Week in Ethereum News May 4, 2024

Pectra (Prague + Electra) upgrade (meta EIP7600)

Latest all core devs – consensus (ACDC) call video. Recap from Alex Stokes. Notes from Christine Kim:
- Confirmation rule research: algorithm determines if block always in canonical chain
- Pectra-devnet-0: plan to launch in ~10 days, client teams making good progress, attestation refactoring for EIP7549 taking extra time
- EIP7684 return deposits for distinct credentials: proposal to mitigate deposit front-running for staking pools
- PeerDAS: client teams making progress, synchrony assumption on sampling discussion
consensus-specs/releases v1.5.0-alpha.1: CL spec target of pectra-devnet-0, bug fixes for test cases & new fork tests
EIP2537 BLS12 precompile benchmarks
Future of EOA/AA breakout call #2 scheduled for May 7
- Yoav Weiss: Account Abstraction roadmap, towards native AA starting with L2

Centralization watch: threatening the value of your ETH

🚨 Lido at 28.68% still too close to 33.3% threshold
Client diversity (via clientdiversity.org):
- Execution layer: Geth ~63% majority
- Consensus layer: Prysm 38%
- Any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe

Layer 1

Erigon switching development to v3
Slashing Proofoor: prove a validator hasn’t been slashed using EIP4788 beacon block root in EVM
Terence: builder reveal timing game post ePBS

Client Releases

For Stakers

Teku adds client info to graffiti: appends client types & versions to improve client diversity data, opt-out

Layer 2

EIPs/Standards

Stuff for developers

EIP5792 site (wallet call API): API reference, capabilities & ecosystem support
Wagmi v2.8.0: adds experimental EIP5792 actions & hooks
Reth Execution Extensions (ExEx): post-execution hooks for building offchain infrastructure

Security

Pike ~$2M in two exploits, first via weak security handling of cross-chain transfer protocol transfers (identified by auditor) and second via faulty upgrade to pause the protocol
DeFi risk modeling: security implications of economic research

Ecosystem

Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail

Onchain stats

Gas fees (via ultrasound.money): 3.4 to 91.4 gwei, with 8.4 gwei average
- Zero net issuance currently at 23.2 gwei
- 11k ETH net issuance this week
ETHUSD: $2,859 – $3,342, currently $3,102
ETHBTC: currently 0.049 (Flippening at ~0.16)

Notable at app layer

Fantasy.top (CryptoTwitter fantasy sports game) live on Blast.
- If you need a signup code
Friendtech v2: adds clubs & $friend airdrop
Eigen token, non-transferable & airdrop geoblocked after allowing deposits from those countries
Aave proposed roadmap: v4, cross-chain liquidity layer, real world asset products built around GHO stablecoin and Aave network
Paragraph acquires Mirror
DefiLama airdrops: check any address, no signing or signup required
Gitcoin Grants donation history for an address
A look at yields in DeFi this week

Regulation/business/tokens

General

END OF SERVICE: plan to deprecate Week in Ethereum News

(new/changes in bold)

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