CCIP Goes Live On Base Mainnet
Developers can now build CCIP-powered cross-chain solutions on Base.
Quick Take
- CCIP goes live on Base Mainnet.
- Pimlico releases a TypeScript library for ERC-4337 operations.
- Michael Egorov fully repays his Aave V2 position.
- Rated Labs raises $12.8 million.
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Optimism Highlights 🔴✨
CCIP Goes Live On Base
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now live on Base Mainnet, an OP Stack chain by Coinbase. Developers can now build CCIP-powered cross-chain solutions on Base, including arbitrary messaging, cross-chain transfers, cross-chain collateral, and cross-chain account abstraction. CCIP also provides Simplified Token Transfers, a bridging solution that uses audited token pool contracts for burning and minting tokens. Several projects have already integrated Chainlink CCIP on Base, including Raft, Nuon, Folks Finance, and Polychain Monsters. CCIP was first launched to mainnet in July.
Pimlico Releases ERC-4337 Web SDK
Pimlico, a provider of account abstraction infrastructure, released permissionless.js, a TypeScript library that functions as an SDK for handling ERC-4337 user operations, bundlers, and paymasters. Permissionless.js is built on viem, an alternative Ethereum TypeScript interface to Ethers.js and web3.js, The library is designed to eliminate complexity with small bundle sizes, optimized network calls, and improved type safety. Developers can integrate the library into their existing viem client using a single command. Pimlico already offers developers an ERC-20 Paymaster and ERC-4337 Bundler written in Typescript.
Egorov Repays Aave V2 Debt
Curve Finance founder Michael Egorov has completely repaid his CRV-collateralized position on Aave V2. As reported by Lookonchain, Egorov deposited 68 million CRV into Silo Finance as collateral and borrowed more than $10 million in stablecoins, which he used to clear his outstanding Aave V2 position. During the summer, amidst a declining CRV price, Egorov partially repaid various defi positions. Due to the potential risk of bad debt on the protocol, Aave considered suspending CRV as a collateral type on Aave V2. Egorov still holds over $40 million in debt collateralized by CRV, spread across Silo, Fraxlend, Inverse, and Crream.
Rated Labs Raises $12.8 Million
Rated Labs raised a $12.8 million Series A funding round led by Archetype. As the enterprise behind the validator rating platform, Rated Network, the project aims to allocate the fresh capital toward improving existing products, extending support to new proof-of-stake chains, and upholding transparency and data integrity. Rated Labs has collaborated with the Liquid Collective to establish standards for monitoring performance and governing active validators.
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