According to official news, LayerZero announced the launch of a new data primitive lzRead, which is designed specifically for smart contract developers. Using any standard smart contract language, developers can retrieve and calculate data from one or more chains through a single function call, leveraging the complete historical data of each chain.
Day 1 Builder uses lzRead as follows:
Cross-chain governance (Agora): Agora uses lzRead to collect votes from cross-chain token holders, enabling seamless governance of DAOs without the need for bridging assets.
Asset Verification (ApeChain): ApeChain uses lzRead to verify BAYC NFT ownership on Ethereum, creating “shadow tokens” that reflect cross-chain mainnet ownership without requiring users to bridge NFTs;
Proof of Reserves (Ambient): Ambient integrates lzRead to obtain TVL across multiple chains, implementing a zero-trust model for real-time reserve verification;
Cross-chain price information (Gelato): Gelato uses lzRead to aggregate cross-chain token prices, providing reliable price information for liquidity management and automated DeFi operations;
Election Solution (Wintermute): Wintermute relies on lzRead to access real-time cross-chain data from Ethereum, Arbitrum, and Base for election prediction markets to ensure fair and transparent results.
Other builders such as EigenLayer, Stargate, Ethena, and Plume are actively researching and developing unique use cases for lzRead. Other builders such as AltLayer will provide services to make it easier for builders to leverage LayerZero and lzRead, further expanding their influence in DeFi, governance, and more. #feedfeverchallenge
