The Ethereum Economic Zone
@etheconomiczone
The Ethereum Economic Zone (EEZ) is a framework for L2s to work better with each other and Ethereum.
Built by @Gnosis_ and @ziskvm, co-funded by @ethereumfndn
33 Following 3.5K Followers
incoming; global liquidity in the Ethereum Economic Zone
@etheconomiczone
Let's activate Ethereum as an economic operating system 🦾
One step closer to trustless cross-chain batch auctions.
@etheconomiczone & @CoWSwap will bring fragmented liquidity across stablecoins, RWAs, and beyond back together, without introducing a new validator set or trust assumptions...
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One step closer to trustless cross-chain batch auctions.
@etheconomiczone & @CoWSwap will bring fragmented liquidity across stablecoins, RWAs, and beyond back together, without introducing a new validator set or trust assumptions...
Show more
Atomic cross-chain composability in action ⚛️ Bridge out, swap, bridge back! 🔥 You can just reach L1 liquidity from L2 like the boundary isn't there. That's what we're building, an Ethereum where L2s are a genuine extension, not a side quest
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This is what we mean when we say liquidity doesn't have to fragment as Ethereum scales.
We got an important step closer towards unified liquidity between L2s and Ethereum via @etheconomiczone.
Here is a @CoWSwap trade settled on L2 while using liquidity from L1. Bridging tokens out and receiving other tokens back all happens atomically!
Public testnet soon!
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L1 slot time is the clock for cross-rollup composition on EEZ. Quick Slots shortens that clock and makes it configurable. Every time the slot gets shorter, cross-rollup calls get faster.
Faster L1, tighter economic zone. We're for it.
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Ethereum used to be lego: permissionless pieces you compose freely.
Today the pieces are scattered across chains with 7 day canonical bridges, different standards between them.
That fragmentation is what's held back adoption. EEZ is our answer.
Let's activate Ethereum as an economic operating system 🦾
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Onchain security is everyone’s problem and nobody’s job.
ETHSecurity Initiatives is how we are changing that.
Propose the work. Fund the work. Build the work.
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1/ ZisK v1.2.0-alpha is out 🚀
We re-proved 7,200 consecutive Ethereum mainnet blocks on just 4× RTX 5090 GPUs.
Same blocks. Same hardware.
Median proving time:
5.779s → 4.693s
~19% faster.
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So great to see that. @etheconomiczone is probably the most bullish initiative I have seen in quite some time in the Erhereum ecosystem.
Kudos to Gnosis for leading the initiative. Up and onwards!
We're excited that GnosisDAO approved GIP-153 by a landslide, putting Gnosis Chain on a path from a standalone L1 to an EEZ rollup settling on Ethereum. 🔥
Being first onto EEZ gives Gnosis Chain synchronous composability with Ethereum, something no existing L2 offers: the one axis where Gnosis Chain competes on its own terms, plus a first-mover seat in the emerging EEZ deployment market.
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GIP-153 has passed.
Gnosis Chain becomes the first Ethereum Economic Zone instance.
This will see synchronous composability with mainnet, something no L2 currently offers, whilst Gnosis optimizes to become a consumer-friendly ecosystem.
We will build with Ethereum, not on Ethereum.
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ZisK v1.1.0-alpha release 🚀
Ethereum proven in real time on 4x5090 GPUs with a p99 of 9.62s. All providing 128-bit provable security, powered by Poseidon1, and post-quantum secure.
This release pushes the prover further and fixes bugs, without trading soundness for benchmarks.
Release notes:
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Does a business really have to choose between the confidentiality of a permissioned chain and the reach of a public one?
Today those live in separate worlds. EEZ is designed to let the two transact in one settled step, where both sides complete together or not at all.
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Could a strategy that borrows on one chain, swaps on another, and repays on a third settle as one transaction?
Today every step is its own transaction, with bridging in between. EEZ is designed to run them as one atomic bundle: the whole strategy settles together.
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The proposal for @gnosischain to be re-based onto Ethereum and join the Ethereum Economic Zone is live. 🔥🔥🔥
GIP-153 is live: the proposal for Gnosis Chain to become the first instance of the @etheconomiczone.
What it proposes:
> Gnosis Chain re-based onto Ethereum. Same chain, same addresses, xDAI stays the gas token
> Every mainnet asset, pool and oracle one atomic call away, and future networks that join the zone after us
> Settlement security from Ethereum's validators. Our validator set is sunset
> The treasury staking subsidy ends; the network earns from fees instead.
Vote:
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Could a strategy that borrows on one chain, swaps on another, and repays on a third settle as one transaction?
Today every step is its own transaction, with bridging in between. EEZ is designed to run them as one atomic bundle: the whole strategy settles together.
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How much of your collateral can actually back a loan when it's spread across chains? Usually just one chain's worth, unless you bridge everything together first.
EEZ is designed to let a lending market use balances where they sit, backing a single position without moving anything.
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Many L2s are closing. Not for lack of tech. They can't reach liquidity, oracles, the things you have to pay for or go without.
@filoozom on @etheconomiczone: call L1 oracles and liquidity in real time, and it might be the only way small chains survive.
Fireside: Ethereum Scalability vs. Fragmentation, co-hosted with
@EFetheverywhere, as part of the Lisbon Ethereum Community Hub program.
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The problem of managing safes across multiple networks have seen a huge evolution --- from multi-chain, to cross-chain, to keystore rollups.
This is where @etheconomiczone gets it right i.e., solving it at the architectural layer 🫡
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