EthLabs has released the "Week 2" update report, focusing on Ethereum interoperability, PropAMMs, and funding progress

BlockBeats News, July 6th, EthLabs founder Barnabé Monnot (barnabé.eth) released the "Week 2" update, summarizing the team's latest progress in the launch and funding stages and discussing the direction of the ecosystem.

In terms of interoperability, the team stated that they are increasing their confidence in "zk-based asynchronous interoperability," believing that this will help build a more secure cross-chain bridge and enhance the native asset distribution capability in the Ethereum multilayer network.

Currently, there are still latency issues in some cross-chain paths, especially in the L2→L1 direction. In this context, the intents mechanism can serve as a transitional solution, and sufficient L1 liquidity also helps match cross-chain executors (solvers). At the same time, the L1→L2 path is expected to significantly reduce confirmation latency through the Fast Confirmation Rule (FCR), and clients have already started integrating this mechanism.

In ecosystem discussions, PropAMMs (Proposal-based AMMs) have become a recent focus of attention for multiple teams and researchers, with the core focus on the potential optimization space between L1 execution efficiency and transaction construction (block building). Meanwhile, ENS has been emphasized as "critical Ethereum infrastructure," and the team is actively engaging with relevant stakeholders to advance its development direction.

Regarding team building, Ethlabs has received over 300 applications, processed about 20% of them, and aims to short-term expand to about 10 individuals, mid-term expand to around 20 individuals, focusing on recruiting talent with engineering capabilities and domain expertise.

On the funding side, Ethlabs stated that the current funding round is nearing completion and has received early support from BitMNR, Sharplink, and Ethereum Joseph, planning to bring in 1–2 core investors to enter the next stage.