Week in ETH News, December 6, 2020 - this issue made possible by Matcha from 0x!
🚀 Proof of stake successfully launches
Eth News and Links
Eth1
Leading game theorist Tim Roughgarden publishes his positive analysis of 1559
Latest eip1559 implementation call. Beiko’s notes, with a path to mainnet
Proof of Stake launches successfully
The Beacon chain launched, with the first block graffiti reading “Mr F was here” (beaconscan, beaconchain) and the network participation rate quickly reaching an astonishing 98-99% (beaconchain, beaconscan)
Meanwhile the deposit contract is over 1m ETH, so now more than 1% of all ETH is locked for staking. That number is only going to go up, right now that puts annual staking rewards at 14.6%. That means the network is continually increasing its decentralization
There have been 3 slashing events, all by stakers (and a pool known as Ankr) running their keys on multiple machines. This was already a known bad idea! Slashing is bad, going offline is very insignificant in comparison
Before genesis, Prysmatic published slashing prevention tips. It emphasized that you should never run your key in multiple places.
Pre-launch what’s new in eth2
Superphiz: hold off on staking with trusted pools/exchanges
Proof of Stake plans
Layer2
Loopring’s AMM is live on their zkrollup (though limited to LRC/ETH for now)
Golem’s latest release uses Zksync zkrollup for transfers
Deversifi’s validium (off-chain data held by committee) upgrades to StarkEx v2 which includes fast withdrawals and a Turing-complete STARK proof language, though non-conformant ERC20 tokens (OMG, USDT) won’t work for another month
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Stuff for developers
Exploring eth2 attestation rates with chaind
Video from latest dev onboarding call
Infura buys anysender and releases it as Infura transactions (relayer that auto-bumps gasprice) on testnet
“Decentralized Github” Radicle’s first public release
A (non-audited) package of code for using different oracles
RicMoo’s ethersJS update; eip712, React native testing
Security and incidents
Ethernaut updated to Solidity v0.6 and web3js v1.2.7
Rari had a logic error leading to an overflow; fixed and no funds lost
Saffron had a bug where SFI got locked for 8 weeks
CP3R rug pulls for $11m
Ecosystem
Vitalik updates his version of Ethereum’s roadmap with progress bars
Johoe’s “mempool statistics” now includes the Ethereum transaction pool
Enterprise
Visa partners with Circle to help card issuers integrate USDC so you can spend USDC with your card
Baseline as a service demo day on Dec 10
Layer2 knocks down barriers for enterprise to use mainnet
Application layer
Aave v2 is live. Native credit delegation, gas optimizations, swap collateral, fixed and variable rate borrowing
Nexus Mutual unveils cover for some centralized custodians
1inch now submits your transactions directly to miners to avoid some frontrunners
Paradigm’s Uniswap problems: liquidity providers can beat impermanent loss
A gas futures token launches on UMA so you can hedge gasprices going up
Regulation/business/tokens
Messari report: Eth2 is the evolution of the cryptoeconomy
Canada’s Ether Cap becomes first public company to stake ETH
S&P to issue Dow Jones branded crypto indexes next year
A fund buys OmiseGo from Omise/Synqa
Congressional Democrats all-in against crypto this week: 1) left-wingers propose STABLE Act regulations against stablecoins and running a node. 2) House Banking Committee chair Maxine Waters asks Biden to repeal OCC’s crypto-friendly rules
General
MyCrypto Winter returns; an advent calendar with security tips (and prizes!)
Shapeshift’s FoxCrypt: one time message encyption
Phone apps sell your location data to everyone
Job Listings
Circle is hiring! Please check us out: https://www.circle.com/en/careers
Linum Labs is hiring a CTO & a Fullstack developer (Remote)
0x looking for devs of all types and a Matcha marketing manager
Expand Chainlink Labs’ presence as the Head of Sales
Trail of Bits is hiring blockchain security devs & cryptography analyst
Want your job listing here? $250 per line (~75 character limit including spaces), payable in ETH (or 250 DAI or 250 USDC) to evan.ethereum.eth. Questions? thecryptonewspodcast at-gmail
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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-dec-6-2020/
Dates of Note
Upcoming dates of note (new/changes in bold):
Dec 17 - Gitcoin grants matching ends (here’s Week in Eth News)
Dec 22 - Deadline to apply for proof of stake community grants
Feb 5-12 - ETHDenver (virtual)
Mar 2-4 - EthCC4 (Paris)
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