May 13, 2024

Web3Builder News 5/6-5/12: Vitalik Proposes "Multidimensional Gas Pricing"

Tamara Tran explores the risk management of blobspace derivatives

Grants & Accelerators

Starknet introduces the Seed Grant Program to support early-stage teams that have already developed POCs or MVPs with grants of up to 25,000 USDC for each team.
Scallop is launching the Ecosystem Grant Program, offering grants of up to $100,000 in $SCA to support developers and communities dedicated to enhancing the Sui DeFi space by utilizing Scallop's features.

Research 🧑‍🔬

Vitalik Buterin released EIP-7022, which proposes an alternative method to EIP-3074 for supercharging Ethereum accounts. EIP-7022 is more compatible with existing EIP-4337 Account Abstraction work, and doesn’t add new opcodes
Seongwan Park and Bosul Mun published “Empirical Analysis of the Impact of EIP-4844 on Ethereum's Ecosystem”, an analysis to examine EIP-4844’s effects in terms of consensus security, Ethereum usage, rollup transaction dynamics, and the blob gas fee mechanism.
Tamara Tran published “Structuring Blobspace Futures for Fun and Profit” to introduce an approach to manage the risk that sellers undertake, identify conditions under which manipulation may be profitable, and determine the appropriate risk premium that sellers should charge.
rymnc published “The Implementation of Tiered Commitment Trees to Reduce Gas Costs and Off-chain Complexity.”
Vitalik Buterin published "Multidimensional Gas Pricing", an article exploring the benefits of “multi-dimensional gas”, and the prospects for increasing it further.
0xjonah1 published “WalletRadar: Towards Automating the Detection of Vulnerabilities in Browser-based Cryptocurrency Wallets”.
cryptskii published "Triadic Consensus: a fast and resilient consensus mechanism for sharded blockchains".
Nethermind Research published a research report on allowing validators to share client information privately.
Cloakd introduces “Bandwidth Markets”, an innovation to deal with congestion issues, resulting in dropped transactions & processing delays on Solana.
Vitalik Buterin published “MACI with mostly-off-chain happy path”, proposing a mechanism to vote off-chain using ZK-SNARKs.

Tooling 🛠

Ethereum

Jesse Pollak introduces Smart Wallet, an ERC-4337 compliant smart contract wallet from Coinbase that supports multiple owners, passkey owners, Ethereum address owners, and cross-chain replayability.
Austin Griffith introduces ABI Ninja, a web-based tool to interact with any contracts on Ethereum.
Adam Egyed and Dan Nolan released “ERC-6900 Account Plugin”, a basic example of an ERC-6900 compatible plugin and ready-to-use unit test scaffolding for developers to build smart account plugins quickly.
bbsz released Betterscan, an open-source security tool designed to parse, analyze, and display data from any EVM-based smart contracts.
Anton Cheng introduces Monarch Lend UI, an open-source UI for users to supply to MorphoBlue markets directly.
pcaversaccio introduces CreateX, a factory smart contract for safer usage of the CREATE and CREATE2 EVM opcodes as well as of CREATE3-based contract creations.

L2s

Conduit introduces Custom Gas Tokens, a new feature allowing developers to choose custom gas tokens from most ERC-20 tokens when building OP Stack on Conduit.

Solana

Helius introduces Helius Rust SDK, an asynchronous crate that supports all major Helius and Solana endpoints.

Education/Mechanism 🧑‍🏫

ddimitrovv22 shares an ERC-4337 security checklist from @agfviggiano that covers all the components that can lead to vulnerabilities.
Charles Wang explains the operating mechanism of the "call" function in Solidity.
Etherscan explains how address poisoning attacks work and what users can do to protect themselves.

Infrastructure 🏗

Ethereum

Umbra shares the preliminary details of Umbra V2, which aims to enable permissionless experimentation on top of stealth addresses beyond simple payments. Umbra is a protocol for stealth payments on Ethereum.
Omni Network introduces Omni Octane, an open-source, performance-optimized EVM framework launching with integrations from Celestia, Arbitrum, and EigenLayer.
Geth v1.14.3 is out featuring improvements for block processing and RPC API.
DODOchain MACH, a finality Actively Validated service(AVS) designed for the DODOchain by AltLayer, is now live on EigenLayer mainnet.

L2s

Polygon launches Miden Alpha Testnet, a zero-knowledge roll-up solution designed for private, high-throughput applications. Miden allows users to generate proofs for their state transitions without disclosing the state to the broader network.
Arbitrum announces Stylus just got a "giga-update". Stylus now has reduced gas fees, smaller contract sizes, improved tool support, and new system operations.
Succinct launches SP1 Testnet. SP1 is a zkVM with STARK recursion enabling fast end-to-end ZK proof generation with on-chain verification on any EVM-compatible chain.
Injective launches inEVM, an EVM integrated with Arbitrum Orbit to bring a fully customized interoperable rollup across Cosmos and Ethereum.
Three Sigma announces zkAuth, a new protocol designed to integrate traditional identity systems into Web3 accounts, standardizing user authentication between the ZK Stack and existing Web2 platforms.

L1s

Dmitri Perelman shares that the smart contracts of Sui Name Service(SuiNS) are now open-source.

Solana

Elusiv launches Arcium, the first parallelized confidential computing network that provides developers and applications with a trustless and configurable framework to run encrypted computations.

Security 👾

Scam Sniffer warns about a phishing scam involving the transfer of $TON tokens on fraudulent websites.

Bug Bounties 🐞

PoolTogether, a protocol for no-loss prize games on Ethereum, launches a bug bounty program on ImmuneFi with bounties of up to $22,727 USDC.
Concordia, a modular omnichain risk layer enabling seamless liquidity across DeFi, launches a bug bounty program on HackenProof with bounties of up to $20,000 USD.
KINTSU, a liquid staking infrastructure, launches an audit competition on Hats.Finance with rewards of up to $40,000 USD.
SynFutures Protocol, a decentralized derivatives protocol built on Blast, launches a bug bounty program on ImmuneFi with bounties of up to $10,000 USD.
Ethereum Name Service (ENS), a distributed naming system based on Ethereum, launches a bug bounty program on ImmuneFi with bounties of up to $250,000 USD.
Unitus Finance, a multi-chain money market, launches a bug bounty program on HackenProof with bounties of up to $50,000 USD.
PoolTogether, a protocol for no-loss prize games on Ethereum, launches an audit contest on Sherlock with total rewards of 115,000 USDC.
ELFi Protocol, a decentralized derivatives trading platform delivering top-notch trading functionalities, launches an audit contest on Sherlock with total rewards of 66,000 USDC.
Gamma, a protocol for active liquidity management and market making strategies, launches an audit contest on Sherlock with total rewards of 17,000 USDC.
Napier Finance, a liquidity hub for yield/point trading, launches an audit contest on Sherlock with total rewards of 30,000 USDC.

Product Launches 🚀

Friend.tech, launched V2 and its native token. FRIEND token airdrop went live on May 3rd, and the website enabled token swap and liquidity provision.
Eddy Finance, a DEX aggregator on Mode L2, is live. Eddy enables token swaps for USDT, USDC, ETH, WBTC, and WETH. Eddy users can earn 2x Eddy Points, Mode Points, and exclusive Eddy NFT boosters.
Perpetual Protocol launched Nekodex, a mobile perp trading DEX powered by Perp V3. Nekodex supports wallet-free login, CEX-like trading experience on mobile, zero gas fee, and 50 perp markets. Nekodex uses Nekocoin as the only collateral required for trading. Users can earn Nekicoins by inviting new users.
Solana AI layer gm.ai began rollout, allowing beta users to access AI apps and accepting applications for gmINFRA Dev Whitelist Access.
Puffer Finance, a liquid restaking protocol built on top of EigenLayer, launched its mainnet. Puffer is also launching chapter 4 of its quest campaign with a revamped points system.
FairyCoW Swap, a dex that provides encrypted order protection on CoW Swap, is live on Sepolia. FairyCow allows traders to encrypt orders before broadcasting them to solvers & MEV searchers.
Sovryn, a Bitcoin trading & lending platform, launched DEX 2.0 on BOB. Sovryn DEX 2.0 now supports swaps, AMM LPs, and SOV staking.

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