RaaS #410: Eth L1 Scaling By Local Nodes!

Liquity V2 Live With Throttled Redemptions, Strategy Under Class Action Lawsuit, and Moar!

Sei Giga, by Sei Labs, offers 5 gigagas/sec throughput and sub-400ms finality via the Autobahn protocol. It separates data verification from consensus to boost speed and resilience. It aims to rival Ethereum L2s while preserving decentralization and incentives.

Lido Finance introduces Auxiliary Proposer Mechanisms (APMs) to help Ethereum Node Operators adopt tools like PBS and preconfirmations. Aimed at boosting efficiency and rewards, APMs support decentralization and will be governed by LDO token holders via an upcoming DAO vote.

Polygon co-founder Sandeep Nailwal outlines how monolithic chains offer composability but lack scalability, while modular chains scale well but fragment liquidity. Polygon’s Agglayer uses ZK-proof-based interoperability to unify ecosystems, combining scalability with seamless user experience.

Hudson Jameson introduces the Agglayer Visualizer, an interactive tool that simplifies how Polygon’s Agglayer processes secure, cross-chain transactions. Built with Supermarket Design and Polygon’s DevRel team, it helps users understand interoperability from the view of L1s, bridges, and wallets.

Nairolf explains Realized Extractable Value (REV), a metric combining gas fees and MEV to measure value users pay to transact. Though useful, REV can mislead, high REV may indicate user extraction, not utility, while low REV might reflect low fees, not poor usage.

Liquity V2 launched throttled redemptions, capping redemption rates over 48 hours to reduce risk and allow users time to adjust interest rates. This setup also enables arbitrage of under-peg BOLD, while improving collateral safety with ETH, wstETH, and rETH redemptions.

Native rollups process L2 transactions using Ethereum’s EXECUTE precompile, syncing L2s directly with Ethereum’s main chain. While they reduce governance complexity, they raise data costs and limit VM flexibility, challenging existing rollups to adapt.

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Vitalik Buterin proposes improvements to Ethereum L1 scalability to support local nodes. Key ideas include EIP-4444 (limit historical data to 36 days) and partially stateless nodes (store only user-needed state). Goal: reduce reliance on centralized RPCs and boost decentralization.

Michael Saylor and Strategy (formerly MicroStrategy) face a class action lawsuit alleging they misled investors about their Bitcoin strategy. Filed May 16, the case highlights growing legal scrutiny of corporate crypto holdings amid rising market volatility.

Top Gainers: COLLAT, KTA, ALPHA, SX, CLANKER.

f(x) Protocol airdropped $300K+ in xPOSITIONs to 1,000+ users, offering 3x BTC/ETH exposure with no fees or liquidations via its “Liquidation Brake.” Claims are open for 15 days. Non-recipients get a 50% FXN fee rebate to encourage protocol participation.

ether.fi launches “Mint, Spend, Earn,” a rewards campaign offering 600,000 ETHFI tokens for Cash card users. Get 13.3 ETHFI per $1,000 spent and up to 5% cashback. Two reward pools: deposits (300K) and spending (300K). Personal cards only.

That’s all for today, see ya later!