A16z’s mystery ‘orange ball’ revealed — new L2 rollup client ‘Magi’

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Behind zkLend, a dual solution money market protocol for institutions and retail

zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market.  To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional clients and a…

Ethereum layer-2 Boba Network integrates The Graph

The Graph’s hosted service is about to be integrated into the Ethereum layer-2 scaling solution built on optimistic roll-up technology, according to a press release from Boba Network. The Graph is an indexing and query layer for web3, sometimes referred to as the “Google of Web3.” The beta integration means Boba developers can leverage the indexing…

Layer-2 money market ZkLend raises $5 million in seed round

Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. A month ago Yearn Finance launched its first layer-2 powered service on optimistic rollup protocol Arbitrum, and three weeks ago StarkWare themselves raised $100 million at a $6 billion valuation. The latest protocol to jump on…

Polygon includes $23 billion sports betting company DraftKings as network validator

Valued at $23 billion, DraftKings, a digital sports entertainment and gaming company, today joins the Polygon ecosystem as a validator and node operator, marking this the first time a major publicly-traded firm has taken an active role in blockchain governance. Polygon validators are responsible for verifying the authenticity and validity of transactions on the network…

Yearn launches its first Ethereum layer-2 service on Arbitrum

Yearn, the seventh-largest DeFi application on Ethereum by Total Value Locked (TVL), has launched its service on the Arbitrum Ethereum Layer-2 network. Four months ago, Yearn took its first steps outside of the Ethereum base chain when Yearn added support for the Fantom Layer-1 blockchain. By a tweet from Yearn’s Twitter account, the veteran DeFi…

ENS is taking first steps to Ethereum Layer-2 support

Ethereum Name Service (ENS) is taking initial steps towards adopting Ethereum Layer-2 support. With Layer-2 support users with .eth domain names, or new users looking to register a .eth domain name, will be able to transact paying less for gas fees and with shorter settlement times. While registering a .eth domain name by itself is…