permissionless

Anatoly Yakovenko (toly), co-founder of Solana Labs, responded to discussions about the decentralization level of Hyperliquid, stating that he has raised the same criticism for all L2s: the key to determining whether a system is permissionless lies in whether users can participate in any part of the protocol stack using their own resources without approval from a trusted third party.If they cannot, it is not permissionless. Toly stated that no matter what users do, they cannot run the Base sequencer or the Hyperliquid sequencer, so this is the same issue he criticized with L2s.

According to Bitcoin Magazine, U.S. Congressman Warren Davidson from Ohio stated that the value of Bitcoin lies in its being a "permissionless, peer-to-peer payment system" that allows individuals to have direct control over their funds, without third-party intervention, and enables rapid asset transfers.

According to The Block, the decentralized oracle network RedStone has launched a dedicated data oracle called HyperStone, which supports Hyperliquid's HIP-3 framework, enabling permissionless perpetual contract market creation.This new infrastructure aims to provide developers building derivative markets with faster and more reliable price data sources. HyperStone will serve as the data backbone for HIP-3 markets, allowing developers to launch perpetual contracts on almost any asset, from cryptocurrencies to tokenized stocks and real-world data.RedStone stated that HyperStone has been running on the testnet for over 60 days, providing more than 103 million data updates in the ETH, BTC, and TSLA test markets. This launch is part of RedStone's larger expansion within the Hyperliquid ecosystem.The company claims that it has secured approximately 99.5% of the value protected by oracles on HyperEVM and has become the official price data provider for Hyperliquid's native stablecoin USDH.

ChainCatcher news, according to The Block, Hyperliquid is expected to activate a significant protocol upgrade HIP-3 later, which will support the creation of perpetual futures markets without permission. A Hyperliquid administrator announced in the protocol's Discord channel that the network upgrade will include the activation of HIP-3.The administrator stated, "HIP-3 will be enabled during this network upgrade. There will be no immediate changes for users. Once the deployers meet the on-chain requirements and are ready, they can deploy perpetual contracts for trading." The project mentioned in a previously disclosed document that HIP-3 (Hyperliquid Improvement Proposal 3) will support perpetual contracts deployed by developers, marking a "key milestone in achieving a fully decentralized perpetual contract listing process."According to the document, after HIP-3 is enabled, deployers only need to stake 500,000 HYPE tokens to launch a perpetual contract DEX on HyperCore without permission. HIP-3 integrates with HyperEVM to enable smart contract and governance functionalities, and also includes safeguards such as validator slashing and position limits.

ChainCatcher news, Hyperliquid announces the launch of permissionless spot quote assets on the mainnet. Stable asset deployers can enable the "quote asset" status as required on-chain.Any quote asset can be used as a quote asset in the first spot trading pair of HIP-1; new trading pairs between existing base and quote assets can be deployed through permissionless Dutch auctions, independent of the HIP-1 token auction. Native Markets has deployed USDH as the first permissionless quote asset, and the HYPE/USDH trading pair is now live, with plans to deploy more permissionless trading pairs as soon as possible.

ChainCatcher news, according to the announcement from the Hyper Foundation, the Hyperliquid validator node set has been updated to 21 permissionless nodes, and any user can register a node. The top 21 by staking amount will form the active set. Nodes must self-stake 10,000 HYPE, and this stake will be locked for one year, with no refunds even if not selected for the active set. The official recommendation is to familiarize yourself with the testnet before the mainnet launch and to prioritize applying for the Delegation Program, which will launch in the coming days to allocate token support for high-quality validator nodes.

ChainCatcher news, Hyper Foundation announced on X that the validator set of the Hyperliquid mainnet will be fully permissionless after the next network upgrade. Similar to the testnet, the top N validators ranked by staking amount will form the active set. The initial N is set to 20 and will gradually increase over time.In addition, Hyperliquid has launched a Validator Delegation Program aimed at enhancing network security and decentralization, and supporting validators committed to ecological development. The official recommendation is for validators to familiarize themselves with the testnet and understand the relevant technical details before running mainnet nodes. It is worth noting that the self-delegated staking of 10,000 HYPE will be locked by the protocol for one year, even if the validator fails to enter the active set; this lock will still apply. Hyper Foundation strongly advises validators to apply for participation in the delegation program before running mainnet nodes.

ChainCatcher news, pump.fun co-founder Alon Cohen posted on X: "I am disgusted by the events surrounding LIBRA that have unfolded over the past few days. The people behind this project have gained considerable personal benefits at the expense of many users, ecosystems, and even entire countries. I hope the responsible parties receive the punishment they deserve.I know the situation is still developing, so if you are aware of any misconduct by participants in the ecosystem, no matter how small, you should speak up. I also understand that some may be in difficult situations, so my DMs are open for me to offer assistance.Due to the damage caused by these events, many have expressed that this could be the 'end of Meme coins.' While I sympathize with those who wish to see the end of Meme coins because they are tired of such incidents occurring, the fact is that the demand for permissionless on-chain creation/speculation from users will not disappear."

ChainCatcher news, according to The Block, Offchain Labs has launched the Arbitrum BoLD protocol on the mainnet to enable permissionless validation. After being approved by governance voting, BoLD is now in use on the Arbitrum chain, One, and Nova.The system replaces the previously whitelisted validators with a permissionless mechanism, allowing anyone interested in network security to participate.

ChainCatcher news, according to The Block, Kraken's Ethereum Layer-2 scaling solution Ink will enable a permissionless fraud proof mechanism this Thursday, marking an important technological advancement in its rapid development.Ink becomes the first superchain network to launch a multi-"challenger" mechanism after testing on the Optimism mainnet, initially operated by the automated protocol Gelato and Kraken running the challenger system. Fraud proofs are a crucial feature of Optimistic Rollups, allowing users to challenge the validity of transactions and correct erroneous states.The initial challenger fund for Ink is provided by Kraken with 49 ETH (approximately $156,000), and users can also participate in challenges by staking ETH, thereby promoting on-chain decentralization.

ChainCatcher message, Vitalik responded to comments about "the level of governance in Zuzalu, Apecoin governance forum, and Arbitrum DAO" by stating: "Technically, any currency is permissioned: you need to obtain permission from an existing holder to become a holder.This indicates that there is actually a continuous trade-off between the permission levels of Apecoin and ZuVillage, and we can imagine a structure in between: becoming a member requires obtaining permission from multiple existing members, but it is still very open.For example, you can imagine a mechanism in the style of secondary financing, weighted by existing member points, to accumulate membership points. This is what I hope to see in OP Citizen House, Zuzalu community, and other DAOs that are experimenting. Formalizing and measuring membership is upstream of any formal governance, and it would be really cool if there were more ways to achieve highly decentralized and permissionless formal membership, but not just through token holding."

ChainCatcher live report, at the Solana 2024 Breakpoint conference, Permissionless Labs founder David Rhodus stated that Pipe Network is in the private testing phase and will soon announce testnet information. Users can join by running a Pipe POP node or using Pipe CDN.

ChainCatcher news, BounceBit announced that a governance proposal will be released tomorrow, transitioning from a whitelist system to an open permissionless blockchain for all developers and users.During the whitelist phase, BounceBit focused on developing CeDeFi and BounceClub. In the new phase, the BounceBit team will continue to develop new DApps and infrastructure while providing abundant developer resources, including private RPC, documentation, and technical support.

ChainCatcher news, according to Unisat Explorer data, the current total hash rate of Fractal mainnet merged mining and permissionless mining has reached 47 EH/s.In Unisat Merged Mining, 4 miners have collectively mined 327 blocks in 24 hours, with AntPool ranking first and a hash rate of 5.431 EH/s; in Permissionless Mining, 8 miners have collectively mined 1266 blocks in 24 hours, with SpiderPool ranking first and a hash rate of 437.2 PH/s.

ChainCatcher message, Solayer announced the launch of the Restaking endogenous application validation system (endogenous AVS) standard on the Solana mainnet.Participants can stake SOL to receive sSOL, which can then be delegated to selected e-AVS to earn native staking rewards (8.12%), MEV boosts, and AVS rewards. Solayer also released the v1 development toolkit, allowing developers to interact directly with core functionalities. The project has been audited by Halborn Security and plans to introduce more features, including an in-protocol fee module and permissionless AVS management.

ChainCatcher news, according to The Block, Eigen Labs is launching permissionless token support on the EigenLayer protocol, which will allow ERC-20 tokens to be added as restorable assets.Eigen Labs stated that after completing the initial "testing phase" on the testnet, the mainnet deployment is expected to start next week.

ChainCatcher news, the decentralized derivatives exchange dYdX announced that it will launch the dYdX Unlimited upgrade for dYdX Chain this fall, including features such as permissionless market launch, MegaVault (which sources liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), the Affiliates Program, and permissioned keys (providing a more secure and customizable environment for institutions and high-value traders).