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Wormhole and Nuffle Labs partner to revamp multichain restaking

source-logo  coinjournal.net  + 1 more 17 December 2024 16:52, UTC
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  • Wormhole and restaking provider Nuffle Labs have partnered to bring multichain restaking to users on any chain.
  • Nuffle Labs announced the integration on Dec. 17.

Interoperability platform Wormhole and restaking provider Nuffle Labs are partnering to offer a multichain restaking solution that users can tap into to stake from any chain.

The Wormhole (W) and Nuffle Labs teams announced the integration via a news release on Dec. 17. With its unveiling, users can stake their tokens on any chain without having to go for cross-chain bridging.

Addressing liquidity fragmentation within the multi-chain staking ecosystem, the new solution leverages Wormhole’s message-passing architecture, Nuffle Labs’ NUFF Protocol and EigenLayer’s staking infrastructure.

https://twitter.com/yashnuff/status/1869026302046753115

Firat Sertgoz, the co-founder and chief technology officer of Nuffle Labs, noted via X that the collaboration with Wormhole will bring ‘x from anywhere’ restaking to the multi-chain environment. While the current economic layout across layer-1 and 3 ecosystems is still fragmented, having the capacity to natively stake on any chain from anywhere comes to the market via Nuff Protocol.

“In today’s world, economic zones (L1s/L2s/Lx) are fragmented and the assets that live in a specific economic zone cannot contribute or benefit from an application in another economic zone,” Sertgoz said.

The solution is the first to offer native cross-chain restaking and launches with initial support for Eigenlayer, a restaking protocol on Ethereum that currently boasts a total value locked of over $18.4 billion. Other top restaking protocols by TVL are Babylon, Symbiotic and Karak.

Users on the Nuff Protocol can restake tokens from any blockchain on EigenLayer, with the solution tapping into $NEAR DA and Nuffle First Finality Layer. $NEAR DA provides for data availability while the Nuffle Fast Finality Layer allows for multi-chain messaging.

Flow Traders, Securitize, Agora and Infinex are some of the platforms and protocols to recently integrate Wormhole’s technology.

coinjournal.net

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