DeFi Dev News 12/11 - Fantom Offers $294k in funding, ERC 7571 Shadow events, Mantle mETH $500k Bounty
Grants and Accelerators 💰
- Fantom Foundation launched Sonic Labs, an accelerator program for developers building with Sonic technology stack. The program will select up to five projects, each receiving 1 million FTM (~$294,000) in funding, technical support, co-marketing, and mentorship, including guidance from Andre Cronje.
- Article | Application Form (open until February 6, 2024)
- BNB Chain announced a TVL Incentive Program for projects on opBNB. In its first round, the program offers a prize pool of up to $160,000 USD to the three eligible projects with the highest TVL increases within a certain time.
- The Worldcoin Foundation launched a new grants program for developers while outlining plans to decentralize the network. The Community Grants Program consists of three different grant tracks: Community Grants (up to 5K WLD), Project Grants (up to 25K WLD), and Open Track Grants (no set budget).
Hackathons 💻
- Ankr, zkSync, and Homeless Ventures team up to launch a hackathon & incubation program to incentivize developer growth. In early 2024 (date to be released), the hackathon will commence as builders will use Ankr’s blockchain infrastructure to build on top of the zkSync blockchain.
- The Solana Speedrun 2 will take place from December 12th to December 17th. Speedrun is a competition where developers have a limited time to create a game from scratch based on a given theme.
Infrastructure 🏗
Ethereum
- Ethernets is an an Ethereum network crawler that allows node operators, researchers, and core devs to see data about their nodes, and various Ethereum, and even not Ethereum networks.
- Ethernow by BlockNative is a transaction explorer that allows you to see what is happening at the core of Ethereum, in real-time.
- Developer Alessandro Mazza introduces Reth Crawler, a tool for the Ethereum execution layer. It leverages the Reth P2P stack for discovering nodes and uses Ethereum wire network protocols for connecting with them.
L2s
- OP Labs is migrating to OP testnets from OP Goerli to OP Sepolia. Developers are encouraged to migrate before January 2024 to ensure their testnet app works as intended on OP Sepolia.
- The governance vote for OP Chain's post-Bedrock network upgrade, Canyon, passed successfully. On Jan. 11, Canyon will be activated on OP Chain mainnets across the Superchain.
- Immutable launched the Immutable zkEVM testnet, a dedicated chain for games that combines the benefits of zk-rollup technology and the entire suite of Immutable gaming products.
- Nethermind released the v1.23.0 upgrade with Optimism support, support for initializing the Nethermind database, and reduced memory usage spikes when nodes are overloaded with CL requests.
- zkSync is migrating to Sepolia, which will be the primary testnet for zkSync. The team will sunset zkSync Era Goerli in Jan 2024.
- Lumoz launched the testnet of ZKFair, a community-owned ZK L2 that will ensure a 100% fair launch. ZKFair is built using Polygon CDK, Celestia modular DA, and Lumoz RaaS.
- Polymer Labs launched Polymer, an Ethereum rollup that enables interoperability among Ethereum rollups through native IBC technology backed by Ethereum security.
Solana
- Solana explorer SolanaFM launched the Quantum upgrade, with new features such as Transaction Headers, RPC Multiplexer, and Advanced Transaction Filters.
Security 🛡
- Zellic Security Describes how they found a vulnerability in Astar that could have been exploited by a malicious actor to steal ~$400,000 USD worth of tokens. This bug allowed an attacker to drain certain LP contracts on the Astar-EVM, with no bugs required in the contracts.
Tooling 🛠
Ethereum
- Paradigm releases Reth alpha.13, fixing a long-standing issue for full node and heavy RPC tracing users. Block commit times are now consistent at 200–300ms, compared to the previous buggy behavior, of up to 30s in extreme cases.
- Data platform Shadow proposes ERC-7571, a standardized syntax for shadow events within Ethereum smart contracts to make it easier for them to be specified, discovered, and fetched by any off-chain developer tools or infrastructure.
- Shadow adds support for Vyper, allowing developers to write shadow events for any Vyper contract and get custom data in minutes
- Developer 0xKitsune and djosiris.eth built sstan, a Solidity static analyzer designed to compete in the Code4rena bot races.
Immutable
- QuickNode now supports Immutable zkEVM testet, allowing developers to build easily on Immutable zkEVM with APIs, tools & analytics.
Solana
- Eth-Sol bridging SDK Moongate enables EVM users to access Solana-based Kamino Lend & Liquidity vaults straight from Metamask.
Avalanche
- Developer Manoj introduces Hyper-WASM, a stateful wasm runtime supported by HyperSdk. Hyper-WASM enables developers to write smart contracts in wasm-supported languages(c,c++, rust, java, kotlin, python, go...).
Mechanism ⚙️
- Liquity introduces IApps (local apps), a self-ran private frontend solution that offers regulatory compliance, better security, faster loading, and update policy.
Bug Bounties 🐞
- Omni by Beta is an upgrade to Beta lending with risk tranches, enabling users to choose their level of exposure based on their risk appetites.
- Bounty
- Smart Contract: 5,000-250,000
- Bounty
- The Graph is an indexing protocol for querying decentralized data from multiple blockchains and storage solutions such as IPFS. The Graph has deposited 556.5K to their bounty vault.
- Bounty
- Blockchain: 1,000-2,500,000
- Smart Contract: 1,000-2,500,000
- Website: 1,000-50,000
- Bounty
- Spool is permissionless and non-custodial middleware that allows banks, fintech, funds, exchanges, custodians, treasuries, and builders to earn DeFi returns in a fully composable manner.
- Bounty
- Smart Contract: 1,000-1,500,000
- Bounty
- Mantle Liquid Staking Protocol (LSP) is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Mantle Staked Ether (mETH) serves as the value-accumulating receipt token.
- Bounty
- Smart Contract: 5,000-500,000
- Bounty
- ParaX is the merger of ParaSpace and Parallel. ParaX aims to build a web3 super application to bring a one-stop web3 experience to 1 billion users. Based on the ERC-4337 account abstraction
- Bounty
- Smart Contract: 1,000-50,000
- Bounty
- Ava Labs Core, Apps, APIs. Ava Labs will be requesting KYC.
- Bounty
- Website: 1,000-10,000
- Bounty
- Ava Labs Avalanche Protocol. Ava Labs will be requesting KYC.
- Bounty
- Blockchain: 1,000-100,000
- Smart Contract: 5,000-100,000
- Bounty
Product Launches
- Gyroscope launches GYD, a dollar-pegged stablecoin backed by reserve assets, and features an algorithmic mechanism to keep its price pegged to $1. Users can now mint GYD or provide liquidity to GYD pools.
- Crypto Volatility Index launches CVI V4, introducing new features such as the Hedged Theta Vault, a ~3x stretched version of the CVI, borrower leverage, etc.
- Aevo launches aeUSD, a yield-bearing stables-denominated collateral asset (5% USDC and 95% sDAI) that allows users to earn a 4.75% APY on their exchange margin while trading with 20x leverage.
- QuickSwap launches QuickSwap Bonds on the DEX, a new way for liquidity provision. Users can provide liquidity and receive tokens at a discount that vest over time, represented by a Bond NFT.
- Lending protocol Ethereum Reserve Dollar (ERD) launches the USDE stablecoin, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral.
- Hashflow DEX launches 2.0. The upgraded version enables Smart Order Routing (SOR), improved UX, and Solana expansion.
- Cross-chai yield protocol Clip launches on Linea L2 with its first product available - automated income vault.
- Hourglass, a liquid staking protocol, is live on Blast L2. Hourblast launches two time-bound tokens, blastETH & blastUSD, to increase capital efficiency on Blast.
- Perp DEX LogX launches on Mantle L2 with Log Points and Airdrop rewards program live for traders and LPs.
- Mantle L2 launches two products: Mantle LSP and mETH. Mantle LSP is a liquid staking protocol that enables users to stake ETH for mETH and earn rewards.
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