Week in DeFi: EELS, MakerDAO Co-Founder Favors Solana and Akash Mainnet Goes Live

The Ethereum Foundation introduces Ethereum Execution Layer Specification (EELS), enabling better prototyping and proposals for the chain. MakerDAO co-founder puts forth a proposal to fork the Solana codebase for Maker’s “Endgame.” Finally, Cosmos chain, Akash Network, successfully undergoes a huge upgrade, going live with Akash Mainnet 6.

Big week for DeFi! Let’s dive deeper into what went down in DeFi this past week.

Overview: Base and Cosmos Show Strength Against Market Decline

Total value locked (TVL) across all chains stayed largely flat after a full retracement of the move up in the markets resulting from the SEC’s decision regarding the Grayscale lawsuit. Nevertheless, chains such as Coinbase L2, Base, and Ethereum Virtual Machine (EVM) compatible Cosmos chain, Evmos, show strength, with TVL growing 114% and 70.3% respectively in the past week.

Source: DeFiLlama

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Ethereum: Ethereum Introduces EELS

L2s: StarkNet Restores Users’ Funds

Polygon Labs releases the Polygon Chain Development Kit (CDK), the evolution to Polygon Supernets. Polygon’s CDK allows builders to easily deploy a zero-knowledge powered L2 chain that is connected to the entire existing Polygon ecosystem.

Solana: Maker Proposes Solana Fork

MakerDAO co-founder and CEO Rune Christensen proposes Solana’s codebase for their native blockchain “NewChain,” citing several advantages that Solana offers over other competitors, namely Ethereum. MKR and DAI would still be on the Ethereum blockchain.

Cosmos: Akash Mainnet 6 Upgrade

Another Week, Another Airdrop

Blue-chip bridge, Altitude DeFi, will be opening up claims to their ATLD airdrop to eligible wallets on September 8 on Arbitrum. Users will be able to claim 10% of their total airdrop when it opens, with the remaining 90% open for claims over the nine months after.

StarkNet wallet, Braavos, leaks an article on the StarkNet token, STRK, which has since been deleted.