According to Foresight News, Polyhedra Network, a ZK interoperability infrastructure, has partnered with Swell. Swell has delegated up to $500 million of re-pledged ETH to Polyhedra. Together with Renzo Protocol, Polyhedra and Swell will use zkBridge technology and the EigenLayer Address Verification System (AVS) to provide security for the Bitcoin cross-chain bridge. The total security of over $2.3 billion in the crypto economy is jointly provided by Swell and Renzo's LRT.
The partnership ensures the security and interoperability of transactions by utilizing Zero-Knowledge Proof (ZKP) technology. It combines the dual pledge mechanism of Swell and Renzo's LRT to provide crypto-economic incentives, ensuring the stability and reliability of the network. In addition, Swell and Polyhedra are jointly exploring the use of zkBridge technology to support Swell's second-layer network solutions.