Today, we are excited to open source PolyLend: a peer-to-peer lending protocol allowing users to borrow USDC against conditional token positions, the underlying share type supported by Polymarket.  A key feature is that no price oracles are required.  PolyLend is heavily inspired by Blend, a lending protocol which supports NFTs as collateral.

Governance-approved, permissionless fault proofs are live on OP Mainnet, and with them the OP Stack arrives at Stage 1. This is a monumental milestone for the Superchain, and soon more OP Stack Chains will upgrade to include this functionality, starting with Base, Metal, Mode, and Zora.

In the beginning, there was nothing. Then a protocol appeared.

A compilation of +45 core Ethereum contributors looking back on the last two years, and looking ahead to what’s next.

It’s been a while since I wrote about PBS last, and given the activity on that front over the recent months, this feels like a good time to jump back in. Some of it here is more unstructured thoughts, grasping for connections that aren’t quite clear yet but feel already decent enough to discuss.

501 builders, writers, creators, educators, and contributors from across the Optimism ecosystem have been allocated a portion of 30M OP! RetroPGF Round 3 rewarded contributors for the impact they provided to the Optimism Collective across four categories: OP Stack, Collective Governance, Developer Ecosystem, and End User Experience and Adoption. View the full list of awarded contributors here.

In December, the Base core team came together to reflect on our first year of building and focus on what’s ahead. Fueled by learnings from Coinbase teams and ecosystem collaborators, we're excited to share what we’re focusing on in 2024.

An overview of all EIPs to be included in Ethereum's Dencun upgrade, including both Consensus and Execution Layer upgrades!

Over the last year and a bit, I have written extensively about blockchain applications in general, and strict global consensus in particular. While there’s certainly a niche audience interested in this topic, it’s unpopular, and I hadn’t seen anyone mention or talk about it. @randomishwalk said it best! I have written at this point over a dozen blog posts about this topic because I continue to believe it’s the most important in crypto currently. Infra and scaling is “solved” - with limitless “TPS” on the horizon with new technologies like validity proofs and data availability sampling. The real question is what will actually use the exponential increase in scale? To answer that, understanding strict global consensus is critical.