Web3 Builder News 6/10-6/16: 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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