Quick Take
OpenSea Foundation unveils $SEA.
Scroll launches its Security Council.
Paradigm releases Foundry v1.0.
EF deploys 50,000 ETH into DeFi.
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OpenSea Unveils Upcoming $SEA Token
The OpenSea Foundation confirmed the upcoming launch of its native NFT marketplace token, $SEA. The foundation emphasized that historical OpenSea usage will play a key role in the token’s distribution. It also assured that the claims process would be simple and U.S. users would be eligible. However, no launch timeline has been provided. OpenSea v2 (OS2), a fully redesigned version of the NFT marketplace that introduces XP rewards for users, is also now live in open beta. OS2 integrates NFTs and ERC-20 tokens in one place, supports 14 chains, enables native cross-chain purchasing, and enforces a 0.5% marketplace fee. Users can now earn XP for making listings, placing collection offers, and maintaining loyalty to OpenSea.
Scroll Launches Security Council
Scroll, an EVM-equivalent ZK Rollup, established the Scroll Security Council, a 12-member governance body tasked with overseeing protocol upgrades, emergency responses, and governance oversight to enhance the security of the Scroll network. The council has the authority to bypass Scroll governance for urgent upgrades. Approval from a 9-of-12 multisig is required to execute changes. Members serve in staggered bi-annual elections, divided into two six-member cohorts. The current council includes representatives from L2BEAT, OpenZeppelin, the Ethereum Foundation, Zellic, Gauntlet, Rotki, Powdr, and Shield3. The launch aligns with Scroll’s goal of achieving Stage-1 rollup decentralization, which requires the presence of a security council.
Paradigm Announces Foundry v1.0
Paradigm released Foundry v1.0, a major update to its Ethereum development toolkit, bringing faster compilation, improved testing, enhanced debugging, greater stability, and support for upcoming Pectra and Fusaka EIPs. The release introduces new cheat codes for gas snapshots, wallet utilities, code deployment, and symbolic execution, enabling a more developer-friendly experience. The release also includes faster feedback loops and better test coverage. Foundry is designed to provide quick and efficient smart contract development, testing, and deployment. Developers can now upgrade to Foundry v1.0 or refer to the migration guide for details on breaking changes.
EF Deploys 50,000 ETH Into DeFi
The Ethereum Foundation finalized its initial deployment of 50,000 ETH into DeFi as part of its commitment to having a more active role in the Ethereum ecosystem. The allocation includes 10,000 ETH in Spark Protocol, 30,800 ETH in Aave, and 4,200 ETH in Compound Finance. The Foundation’s 3-of-5 Safe wallet now holds approximately $133 million in assets.
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ACDE #205 summary
Pectra client releases for testnets
Nethermind releases v1.31.0
dDocs releases Comments v0.2
ZKLend suffers $9.5m exploit
Union Fintech launches ZK Stack chain
Ephemery testnet activates Pectra
OnchainKit introduces Earn
Coinbase $6.6b in Q4 earnings
Doodles introduces $DOOD
