Uniswap CEO’s Bold EIP Proposal, INTMAX’s Stateless zkRollup for EIP-7702, Rhinestone’s Omni Account, Resource Locks vs. Escrow Contracts
We are welcoming you to our weekly digest! Here, we discuss the latest trends and advancements in account abstraction, chain abstraction and everything related, as well as bring some insights from Etherspot’s kitchen.
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INTMAX’s Stateless zkRollup for EIP-7702
INTMAX is introducing a stateless zkRollup architecture to improve Ethereum’s scalability, privacy, and transaction efficiency. Founder Leona Hioki highlighted the importance of EIP-7702, an Ethereum proposal enabling traditional accounts to function as smart contracts without requiring costly deployments. This update simplifies account abstraction, reducing gas fees and making Ethereum more accessible. However, Hioki noted that Layer-2 adoption remains a bottleneck, as integration across the ecosystem takes time.
INTMAX’s stateless zkRollup shifts computation and storage to users’ devices, reducing reliance on blockchain nodes. This approach enhances scalability while maintaining Ethereum’s security. Unlike traditional rollups, INTMAX ensures stable gas fees, preventing congestion-based cost fluctuations. Hioki compared it to Plasma and Lightning Network, but with improved design, eliminating issues like channel capacity limits. While the system sacrifices some programmability, it prioritizes scalability and affordability.
Privacy is another key focus. Hioki warned that AI-powered blockchain analytics could expose financial data, making decentralized privacy solutions essential. INTMAX’s architecture provides built-in anonymity, protecting users from exploitation. Hioki emphasized that financial transparency, often seen as a benefit, can become a liability without adequate privacy safeguards.
Hioki sees EIP-7702 and INTMAX as complementary, enhancing Ethereum’s scalability and usability. INTMAX plans full support for EIP-7702 once deployed, aiming to reduce gas fee volatility while ensuring security and privacy.
Etherspot & Arcana X Space Recap: Resource Locks vs. Escrow Contracts
Etherspot CTO Partha and Arcana Network Founder Mayur explored the evolving landscape of Chain Abstraction in an X Space discussion, comparing two key approaches: Resource Locks and Escrow Contracts. The conversation delved into decentralization, security, solver models, and scalability, outlining their impact on developers and end-users.
Partha highlighted Etherspot’s approach of utilizing modular Smart Accounts (ERC-7579) and session keys for the resource locks approach to retain user funds within wallets while enabling instant cross-chain liquidity. Mayur explained Arcana’s preference for Escrow Contracts, emphasizing accessibility and usability for EOA users, prioritizing speed and efficiency over auction-based solver selection.
Both agreed on the need for a standardized interface between solvers and orchestrators to improve cross-chain liquidity. They discussed the challenges of capital efficiency, ensuring solver reliability, and reducing fragmentation as Chain Abstraction expands. Looking ahead, Partha expressed excitement about EIP-7702’s impact on Ethereum smart accounts, while Mayur emphasized AI-agent interactions in Web3 and their potential synergy with Chain Abstraction.
With Etherspot Pulse’s decentralized solver network launch and Arcana’s upcoming mainnet on the horizon, both projects are set to play a major role in shaping the future of multi-chain interoperability.
Rhinestone Omni Account Launch
Rhinestone has introduced Omni Account, an intent-powered smart account designed to unify cross-chain balances and streamline interoperability. Built on Across and in partnership with Magic Labs, Omni Account leverages ERC-7579 Smart Accounts and EIP-7702 Smart EOAs, eliminating fragmented liquidity and enabling seamless cross-chain interactions.
At the core of Omni Account is the Resource Lock Hook, a module allowing smart accounts to make irrevocable onchain commitments, and the Orchestrator, which sequences transactions and ensures fund security. By integrating with Circle, Omni Account supports USDC as the preferred gas token for cross-chain stablecoin transactions, simplifying asset movement across networks.
Compatible with Safe, Biconomy’s Nexus, and Magic’s Newton Smart Account, Omni Account introduces trustless execution and cross-chain intents without requiring users to pre-fund destination chains. The system also incorporates just-in-time deployments and solver-based swapping, enhancing Ethereum’s horizontal scaling strategy.
Omni Account is now in production under private beta, with ongoing partnerships and API integrations available for developers.
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SSV DAO Introduces SSV 2.0 to bApps to Ethereum
SSV DAO has introduced “SSV 2.0,” a new framework designed to bring based applications (bApps) to Ethereum, leveraging its validator set directly from Layer-1. This initiative aims to eliminate security risks associated with centralized sequencers and improve network interoperability.
The updated framework represents the most ambitious project for SSV Network to date. Based rollups, a key part of this technology, address Ethereum’s current fragmentation by ensuring that applications inherit Ethereum’s security and execution capabilities directly from its validators. This contrasts with the current Layer-2 model, which relies on centralized sequencers to process transactions before posting them back to Ethereum.
Ethereum developers see based rollups as a breakthrough in reducing ecosystem fragmentation while maintaining security. SSV Network’s bApps gain security directly from Ethereum’s Layer-1, avoiding reliance on external tokens like those used in current restaking models. This alignment with Ethereum’s native infrastructure minimizes cascading risks.
As part of the initiative, the SSV DAO is proposing the transformation of the SSV Network into a bApp itself, shifting from its role as a DVT-powered staking infrastructure. This transition will also involve an evolution in SSV’s tokenomics to support the broader based economy.
“This announcement marks a transformative leap for bootstrapping Ethereum security, addressing the growing demand for Layer-1 anchored interoperable solutions,” the SSV team stated in their release.
Uniswap CEO Proposes Controversial EIP to Transform Ethereum Ecosystem
Uniswap CEO Hayden Adams has proposed a controversial Ethereum Improvement Proposal (EIP) suggesting a one-time ETH inflation event to acquire leading DeFi projects and Layer-2 solutions. Adams argues that pre-committed DAOs could facilitate this process, unifying Ethereum under a single economic model.
The proposal has sparked discussions within the Ethereum community. Some, including C-node, have suggested forming a consortium to draft an EIP for collective acquisitions, while others, such as Optimist Prime, have emphasized the importance of Ethereum-wide coordination over competition. Ethereum advocate Jill Gunter also called for neutrality and collaboration among L2 teams, aligning with Vitalik Buterin’s vision for scaling Ethereum while reducing reliance on Layer-2s for basic transactions.
The debate arises amid governance concerns following the Ethereum Foundation’s recent leadership restructuring and key departures, including Eric Conner, who cited frustrations over Ethereum’s internal direction. Meanwhile, Vitalik Buterin has floated the idea of an Ethereum Staking Foundation, while Justin Sun has proposed his own revival plan to enhance Ethereum’s usability and adoption.
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