EthLabs Week 2 Update: Funding Near Completion as Team Focuses on zk Interop and PropAMMs

EthLabs founder Barnabé Monnot, known on-chain as barnabé.eth, has shared the team’s Week 2 update covering progress across fundraising, hiring, interoperability research, and broader Ethereum ecosystem discussions. The team said it is gaining confidence in asynchronous interoperability designs based on zero-knowledge proofs, arguing that such approaches could support safer bridges and improve native asset distribution across Ethereum’s multi-layer network. At the same time, latency remains an issue on some cross-chain routes, especially from L2 to L1, where intents may serve as an interim solution and deeper L1 liquidity could help solvers match execution more efficiently. For L1 to L2 transfers, Fast Confirmation Rule integration is seen as a promising path to reducing confirmation delays, with some clients already beginning implementation. EthLabs also highlighted rising attention around PropAMMs, which may offer new optimization trade-offs between L1 execution efficiency and block building, while reaffirming ENS as critical Ethereum infrastructure. On the organizational side, the team has received more than 300 applications and says its current fundraising round is nearing completion.