Publication on SNARKs security vulnerabilities released

**Cloak** launches as a validium solution addressing crypto's privacy crisis. **Key Features:** - Uses **ZK proofs** to validate transactions without revealing data - **RPC Authentication Proxy** adds compliance and controlled access for institutions - Maintains **EVM compatibility** for seamless developer experience **Technical Implementation:** - **ERC-4361** (Sign In With Ethereum) for user authentication - **JWT tokens** and standard EVM calls for asset management - Balances **user confidentiality** with institutional compliance needs The solution targets the gap between privacy requirements and regulatory compliance in DeFi. [Read full breakdown](http://scroll.link/privacy-blog)

**Stablecoin development has fundamentally shifted** from experimental collateral mechanisms in 2021 to regulatory compliance and CEX integration today. **Key changes include:** - Compliance is now mandatory, not optional - CEX liquidity understanding is critical - Tokenized assets unlock new efficiency opportunities **The discussion covers:** - Evolution from fiat to crypto rails - Ethena's yield scaling approach - OnChain vs hybrid model trade-offs - Payment service providers and banking integration - Capital efficiency through composability **Technical insights:** - Card payment rails and their limitations - Liquidity challenges and FX cost management - CEX integration advantages for stablecoin projects - Collateral mobility across different market hours **Future outlook:** Tokenized credit products and real yield mechanisms represent the next frontier, moving beyond simple pegged assets toward more sophisticated financial instruments. This analysis from Dragonfly Capital provides builders with a roadmap for navigating today's stablecoin landscape.

Scroll has launched a comprehensive Delegate Accelerator program to train the next generation of effective DAO delegates. The 7-week curriculum includes: - Interactive workshops - One-on-one mentorship with veteran delegates - Practical experience through mock voting - Skill-building through gamified challenges **Key Details:** - Application deadline: June 23rd - Program focus: DAO governance and delegation - Goal: Building the Open Economy [Apply for the program here](https://app.deform.cc/form/5e670c2f-179c-4041-a37c-037216e5b8c2/?page_number=0)

Tempest Finance has launched AI-powered vaults on Ambient Finance, offering users simplified liquidity management through one-click optimization. The vaults are now natively deployed on the Scroll network. Key features: - Single-click liquidity management - AI-powered optimization - Native integration with Ambient's web frontend - Full deployment on Scroll network The integration streamlines DeFi operations for users seeking efficient portfolio management without complex manual adjustments.

At Devcon's ZK Connect panel, @yezhang1998 presented on ZK technology beyond rollups, covering: - Public verification of large computations - Developer experience improvements - TEE and ZK comparisons - zkEVM vs zkVM distinctions - Future applications in AI, email, and social login Upcoming events include: - WOW Summit: ZK in AI era with @yezhang1998 - Multichain Day featuring @_emjlin - Evening Fireside Chat with @chainlink and @razacodes Panel participants included representatives from MetaMask, Lita, nil, and Automata.