Excited to see this launch! We've been working really close with the @LayerZero_Core team to build a DVN that's backed by the economic security in @eigencloud .
The EigenZero DVN leverages the 'Redistribution' feature of EigenLayer allowing them to create 'insured' bridges that can backstop any safety issues and make affected parties whole in the case of a faulty event during bridging across chains.
This enables a bunch of critical use cases for apps that leverage the EigenZero DVN due to its insurance guarantees:
1. Serve retail users with more confidence.
2. Serve institutional capital.
3. Serve cross-chain governance messages and critical access control functionality.
4. Serve any high value transfer (token or message).
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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