- **Lido Finance Collaboration**: Lido Finance, a liquidity staking provider, has revealed plans to support the development of zkOracle by Nil Foundation, a developer of ZK technology. This initiative is being facilitated through Lido Grant.
- **Purpose of Collaboration**: The collaboration's primary objective is to enhance the trust and soundness checks for Lido Finance's accounting reports. By implementing zkOracle, the goal is to ensure the liquidity and reliability of Lido's operations.
- **zkOracle and Proofs**: zkOracle computations, a component of the collaboration, will involve generating proofs to verify the accuracy of data. These proofs will be signed directly from the Ethereum Virtual Machine (EVM) on the Ethereum blockchain.
- **Proof Market Gateway**: The collaboration will leverage Proof Market, a recently launched gateway interface. Proof Market is designed to offer provable computational composability for all EVM applications, enabling a secure and trustworthy environment for various operations.
- **Impact and Focus**: The partnership between Lido Finance and Nil Foundation illustrates a commitment to advancing trust-minimized solutions in the DeFi space. The focus on zkOracle and soundness checks aligns with the broader industry's efforts to enhance security, transparency, and reliability in decentralized financial applications.
