Weekly Rollup #55
Fluent's EigenLayer week | Kyve Now Supports Celestia Data Storage | Dymension LP Pools are live | Conduit L3s | Modular Project Raises | Week ending Feb 23rd
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This week’s issue covers:
Fluent Announcements: It’s EigenLayer Week!
Kyve Now Supports Celestia Data Storage
Dymension LP Pools are live
Conduit L3s
Modular Project Raises
More News & Announcements
More Education & Discourse
📣 News & Announcements
Fluent Announcements: It’s EigenLayer Week!
It was a huge week for Fluent, as the zkWasm L2 just announced a series of three announcements, all in collaboration with EigenLayer. Here’s a rundown of all three.👇
Fluentbase
The first of these announcements was the unveiling of Fluentbase, a rollup framework that developers can leverage to deploy their own custom, dedicated zkWasm chain. Rollups built with Fluentbase will be bale to leverage different EigenLayer AVSs, starting with EigenDA & Espresso, but will add more over time.
For reference, other rollup frameworks include OP Stack, CDK, etc. While most Ethereum-based frameworks are EVM-specific, Fluentbase provides a completely new flavor for developers to build with, while still retaining that Ethereum composability.
Fluent using EigenDA
Just one day later, the team announced that Fluent will be using EigenDA as its underlying data publication network.
zkWasm execution
EigenDA for data publication
Ethereum settlement
Modularism not maximalism 🧱
Bridging
The third and final announcement from Fluent’s EigenLayer week was the unveiling of their two bridging mechanisms.
As you already know, Fluent is an Ethereum L2 network, meaning in order to start using the network in the first place, you must bridge funds over from the L1 (ignoring L2<>L2 bridging for the sake of this piece), as you would with any other L2 network. As a user, you’ll have two options:
option 1: highest security: this means just using Fluent’s native canonical bridge (similar to the traditional method any L2 user is used to).
option 2: highest yield: This is for those who want to earn some extra yield while bridging to the network, at the expense of taking on some additional risk. Here, under the hood, the user funds will be deposited into EigenLayer AVSs, such as EigenDA, Espresso & others.
Congrats to the entire Fluent team for the milestone achievements! Infinite sum games ∞
Kyve Now Supports Celestia Data Storage
Kyve now supports Celestia data storage on testnet, with mainnet data storage expected to follow soon.
what is the difference between data storage & data availability/publication?
data availability: ensures data from the latest block is made available and can be verifiable by any node on the network
data storage: ensures blockchain data can be stored and retrieved (data is stored permanently, or at least for a very long time)
As you already know, Celestia is a data publication network - it allows rollups to post their data onto the network so that, which gives users assurances that rollups deployed on top of Celestia are acting honestly.
Celestia operates as a data publication network, serving as a platform for rollups to publish their data. These rollups will need to post their data to Celestia to provide users with assurance that the rollups are acting honestly. However, Celestia currently only retains this data for 30 days before it is deleted, whereas Kyve provides permanent (or at least for a very long time) storage of historical data, ensuring that valuable information remains accessible and preserved for the long term.
Dymension LP Pools are live
Dymension’s liquidity layer is officially live, meaning users can start depositing tokens into the LP pools for increased rewards.
As we can see from the graphic below, every LP will have to use DYM as the base token, unless another base token is added through governance (TIA one day?).
The first set of whitelisted tokens that can be paired with DYM includes USDC, TIA, ATOM, USDT, & OSMO - you can see the liquidity, 7-day trading volume, and APR listed below.
Over time, we’ll see RollApps add their own tokens to this liquidity layer.
Now that Dymension has launched its liquidity layer, we should expect to see the Permissioned Rollapps phase, as described here, launch soon.
Conduit L3s
Conduit (RaaS) now enables 1-click deployments of L3s on Base, Mode, & Zora, all with Celestia underneath.
As many of you know, Conduit enables users to deploy their own rollup “in one click”. Base, Mode, & Zora are all examples of rollups deployed using Conduit.
These three Conduit-based rollups will serve as the settlement layer for their respective L3 ecosystem. So if I were to deploy an L3 on top of Base, then I’d get access to the users and liquidity already existent on Base.
Many people believe much of the app layer will live along an ecosystem of L3s - I mean, if we thought computing on L2s would be cheap, imagine on L3s. However, this does bring (again) the question of fragmentation. While Base L3s may have seamless interoperability with one another, this may not be the case when going from one L3 on Base to an L3 on Starknet, which has also committed to the L3 vision. Will the experience be the same as it is with L2s? Sure, the L2 user experience itself isn’t great right now, but things are going in the right direction with teams like Hyperlane, Omni, and others.
Regardless, I expect to see many L3 deployments this year, especially as we see more and more RaaS platforms enable this for users. Conduit was not the first RaaS to enable L3 deployments, and it certainly won’t be the last.
Project Raises
It was a week full of raises - are we back?
EigenLayer Raises $100M from a16z
Citrea, the Bitcoin L2 being developed by the Chainway team, has just announced a $2.7M seed round led by Galaxy.
AltLayer announced a $14.4M raise.
Clave announces a $1.6M pre-seed round, led by the Matter Labs team, which means we can probably expect the payments-focused team will be pretty involved with the zkSync ecosystem.
More News & Announcements
Optimism partners with EZK: This partnership is specific to the RetroPGF initiative, and involves using EZK’s zk-tech, (zk-proofs) to enable private & secure voting.
Check out Mitosis, building a modular liquidity protocol that “redefines cross-chain liquidity”.
Ancient8 officially hits mainnet, meaning anyone can permissionlessly get started on the gaming chain, whether as a builder, or player. It looks like their ecosystem has grown quite a bit since we last spoke about them, here. Some games already live include Onchain Clash, MasterDuel, & more.
Caldera (RaaS) integrates Near’s data publication network into its suite of offerings.
StarkWare & Polygon Labs introduced Circle STARK. This one is more for the “math heads”, but as they put it “In a nutshell, Circle STARK works with a 2-smooth P+1 (as opposed to P-1), unlocking the uber-efficient M31 field for STARKs”.
New update regarding STRK: Check out the full post to learn the exact vesting schedules, but the TLDR is that token vesting schedules for early contributors & investors has been pushed back. “0.64% of the 10 billion tokens initially minted (64 million tokens) will unlock on April 15, as opposed to the planned 13.4% (1.34 billion tokens)“.
Defi season on Starknet is here, as the Foundation announced that 40M STRK will be distributed to users across different defi apps on the L2 network.
Learn how Sindri (a Celestia rollup that was built using Rollkit’s rollup framework), is enabling teams to leverage zkML.
Gaimin, Movement Labs, & BNB Chain announce their joint collaboration in developing a gaming rollup using the Move stack.
Check oout this cool fantasy app on Base.
Celestia stakers can start claiming their ALT allocation - have until March 5th to claim!
Celestia coming to Bitcoin rollups?
MilkyWay leverages Axelar to bring milkTIA into the EVM ecosystem.
Kinetix Network launches BTCX, a bitcoin ZK light client leveraging Succinct’s technology to enable users to use their BTC on Ethereum defi apps.
Ritual will be building its own AI-focused chain leveraging EigenLayer security,
Moso becomes the latest Caldera integration partner, bringing its shopping experiences to Caldera Chains.
50% bridging costs reduction following the latest Scroll network update.
Cronos releases its litepaper for the zkEVM that they’re building using the ZK Stack (by zkSync).
Babylon testnet is launching this week - learn how to get the commemorative NFT.
NodeOps now enables Avail light node deployments “in 1 click”.
Darwinia Network, from the Polkadot community, is launching its own OP Stack chain on Ethereum. They’ll be utilizing AltLayer’s RaaS platform, as well as Avail for data publication.
The Human Insititute, Animoca Brands, & Polygon Labs, have just unveiled Humanity Protocol, branded as “the human layer”. Put simply, this protocol uses palm recognition rather than alternative methods like iris recognition, on smartphones. Plus, it uses zk-technology to preserve user data privacy.
Fuel Labs unveiled its “operating system for Ethereum”. In short, developers will be able to launch their own rollup using Fuel’s tech stack, along with the performance benefits that come with it, including native parallelization, state minimization, and account abstraction, without giving up Ethereum security. Plus, Fuel rollups are expected to be interoperable with one another.
ICYMI, Optimims just did announced Airdrop #4, distributing 10M OP across 22K wallets. Check out the link to learn how to claim.
Alchemy unveiled Modular Account, “The most performant, enterprise-grade smart account implementation that is fully compliant with ERC-4337 and ERC-6900”.
That's all for this week! Thanks for reading 🧱🎬