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GM, Tim here.

Heres what caught my DeFi-eye recently:

Ethereums core developers are targeting the first quarter of 2025 for the networks next major upgrade.

The plan was solidified in the latest Execution Layer Meeting, a fortnightly gathering of Ethereum developers.

Dubbed Pectra, the hard fork will introduce several new EIPs or Ethereum Improvement Proposals with a focus on user-centric improvements.

Perhaps the biggest change planned for Pectra is Ethereum co-founder Vitalik Buterins EIP-7702.

The EIP, which Buterin wrote in just 22 minutes, aims to speed up the adoption of Account Abstraction.

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Account Abstraction promises to make Ethereum more intuitive and safer to use.

It gives Ethereum wallets the ability to programme transactions, allowing blockchains to replicate services banks and other money-transmitting services offer, such as scheduling payments.

Pectra will also introduce the EVM Object Format through a group of 11 EIPs to make it easier for developers to introduce new features and deprecate old ones.

Solana Labs is deep in development for its second smartphone dubbed Chapter 2.

DL News Liam Kelly sat down with Steven Laver, the projects lead software engineer.

This has that big, skys the limit energy, Laver told DL News in a rare interview. This feels like madness, but at the same time, this feels like the end result.

Solanas plan for Chapter 2 is ambitious.

It wants to liberate crypto from desktop computers and the dominance of app platforms.

The Apple App Store has removed crypto apps most notably MetaMask in October. It was later reinstated.

Both the Apple App Store and Googles Play Store charge developers fees between 15% and 30%.

Solana, Laver said, will offer an alternative.

We take a much lighter hand with our policy, he said. Were trying our best to get out of the way.

Consensys CEO Joe Lubin says his company could use crypto-native methods to tap public investment.

If we do go public in some form, weve always been biased to using our own technology to do something, Lubin told DL News.

Consensys is one of cryptos biggest companies. Its behind several widely-used tools such as the MetaMask wallet and infrastructure suite Infura.

In the crypto world, many view projects tokenisation or airdrop events in which a token is created and distributed to its most loyal users as akin to initial public offerings.

For years, there have been hints about a MetaMask airdrop. With more than 30 million users, the distribution of a MetaMask token would make quite a splash.

Lubin said Consensys is also eyeing acquisitions.

The board just approved something, he said. Were very active.

Other than hinting it was a venture in the cybersecurity area, Lubin was coy on the details.

Deposits to Ethereum layer 2 blockchains just hit an all-time high of $47.4 billion, per data from L2Beat.

(L2Beat)

But in Ether terms, token have been flowing out of layer 2s since an all-time high on May 13.

(L2Beat)

Ethers 25% rally since Bloomberg Intelligence analysts revised their odds of a spot Ethereum ETF on May 20 has helped buoy the metric.

VOTE: Redacted rebrands to Dinero Protocol

VOTE: Radiant DAO supports protocols expansion to Base

VOTE: CoW DAO lowers bonding requirements for CoW Protocol solvers

DefiLlama dev 0xngmi proposes a new lending protocol optimised for looping redeemable assets, like Ether and its liquid staking and restaking tokens.

Uniswaps DAO will finally vote on whether to change the protocol so its fee mechanism can reward UNI token holders.

Got a tip about DeFi? Reach out at tim@dlnews.com.

The rest is here:

Vitalik Buterin's 22-minute proposal set to go live in next Ethereum upgrade - DLNews