Jun 17, 2024

Web3 Builder News 6/10-6/16: Polygon Launches $21M Community Grants Program Season 1

Polygon Launches $21M Community Grants Program Season 1.

Grants & Accelerators

Polygon introduces Community Grants Program Season 01, allocating 35 million $MATIC to fund the best projects across the Polygon and Ethereum landscape.
Thrive Protocol introduces Consumer Crypto Grants, providing $800,000 in $MATIC grants for consumer crypto builders on Polygon.
IOTA introduces the Audit Grants Program with Sherlock, providing financial assistance for developers in the IOTA ecosystem, enabling them to secure professional smart contract audits.
SevenX Ventures, everVision, and BuidlerDAO launched a $10 million AO Ecosystem Fund, funding early-stage projects within the AO ecosystem.

Hackathons & Events 🧑‍💻

Paradigm introduces Frontiers, a 2-day event focused on crypto infrastructure. The event will take place in San Francisco on August 16-17th and is now open to apply.
Zypher Network, B² Network, and DoraHacks introduce gZKM Buildathon, an online provable games hackathon with a $200,000 prize pool to support gaming projects using Zypher’s ZK Game SDKs, Zytron Layer3, RISC Zero’s zkVM, B² Network’s EVM tools, and Particle Network’s AA wallet.
Request Network and DoraHacks introduce Summer Hackathon, a 2-week-long online hackathon with a $50,000 prize pool to support dApps using the Request Network infrastructure.
Injective introduces The Injective Builder House 2024, a one-day event that will take place in Brussels on Wednesday, July 10th in conjunction with ETHCC.

Research 🧑‍🔬

ulrych8 published “Inactivity Leak unveiled”, showing that while Inactivity Leak helps keep the network running, it can also create problems by making it easier for conflicting data to be finalized.
parithosh proposed EIP-4444, a new proposal that aims to reduce the amount of old data that Ethereum nodes need to store.
LongHash Ventures published “Preconfirmations: Credible Promise of Future Execution”. This research analyzes preconfirmations, a mechanism that improves transaction execution, empowers users in the MEV dark forest, and fosters an efficient blockspace market.
Vitalik Buterin published “One-bit-per-attester inclusion lists”, exploring a new way to decide which transactions get included in the next block of a blockchain.
Christine Kim, VP of Research at Galaxy, summarizes Ethereum All Core Developers Consensus Call #135, discussing preparations for Pectra Devnet 1, PeerDAS Devnet 1, and a third dedicated test network for Simple Serialize (SSZ) Ethereum Improvement Proposals (EIPs).
peersky published “IPv6 vs Ethereum?”, exploring the potential analogies and benefits of using IPv6 networking concepts in the Ethereum blockchain ecosystem.
Toni Wahrstätter published “Blobs, Reorgs, and the Role of MEV-Boost”, exploring how blobs and MEV-Boost affect the probability of blockchain reorganization (reorgs).

Tooling 🛠

Ethereum

0xfuturistic introduces Mev-taxes, a practical Solidity library for MEV taxes. The concept of MEV taxes was introduced by Paradigm, allowing smart contracts to automatically charge a tax based on the priority fee of the transaction.
QuickNode introduces the Builder's Guide, a tactical tool designed to empower beginner and seasoned engineers to create web3 projects of all types.
Lighthouse v5.2.0 is out, featuring in-memory tree-states, improvement on epoch & block processing, and execution client version in graffiti. Lighthouse is an open-source Ethereum consensus client written in Rust.

Education/Mechanism 🧑‍🏫

Helius shares the update of Solana v1.18, exploring the improvements for the transaction scheduler, priority calculation, program deployment, and “The Congestion Patch” to handle congestion better.
0xSumanth shares the EigenLayers’s Actively Validated Services (AVS) ecosystem overview.
donnah.eth published “Forced txs vs based sequencing”, exploring the differences between live forced transaction mechanisms and based sequencing.
Movement Labs shares resources for learning Move and Move-based projects including Aptos, Sui, and Movement.
Jack McPherson curated a list of "awesome Reth-related resources".
Ventali published “A Zero Knowledge Paradigm: Part 2- Exploring zk-VM Design Trade-offs”, exploring key design decisions, their impact, and how to find the perfect balance for the projects.
ilemi shares a new comprehensive guide for understanding transactions, traces, and logs on any block explorer.
meltedblocks shares tips on how to rewrite EVM contracts to support Solana.
chrisdior.eth shares “Solidity Inline Assembly Vulnerabilities” published by @Dacain, diving into 6 vulnerabilities for using Inline Assembly to save gas.
RareSkills published “ERC-7201 Storage Namespaces Explained”, introducing ERC-7201, a standard to simplify managing storage variables during upgrades.
pluto introduces Ronkathon, a rust implementation of a collection of cryptographic primitives, aimed at demonstrating theoretical properties of applied cryptography alongside a concrete application in a programming language well-suited for cryptography.

Infrastructure 🏗

Ethereum

Wes Floyd introduces Pinception, a decentralized IPFS pinning service built as an AVS on EigenLayer, enabling developers to build arbitrary decentralized networks more easily.

L2s

Optimism released permissionless fault proofs on OP Mainnet, advancing OP Stack to Stage 1 decentralization.
Arbitrum Nitro v3.0.0 is out featuring support for ArbOS 30 Bianca and user-facing improvements. Arbitrum Nitro is a layer 2 optimistic rollup system including fraud proofs, the sequencer, the token bridges, and advanced calldata compression.
PepperDEX introduces the upcoming L2 solution SpiceNet, a Sovereign rollup based on the Sovereign SDK. SpiceNet uses the Rome protocol as a shared sequencing service, Celestia as a DA service, and Risc0 for generating ZK proofs to prove fault.
Polygon announces that the Agglayer-rs repository, the Rust implementation of the Agglayer, is now open-sourced.

L1s

Berachain launches bArtio B2 public testnet. Berachain is a Layer 1 blockchain compatible with EVM built on Cosmos SDK.

Bitcoin

Abdel, StarkWare ecosystem head, launches Catnet. Catnet is a custom Bitcoin signet enabled with OP_CAT, which will be used for the deployment testing of Bitcoin Circle STARK Verifier.

Security 👾

UwU Lend suffers a $19.4M exploit due to the manipulation of price oracle. UwU Lend is a DeFi platform integrating lending markets, investment strategies, and asset management vaults.
ChainLight released an internal report on the security analysis of the architecture of 20 RWA projects in four sectors: RWA Marketplaces, Infrastructure Layers, Credit Loans, and RWA-backed Stablecoins.

Bug Bounties 🐞

Integritee Network, a highly scalable and privacy-enabling network in the Polkadot ecosystem, launched a bug bounty program on ImmuneFi with bounties of up to $10,000 USDC.
Term Structure, a decentralized fixed-income protocol powered by zkTrue-up, launched a bug bounty program on ImmuneFi with bounties of up to $100,000 USDC.
Renzo Protocol, a LST and Strategy Manager for EigenLayer, increased the maximum reward of the bug bounty program on ImmuneFi to $500,000 USDC.
Utix, a decentralized e-ticketing platform, increased the maximum reward of the bug bounty program on ImmuneFi from $100,000 USDC to $500,000 USDC.
Vultisig, a multi-chain, multi-platform, threshold signature vault/wallet, launched an audit contest on Code4rena with a total reward of $41,600.

Product Launches 🚀

Rysk launched 100x, a zero-trading fee perp dex on Blast L2. Rusk are giving 100 XP to Rysk users, and have 114,144 Blast Gold to distribute until June 25th.
Moon.inc is live on Base L2. Moon.inc is a new token launchpad built on Ajna which allows for the creation of un-ruggable tokens that can be shorted or borrowed against on Ajna.

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