Jun 10, 2024

Web3 Builder News 6/3-6/9: Uniswap Hook Incubator

Alchemy Introduced Rollup Infra “Rollups”

Grants & Accelerators

Sei launched the Sei x Gitcoin Creator Fund to support the growth and development of the Sei ecosystem. The first round “The Kickoff” started on June 4th with a $250k matching pool, using quadratic funding (QF).
Atrium Academy introduced Uniswap Hook Incubator, an 8-week program that guides developers to build with Uniswap v4 hooks.

Research 🧑‍🔬

simbro published “Based Sequencer Selection”, exploring a method to choose transaction processors (sequencers) on Layer 2 blockchain networks in a way that ensures transactions can be processed together across different L2s.
Mike Neuder, Pranav Garimidi, and Dr. Tim Roughgarden published “On block-space distribution mechanisms”, proposing a framework using “execution tickets” to explore different block-space allocation mechanisms, and highlighting the balance between revenue and fairness.
yiannisbot published “Gossipsub Network Dynamicity through GRAFTs and PRUNEs”, exploring how the Gossipsub protocol, used in Ethereum's peer-to-peer network, manages its connections.
0xjonah shares “Stealing Trust: Unraveling Blind Message Attacks in Web3 Authentication” published by Kailun Yan, Xiaokuan Zhang, and Wenrui Diao. This paper is an evaluation of real-world Web3 applications that shows a staggering 75.8% (22/29) of Web3 authentication deployments are at risk of blind message attacks.
antonydenyer published “Censorship Resistance Through Game Theory”, an approach that aims to improve the network's integrity and decentralization.
a16z crypto published “DAO research: A roadmap for experimenting with governance”, proposing a roadmap for future research topics including understanding voter turnout, empowering good actors in governance, designing strong institutions, improving political representation, and tracing strategic behavior among political actors.

Tooling 🛠

Ethereum

Alchemy introduces Rollups, a rollup infrastructure that benefits developers with trusted infrastructure and instant distribution to millions of developers.
Conduit introduces rollup.wtf, a real-time dashboard for rollup performance metrics including Transactions per second (TPS), MegaGas per second (MGas/s), and KiloBytes per second (KB/s).
Nethermind client Release Candidate v1.27.0 is out, featuring improvements for block processing boosted by 300-400% across versions 1.25.4 to 1.27.0 and transaction processing optimized with a new caching mechanism.
wevm released Prool, a library that provides programmatic HTTP testing instances for Ethereum. Prool is designed to be used in testing environments where you need to interact with an Ethereum server instance over HTTP or WebSocket.
Ape Framework v0.8.0 is out. This version has breaking changes due to code refactoring. Developers are encouraged to delete the ”.build/” folders and the ”.ape/packages” folder for a clean 0.8 migration.
Foundry announces support for Vyper. Developers can test and deploy Vyper contracts by using the ”deployCode” cheatcode.
Blockdaemon introduces DeFi API, an institutional solution for simplifying DeFi interactions, enhancing liquidity management, offering unified asset tools, and catering to B2B2C and institutional needs.

Solana

SpiderSwap APIs are now open. SpiderSwap APIs enable developers and projects to integrate SpiderSwap's Engine into their applications.

Education/Mechanism 🧑‍🏫

Scaffold-Starknet introduces Speedrun Starknet, an online tutorial program including 7 challenges to build NFT, dApps, and multi-sig wallet.
Hyperledger Besu published “Besu Maintainers on the Pectra Fork”, sharing Ethereum's next network upgrades, including EVM Object Format benefits, key EIPs, and efforts to enhance scalability, security, and user experience.
Paradigm published “Priority Is All You Need”, introducing MEV taxes, a mechanism that arbitrary applications can use to capture their own MEV.
RareSkills published “The Transparent Upgradeable Proxy Pattern Explained in Detail”, explaining some common misunderstandings of this complex pattern to Solidity developers.
Bullpen explains what passkeys are and how they work.
Rated published “Demystifying Solana’s Stake State”, discussing the challenges of building the Solana dataset and how to overcome them.
Egis Security team shares the experience of participating in and winning the Convergence Audit Competition as a team.

Infrastructure 🏗

Ethereum

Rise Chain introduces RISE pevm, an open-sourced, rust-based parallel execution engine for EVM chain transactions. RISE pevm aims to perform 10.5x faster for large blocks and 1.73x faster for typical Ethereum blocks.
Geth 1.14.4 is out featuring introducing the Ether supply tracker as a live chain tracer and reducing the default required minimum miner tip from 1 gwei to 0.001 gwei to cater better for network conditions.

L1s

Connext rebranded to Everclear, the first Clearing Layer for DeFi, aimed to cut the cost and complexity of rebalancing solver liquidity by up to 10x.
IOTA launched IOTA EVM, a fully EVM-compatible Layer 2 solution for the IOTA network. IOTA EVM features parallel transaction processing for scalability, seamless Solidity smart contract deployment, and enhanced fairness with MEV resistance.

Bitcoin

Yona Testnet is live. Yona Network is an SVM-powered Layer 2 (rollup) on Bitcoin.

Cosmos

Polymer Labs and Nethermind introduced Monomer SDK, a compatibility layer for Cosmos SDK apps to deploy as Ethereum rollups on the OP Stack.

Security 👾

Loopring, the zkEVM protocol built on Ethereum, was exploited for about 5 million dollars due to the hack on its "Guardian" two-factor authentication service.

Bug Bounties 🐞

Succinct - SP1, a 100% open-source zkVM with a novel precompile-centric architecture, launched an audit competition on Cantina with total rewards of $110,000.
Aptos Network, a next-generation Layer 1 blockchain, launched a bug bounty program on HackenProof with bounties of up to $1,000,000 USD.
Aleo, an all-in-one ZK platform for web applications, is launching an audit contest on Sherlock with total rewards of 155,000 USDC.
River Protocol, an open protocol that empowers you to build dynamic spaces with encrypted communication, launched a bug bounty program on HackenProof with bounties of up to $50,000 USD.
vana, the first network user-owned data, is launching an audit contest on Code4rena with a total reward of $40,400 USDC.
Size Credit, a credit marketplace with unified liquidity across maturities, launched an audit contest on Code4rena with a total reward of $200,000 USDC.

Product Launches 🚀

Coinbase launched Smart Wallet, a self-custodial wallet that simplifies on-chain onboarding and enhances security. Smart Wallets allow users to access their wallets using FaceID or Google profiles and use their Coinbase balance to pay for on-chain transactions.
Iota launched the mainnet of IOTA EVM, an EVM-compatible Layer 2 for the Iota network. IOTA EVM introduces features like smart contracts, cross-chain functionality, parallel processing, and enhanced security against MEV.
Spectra (formerly APWine), a yield derivatives protocol, is live. Spectra allows anyone to create pools, trade yield or fixed rates, provide liquidity, etc.
Term Structure, a fixed-rate lending and borrowing protocol, powered by zkTrue-up, is now live on the mainnet.
Dydx launched its app and it’s now available on Android. All current features on the Dydx chain are available on the app.
3Jane, Derivatives Yield is live on EigenLayer. It unlocks a novel derivatives yield layer by enabling the collateralization of restaked ETH in derivatives contracts.
Pac Finance launched the "Pac 2.0" protocol upgrade, making the PAC token the main utility and governance token. The upgrade also includes Pac revenue sharing and the Pac Relend protocol.

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