Stakely, a non-custodial staking services provider, has announced an exclusive development. As per the platform, it is currently supporting the popular decentralized trading forum DODO on EignLayer (a well-known decentralized ETH restaking company). On its official X account, the company disclosed the respective endeavor.
We're excited to share that Stakely is now supporting @BreederDodo MACH AVS on @eigenlayer! Introducing DODOchain MACH AVS: A cutting-edge AVS designed for the fast-evolving DODOchain, a L3 blockchain that harnesses the power of Arbitrum Orbit, EigenLayer, and AltLayer. pic.twitter.com/z0VSnOHFCK
— Stakely (@Stakely_io) May 11, 2024
Stakely Commences Support for DODO MACH AVS Concerning EigenLayer
In its recent post, the firm noted that it is unveiling DODOchain Mach AVS to operate on EigenLayer. The company added that the DODOchain MACH AVS operates as a rapid-evolving DODOchain as well as a layer 3. According to Stakely, it focuses on harnessing the potential of AltLayer, EigenLayer, as well as Arbitrum Oribit.
In addition to this, the company also provided the details of the chief features of the latest endeavor. It mentioned that MACH AVS leverages the rapid finality and increases the speed of tx processing with DODOchain. Apart from that, it improves the network integrity with the detection of malicious operations via economic benefits. Moreover, it utilizes a decentralized approach that guarantees precise rollup state confirmations.
It also pointed out that the project effectively launched in 2 stages. The initial phase started on the 8th of this month. Stakely asserted that its joint launch pool promotion with AltLayer makes efforts to bolster the ecosystem growth and operator benefits. According to the platform, as of the 8th of May, the MACH AVS comprises nearly 12,510 stakers. Additionally, it also has up to twenty-nine top-tier operators.
The Platform Invites Users to Delegate to Support the Future Progress
Furthermore, the project includes Stakely, handling a remarkable $287.55M in the case of economic security. Stakely also revealed that the project takes into account 95.96k restaked ETH tokens. Stakely persuaded the community to support the project by delegating to the platform on EigenLayer. It considers that this would assist in shaping blockchain security and efficiency in the future.