White hat hacker grumbles over Arbitrum bounty reward after saving network from $475M loss

Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a max … Read more

Vitalik Buterns reveals Layer-3s to have “bigger role” as Layer-2 scaling ecosystem matures

Blockchains are usually referred to as either a Layer-1 or Layer-2 solution. Layer-1s are the base layer of an ecosystem such as Ethereum, Cardano, or Solana. Layer-2 solutions are anchored to Layer-1 blockchains and provide scalability. Layer-3s can also exist; however, you cannot stack another layer on top of Layer 2 to add even more … Read more

Messari report alleges Optimism growth is inorganic

Blockchain analytics firm Messari released a report alleging that the growth of Ethereum Layer2 network Optimism (OP) is inorganic, There is evidence that @OptimismFND‘s growth is inorganic. Optimism’s transacting addresses grew sharply from ecosystem incentives but fell off in recent weeks. @Arbitrum has managed consistent active user metrics without offering any incentives for network usage. … Read more

Will Ethereum Layer-2 chains survive after The Merge?

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum is finally moving to proof-of-stake this year, and with that, the aim is to: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions. Chains such as Polygon process over … Read more

Behind zkLend, a dual solution money market protocol for institutions and retail

zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market.  To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional clients and a … Read more

Ethereum L2 solution Optimism to launch new governance model, token via airdrop

After weeks of speculations, leading Ethereum Layer-2 solution Optimism has announced that it will be launching and airdropping a governance token — OP — designed to give its users more power and control over its ecosystem. Optimism’s unique bicameral governance model The governance system is a unique bicameral model in which two different entities will work … Read more

Ethereum layer-2 Boba Network integrates The Graph

The Graph’s hosted service is about to be integrated into the Ethereum layer-2 scaling solution built on optimistic roll-up technology, according to a press release from Boba Network. The Graph is an indexing and query layer for web3, sometimes referred to as the “Google of Web3.” The beta integration means Boba developers can leverage the indexing … Read more

Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana

Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the multi-chain bridging platform connecting blockchain networks. “As the first EVM+ integration on both Karura and Acala, this cross-chain interoperability will enable Acala and Karura users to enjoy asset integrations and … Read more

Layer-2 money market ZkLend raises $5 million in seed round

Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. A month ago Yearn Finance launched its first layer-2 powered service on optimistic rollup protocol Arbitrum, and three weeks ago StarkWare themselves raised $100 million at a $6 billion valuation. The latest protocol to jump on … Read more

Synthetix to launch perpetual futures on Ethereum scaling solution Optimism

Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent … Read more