L2BEAT - Keeping an eye on L2s

Project Name: L2BEAT

Project Description and why it’s classified as a Public Good: L2BEAT is a dedicated analytics and research platform focusing on Ethereum Layer 2 scaling solutions. It offers comprehensive comparisons of different Ethereum L2 systems, providing the community with unbiased and crucial insights. By producing essential tools, hosting events, publishing reports, and actively spotting and reporting security flaws, L2BEAT serves as an impartial watchdog for the Ethereum L2 space. As a public good, it promotes transparency, education, and informed decision-making, essential for the sustained growth and health of the Ethereum ecosystem.

Main Project Funding Sources:

  • Grants from the Ethereum Foundation: approx. 700k USD
  • Optimism’s RPGF: approx. 500k USD
  • Seed round (individual contributors): approx. 1m USD - L2BEAT has raised some funds from angels in early 2022 but is now refunding 100% of this investment. The funds were never utilized, and in 2023, L2BEAT decided to focus on the public good work only
  • Other small grants, Gitcoin rounds, donations from the community

Seeking project-specific funding or funding for general operations: Funding for general operations

Team Information, including backgrounds and roles: L2BEAT has a dedicated team of 18 professionals working on various aspects of Ethereum L2 research and analytics. Key public figures associated with the project include:
Jacek Czarnecki
Bartosz Kiepuszewski
Piotr Szlachciak
Krzysztof Urbański
Hubert Kotliński

Social Credibility:
All of our work is publicly accessible on our GitHub Repo - GitHub - l2beat/l2beat: L2BEAT is an analytics and research website about Ethereum layer two (L2) scaling solutions.
We announce all new features, events, and other endeavors on our Twitter account - https://twitter.com/l2beat
We publish our articles on our Medium.

Notable recent updates include:

  • Adding two new sections – “Value Locked” focused on tokens and “Liveness”
  • We’ve published detailed articles on our Medium blog about each major update, ensuring our community stays informed and educated
  • The introduction of novel frameworks, such as ‘Risk Rosette’ and ‘Stages’.
  • The review and listing of new projects in the space, including Lyra, Paradex, and Scroll.
  • The publication of our inaugural report, “Upgradeability of Ethereum L2s,” which has been recognized as a must-read by industry leaders. The report can be accessed here.
  • Hosting and participating in major Ethereum-centric events, like L2WARSAW and L2AMSTERDAM, with most recent being L2DAYS, the biggest event during Devconnect.
  • Demonstrated proactivity in safeguarding the L2 space by identifying critical issues like the dYdX bug, the Rhino fi timelock delay change, and the Aztec Connect proposer failure critical change.

Discord contact: jacekc, hubkotl

Our current plans: Our current plans involve enhancing our new Liveness section by adding all projects. This section enables users to monitor transaction data submissions, proof submissions, state updates, and respective anomalies. So far, we’ve only managed to include some projects, as each rollup operates differently and requires a tailored approach. Next, we aim to refine our ProtocolBeat and Discovery features. ProtocolBeat is a tool that allows anyone to explore different protocols in detail by simply entering an address. The Discovery feature, operational on our Discord, monitors each Layer 2 for code changes and notifies us. However, it’s currently too technical for the average user, so we’re working to make it more accessible. Additionally, there are 24 upcoming projects listed on our website. These will need thorough evaluation and review when they reach mainnet, particularly in areas like Total Value Locked (TVL), Risk Rosette, Stages, and other. For instance, we’re currently handling the recent launch of Lyra L2. We have many other developments we’re eager to roll out. With our team’s recent expansion, I’m hopeful I will be able to share more details soon! The L2 landscape is vast and growing super fast!

Eligibility Criteria:

• Do you have a commitment to open-source (i.e. every open-source license accepted by the Open-Source Initiative) technology and sharing results publicly? – YES

• Have you provided transparency about how exactly funding will be used? – YES

• Are you advancing values of freedom and privacy (no surveillance and handling of personal data)? – YES, we don’t collect any user data

• Are you supporting decentralization in various fields (for example building Web3 projects)? – YES, we are not only evaluating all L2 projects and bridges but also building transparency tools such as dYdX Explorer (easy way to use escape hatch for all, even non-technical users)

• Have you provided social media channels to the extent that we can confirm social proof of your project? - YES

1 Like

Wow refunding 100% of previous investors. Sounds like a very interesting public goods case study.

Love the site! Keep the good work. Hope to see you on Epoch 2