Demex Daily #236: Starknet Unveils Gasless On-Chain Voting and Parallel Transaction Processing

What’s Interesting Today:

Starknet has introduced gasless on-chain voting through Snapshot X, a new governance protocol utilizing Starknet's rollup technology. This allows DAO participants to vote without paying gas fees, addressing the cost and inefficiencies of on-chain governance. Snapshot X ensures secure, decentralized voting by enabling users to prove asset ownership on one blockchain while voting on another. The first gasless vote, starting September 10, will let Starknet tokenholders decide on a staking proposal. Starknet recently upgraded to version 0.13.2, enabling parallel execution of transactions to reduce bottlenecks.

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Ether.fi is launching a non-custodial, "crypto-native" Visa credit card on the Ethereum layer-2 network Scroll. The card allows users to pay by borrowing against crypto collateral, including Ether.fi's liquid restaking token (eETH) and other yield-bearing assets. Users can hold their crypto while leveraging it for payments. Ether.fi Cash offers tiers named Pepe, Wojak, Chad, and Whale, and enables balance payments with native yields. The crypto credit card market, valued at $97 billion in 2023, is expanding, but DeFi-integrated credit cards like Ether.fi's are still rare.

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