Optimism Superchain Developer Console

Quick Take

• Optimism Superchain Developer Console.
• Securitize formally introduces the BUIDL fund.
• EigenLayer outlines liquid restaking risks.
• Sablier raises a $4.5 million seed round.

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Optimism Superchain Developer Console

Optimism launched the Superchain Developer Console, a new resource portal designed for developers building on the Superchain. The console includes resources for all seven Superchain members, including access to testnet funds, funded paymasters, Safe smart wallet integrations, quick start guides, and personalized UX feedback. The console features dedicated support channels for developers, up to $200 in contract deployment rebates, and marketing support opportunities. Alchemy, Gelato, Quicknode, and Thirdweb are also offering promotional credits for Superchain builders. The initiative aims to ignite growth and reduce the operational costs for developers.

Securitize Announces BUIDL Fund

Securitize formally announced its partnership with BlackRock to launch the BlackRock USD Institutional Digital Liquidity Fund, a tokenized fund on Ethereum that offers accredited investors with access to USD yield. Coined as BUIDL, the fund offers a stable asset that is pegged to the US dollar and backed by U.S. Treasuries. BUILD is rebasing and accrued yield is distributed to investors as new tokens onchain. Securitize says it enables for onchain ownership and trading of fund shares, providing instant settlement and transparency to investors. Initial fund partners include Coinbase, BitGo, Anchorage, and Fireblocks. Mountain Protocol is also tapping into the fund as a seed client.

EigenLayer On Liquid Restaking Risks

EigenLayer released an article outlining the risks involved with Liquid Restaking Tokens (LRTs), which are created by independent protocols that use native restaking on EigenLayer to provide a liquid solution. The article notes that while LRTs introduce innovation, they also add complexity and risk to the restaking ecosystem. The article notes that LRT projects could be under risk-taking pressure to compete with each other. EigenLayer highlights risks related to looping and leveraged strategies that could amplify losses, as well as the issues arising from liquidity challenges and unclear unstaking processes, resulting in losses when users are forced to sell their assets in markets with low liquidity.

Sablier Raises $4.5 Million Seed

Token streaming platform Sablier raised a $4.5 million seed funding round. The company intends to use the funds to grow its team, enhance its existing product suite, and launch a new payment platform dubbed Sablier V3. Sablier enables users to create token streams featuring various locking mechanisms, such as linear, cliff, timelock, and exponential. Sablier also supports voting power from streaming governance tokens. Data from DeFiLlama indicates that Sablier's TVL in its V1 and V2 releases is $5.3 million.

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