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…
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.
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.
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.
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! 🤝
labs retweeted
Another day, another blockchain ecosystem adopting LayerZero.
@swellnetworkio's L2 is upgrading from Chainlink to LayerZero to significantly enhance their ecosystem’s security!
All Swell assets listed will adopt the OFT Standard for secure, seamless asset transfers.
🔷 LayerZero is live on Swellchain, connecting the L2 to over 90 chains!
Some top crypto assets have already expanded to Swellchain using LayerZero's OFT Standard, including @swellnetworkio:
・ @ether_fi: $weETH
・ @ethena: $USDe
・ @KelpDAO: $rsETH
・ @swellnetworkio: $SWELL, $swBTC, $rswETH, $swETH
Starting today, holders can bridge these OFTs using @superbridge or @StargateFinance.
labs retweeted
Pudgy Toys:
Pudgy Toys / Pudgy World are built on @AbstractChain. When Abstract mainnet goes live, so will a bridge Via @LayerZero_Core for $PENGU.
After the bridge is live, toy buyers will be able to claim their $PENGU. More details will follow in January around Abstract’s mainnet.
labs retweeted
It’s pretty simple tbh. Never let anyone outwork you. General principle for life.
Q5 going to be amazing.
Accelerate.
labs retweeted
fun life update for thlither - super hyped to say that I’ve joined the BD team at @LayerZero_Labs
I’ve watched closely as LZ has become the sleekest, most usable, and best-positioned option for cross-chain interoperability today, powering omnichain apps and tokens that we all know and love. I couldn’t have more respect for what they’ve built, and couldn’t be more excited to work alongside @PaikCapital and team as they construct a version of DeFi where all tokens, apps, and blockchains communicate and work together seamlessly
big things ahead for decentralizoooors!
labs retweeted
$51B+ worth of assets using the OFT Standard to teleport from chain to chain.
100+ chains with zero slippage and zero liquidity needed.
If the future is abstraction, it will be built on LayerZero.
The combined market cap of tokens that have adopted LayerZero's OFT Standard to deploy assets on multiple chains is $51.3 billion.
For context, the total value locked into ALL L2s is $57.05B.
Interop matters.
Source:
dune.com/outputlayer/layerze…
Source:
l2beat.com/scaling/tvl
labs retweeted
Hyperliquid drop today was super impressive and kudos to @chameleon_jeff & team on the launch.
There was an insane amount of demand for bridging both to Arbitrum and back out. Particularly for USDC.
We saw over ~$26M in inbound volume to Arbitrum today, which in and of itself isn’t worth mentioning. You know what is?
Stargate delivered every single transaction in the time that was quoted. Want to bridge $100 USDC from Base to Arbitrum? 30 seconds. Want to bridge $1,000,000 USDC from Base to Arbitrum? 30 seconds. Every. Single. Time.
Messaging-based bridges are not slow, they are reliable, and they are built to sustain black swans and they are built to sustain high demand. There is no reliance market makers or profitability. If you can quote it, you receive it. Instant Guaranteed Finality.
It should be no surprise that the top bridges today, on a day of high demand and need for reliability, are burn/mint and message-based bridging. There is no alternative when push comes to shove.
Remember this on the days where you need a bridge. Stargate works. Every. Single. Time.
