Week in Ethereum News, May 4, 2024
Eth News and Links
Pectra (Prague + Electra) upgrade (meta EIP7600)
Latest all core devs – consensus (ACDC) call video. Recap from Alex Stokes. Notes from Christine Kim:
Confirmation rule research: algorithm determines if block always in canonical chain
Pectra-devnet-0: plan to launch in ~10 days, client teams making good progress, attestation refactoring for EIP7549 taking extra time
EIP7684 return deposits for distinct credentials: proposal to mitigate deposit front-running for staking pools
PeerDAS: client teams making progress, synchrony assumption on sampling discussion
consensus-specs/releases v1.5.0-alpha.1: CL spec target of pectra-devnet-0, bug fixes for test cases & new fork tests
EIP2537 BLS12 precompile benchmarks
Future of EOA/AA breakout call #2 scheduled for May 7
Yoav Weiss: Account Abstraction roadmap, towards native AA starting with L2
Centralization watch: threatening the value of your ETH
🚨 Lido at 28.68% still too close to 33.3% threshold
Client diversity (via clientdiversity.org):
Execution layer: Geth ~63% majority
Consensus layer: Prysm 38%
Any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
Erigon switching development to v3
Slashing Proofoor: prove a validator hasn’t been slashed using EIP4788 beacon block root in EVM
Terence: builder reveal timing game post ePBS
Client Releases
Consensus layer:
Nimbus v24.4.0: stability & performance improvements
Execution layer:
Erigon
Otterscan v2.5.0 alpha: improved Optimism support
For Stakers
Teku adds client info to graffiti: appends client types & versions to improve client diversity data, opt-out
Layer 2
Lattice Redstone live, uses Plasma mode offchain data availability
EIPs/Standards
EIPs:
EIP7701: Native account abstraction with EOF
ERCs (application layer):
ERC7700: Cross-chain storage router protocol
Stuff for developers
EIP5792 site (wallet call API): API reference, capabilities & ecosystem support
Wagmi v2.8.0: adds experimental EIP5792 actions & hooks
Reth Execution Extensions (ExEx): post-execution hooks for building offchain infrastructure
Security
Pike ~$2M in two exploits, first via weak security handling of cross-chain transfer protocol transfers (identified by auditor) and second via faulty upgrade to pause the protocol
DeFi risk modeling: security implications of economic research
Ecosystem
Ethereum reached 1 million validators
Job Listings
Devcon: Production Magician & Volunteer Coordinator
ChainSafe: Head of Protocol Engineering and Developer Relations - Sygma
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
Gas fees (via ultrasound.money): 3.4 to 91.4 gwei, with 8.4 gwei average
Zero net issuance currently at 23.2 gwei
11k ETH net issuance this week
ETHUSD: $2,859 - $3,342, currently $3,102
ETHBTC: currently 0.049 (Flippening at ~0.16)
Notable at app layer
Fantasy.top (CryptoTwitter fantasy sports game) live on Blast.
If you need a signup code
Friendtech v2: adds clubs & $friend airdrop
Eigen token, non-transferable & airdrop geoblocked after allowing deposits from those countries
Aave proposed roadmap: v4, cross-chain liquidity layer, real world asset products built around GHO stablecoin and Aave network
Paragraph acquires Mirror
DefiLama airdrops: check any address, no signing or signup required
Gitcoin Grants donation history for an address
A look at yields in DeFi this week
Regulation/business/tokens
Former Binance CEO CZ sentenced to four months prison
ENS challenge Unstoppable Domains patent
General
Vitalik: Binius, efficient proofs over binary fields
Dutch arrest ZKasino rugpuller
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-may-4-2024
Upcoming Dates of Note
(new/changes in bold)
May 7 – Gitcoin Grants 20 ends
May 10-11 – ETH Bratislava conference & hackathon
May 21-23 – DappCon (Berlin)
May 24-26 – ETHBerlin hackathon
May 31-Jun 2 – ETHDublin hackathon & conference
May 31-Jun 2 – ETHPrague conference & hackathon
May 31-Jun 5 – ETH Belgrade hackathon & conference
Jun 14 – EF EIP4844 data challenge deadline
Jun 21-23 – ETHKyiv hackathon & conference
Jul 8-11 – EthCC (Brussels) conference
Jul 12-14 – ETHGlobal Brussels hackathon
Jul 26-30 – EDCON Tokyo conference
Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
Aug 23-26 – ETHTokyo hackathon & conference
Aug 29-31 – ETHAccra hackathon
Sep 5-8 – ETHWarsaw conference & hackathon
Sep 9-15 – ETHSafari (Kenya)
Sep 12-14 – NapulETH (Napoli)
Sep 20-22 – ETHGlobal Singapore hackathon
Sep 26-27 – ETHMilan conference
Oct 4-6 – ETHRome hackathon
Oct 17-19 – ETHSofia conference & hackathon
Oct 18-20 – ETHGlobal San Francisco hackathon
Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon
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