According to The Block, Wormhole is collaborating with blockchain development company Nuffle Labs to develop a solution that extends EigenLayer's restaking capabilities beyond the Ethereum ecosystem.
According to an announcement on Tuesday, Wormhole is working with restaking protocol developer Nuffle Labs to expand the restaking capabilities of EigenLayer. This initiative marks a significant development in the crypto R&D field: sharing the security generated by staking to simultaneously protect multiple protocols and applications.
The solution utilizes Wormhole's messaging architecture and Nuffle's NUFF protocol, enabling assets to be restaked directly from any Layer 1 or Layer 2 blockchain without the need for asset bridging, the team stated.
Restaking has become a highly watched area among many participants in the crypto industry. In short, protocols like EigenLayer enable applications to leverage the security of staked assets in common, avoiding the need to establish their own independent security infrastructure. This area improves the efficiency of proof-of-stake platforms while potentially spawning new use cases for blockchain.
Applications and protocols that share restaked assets are referred to as 'Active Validation Services' (AVS), which can set customized validation tasks or rules. Some experts believe that restaking will play an important role in oracles providing off-chain data to on-chain smart contracts, Layer 2 Rollups seeking additional security, and ensuring data availability.
Nuffle Labs is a derivative of the NEAR Foundation, developing modular blockchain technology to extend the ecosystem, including the NEAR data availability layer and NEAR rapid finality layer.
The collaboration with Wormhole will make all tokens available through Nuffle's infrastructure usable for building AVS on the shared security framework of EigenLayer.
Nuffle CEO Altan Tutar stated, 'With the restaking of each asset and the increasing interconnection of the industry, our vision is to create an ecosystem where you can do anything, anywhere. Whether it's lending, borrowing, or restaking, we aim to create a global marketplace.'
