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Polyhedra Network and Renzo join forces to provide $1.8 billion in economic security for Bitcoin and Layer-2 network interoperability
2024-03-27 13:51
Odaily News Polyhedra Network announced that it has reached a cooperation with Renzo to provide $1.8 billion in crypto-economic security for its Bitcoin interoperability protocol by integrating Renzo’s Liquidity Re-pledge Token (LRT) and the dual pledge mechanism of ZK tokens. To achieve trust-minimized Bitcoin interoperability. This collaboration expands the interoperability, security, and user experience of the Bitcoin ecosystem. The combination of zero-knowledge proofs, AVS and staking/re-staking functions, enhanced cryptoeconomic security through Renzo’s LRT, sets a new standard for secure, efficient and user-friendly Bitcoin messaging cross-chain technology. In the future, pledgers of ZK tokens (the native token of Polyhedra Network) will receive income from cross-chain messages in the Bitcoin ecosystem. (TheBlock)