Odaily Planet Daily News Optimism announced that its open source, permissionless proof-of-stake has been launched on the OP Mainnet, and the OP Stack has reached the first stage of decentralization. Soon, more OP Stack Chains will be upgraded to include this feature, with the initial projects being Base, Metal, Mode, and Zora. The fault proof allows the extraction of ETH and ERC-20 tokens from the OP Mainnet without the need for a trusted third party, enabling users to challenge and remove invalid withdrawals, contributing to the security of Superchain. In the coming months, the official will launch more proof systems on the testnet, including Asterisc and Kona. Proving the reliability and robustness of these redundant proof schemes will help the superchain achieve the decentralization of the second stage, managed solely through smart contracts.

PANews June 11th news, according to The Block, OP Labs has launched the fault-proofing on the L2 blockchain OP Mainnet. The fault-proofing system allows for the extraction of Ethereum and ERC-20 tokens from OP Mainnet without the need for a trusted third party. Fault-proofing is a mechanism of the Ethereum L2 network that allows users to defend against potential fraud or incorrect transactions. Previously, OP Mainnet did not have fault-proofing, which required users to trust the operator to submit accurate state roots to the mainnet. In the future, fault-proofing will be extended to other L2s built on OP Stack, including Base, Metal, Mode, and Zora.

According to the latest data from L2beat, the total value locked (TVL) of Mode Network has exceeded $700 million, currently reaching $745.15 million, hitting a new all-time high with a growth rate of 12.26% in the past seven days.

Optimism has launched its fourth round of funding called Onchain Builders, as reported by Jinse Finance. In this round, 10 million OP tokens will be distributed to builders who deploy contracts on the OP Stack (including Base, Mode, Redstone, and Zora) on-chain. The submission window is open until June 6th, 19:00 UTC, and applicants who submit before May 31st will receive a commemorative NFT. To qualify, the smart contract must have interacted with at least 420 unique addresses between January 1 and May 1, 2024, engaged in continuous contract activity for at least 10 days, and verified contract ownership on GitHub. Badge holders will vote on the submitted works next month, and the winners will be announced on July 15th.

Whales Market announced that it has launched L2 network Mode token trading based on OP Stack.

Whales Market announced that it has launched L2 network Mode point trading based on OP Stack.

Golden Finance reported that Mode announced on the X platform that the third week's staking rewards can now be claimed, with a total of 20,000 OP tokens distributed this week.