Quick Take
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Concerns are raised over 32mb data blobs.
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EigenLayer introduces an AVS rewards program.
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Bluid DEX launches an NFT pass.
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Ethereum.org announces the 2024 translation contest.
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Concerns Over 32MB Data Blobs
Geth developer Péter Szilágyi raised concerns about Ethereum researchers' plans to increase data blobs to 32mb as part of PeerDAS. While the change is not anytime soon, Szilágyi warned that it would significantly impact local block production, effectively pushing out most home stakers due to the high bandwidth requirements. Szilágyi also criticized Ethereum researchers for being accepting of centralized solutions, highlighting potential conflicts of interest with researchers allegedly running their own MEV relays. He points out that advancements in the private mempool, MEV, and centralized builders contribute to a decline in home stakers and a dwindling public mempool. PeerDAS is a data availability sampling solution that is beneficial for rollups. It leverages existing peer-to-peer components to allow nodes to access parts of blob data without downloading the entire dataset. Although a larger data blob size contributes to scalability, it increases bandwidth requirements for nodes. The initial implementation of PeerDAS is currently slated for inclusion in Pectra.
EigenLayer AVS Rewards Boost
EigenLayer announced plans to launch an AVS rewards boost program in conjunction with the activation of AVS rewards functionality on mainnet. EigenLayer allocated 4% of its total EIGEN supply to programmatic incentives for restakers and operators. Rewards will be distributed based on the rewards given by AVSs and are separate from the Season 2 Stakedrop allocation. Actively Validated Services (AVSs) leverage the economic security of Ethereum restakers to secure consensus for their own networks, allowing both restakers and node operators to earn rewards for their participation. Since its launch just over a year ago, EigenLayer has become the second-largest protocol on Ethereum by TVL, with over 4.8 million ETH, valued at $15.7 billion.
Fluid DEX Launches NFT Pass
Fluid, a liquidity layer developed by Instadapp, released the Fluid Pass NFT in preparation for the launch of its DEX. Whitelisted users, including those from Lido, EtherFi, Milady, and Earndrop, can mint the first edition pass. The utility for the NFT will be revealed at a later date, potentially offering early access to the DEX. Fluid DEX is designed for capital efficiency, featuring Smart Debt and Smart Collateral functions. The innovative features allow debt to be converted into trading liquidity, enabling users to earn trading fees to offset borrowing costs. The collateral is deployed in AMM liquidity to generate trading and lending fees. The DEX is set to launch in the coming weeks.
Ethereum.org Announces 2024 Translatathon
Ethereum.org announced the return of its annual Translatathon program, a community-driven initiative to translate the website into more languages. Individuals and small teams are invited to participate, with translation contributors competing for a share of $30,000 in prizes. Applications are open until August 9th, and the program will run from August 9th to 18th.
Other News
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ACDC #138 recap
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Erigon v2.60.5 release
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Abstract Chain goes live on testnet
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Gemini suffers a data breach
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Eclipse mainnet next week
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ethOS v3.0.3 updates
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Applications open for GG21
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92,000 ETH transfer is staked
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Lido introduces custom Dappnode