gate Research Institute: Web3 events and encryption technology development follow-up (2025.1.18-2025.1.24)

Preface

This report summarizes a series of important events that took place in the blockchain and cryptocurrency space from January 18, 2025 to January 24, 2025, which not only demonstrate the activity of the crypto market, but also imply future developments. Research Institute’s Weekly Report Last Week: [gate Institute: Solayer TVL Breaks $434 Million to Hit Record High, U.S. Congress Puts Digital Asset Regulation on the Agenda ](https://www.gate. “Next Week Watch-Crypto Calendar-Crypto Events” in io/en/learn/articles/gate-research-solayer-tvl-reaches-new-ath-of-434m-as-u-s-congress-addresses-digital-asset-regulation/5750). ”

Summary

• Polyhedra launches a new zero-knowledge training camp, including five tracks such as zkML
• Tether collaborates with LayerZero to launch a full-chain stablecoin USDT0
• EigenLayer launches Rewards v2 protocol
• The Ethereum Foundation will allocate 50,000 ETH to participate in the DeFi ecosystem and has conducted test transactions on Aave.

Key Events to Watch

1/20 Polyhedra Launches New Zero Knowledge Training Camp, Including Five Tracks such as zkML

AI+ZK public chain Polyhedra announced that it will launch the Explore Expander Bootcamp on January 20th. This program provides developers with a unique opportunity to leverage Polyhedra’s state-of-the-art zk-proof system, Expander, to drive innovation in the blockchain and cryptography fields - including its application in the highly anticipated Ethereum Foundation BEAM chain proposal. The bootcamp offers participants practical training and guidance from industry leaders to help them master the tools for developing groundbreaking zero-knowledge projects. Participants will undergo an intensive training course and then choose one of five specialized project directions for in-depth exploration, with outstanding projects having the chance to receive funding from a $250,000 prize pool. Polyhedra’s collaboration with industry giants such as the Ethereum Foundation brings together top developers and experts from around the world, accelerating the development of zero-knowledge proof technology and driving the prosperity of the entire blockchain ecosystem.

1/20 Tether collaborates with LayerZero to launch a full-chain stablecoin USDT0

Tether announced the deployment of a new token, USDT0, on the Ethereum Layer 2 network Ink on Kraken, a significant innovation based on the LayerZero universal replaceable token standard. As the world’s largest stablecoin asset, USDT previously faced liquidity fragmentation and high costs during cross-chain transfers. The introduction of USDT0 will completely change this situation, enhancing cross-chain security and achieving zero-loss cross-chain transfer functionality through deep cooperation with LayerZero. Paolo Ardoino, CEO of Tether, emphasized that the launch of USDT0 provides a key solution for the smooth circulation of USDT across different ecosystems, optimizing user experience and meeting market demand. Unlike the traditional model where USDT needs to be destroyed and minted between different chains through cross-chain bridges, USDT0 makes stablecoins a truly single liquid asset, allowing users to transfer the same amount of tokens between different networks without loss, significantly improving capital utilization efficiency.

1/21 EigenLayer launches Rewards v2 protocol

EigenLayer announced that its Rewards v2 protocol upgrade went live on the mainnet on January 21, marking the successful execution of the first EigenLayer Improvement Proposal (ELIP-001). This upgrade introduces three core features: operator-driven rewards, variable operator fees, and batch reward claiming. These features provide greater flexibility and efficiency for the EigenLayer ecosystem, enabling AVS to dynamically incentivize operators to meet more specific needs.

The launch of Rewards v2 not only enhances the customization level of the reward mechanism, but also significantly optimizes economic incentives and operational efficiency. By introducing the EigenGov governance process, it lays a transparent and collaborative foundation for future improvement proposals. This upgrade demonstrates EigenLayer’s forward-thinking in promoting the efficiency and flexibility of decentralized networks, laying a solid foundation for continuous innovation. [3]

1/21 The Ethereum Foundation will allocate 50,000 ETH to participate in the DeFi ecosystem and has conducted test transactions on Aave.

Vitalik Buterin retweeted a tweet from Ethereum Foundation staff hww.eth (@icebearhww), which shows that the Ethereum Foundation has established a new 3/5 multisig wallet and will fund it with 50,000 ETH. The Ethereum Foundation will use this new wallet to participate in the DeFi ecosystem and has already conducted test transactions on Aave. This action by the Ethereum Foundation may be seen as a positive signal for DeFi and the Ethereum ecosystem, which could increase user trust, promote ecosystem growth and maturity, and may also have a certain impact on the cryptocurrency market.

Summary

From January 18, 2025 to January 24, 2025, there have been frequent major events in the blockchain and cryptocurrency fields, demonstrating market vitality and industry trends. On January 20, Polyhedra launched a new zero-knowledge training camp, including five tracks such as zkML. The training camp will accelerate the development of zero-knowledge proof technology and promote the prosperity of the entire blockchain ecosystem. On January 20, Tether announced the deployment of a new token USDT0 on Kraken’s Ethereum Layer 2 network Ink, which is a significant innovation based on the LayerZero fully interchangeable token standard. On January 21, EigenLayer announced that its Rewards v2 protocol upgrade has been launched on the mainnet, marking the successful execution of the first EigenLayer Improvement Proposal (ELIP-001). On January 21, the Ethereum Foundation allocated 50,000 ETH to participate in the DeFi ecosystem and has conducted test transactions on Aave.
Reference:

1. PR Newswire,https://www.prnewswire.com/news-releases/polyhedra-in-partnership-with-ethereum-foundation-worldcoin-and-others-announces-a-new-zero-knowledge-bootcamp-302345243.html
2. X,https://x.com/USDT0_to/status/1879921612838805583
3. X,https://x.com/eigenlayer/status/1881814947509731659
4. X,https://x.com/icebearhww/status/1881413731780821405

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