Protocol Village: Coinbase Launches Passkey-Based 'Smart Wallet'

Coinbase Launches 'Smart Wallet'

June 5: Coinbase is launching its browser-based 'Smart Wallet' infrastructure. The tech will allow wallet developers to provide users with passkey-based logins, easy access to Coinbase balances and the potential for gasless transactions. The wallet supports multiple EVM-based L2 networks and integrates with popular existing wallet SDKs.

GnosisDAO Spins Off Karpatkey

June 4: GnosisDAO voted to spin off karpatkey as a stand-alone entity managed by the KPK token. Karpatkey has managed over $2.6 billion in treasuries since its launch, providing risk management and on-chain financial services. Karpatkey’s clients include Uniswap, GnosisDAO, CoW, MakerDAO, Safe, and Arbitrum, among others, according to a representative for Gnosis.

Mantle EcoFund Deploys $5M

June 4: Mantle EcoFund, with a capital pool of $200M, deployed $5M in its second capital call. "Seven Mantle Ecosystem SocialFi and gaming projects have received fresh funding: MetaCene, Blade Games, Co-Museum, Fingerlabs, L3E7, and DreamOS," said Mantle. "The newly inducted projects within Mantle EcoFund portfolio underscore Mantle’s belief in the transformative power of SocialFi and gaming applications to onboard the next billion users to web3."

Everclear Launches Clearing Layer for Web3

June 3: Connext has rebranded to Everclear to build a Clearing Layer for Web3, solving liquidity fragmentation for modular blockchains. Everclear secured $5 million from Pantera Capital and launched its testnet to reduce liquidity management costs across chains. According to Everclear, their system "can reduce the cost and complexity of solving and liquidity management across chains by as much as 90%."

Nuklai HelixVM Early Testnet Launches

June 2: Nuklai, a layer-1 blockchain built for artificial intelligence, launched the first phase of its HelixVM Early Testnet, introducing core functionalities for developers and users. The testnet allows transferring tokens, minting, and other interactions, supporting developers to build on HelixVM.

JOJO Implements ZK-Proof for Funding Rates

May 29: JOJO, a perpetuals exchange on Coinbase's Base blockchain, is partnering with Brevis, to implement ZK-proof technology for funding rates. This aims to bring price stability and better liquidity for traders by efficiently calculating funding rates. "A precise funding rate is essential to perpetual futures, as it keeps contract prices aligned with spot prices," the company said. "Even so, it's computationally intense. With Brevis' ZK Coprocessor technology, the funding rate can be calculated efficiently and quickly, creating an accurate funding rate to benefit all traders."

Helix 2.0 by Injective Launches

May 29: Helix, a decentralized spot and derivatives exchange on Injective, released Helix 2.0, featuring new trading tools and support for new perpetual futures contracts. "Helix 2.0 broadens DeFi trading capabilities by offering TradFi market-making tools and opens new gateways to capitalize on RWAs in decentralized markets," said Injective, who shared the news with CoinDesk.

API3 Strategic Funding Round

May 28: API3 has completed a strategic funding round led by DWF Labs, raising $4 million. The funding will enhance liquidity and support API3’s growth strategy, according to the company. API3’s Total Value Secured (TVS) has increased significantly to over $1 billion, the team says, as it has integrated with new chains like Optimism Superchain and Worldcoin.

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Coinbase Launches 'Smart Wallet'

GnosisDAO Spins Off Karpatkey

Mantle EcoFund Deploys $5M

Everclear Launches Clearing Layer for Web3

Nuklai HelixVM Early Testnet Launches

Celo Integrates Chainlink CCIP

SCRYPT Funding Round

JOJO Implements ZK-Proof for Funding Rates

Helix 2.0 by Injective Launches

API3 Strategic Funding Round

The Graph Demos AI Chatbot

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