🔩 EigenZero: @eigencloud x @LayerZero_Core , A Decentralized Verification Network
EigenLayer has launched a DVN (Decentralized Verification Network) built on LayerZero’s $5M worth of staked $ZRO. With this, anyone can use EigenCloud’s framework to build their own DVN, enabling new demand for protocols to use their own tokens as staking assets.
Because $EIGEN is required to build these DVNs, it effectively becomes a product that generates native demand for $EIGEN as well.
Using LayerZero as an example, when transmitting a message, the DVN performs the role of verifying whether the message truly originated from the source chain. Projects can either build their own verification network or use DVNs provided by third parties.
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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