Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Ethos partners with multiple liquidity re-staking protocols

Ethos partners with multiple liquidity re-staking protocols

CointimeCointime2024/03/23 08:51
By:Cointime

Ethos is being developed as a "verification service" on EigenLayer, aimed at strengthening the security of the Cosmos chain by leveraging Ethereum staking. The project is working with multiple liquidity re-staking protocols to allocate Ethereum staking to protect the Cosmos chain, accumulating security commitments worth $4 billion, including protocol commitments from EtherFi, Puffer, Renzo, Swell, and Kelp, which will transfer their staked Ethereum controlled by EigenLayer to Ethos.

Ethos's launch plan is synchronized with the launch of the EigenLayer mainnet and is currently in the testnet phase, expected to be launched in the second quarter of this year. Ethos is a secure coordination layer that enables the Cosmos chain to easily launch a verification network and utilize the economic security of Ethereum staking.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!