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Home»Blockchain»Wormhole and Nuffle Labs are teaming up to innovate multi-chain resumption
Blockchain

Wormhole and Nuffle Labs are teaming up to innovate multi-chain resumption

2024-12-19No Comments2 Mins Read
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  • Wormhole and re-recording provider Nuffle Labs have partnered to enable multi-chain re-recording for users on each chain.
  • Nuffle Labs announced the integration on December 17.

Interoperability platform Wormhole and re-recording provider Nuffle Labs have teamed up to offer a multi-chain re-recording solution that users can leverage to stake from any chain.

The teams at Wormhole (W) and Nuffle Labs announced the integration via a press release on December 17. With the revelation, users can stake their tokens on any chain without having to opt for cross-chain bridging.

The new solution focuses on addressing liquidity fragmentation within the multi-chain staking ecosystem and leverages Wormhole’s message passing architecture, Nuffle Labs’ NUFF protocol, and EigenLayer’s staking infrastructure.

Introducing the Nuffhole!

We have joined forces with Wormhole to extend @eigenlayer beyond the Ethereum L1🌐.

Token holders can stake any token from any chain to EigenLayer
🀝
AVSs can secure their services with multiple tokens from any chain

Everyone wins in the Nuffhole πŸ™Œ https://t.co/WiAKZ2tqD6

— yash parikh (@yashnuff) December 17, 2024

Firat Sertgoz, the co-founder and chief technology officer of Nuffle Labs, noted via While the current economic layout in the layer 1 and layer 3 ecosystems is still fragmented, the ability to deploy anywhere, anytime on any chain is coming to market through the Nuff Protocol.

β€œIn today’s world, economic zones (L1s/L2s/Lx) are fragmented and the assets living in a specific economic zone cannot contribute to or benefit from an application in another economic zone,” said Sertgoz.

The solution is the first to offer native cross-chain re-withdrawal and launches with initial support for Eigenlayer, a re-withdrawal protocol on Ethereum that currently has a total value of over $18.4 billion. Other popular TVL reuptake protocols include Babylon, Symbiotic, and Karak.

See also  Hashgraph sees the Q3 debut for Institutional Private Blockchain-based Institutional Private Blockchain

Users of the Nuff protocol can reuse tokens from any blockchain on EigenLayer, with the solution utilizing NEAR DA and Nuffle First Finality Layer. NEAR DA ensures data availability, while the Nuffle Fast Finality Layer enables cross-chain messaging.

Flow Traders, Securitize, Agora and Infinex are some of the platforms and protocols that have recently integrated Wormhole’s technology.



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innovate Labs multichain Nuffle resumption teaming Wormhole
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