Etherscan, an Ethereum block explorer and analytics platform, has launched Code Reader, a tool that uses artificial intelligence (AI) to retrieve and interpret the source code of a specific contract address. The tool generates a response via OpenAI’s large language model, providing insight into the contract’s source code files. Code Reader’s use cases include gaining deeper insight into contracts’ code via AI-generated explanations, obtaining comprehensive lists of smart contract functions related to Ethereum data, and understanding how the underlying contract interacts with decentralized applications.
ZachXBT Receives Over $1M in Donations for Lawsuit Fund
ZachXBT, a blockchain investigator known for his work in the cryptocurrency industry, has received over $1 million in donations from the crypto community in just over 24 hours to pay for his legal fees in a defamation lawsuit. He has become embroiled in a legal dispute with Jeffrey Huang, better known on Twitter as MachiBigBrother. Huang accused ZachXBT of damaging his reputation through false allegations. Binance CEO Changpeng Zhao has donated to the fund, which is community-funded, to help ZachXBT fight the case.
Reserve Invests $20M in Governance Tokens of Yield Farming Apps
Stablecoin protocol Reserve has announced that it is investing $20 million into the governance tokens of yield farming apps Curve, Convex, and Stake DAO. The investment aims to increase the liquidity of Reserve’s stablecoins, called RTokens, and increase Reserve’s voting power within these apps’ governance systems. Reserve is a stablecoin protocol that allows users to create their coins backed by any asset they wish.
Polygon Proposes Zero-Knowledge Ethereum Virtual Machine Upgrade
Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake network to a “zkEVM validium” version, according to a forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. Polygon is an Ethereum scaling solution with over $900 million in total value locked in its contracts and over two million daily transactions. It was first launched in 2019. In March, the Polygon team found a second network, Polygon zkEVM, that uses zero-knowledge rollups to scale Ethereum.
DeFi Market Overview
The total market value of DeFi saw a bullish surge after three weeks. Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most tokens trading in the green. The total value locked in DeFi protocols remained below the $50 billion mark despite a surge of over $5 billion this past week.
In summary, Etherscan has launched Code Reader, an AI-powered tool that retrieves and interprets the source code of a specific contract address. ZachXBT has received over $1 million in donations from the crypto community to pay for his legal fees in a defamation lawsuit. Reserve has invested $20 million in the governance tokens of yield farming apps Curve, Convex, and Stake DAO. Polygon has proposed upgrading its proof-of-stake network to a “zkEVM validium” version to increase security. The DeFi market has seen a bullish surge after three weeks, with most tokens trading in the green.