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Wormhole and Nuffle Labs partner to revamp multichain restaking

Wormhole and Nuffle Labs partner to revamp multichain restaking

CoinjournalCoinjournal2024/12/17 19:55
By:Coinjournal
  • 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.

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.

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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.

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