According to The Block, Wormhole is collaborating with blockchain development company Nuffle Labs to develop a solution that expands EigenLayer's restaking capabilities beyond the Ethereum ecosystem.
According to an announcement on Tuesday, Wormhole is collaborating with restaking protocol developer Nuffle Labs to expand EigenLayer's restaking capabilities. This initiative marks a notable advancement in the field of crypto R&D: sharing the security generated through staking to simultaneously protect multiple protocols and applications.
The solution leverages Wormhole's messaging architecture and Nuffle's NUFF protocol, allowing 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 focused area for many participants in the crypto industry. In short, protocols like EigenLayer enable applications to collectively leverage the security of staked assets, avoiding the need to establish their own independent security infrastructure. This area enhances the efficiency of proof-of-stake platforms while potentially giving rise to new blockchain use cases.
Applications and protocols that share restaked assets are referred to as 'Active Verification Services' (AVS), which can set customized validation tasks or rules. Some experts believe that restaking will play a significant 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 spin-off of the NEAR Foundation, developing modular blockchain technology to expand the ecosystem, including the NEAR data availability layer and the NEAR fast 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, 'As each asset is restaked and the industry becomes increasingly interconnected, 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.'
