Ethlabs Week 2 Progress: Focus on Cross-Chain Interoperability, PropAMMs, and ENS

Shenchao TechFlow update: On July 06, Ethlabs released its second-week progress update, stating that as the project enters the launch and fundraising phase, external communications continue to increase. The team said it is advancing an asynchronous interoperability solution based on zero-knowledge technology to enhance cross-chain bridge security and asset distribution efficiency; among them, L2 to L1 can use intents as a transitional solution, while L1 to L2 latency is expected to be improved through FCR.

Additionally, the team said that PropAMMs have become a key topic in recent ecosystem exchanges, and the market is focused on their potential for optimizing L1 execution. Ethlabs also reiterated that ENS is a critical infrastructure for Ethereum. On the organizational and capital front, the team has received more than 300 job applications and said this funding round is nearing completion, as it seeks to bring in another 1 to 2 anchor investors.