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EIP-7540 Would Introduce Asynchronous Deposit on Ethereum Network

Published 10/21/2023, 06:34 PM
Updated 10/21/2023, 06:45 PM
EIP-7540 Would Introduce Asynchronous Deposit on Ethereum Network
ETH
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  • EIP-7540 will introduce asynchronous deposit and redemption flows on Ethereum.
  • The introduction will come as an extension to the existing ERC-4626 tokenized vault standard.
  • EIP-7540 has the potential to benefit protocols that deal with real-world assets (RWAs).

According to reports, a new Ethereum Improvement Proposal, EIP-7540, to introduce asynchronous deposit and redemption flows has been submitted. The introduction will come as an extension to the existing ERC-4626 tokenized vault standard.

Colin Wu, a renowned Chinese reporter on crypto matters, recently posted that the EIP has the potential to benefit protocols that deal with real-world assets (RWAs), cross-chain lending, and liquid staking.

Details of EIP-7540 were made available on the Ethereum-magicians platform and included basic information about the newly proposed EIP. …

The post EIP-7540 Would Introduce Asynchronous Deposit on Ethereum Network appeared first on Coin Edition.

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