solutioning @LayerZero_Labs // @Consensys 🏔🎿
Joined July 2019
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labs retweeted
.@tether, the biggest stablecoin in this industry ($137B+), launched an omnichain version of USDT - @USDT0_to with @LayerZero_Core .
If LayerZero was just a third-party interop, Tether wouldn't have opted in to LayerZero OFT.
LayerZero allows "Protocol-Aligned Interop," which means the operation and economics can be customized to align with the protocol.
In terms of operational alignment, Tether runs its own DVN - USDT0 DVN - which verifies cross-chain messages before they can be committed for execution.
This is why @OndoFinance also recently chose LayerZero as the main bridge for their token—$USDY. The bridge runs DVNs composed of Ondo DVN, Axelar, Polyhedera zkBridge, and LayerZero DVN.
Cross-chain strategy should now be on the must-do list for most protocols.
Check out this article for more info:
4pillars.io/en/articles/inte…
If you're a project wanting to expand your token to @HyperliquidX Native Spot and HyperEVM while having full point-to-point pathway connections to all other chains, def check this out. Very easy to do with the OFT standard.
Huge shoutout to the @monprotocol team in spearheading!
labs retweeted
I'm truly excited for @USDT0_to , a great ecosystem project started in collaboration with @LayerZero_Core leveraging their best in class technology for cross-chain bridging.
Today USDT is the most popular digital dollar and stablecoin in the world, with hundreds of millions of users in emerging markets and developing countries.
While competitors focus on the rich crowds (bankers, ...), Tether always prioritizes the unbanked that for a long time struggled to have access to basic financial services and the normal people that live in high-inflation countries and want exposure to the U.S. Dollar.
Continuing in this direction, I believe that USDT0 will help scaling the support of USDT across many more blockchains, pushing the boundaries of interoperability forward.
Your USDT, Anywhere.
Looking forward to seeing the next wave of USDT adoption driven by this collaboration.
Introducing USDT0.
@tether has completely reshaped global economies and in just over a decade has become the single largest stable asset in the world at almost $140B. It fulfilled crypto’s original promise of banking the unbanked and providing critical financial infrastructure for billions worldwide.
USDT laid the groundwork.
Today, it accelerates.
Your USDT, Anywhere.
Coming to a chain near you.
USDT0 takes USDT anywhere, powered by LayerZero
interop/acc
labs retweeted
have you heard?
LayerZero quants just released an open source database with...
2.28M state updates per second
1M TPS for token transfers
all benchmarked on 10x the entire 2024 Ethereum state.
Introducing Quick Merkle Database (QMDB), a high-performance verifiable database optimized for blockchains.
• 2.28M state updates per second, 1M TPS (benchmarked transfers per second).
• Benchmarked with workloads up to 15B (10x Ethereum’s 2024 state) and proven capacity to scale to 280B entries on a single server.
• Single read per state access, O(1) I/O for updates, and in-memory Merkleization on a footprint as small as 2.3 bytes per entry.
• Efficiently scales across both consumer grade and enterprise hardware.
Developed by LayerZero Labs, QMDB is MIT and apache-2 licensed and completely open-source.
definitely a hot take:
interop application standards (for tokens and general state data passing apps) will be the biggest acceleration of mainstream adoption of crypto - for institutions as well as retail serviced by fintechs
labs retweeted
You could ask the same thing about Uniswap - why would Uniswap launch on Unichain?
Capture the revenue, create a custom execution environment that makes sense for their use case.
All the users are on Base? Now you need interop between Unichain and Base. All the liquidity on Ethereum? Need interop. Best yield on Bera? Need interop.
Interop is the next interop, and it isn't going anywhere.
labs retweeted
This is just a glimpse of what an AI agent dominated internet will look like.
Most of the manual workflows required of humans will eventually be automated away.
Pretty logical to see where the puck is going as agents improve and become the internet execution layer.
What else is only useful to human user execution (and going to zero over time)?
This quoted post is unavailable.
labs retweeted
$ai16z/eliza is officially the number one trending repository 𝐈𝐍 𝐓𝐇𝐄 𝐖𝐎𝐑𝐋𝐃 this December!
We've even surpassed Google Gemini 🔥
The work our community is doing is absolutely incredible, creating a tsunami in the open-source crypto world unlike anything seen since the birth of Ethereum in 2014.
A great day to be a partner or to become one! 🤝
