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Dean's Letter Issue #2

Empowering Solana's Power Users: A Newsletter for Aspiring Builders

Welcome to the second issue of Dean's Letter! Our newsletter is back to give you another weekly update on the latest developments and on-chain performance of the Solana network. Whether you're an experienced Solana user or just starting out, we hope our newsletter empowers you to build and contribute to the Solana ecosystem!

Network-at-a-glance๐Ÿ“Š

Sources: Artemis.xyz, DeFiLlama, and Token Terminal

The Grape Vine ๐Ÿ‡

Squads partners with Realms to improve Solana's DAO Governance

Solana's DAO governance has been improved with the launch of the Realms_DAOs app integration. Realms is considered the top platform on Solana for establishing DAOs, allowing for member management, proposal voting, and treasury allocation. Several projects such as Mango Markets, Metaplex, and UXD protocol use Realms to make transparent and decentralized decisions with their communities.

The integration with Squads Protocol allows users to effortlessly create a DAO on Realms directly from their Squads multisig, providing the advantages of both platforms. In addition, a balance history feature has recently been added to the dashboard page, which enables users to keep track of their account balances over time more efficiently. Users can visit their Squad to check out this new feature.

Introducing CAVYAR: The Revolutionary Platform for Solana Developers

CAVYAR, a new platform to save Devs time and energy, offers a range of services, including the ability to search for problems, find the right code snippet, and paste it into their own code. These snippets could be considered as building blocks that combine to create a working program. Additionally, AI-generated explanations are provided, allowing even beginners to enter the world of Solana development.

The platform is accessible to all users, with a configurator enabling the creation of custom snippets. A ranking system will also help to establish the credibility of the snippets and assign them a final score. The creators of CAVYAR claim that users will never have to write anything from scratch again. Solana developers are invited to sign up for early access to the platform.

Introducing Solana Audits AI: The New Tool Enhancing Security for Solana Programs

A new tool called Solana Audits AI has been introduced to enhance the security of Solana programs. The LLM powered CLI tool is designed to detect vulnerabilities, identify their location, and suggest fixes. With just one command, Solana program owners can now secure their programs. Although the tool is currently in alpha, the aim is to provide safe, fast, and inexpensive audits to everyone in the Solana ecosystem.

The tool can be used as a test directly in solpg, as a VScode extension, or run automatically before minting an NFT. The team is currently working on additional features, such as an option to automatically fix the codebase and resolve vulnerabilities and opening a course to educate users on avoiding similar mistakes. The team is inviting beta testers, including small and large projects, students, and anyone building on Solana: https://forms.gle/r895iKfAbAquUW5KA

Thoughts on Solana Compression

Mango Markets Disables Flash Loans in V4 Beta Following Report of Possible Exploit

Mango Markets' contributors recently received a report by SolShield regarding a possible exploit in V4's flash-loan functionality. As a result, the security council held a vote and decided to disable flash loans until further investigation. However, other parts of V4 such as deposits, borrows, and spot/perp markets remain unaffected.

For those currently using V4 Beta, it's important to note that token swaps on the "Swap" page will not work, as they previously relied on flash loan instructions. Additionally, any bots that use flash loan instructions will require adjustments if they don't already fall back on OpenBook trades. In the event of any concerns or questions, individuals are encouraged to create a support ticket in Mango Markets' Discord.

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