Reflecting on the power of standards, it became clear that broad adoption was a prerequisite for them to become game-changers. Early adopters of the ERC-4626 standard are happy to annouce today they are building the 4626-Alliance, a fertile ground for 4626-builders to foster collaboration and push the standard.

Narrative

Standards in traditional technology are one of the most powerful catalysts. They drive interoperability, ecosystem development, and future innovation. Crypto is no exception to this: ERC-20, ERC-721, ERC-4626. ERC standards are the condition for a successful composable and permissionless ecosystem.

ERC-4626 is one of the most exciting standards for Ethereum and DeFi. A standard for tokenized vaults:

• Substantially lowers the integration effort for yield-bearing vaults that are powering many DeFi projects
• Supercharges composability and capabilities built by individual DeFi projects
• Natively creates derivative assets, generating a new kind of liquidity independent from the underlying assets.

ERC4626 is already gaining wide adoption in the DeFi ecosystem, and its compatibility is positive-sum and highly synergistic: contract interfaces become de facto compliant with any other ERC-4626 compliant protocol

4626-Alliance Scope: creating public goods

To foster collaboration between DeFi projects and push the standard adoption, members of the 4626-Alliance will:

• Establish a common bounty board for "4626 essentials". These essentials could be adapters wrapping useful existing vault contracts and other things. They will be voted on/built individually/jointly by members of the Alliance
• Fund a common vehicle to socialize the costs and potentially outsource through bounties the development of these"4626 essentials". Each member of the Alliance will commit $3k for this purpose
• Include in the 4626-Alliance project roadmaps the desire to wrap our vault-related product line with the 4626-standards
• Promote the 4626 standards through publication and events. mStable & Sommelier Finance organized a side event at EthLisbon
• Create and maintain an open-source 4626-resource library

Starring partners

mStable, Balancer, Aztec, and Superform have come together as “Starring Partners” to bootstrap the funding of the 4626-Alliance and define its early scope. Each project committed between $3k and $5k to a dedicated Gnosis Safe to finance ERC-4626 public goods. $15,000 was raised

The result of this work so far is: