Safe’s Post

#AccountAbstraction simplifies #crypto management by introducing smart contracts as wallets, making digital asset ownership more straightforward. In this article, you’ll find: - Vitalik Buterin’s Vision: Understand how #AA is reshaping the approach to account security and customization. - ERC-4337 Overview: Learn about the key components like UserOperations, EntryPoint Contracts, and Paymasters that give AA its flexibility. - Leading Tools: Explore platforms such as Biconomy, Alchemy, and Argent that are enhancing Web3’s accessibility for developers. Whether you’re actively building in Web3 or simply looking to stay informed, this article provides clear and concise information on Account Abstraction. You can read the full article here: https://lnkd.in/gKeWbJ-h

You might have heard about it already, but the blobs are coming! Tomorrow, Ethereum will undergo another major upgrade. The hardfork is estimated to take place at 3PM CET. The upgrade already went smooth and is live on several testnets, so everyone expects the upgrade to go live without hiccups on mainnet. Biggest change will be the roll-out of proto-danksharding, a rather strange term, aiming to enable scaling via layer2 scaling solutions. Layer 2's will be able to post "blobs" of data via a new transaction type on Ethereum, lowering the cost of submitting data to the chain. All sounds rather technical, but what it should mean for users is that transactions become a significantly cheaper and new use cases will be able to make use of blockchains connected to the Ethereum eco-system. Chains like Solana have been thriving lately because of low transaction fees, attracting a lot of users to use the chain for use-cases which are priced out on Ethereum. Solana is now the number 1 chain for stablecoin transfers, ahead of Ethereum and Tron. If you're interested to have a deeper look, L2beat provides a good overview of the various layer 2s which exist and how much they're being used today - https://lnkd.in/efKRCQbs #Ethereum #scaling #web3 #hardfork #dencun https://lnkd.in/eNH_X5Pm

💥Shared mempools are here! Account Abstraction is revolutionizing the way retail interacts with crypto, but has historically relied on centralized infra that left transactions vulnerable to failure Today, we're thrilled to announce shared mempools - an initiative we pioneered and built alongside ERC-4337, Alchemy, Candide, and Silius teams A shared mempool allows userops received by one bundler to be distributed to and verified by all its connected peers, decentralizing the bundling process and dramatically decreasing the likelihood of transaction failure Our Skandha bundler, Candide's Voltaire bundler, and Silius' bundler are already connected to the shared mempool 👉 Read the article here: https://bit.ly/3IClLSn

Over the past year, a new primitive has taken the Ethereum ecosystem by storm: restaking. Restaking on platforms like Eigenlayer enables crypto infrastructure such as data availability layers, oracles, and DeFi apps to leverage the value of staked Eth for their economic security in exchange for protocol fees and rewards, giving additional utility to the world’s second-biggest digital asset. However, locked ETH is illiquid, limiting the utility of staking or restaking because stakers cannot quickly enter and exit positions or leverage their stake as collateral in DeFi protocols. Following EigenLayer’s rapid growth, many liquid restaking token protocols have emerged to offer a solution, totalling over $5.4bn in TVL at the time of writing. But for our Digital Asset team, one stood out - ether.fi With over $2.7bn in Eth of TVL, ether.fi has the largest adoption rate and TVL growth of any liquid staking token. Read more about why we invested in the exceptional team and the product they're building in our latest piece by Sep Alavi, Marthe Naudts, and Robin De Baets. #restaking #ethereum

Dap into the next evolution of DeFi 🤜 🤛 One experience 150+ dApps Support for all major Ethereum L2s (and soon L1s) Together w/ partners Bitget Wallet, Base Name Service (BNS), Linea, LI.FI, NEAR Protocol, Coin68.com, Scroll, Coin68.com We're delighted to introduce DapDap’s Onboarding Month! 👇 https://lnkd.in/e2FwvtFq

آنچه خوبان همه دارند تو یکجا داری 😅 Rabby Wallet: A Secure and User-Friendly Gateway to the DeFi Universe 7 min read   In the #rapidly evolving world of #Decentralized #Finance (#DeFi), a user-friendly and #secure wallet is paramount. Enter Rabby #Wallet, an open-source, browser-based crypto wallet specifically designed for the DeFi ecosystem. This in-depth review, informed by the latest data and financial expertise, explores Rabby’s key features, functionality, and its place within the wider DeFi landscape. Designed for DeFi #Multi-Chain Support: Seamlessly navigate across diverse blockchains like #Ethereum, #Polygon, #Avalanche, #Arbitrum, and #Fantom. Rabby automatically detects and connects to the appropriate network based on the dApp you’re using. Security-First Approach: Rabby prioritizes user safety with its built-in security engine. Pre-transaction checks scan for potential risks, notifying you of suspicious activity before confirming transactions. Enhanced Transparency: Gain clear insights into your DeFi experience. Rabby displays estimated balance changes pre-transaction, helping you make informed decisions. Intuitive Interface: Rabby boasts a user-friendly interface, simplifying complex interactions within the DeFi space. Easily navigate between functionalities and manage your digital assets effortlessly. Key Features Connect to dApps: Interact with a vast array of DeFi protocols directly from your Rabby Wallet. The integrated dApp browser eliminates the need for switching between platforms. Token Management: Securely store, send, and receive various cryptocurrencies and tokens supported by the connected blockchains. Wallet Management: Create and manage multiple wallets within Rabby, keeping your finances organized and segregated. Advanced Features: For experienced users, Rabby offers advanced functionalities like custom RPC endpoints, transaction signing, and seed phrase support. https://lnkd.in/dDkJ7p9J

Skywards Integrates sUSDe to Aave V3 Skywards wants to integrate sUSDe with Ethereum’s Aave V3. Ethena names its staked dollar version sUSDe. The Aave governance process is now in motion. One of the main players in the DeFi ecosystem, Skywards, has proposed integrating Ethena’s synthetic dollar, sUSDe, into Aave V3, an Ethereum-based wallet. This suggestion, which indicates possible improvements to the Aave protocol, comes after an agreement established during the TEMP CHECK stage. Skyward AAVE Ethereum Network defi SOLUTIONS #AAVE #Ethena #ethereum #Defi #sUSDe https://lnkd.in/e_d_j4q5

Unlike what we all believed after the DeFi summer of 2021, trustless bridges have their own problems as we have learned many `expensive` lessons. We are on the verge of achieving true cross-chain interoperability and creating a verifiable web and DeFi ecosystem using zero-knowledge proofs. ZK is the future! #zkp #DeFi

Uniswap, the decentralized finance (DeFi) platform, has recently introduced a new feature that enables users to convert complex hexadecimal Ethereum addresses into human-readable names. This has been made possible by rolling out 'uni.eth' subdomains using the Ethereum Name Service (ENS) infrastructure. 💨 With the introduction of this new feature, users can now claim their uni.eth subdomain through the Uniswap mobile app, and they are offered one subdomain free of charge. This makes it easier for users to access Uniswap's decentralized exchange services and interact with others on the platform. 🔗 Moreover, changing names is made gasless, thanks to an off-chain resolver contract. This means that users can update their subdomain names without paying any gas fees, which can substantially save in the long run. 🤑 This new feature is an excellent addition to the Uniswap platform, making it easier for users to navigate the complex world of DeFi. It may have arrived a bit late, but it's better than never! 😉 If you feel this content is worth sharing, show your appreciation with a: 👍 Like 💬 Comment 🔁 Repost https://lnkd.in/exwzNyVg

Turns out, it's difficult to take the real world out of RWAs -- a great piece from the Federal Reserve Board's latest FEDS Notes on privacy, #tokenized assets, and public #blockchains 🔗🔗🔗 📌 Takeaways and discussion points 📌 1️⃣ In summary, the researchers found that smart contracts deployed on public #blockchains (i.e., Ethereum, Avalanche, Polygon Labs, etc.) provide some measure of #transparency... 2️⃣ ...but availability of source code access is vital to understand token capabilities and functionalities... 3️⃣ ...especially given the significant asset-specific customizations (i.e., off-chain integrations, controls, etc.) tacked on top of the base ERC-20 token standard 🪙 4️⃣ The FRB team also noted the potential implementation of a '#permissioned access' on a #permissionless network in future, representing an interesting design space (NB: see Polymath's #ERC1400 standard -- thanks Thomas Chew) 5️⃣ Good to read their analysis of EIB's #tokenized bond, which they highlight "contained a number of descriptive fields (e.g., interest rate, coupon frequency), which were then not used in other functions within the smart contract"... 6️⃣ ...suggesting that key processes associated with these fields (e.g., coupon calculation, lifecycle management, etc.) were handled elsewhere in the value chain 🤔 7️⃣ This underscores the nature of #finance -- whereby processes are often multi-party, multi-system, and even 'multi-format' (i.e., Excel files, API pipes, PDFs, emails, voicelogged phonecalls, etc.) 8️⃣ Indeed, some tech stacks are even 'multi-generational' in nature, especially when systems are too valuable / vital to risk refactoring, adding to the complexity of integrating modern applications with legacy infrastructure (See: ASX) 🤖 9️⃣ Interested to see how the next generation of 'non-custodial' #tokenized #RWAs will look -- and in particular, how they will overcome the challenge of 'real world' connectivity (See: Tether.to's tokenization announcement linked below) 🔟 PS: In the immortal words of Frank Herbert, "He who controls the spice, controls the universe"