permissionless

Sandeep Nailwal, CEO of the Polygon Foundation, stated that Polygon is preparing to deploy a permissionless burn contract that allows anyone to permanently burn 100 million POL, which accounts for approximately 83% of the 121 million tokens held by the Polygon base fee collector. The contract is currently live on the testnet and will be deployed to the mainnet after the security committee completes the final signature.The first round of burns will permanently destroy 100 million POL, after which community members can trigger burns every quarter. Polygon's documentation indicates that the base fee is determined by the network and will be burned, with Nailwal stating that each base fee will inject POL into the collector. Based on the above data, approximately 21 million POL will remain in the collector after the initial burn.This burn represents about 1% of the initial supply of 10 billion POL, and based on a total supply of approximately 10.716 billion as shown by Blockscout, it accounts for about 0.93%. The burn will not set a hard cap on POL, which will continue to be issued, with an annual issuance rate of about 2% after June 2025. Nailwal also mentioned that POL has entered deflation starting January 2026, citing data from his "ChatGPT Analyst" that Polygon's revenue in 2026 will be $24.5 million, higher than Arbitrum's $8.41 million and Near's $5.6 million.

According to The Block, Hyperliquid announced that it will introduce a permissionless deployment mechanism for the HIP-4 outcome markets in future upgrades. According to the disclosure plan, validators will vote on outcome templates to ensure market quality and clarity of expression.In addition, HIP-4 market deployers are required to stake 500,000 HYPE and can receive up to 50% of the fee share from the markets they create.

Founder of Strategy Michael Saylor published a post opposing the BIP 110 proposal that restricts the use of inscriptions and other data storage purposes. Bitcoin should adhere to neutrality, open markets, and permissionless innovation, and should not target specific uses through consensus rules.Saylor listed 110 reasons for opposition, emphasizing that Bitcoin should remain conservative at its core. Bitcoin does not need guardians of purity; it needs guardians of neutrality.

Members of the management team of the Ethereum Foundation (EF) and CSA Operator Aerugo published a systematic explanation of EF's mission. Aerugo stated that EF's core mission is to ensure that Ethereum becomes and continues to be a truly permissionless sovereign infrastructure: censorship-resistant, capture-resistant, open-source, private, and secure, capable of supporting large-scale trustless coordination.He emphasized that EF's focus is on eliminating extraction and capture risks that may arise at the protocol layer of Ethereum, particularly the two core challenges of MEV (Maximum Extractable Value) issues and the lack of default privacy. Aerugo described MEV as "the main battleground of the next cypherpunk war," and pointed out that "a public ledger without serious default privacy is a monitoring infrastructure with settlement guarantees."In addition, EF will move some of its work out of the foundation through spin-offs in the future, but will maintain strict standards for external funding. The recent departure of some personnel is part of normal organizational adjustments, and EF will handle it in a dignified manner without making personnel issues public.

Aleo released the privacy stablecoin white paper "Stablecoin Privacy," stating that the privacy layer is the key infrastructure missing for blockchain payment rails to be adopted by mainstream institutions. Aleo indicated that as the GENIUS Act provides opportunities for the widespread adoption of stablecoins, the issue of permanently public transaction information on public blockchains may still hinder institutions from using stablecoins in scenarios such as payroll, fund management, and vendor payments.Aleo claims that existing solutions do not adequately meet the needs of institutions in terms of privacy protection and risk management. The white paper proposes a permissionless private stablecoin architecture based on Aleo, which introduces programmable risk mitigation mechanisms while protecting transaction privacy through zero-knowledge technology and programmable smart contracts, allowing institutions to conduct private transactions without sacrificing compliance and risk control.It is reported that the team members behind this white paper have long been dedicated to research at the intersection of cryptography, policy, and financial systems. Aleo's Global Policy Director Yaya J. Fanusie, member of the Crypto Innovation Council and former Global Financial Crimes Compliance Officer at Coinbase Valerie-Leila Jaber, and cryptographer and Johns Hopkins University Computer Science Professor Matthew Green possess rare practical experience in private payments, financial regulation, and zero-knowledge cryptography.

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.