Web3 Builder News 7/15-7/21

Solana Foundation announces $400K Grant, Dialect introduces the Blinks SDK, Beacon Proxy pattern explained

Grants & Accelerators

• Solana Foundation announces a $400,000 grant for open-source developers working on Solana Actions and Blinks Tool.

Hackathons & Events 🧑‍💻

• WalletConnect announces the "Build the New Internet" hackathon, the UX-focused virtual hackathon for builders with total bounties of $50,000.
• TONX announces Code Summer Hackathon, a TON hackathon for developers to compete for a $500K prize pool and secure a spot at the TONX Accelerator with a $5M funding pool.

Research 🧑‍🔬

• 0xvon, Enrico Bottazzi, Masato, and Nam Ngo published “A Note On Securely Finding Minimum Mean Cycle”, proposing a new protocol to improve the efficiency of finding the Minimum Mean Cycle (MMC) in a graph and ensure privacy by using Multi-Party Computation (MPC).
• Kyungmin, bicoCrypto, and solmingming published “What is RealTPS in Blockchain”, introducing a new tool to measure TPS better.
• Lin Oshitani published “firmations with Multi-round MEV-Boost”, exploring a new method called Multi-round MEV-Boost to improve the speed and efficiency of blockchain transactions.
• nero.eth published “Diseconomies of Scale: Anti-Correlation Penalties (EIP-7716)”, suggesting a new rule (EIP-7716) to make validation rewarding fairer by penalizing big operators if their validators are too similar, encouraging diversity and decentralization.
• taetaehoho explores MEV capture, infra costs, and composability in different sequencing designs and why one big roll-up is an underexplored solution.
• Drew VanderWerff published “Commit-Boost: Proposer Platform to Safely Make Commitments”, proposing a new tool for Ethereum validators to safely make commitments.

Tooling 🛠

Ethereum

• Paradigm releases spice, a Python client for extracting data from the Dune Analytics API.
• Polygon introduces Plonky3, a modular toolkit for building use-case-specific zkVMs and zkEVMs.
• Nethermind Sedge v1.4.0 is out featuring supports for Lido Community Staking Module on Holesky, MEV-boost on Holesky, and keys to generate 0x01 withdrawal credentials.
• Nethermind released an open-source executable formal model of the EVM and Yul written in Lean 4.
• YieldNest introduces PointGuard, a protocol points system that is validated by an Active Validator Service (AVS) powered by EigenLayer.
• PartyDAO introduces create.party.app, a minting platform using ERC20 tokens, with creator royalties and automated secondary markets built-in.
• devjoshstevens introduces rindexer, an open source, no-code blazing fast EVM indexing tool built in Rust.
• Ian J shares the mind map visualization of the Circle Developer Platform.

Solana

• Dialect introduces the Blinks SDK, the Actions interface with style presets, customizable themes, and Chrome extension support.
• Dialect introduces the Blinks Public Registry, a public good API for discovering and building with the hundreds of blinks.
• Solana Name Service (SNS) open-sourced its smart contracts.

Education/Mechanism 🧑‍🏫

• RareSkills explains storage slots in Solidity and the EVM.
• Solidity Team published an explainer on via-IR, breaking down what it is, comparing the legacy and via-IR pipelines, and discussing the plans for making via-IR default.
• RareSkills explains how the Beacon Proxy pattern works. A Beacon Proxy is a smart contract upgrade pattern where multiple proxies use the same implementation contract, and all the proxies can be upgraded in a single transaction.
• Luganodes explains how Preconfirmations work and how to produce sub-second finality for Ethereum.
• Paradigm shares a curated repository containing examples of Reth Execution Extensions (ExEx).

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Infrastructure 🏗

L2s

• Taiko introduces Gwyneth, a booster rollup synchronously composable with Ethereum, designed to improve scalability and user experience.
• ApeCoin launches ApeChain L2 testnet Curtis for gaming enthusiasts, aiming to enhance the utility of the APE token.

Avalanche

• blocmates shares a breakdown of the Avalanche ACP-77 upgrade, featuring staking and reward flexibility, reduced off-chain costs for dev teams, a new fee mechanism, and more support for the already-thriving gaming subnets.

Security 👾

• LI.FI, a multi-chain liquidity aggregation protocol, suffered a $11.6M exploit due to a bug similar to the attack on Li.Fi on March 22, 2022.
• WazirX, the Indian crypto exchange, suffered a hack of 235M due to the security breach of its multi-sig wallets.
• Rho Markets, the liquidity layer on Scroll, suffered a $7.5M hack due to unauthorized access by a malicious actor exploiting an oracle control vulnerability.
• Security Alliance shares a retrospective for the Squarespace DNS hijacking attacks and discusses how to coordinate industry-wide incident response.
• Charles Wang shares the Denial-of-Service attack caused by the nonReentrant modifier, which is designed to prevent reentrancy attacks.

Bug Bounties 🐞

• ZeroLend, a multi-chain lending protocol, is launching an audit contest on Sherlock with a total reward of $62,000 .
• Karak, a decentralized multi-chain staking protocol, launched an audit contest on Code4rena with a total reward of $55,500.
• Zaros Finance, a perpetual DEX powered by boosted (re)staking vaults, launched a bug bounty program on Cyfrin CodeHawks with a total reward of $60,000 .
• INIT Capital, the liquidity hook money market, launched a bug bounty program on HackenProof with bounties of up to $100,000.
• Folks Finance, a capital markets protocol for lending and borrowing, launched a bug bounty program on ImmuneFi with bounties of up to $100,000.

Product Launches 🚀

• Hermetica launched USDh on Runes. USDh is the first Bitcoin-backed, yield-bearing stablecoin on Stacks and Runes. Users can stake USDh to earn up to 25% plus points.
• Chromia L1 launches its MVP mainnet. This release introduces the native CHR token, enabling the migration of ERC-20 and BEP-20 CHR tokens to the network.

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