Ethereum biweekly vol.50🎉
4th August — 18th AugustMedalla experienced instability, CRV token launched, Aave and Set v2 introduced, The YAM experiment, 1inch launched Mooniswap, EDCON took place, Devcon Improvement Proposals (DIPs) announced, and much more!Oh, wow! These two years have come and gone by in a flash! So here is the 50th issue of ‘Ethereum biweekly’ — our traditional report which covers various topics from Ethereum milestones, ecosystem news, protocol and projects’ updates, researches, new podcast episodes, and more! Thank you, Ethereans, for reading us! We sincerely appreciate your interest and support, and will continue to do our best to deliver you a high-quality and intriguing content!
So without further ado, Paradigm has a few areas to cover today.
First and foremost, Medalla experienced instability last week as Prysmatic’s client did not correctly deal with a Cloudflare outage and then local storage got deleted in an emergency hotfix. This instability showed why Ethereum 2.0 needs and incentivizes client diversity. Check out detailed recaps of the Medalla testnet launch and further events and developments from Lighthouse, Nimbus and Prysm below.
As for Layer 2 news, SKALE Labs, the core team behind the SKALE Network, has announced over 40 integration partners and validators, in addition to the Dapps that joined the SKALE Innovator program and are currently building on the platform. Hermez is a new zk-rollup created by Iden3’s Labs, introduced. It uses SNARKs for validity proofs with on-chain data availability and can scale Ethereum to 2000 transactions per second. Golem takes a step forward towards the adoption of Layer 2 scalability solutions on Ethereum, with the UX-first approach by Matter Labs’ zkSync. Nick Johnson from ENS posted a proposal for an optimistic-rollup type system that would substantially reduce gas costs for claiming DNS domains.
What’s more, YAM, an experiment in fair farming, governance and elasticity, launched with unaudited code, got to 600M in value, subsequently a bug froze 750K. It went down and is back to 400M. All of this happened in a few days. Set V2 introduced, a new protocol built to give users and portfolio managers access to all of the exciting opportunities available to them in DeFi. Aave V2 will include new features like repay with collateral, debt tokenization and native credit delegation, fixed rate deposit and much more. 1inch launched Mooniswap, where liquidity providers earn part of the impermanent loss through delayed price updating over 5 minutes. The Aragon team introduced a program to decentralize those opportunities to community members: Aragon Experts. Curve DAO has launched. MetaMask to stop injecting window.web3 in November plus Provider API breaking changes. The REN pool is now live on Bancor V2. Compound Labs has officially launched the Open Price Feed. A new Gnosis Safe App is live. Omen has surpassed 1M in volume. Status adds images, audio messages and emoji reactions. A healthy monthly update from Kyber including updates on the KyberDAO, network stats, token metrics and much more was published. Randomness Summit and EDCON 2020 took place. And much more!
Last week, Devcon Improvement Proposals (DIPs), a new tool to involve collaborative community input from across the ecosystem, were announced. They are aimed at improving the Devcon experience by formalizing a process to get your ideas heard and integrated into the event. Can’t wait for Devcon next year! Our team is truly desperate to meet you, dear Ethereum family, again IRL! We miss you!
With having a successful two years in production, ‘Ethereum biweekly’ updates will continue to be a one-stop-shop that collates all the most important Ethereum news every two weeks. Thank you for being with Paradigm! More to follow! ⬙
#Ethereum
https://medium.com/paradigm-fund/ethereum-biweekly-vol-50-8c6fbaf939e7
