Optimism Network Prepares for EIP-4844 Upgrade
Optimism Network Prepares for EIP-4844 Upgrade
馃毃 Brace for Impact
The Optimism network, a layer-2 scaling solution for Ethereum, is set to implement the EIP-4844 upgrade tomorrow, March 13th, 2024. This upgrade is expected to significantly reduce transaction costs on the Optimism network and the broader Superchain ecosystem. The Optimism team is building anticipation among its community members, dubbed 'riders,' for the cost-saving benefits of this upgrade.
We're just one day away from EIP-4844 significantly reducing transaction costs on @optimism and the broader Superchain. Are you ready, riders? 馃毚馃挩
A sneak preview of gas costs on @Optimism in just 12 days. Get ready for the blobs. welovetheblobs.xyz
Velodrome Liquidity Pool Rewards Update
Velodrome's latest Slipstream LP rewards show strong yields across multiple pairs: - ASTR-USDC.e offering ~571% APR - ASTR-WETH at ~417% APR - oUSDT-WETH yielding ~326% APR - USDT0-WBTC providing ~195% APR These rates reflect Velodrome's continued dominance as the primary DEX across 8 chains on the Optimism Superchain. Recent volume metrics show consistent growth, with cumulative trading reaching $31B and daily volumes regularly exceeding $100M.
Relay Contract Vulnerability Results in $250k Griefing Attack
A vulnerability in Relay's permissionless contract calls allowed griefing attacks during specific Wednesday time windows. The issue affected both OP Mainnet (~$80k) and Base (~$170k) networks. Key points: - User funds remained secure throughout - No smart contract exploitation occurred - Issue resolved via contract call permission updates - Affected partners notified The team will release a detailed incident report and continue coordination with relevant stakeholders.
Soneium ACS Rewards Distribution Goes Live
After a 100+ day campaign period, Soneium has begun distributing $ASTR rewards to participants of eligible Velodrome pools. - Rewards can be claimed at [ACS claim portal](https://acs.astar.network/) - Additional earning opportunities available through [incentivized pools](https://velodrome.finance/liquidity?filters=Soneium) *The ACS campaign was a collaboration between Astar Network and Soneium ecosystem to reward user engagement on Velodrome.*
Amplifi Rebrands to Earned Network, Integrates with Velodrome on Mode Network
**Earned Network** (formerly Amplifi) has announced a strategic integration with Velodrome to enhance DeFi capabilities on Mode Network. Key updates: - Automatic stablecoin swaps now available across various liquidity pools - Integration leverages Velodrome's unique on-chain data structure - AI Agent integration capabilities maintained post-rebrand The partnership aims to streamline DeFi operations and improve liquidity management on the Mode Network ecosystem. Learn more about the transformation at [@Earned_Network](https://twitter.com/Earned_Network)
Velodrome Maintains Market Leadership on Soneium
Velodrome continues its strong performance on Soneium, maintaining its position as the leading DEX platform. Recent highlights: - Achieved #1 DEX status with highest trading volume - Consistently outperforming all other DEXs combined - Sustained $30M+ weekly trading volume This follows a pattern of growth, with recent weeks showing more than double the average volume compared to previous months. *Trading metrics indicate sustained market dominance rather than temporary spike.*