According to Cointelegraph, Ethereum re-staking protocol EigenLayer and cross-chain messaging protocol LayerZero have launched a new system to improve the security of cross-chain communications.

LayerZero Labs announced its collaboration with Eigen Labs in a blog post on Oct. 2, introducing the “CryptoEconomic Decentralized Verifier Networks” (DVNs) framework.

The system combines technical verification and financial incentives to solve cross-chain security issues such as lack of economic incentives, limited participation, and inflexible security models.

DVNs leverage cryptoeconomic security, where validators stake assets that can be deducted or “slashed” if they behave dishonestly or make mistakes.

The system ensures the security of cross-chain communication through four main mechanisms: validators stake assets, messages are transmitted and verified between blockchains, and when discrepancies are found, coin holders can vote to veto the staked assets. Once malicious behavior is confirmed, the staked assets will be deducted.

The benefits of this system include improved security of cross-chain messaging, financial incentives for honest behavior, allowing any network to participate by staking assets, and flexible verification methods.

The framework is open source, allowing other teams to launch their own DVNs with customizable security parameters using their preferred assets for collateralization.

Eigen Labs explained in a blog post that previously the security of verifying omni-channel messages was based solely on the network’s verification mechanism, but now through Eigenlayer’s heavy staking primitive, anyone can stake assets to provide an additional layer of security.

LayerZero is a marketplace for DVN validators, with 35 entities currently participating, including zk-proof-based team Polyhedra, multi-bridge validator Hashi, and oracles such as Google Cloud.

LayerZero Labs concluded that with the adoption of this framework, the future of blockchain communications will be defined by trust, transparency, and accountability, bringing us closer to a world where every cross-chain message is crypto-economically secured.

EigenLayer currently has a total locked value of $10.8 billion, but according to DeFiLlama data, this value has dropped by nearly 50% in the past four months.