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Flare Joins LayerZero Security Network

source-logo  cryptonews.net 19 m
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Ekaterina Bogatyreva

Flare, a blockchain network providing decentralized data infrastructure, has joined LayerZero as a Decentralized Verifier Network (DVN). The integration will allow issuers using LayerZero’s Omnichain Fungible Token (OFT) standard to add Flare’s network-level verification to their cross-chain security systems.

The OFT standard is used by major issuers, including Tether, PayPal, Paxos, and Ondo. It supports more than 85% of cross-chain USD volume and has processed over $300 billion in transfers. Flare’s DVN is expected to go live on mainnet in early December, initially supporting Flare and Ethereum.

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Unlike DVNs operated by a single provider, Flare’s verification system relies on 100 independent data providers. Each provider checks the source chain separately, and a message is confirmed only after a stake-weighted majority agrees. The result is then verified on the destination chain.

Flare’s data infrastructure already supports XRPFi, where it has helped verify millions of FXRP tokens across seven networks. The LayerZero integration will extend this infrastructure to other blockchain ecosystems.

Image: Magnific