EigenLayer ERC-20 Token Restaking

Quick Take

• EigenLayer permissionless token support.

• MetaMask introduces a debit card.

• Offchain Labs launches a venture studio.

• Coinbase unveils plans for cbBTC.

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EigenLayer Permissionless Token Support

EigenLayer announced plans to introduce permissionless support for adding any ERC-20 token as a restakable asset on the protocol. The new feature will enable Actively Validated Services (AVSs) to secure their protocols using a broader range of assets. EigenDA will be the first AVS to utilize the permissionless ERC-20 token feature. A protocol-level upgrade for EigenLayer on the mainnet is scheduled for deployment next week. In Q3, EigenLayer will also release a web app update allowing restakers to deposit and delegate ERC-20 tokens to operators. The update comes as Symbiotic, a competing restaking protocol, introduced support for staking tBTC, a Bitcoin-pegged asset.

MetaMask Introduces A Debit Card

MetaMask, in collaboration with MasterCard and Baanx, introduced the MetaMask Card, a debit card that enables users to spend funds directly from their self-custody MetaMask wallet at any location that accepts MasterCard. The payment card will initially be available to a limited group of users in the EU and UK as part of a pilot rollout. MetaMask Card will leverage Linea, an EVM-equivalent ZK-rollup by Consensys, to facilitate cost-effective and secure crypto-to-fiat transactions. The card will support spending USDC, USDT, and WETH and integrations with Apple Pay and Google Pay. Users can check their MetaMask Portfolio dapp to determine eligiblility for the pilot.

Offchain Labs Launches Tandem Studio

Offchain Labs launched Tandem, a new venture studio focused on supporting innovative applications and infrastructure within the Arbitrum ecosystem. Tandem will support pre-product projects with financial investment, product strategy, research, technical integrations, marketing, and ecosystem development. Previously, Offchain Labs has partnered with Espresso Systems to develop Timeboost, a transaction-ordering design being integrated into the Espresso Sequencer to bring shared sequencing to Arbitrum. In addition, Offchain Labs oversees the Prysm Ethereum consensus client. Through Tandem, the studio aims to advance not just Arbitrum but also the broader Ethereum ecosystem.

Other News

• Coinbase unveils cbBTC

• EtherFi supports eBTC LRT

• Data Collection Grants Round results

• PartyDAO introduces NFT Sets

• Alt-DA options on OP Stack

• Tap to pay using USDC soon

• DuneCon 2024 map

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