LayerZero ♾️ EigenCloud: bridging with economic security.
Why do you need economic security for a DVN?
1) Disincentives: Any malicious behavior by the DVN operators is punishable by slashing. This creates concrete disincentives for misbehavior.
2) Insured bridge: Over time this will be a fully insured bridge where every transaction is insured and if the operator is malicious, the users get their stolen value paid back.
3) Starting small: we are starting with 3 chains and a small amount of stake but will expand this over time to cover other chains.
It has been a great thrill for us to work with @PrimordialAA and @MaybeMaxPower who have built a world class team at LayerZero.
Thanks also to the @a16zcrypto team for their help with research on observability, finality and slashability to expand this across many chains.
EigenZero is here!
We’re thrilled to partner with @LayerZero_Core to launch EigenZero, first implementation of the CryptoEconomic Decentralized Verifier Network (DVN) Framework.
Powered by EigenCloud’s slashing infrastructure and backed by $5M in ZRO stake.
With EigenZero, correctness is economically enforced, if verification fails, stake is slashed, and users are compensated.
Learn more ⬇️ 🧵
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