.
https://twitter.com/VitalikButerin/status/1660356821779988480?s=20
Vitalik writes an article illustrating why the community should not “overload Ethereum consensus”. But what does this mean exactly?
The first thing to understand is that blockchain systems have different types of consensus: technical consensus and social consensus.
Technical consensus is likely what you think about when you hear the word consensus. Proof-of-Work, Nakamoto, Proof-of-Stake, heaviest chain, all that stuff.
Social consensus sits underneath technical consensus. If the Bitcoin community decided they were cool with 22mm BTC, the software can be upgraded.
The second thing to understand is that the post mostly refers to overloading social consensus. He illustrates the point using clear examples (definitely worth a read) but the bottom line is that we should not expect Ethereum to fork or take special action if something goes wrong at the middleware or application layers.
Note that he is not saying we shouldn’t have high TVL rollups or validators restaking with EigenLayer. Ethereum might very well be doing a lot of work and supporting high value use cases, but we shouldn’t expect the base layer protocol to bail out other projects. In this Chopping Block episode, Sreeram from EigenLayer talks to a useful and timely analogy of banks taking greater risks knowing that the government will bail them out. It can be somewhat of a self fulfilling prophecy, and Vitalik is trying to avoid this turnout.
The timing of this piece is likely not random. Rollup usage and excitement around EigenLayer is accelerating. It’s good that this conversation is being had now.
One other thing worth pointing out is how EigenLayer has handled the discourse. It’s very clear that Sreeram and team have not only thought through these questions in depth but have already set guardrails to account for the mentioned risks. Pretty impressive!
Of course, different perspectives are healthy too, so here are two posts that shine different lights on the situation.
https://twitter.com/jon_charb/status/1662212301016150016?s=46&t=Sa-kQ8xUY_X1giqluqQhAA
Jon from DBA breaks CT with yet another controversial rollup post 🌶️
The core argument he makes is that we need better rollup mental models. Subjectively he does a good job poking holes in the “layered” model - and objectively people are confused by the status quo.
Here are a few reactions / threads from both sides of the debate that obviously followed:
Jon also followed up with a summary thread where he unpacked his main objective for the post.
From our view, Jon is less focused on the proposed solution and more emphasizing a “problem to solve”. If we as an industry agree with the problem yet don’t want to mess with the L1 / L2 framework, maybe we can brainstorm together. Let us know what you think! We’d love to feature different perspectives building on Jon’s foundation.
DBA releases videos from Research Day, a recent event packed with gigabrain presentations across many topics 🎥🧠
Omni discusses the restaking ecosystem with Sreeram from EigenLayer, Charles from Espresso and Jonto from zeroDAO 🎙️🔥
Figment Capital (@DougieDeLuca) breaks down Distributed Sequencer Technology and how it can be used to push rollup decentralization forward ✍️💎
@accel_capital breaks down ZKML for model inference and many compelling use cases ✍️💬
Bell Curve releases an MEV Masterclass episode to wrap up their MEV series 🎙️🧠
That's all for this week! Thanks for reading 🧱🎬
If you found this issue useful, please share this tweet so more people can see it 🙏
https://twitter.com/modularmedia_/status/1663658240100675584?s=20
👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem.
Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates!
This week’s issue covers:
DeGate Launches on Mainnet
More News & Updates
Overloading Ethereum consensus
Rollups are L1s and L2s(?)
More Discourse & Education
https://twitter.com/DeGateDex/status/1658817416493711360
A bit late with this announcement, but on May 17th, DeGate launched an application-specific zk-rollup, in what was the first fully non-custodial zk-rollup launch on Ethereum.
What is Degate
DeGate forked the architecture and smart contracts from Loopring v3, an existing Ethereum L2 network, in order to launch their own zk-rollup entirely dedicated to an order book DEX.
DeGate Products
Spot order book trading: “The ZK technology powers a “match node” matching orders between traders, periodically recording the transactions on a mainnet. This ensures a faster, cheaper trading experience that is still secured by Ethereum”.
‘Grid trading: “This replicates the grid trading on a CEX, which enables users to implement a trading strategy based on the ups and downs in a trading pair”.
Design Principles
Decentralized: “In the long term, the goal of DeGate protocol is to implement a standalone open-source client functionality, meaning no single entity will have control over the protocol, and by simply downloading the open-source code on GitHub, anyone will be able to access the protocol directly.”
Trustless: non-custodial storing of assets
Permissonless: Like Uniswap, DeGate is an open protocol where anyone can list whatever token they want while allowing anyone to access the app (except if you’re in the US).
3 properties ensure decentralization
Zk-rollup DA: A bunch of transactions get bundled together off-chain, and then verified by an immutable open source smart contract. So, a SNARK proof is generated for every batch of transactions, and then gets posted on Ethereum. Also, because transactions are bundled together, fees are split between multiple individuals, ultimately lowering the fees for everyone.
No admin keys: Most of the time, you’ll hear people say Ethereum-based rollups like Arbitrum, Optimism, etc. all share Ethereum’s security. And while this is somewhat true (proofs are posted on Ethereum for finality), there still lie some security concerns. The main one being the use of admin keys. Essentially, admin keys are a way for the rollup deployers to make changes or upgrades to the rollup at some point in the future. Usually, you’ll see rollups secured by a 3/5 multisig or some other variation. This means that there are five sets of keys that can be used for rollup upgrades, and of those five, only three would be needed to make changes. So a 5/7 multisig means you need five of the seven keyholders present or in accordance in order to make a change. In short, you’re relying on these multisig operators to act accordingly and not run away with our funds. DeGate on the other hand doesn’t use any multisigs. Why? DeGate removed all upgradability from the protocol, meaning once a contract is deployed, there is no changing it. It just acts as it was intended for.
Exodus Mode: DeGate is just a protocol, however, there still needs to be an interface us users interact with in order to use the protocol. If for some reason, the operator running DeGate goes offline or decides to withhold our transactions for more than 15 days, then anyone can submit a transaction to enable Exodus Mode. This is an irreversible mechanism that shuts down the oeprators deployment instance for good. Because DeGate is a zk-rollup, users can access historical data on Ethereum. This data can be used to generate a proof of your owned assets in order for asset retrieval.
DAO-Centric Model
As mentioned, Degate is intended to be completely decentralized and permissionless. As such, the development and future of the protocol will be entirely in the hands of the DeGate DAO, which is comprised of the DG token holders.
This means the DAO will decide what they do with the protocol revenue, whether they want to introduce some sort of burn mechanism or use the revenue to fund new growth initiatives, it’s entirely up to the token holders.
While the DeGate protocol itself does not operate with multisigs, the DAO does. That said, it “can be upgraded to an open-sourced DAO management tool through governance”. You can take a look at the DAO treasury here.
DG Token
DG, Degate’s native token, will have a total supply of 1B, and will be distributed as follows:
You can learn more about the distribution here.
TVL & Trading Volume
As of today, there is $2.22M in TVL on DeGate (15.62% consisting of its own token, DG). That said, TVL is capped at $3M, and everything will be insured during this beta launch (in the case of any hacks or loss of funds).
In terms of trading volume, the protocol has so far achieved $36M+:
What’s Next
DeGate DEX officially launched its mainnet beta on May 3rd. While the protocol may be restricted in some regions (thanks for protecting us Gary), for most of the world, the DEX is now open for any and all to test out.
“RiscZero and LayerN have joined forces to develop the first ZK Fraud Proof system, combining Optimistic Rollups with ZK Proofs, opening the door for more performant, reliable, and secure Blockchains.”
Redstone Oracles (oracles with a “modular design”) and Warp Contracts, a data driven smart contracts on Arweave crafted by Redstone, announce an exclusive angel round, which featured the likes of Stani (Aave), Sandeep (Polygon), and more.
Compound III is live on Arbitrum. Compound was initially very hesitant on expanding to other chains because of security concerns, however, they’ve since started their mission to expand multi-chain. So far, Compound has reached around $10.8M in TVL on Arbitrum, behind Polygon ($18.1M), and Ethereum ($1.8B).
MXC Foundation set to deploy an L3 network on Arbitrum (a zkEVM on top of Arbitrum), as they look to bring traditional off-chain data on-chain, such as coffee cup purchases and more. “A Native Layer for X-to-Earn”.
Hyperlane integrates Polygon zkEVM, and Fuel (L2), allowing both Polygon zkEVM native dapps as well as FuelVM rollups, to start leveraging the interoperability solution to expand their services cross-chain, while being able to set their own security standards.
https://twitter.com/VitalikButerin/status/1660356821779988480?s=20
Vitalik writes an article illustrating why the community should not “overload Ethereum consensus”. But what does this mean exactly?
The first thing to understand is that blockchain systems have different types of consensus: technical consensus and social consensus.
Technical consensus is likely what you think about when you hear the word consensus. Proof-of-Work, Nakamoto, Proof-of-Stake, heaviest chain, all that stuff.
Social consensus sits underneath technical consensus. If the Bitcoin community decided they were cool with 22mm BTC, the software can be upgraded.
The second thing to understand is that the post mostly refers to overloading social consensus. He illustrates the point using clear examples (definitely worth a read) but the bottom line is that we should not expect Ethereum to fork or take special action if something goes wrong at the middleware or application layers.
Note that he is not saying we shouldn’t have high TVL rollups or validators restaking with EigenLayer. Ethereum might very well be doing a lot of work and supporting high value use cases, but we shouldn’t expect the base layer protocol to bail out other projects. In this Chopping Block episode, Sreeram from EigenLayer talks to a useful and timely analogy of banks taking greater risks knowing that the government will bail them out. It can be somewhat of a self fulfilling prophecy, and Vitalik is trying to avoid this turnout.
The timing of this piece is likely not random. Rollup usage and excitement around EigenLayer is accelerating. It’s good that this conversation is being had now.
One other thing worth pointing out is how EigenLayer has handled the discourse. It’s very clear that Sreeram and team have not only thought through these questions in depth but have already set guardrails to account for the mentioned risks. Pretty impressive!
Of course, different perspectives are healthy too, so here are two posts that shine different lights on the situation.
https://twitter.com/jon_charb/status/1662212301016150016?s=46&t=Sa-kQ8xUY_X1giqluqQhAA
Jon from DBA breaks CT with yet another controversial rollup post 🌶️
The core argument he makes is that we need better rollup mental models. Subjectively he does a good job poking holes in the “layered” model - and objectively people are confused by the status quo.
Here are a few reactions / threads from both sides of the debate that obviously followed:
Jon also followed up with a summary thread where he unpacked his main objective for the post.
From our view, Jon is less focused on the proposed solution and more emphasizing a “problem to solve”. If we as an industry agree with the problem yet don’t want to mess with the L1 / L2 framework, maybe we can brainstorm together. Let us know what you think! We’d love to feature different perspectives building on Jon’s foundation.
DBA releases videos from Research Day, a recent event packed with gigabrain presentations across many topics 🎥🧠
Omni discusses the restaking ecosystem with Sreeram from EigenLayer, Charles from Espresso and Jonto from zeroDAO 🎙️🔥
Figment Capital (@DougieDeLuca) breaks down Distributed Sequencer Technology and how it can be used to push rollup decentralization forward ✍️💎
@accel_capital breaks down ZKML for model inference and many compelling use cases ✍️💬
Bell Curve releases an MEV Masterclass episode to wrap up their MEV series 🎙️🧠
That's all for this week! Thanks for reading 🧱🎬
If you found this issue useful, please share this tweet so more people can see it 🙏
https://twitter.com/modularmedia_/status/1663658240100675584?s=20
Here’s the latest Scroll (zkEVM) weekly update, which includes the deployment of Hapi, an on-chain cybersecurity protocol, and Pimlico, a team building account abstraction solutions.
Introducing Hackmos, “the first official Cosmoverse hackathon”, which is set to take place on October 6-7 in Istanbul.
Osmosis announces the mesh-security initiative: Akash, Axelar, and ATOM Accelerator are joining the Osmosis Grants Program “to bring Mesh Security to the Cosmos”.
The ATOM Accelerator and Osmosis Grants teams announce that they will be funding Mystic Labs in their development of Metamask Snaps, an initiative that “will enable users to sign Cosmos transactions using their Metamask wallet.
Skip v2 has now launched: “MEV recapture is now available to any app-chain, fully in-protocol, fully sovereign, and fully open-source”.
Nolus protocol is officially live, allowing users to start leveraging their Cosmos ecosystem tokens to take out loans worth up to 3x their collateral amount.
Looks like Osmosis (app-chain DEX from the Cosmos ecosystem) will be using their MEV revenue captured to deploy their own token-burning mechanism (thanks to Skip protocol) - something OSMO holders will enjoy.
Osmosis announces their latest grant recipients from “Batch 14”, which included six grants worth a total of $457,900 in funding.
Juno Network will become the first Cosmos native chain to connect to Kusama (Polkadot’s sister network) via IBC. This will allow Juno users to start interacting with the Kusama ecosystem.
Stride announces a 30-day Stride incentives program, which will begin on June 6th
Celestia kicks off the “light node challenge”. Post a unique way in which you’re running your Celestia light node for a chance to win prizes.
Heading to the Gateway Conference on June 3-5 in Prague? Make sure to check out the game Night, hosted by Celestia on the closing day as a way to close out the event.
Polymer (taking IBC beyond the Cosmos ecosystem) will host its second community call this Wednesday, the 31st.
Mantle launches phase 2 of their testnet program.
Gelato network is live on zkSync Era testnet and mainnet, bringing Gelato Relay (gasless cross-chain messaging, account abstraction, and more), and their 1Balance Payment solution (pay for all your EVM transactions using a single balance).
zkLend integrates the Omni protocol, an interoperability solution that leverages Eigen Layer’s ETH restaking solution. Although Omni is meant for the entire Ethereum ecosystem at large, the solution seems to be quite popular already within the Starknet ecosystem.
AVNU opens up its testnet to everyone, allowing anyone to start accessing the self-proclaimed “best execution on Starknet”.
Introducing Fibrous Alpha: “the first AMM Aggregator on Starknet that accepts multiple tokens as input, enabling efficient swapping with optimal rates for any token”.
FXDX, a perp DEX on Optimism, is now live.
Check out the new zkSync Era dashboard powered by ZettaBlock, allowing us to easily access ecosystem metrics like total transactions (23.4M as of today), unique active addresses (1.7M), and more.
TaskOn, a collaboration platform (complete tasks as a group), as well as Decent, a team building NFT infrastructure solution, are now live on Arbitrum.
Relative, a decentralized derivatives platform, launches on Polygon zkEVM
NOWPayment announces their new payments API for the Polygon network, allowing businesses to start accepting payments through the Polygon network, including BTC, ETH, and Tether. NOWPayments claims to have offer faster transaction speeds compared to other payment services.
Saga integrates Kado Money, allowing Saga-powered chains to start leveraging the payment infrastructure solution.
The Babylon team (bringing BTC security to the Cosmos) just published an article highlighting their year of growth, including the different testnet integrations with different Cosmos projects.
Connext, an interoperability solution, is now live on Bungee, a bridge aggregator solution.
Here are the winners from the recent ETHDam hackathon event (of teams that built a Scroll powered project).
Here are the winners from the Mantle x Antalpha Labs hackathon event.
@khushii_w explains homomorphic encryption and how it applies to use cases like ML 💬
@alexanderchopan explores next-gen wallets covering innovations, challenges and key questions ✍️
Zero Knowledge Podcast discusses all things Nova with Srinath from Microsoft Research 🎙️🧠
@doganeth_en explains how Chain Abstraction offers seamless cross-chain UX without extra trust-assumptions 💬
Lagrange explains ZK MapReduce and ZK Big Data concepts ✍️💬
@JoshCStein demonstrates how to run a Celestia light node, aimed at beginners using Mac, Linux or Windows 🎥
Avail highlights key insights on modular blockchains, DA and light nodes from a recent podcast episode with Avail co-founder Prabal 💬
Bell Curve discusses whether or not protocols should share revenue with token holders 🎙️
@yugacohler explains 5 key features of the new Coinbase Wallet-as-a-Service product, including MPC-based key management and key backup / recovery 💬
@nickwh8te explains how optimistic and ZK rollups can be combined, referencing the recent Risc Zero + Layer N partnership 💬💡
@bkiepuszewski highlights important aspects of rollup stage designation, along with the great work L2Beat is doing in this area 💬🫡
@casparschwa explores “timing games in PoS protocols” ✍️💬
@sgoldfed illustrates the risks of rollups without fraud proofs using the analogy of cars without brakes 💬
Bankless discusses Bitcoin’s future with prominent Bitcoiners Udi, Nick and Eric 🎙️
Taiko releases ZK rollercoaster #5, covering interesting ZK highlights ✍️💬
Here’s the latest Scroll (zkEVM) weekly update, which includes the deployment of Hapi, an on-chain cybersecurity protocol, and Pimlico, a team building account abstraction solutions.
Introducing Hackmos, “the first official Cosmoverse hackathon”, which is set to take place on October 6-7 in Istanbul.
Osmosis announces the mesh-security initiative: Akash, Axelar, and ATOM Accelerator are joining the Osmosis Grants Program “to bring Mesh Security to the Cosmos”.
The ATOM Accelerator and Osmosis Grants teams announce that they will be funding Mystic Labs in their development of Metamask Snaps, an initiative that “will enable users to sign Cosmos transactions using their Metamask wallet.
Skip v2 has now launched: “MEV recapture is now available to any app-chain, fully in-protocol, fully sovereign, and fully open-source”.
Nolus protocol is officially live, allowing users to start leveraging their Cosmos ecosystem tokens to take out loans worth up to 3x their collateral amount.
Looks like Osmosis (app-chain DEX from the Cosmos ecosystem) will be using their MEV revenue captured to deploy their own token-burning mechanism (thanks to Skip protocol) - something OSMO holders will enjoy.
Osmosis announces their latest grant recipients from “Batch 14”, which included six grants worth a total of $457,900 in funding.
Juno Network will become the first Cosmos native chain to connect to Kusama (Polkadot’s sister network) via IBC. This will allow Juno users to start interacting with the Kusama ecosystem.
Stride announces a 30-day Stride incentives program, which will begin on June 6th
Celestia kicks off the “light node challenge”. Post a unique way in which you’re running your Celestia light node for a chance to win prizes.
Heading to the Gateway Conference on June 3-5 in Prague? Make sure to check out the game Night, hosted by Celestia on the closing day as a way to close out the event.
Polymer (taking IBC beyond the Cosmos ecosystem) will host its second community call this Wednesday, the 31st.
Mantle launches phase 2 of their testnet program.
Gelato network is live on zkSync Era testnet and mainnet, bringing Gelato Relay (gasless cross-chain messaging, account abstraction, and more), and their 1Balance Payment solution (pay for all your EVM transactions using a single balance).
zkLend integrates the Omni protocol, an interoperability solution that leverages Eigen Layer’s ETH restaking solution. Although Omni is meant for the entire Ethereum ecosystem at large, the solution seems to be quite popular already within the Starknet ecosystem.
AVNU opens up its testnet to everyone, allowing anyone to start accessing the self-proclaimed “best execution on Starknet”.
Introducing Fibrous Alpha: “the first AMM Aggregator on Starknet that accepts multiple tokens as input, enabling efficient swapping with optimal rates for any token”.
FXDX, a perp DEX on Optimism, is now live.
Check out the new zkSync Era dashboard powered by ZettaBlock, allowing us to easily access ecosystem metrics like total transactions (23.4M as of today), unique active addresses (1.7M), and more.
TaskOn, a collaboration platform (complete tasks as a group), as well as Decent, a team building NFT infrastructure solution, are now live on Arbitrum.
Relative, a decentralized derivatives platform, launches on Polygon zkEVM
NOWPayment announces their new payments API for the Polygon network, allowing businesses to start accepting payments through the Polygon network, including BTC, ETH, and Tether. NOWPayments claims to have offer faster transaction speeds compared to other payment services.
Saga integrates Kado Money, allowing Saga-powered chains to start leveraging the payment infrastructure solution.
The Babylon team (bringing BTC security to the Cosmos) just published an article highlighting their year of growth, including the different testnet integrations with different Cosmos projects.
Connext, an interoperability solution, is now live on Bungee, a bridge aggregator solution.
Here are the winners from the recent ETHDam hackathon event (of teams that built a Scroll powered project).
Here are the winners from the Mantle x Antalpha Labs hackathon event.
@khushii_w explains homomorphic encryption and how it applies to use cases like ML 💬
@alexanderchopan explores next-gen wallets covering innovations, challenges and key questions ✍️
Zero Knowledge Podcast discusses all things Nova with Srinath from Microsoft Research 🎙️🧠
@doganeth_en explains how Chain Abstraction offers seamless cross-chain UX without extra trust-assumptions 💬
Lagrange explains ZK MapReduce and ZK Big Data concepts ✍️💬
@JoshCStein demonstrates how to run a Celestia light node, aimed at beginners using Mac, Linux or Windows 🎥
Avail highlights key insights on modular blockchains, DA and light nodes from a recent podcast episode with Avail co-founder Prabal 💬
Bell Curve discusses whether or not protocols should share revenue with token holders 🎙️
@yugacohler explains 5 key features of the new Coinbase Wallet-as-a-Service product, including MPC-based key management and key backup / recovery 💬
@nickwh8te explains how optimistic and ZK rollups can be combined, referencing the recent Risc Zero + Layer N partnership 💬💡
@bkiepuszewski highlights important aspects of rollup stage designation, along with the great work L2Beat is doing in this area 💬🫡
@casparschwa explores “timing games in PoS protocols” ✍️💬
@sgoldfed illustrates the risks of rollups without fraud proofs using the analogy of cars without brakes 💬
Bankless discusses Bitcoin’s future with prominent Bitcoiners Udi, Nick and Eric 🎙️
Taiko releases ZK rollercoaster #5, covering interesting ZK highlights ✍️💬
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