LayerZero Labs

Blockchains Scale Human Coordination 🎧 👇 Eigen Labs CEO Sreeram Kannan and LayerZero Labs CEO Bryan Pellegrino dive into how coordination and communication turn blockchains into technology that can reshape society—making crypto the biggest upgrade to human civilization since the U.S. Constitution. Full episode: https://lnkd.in/gd_w9uic

The best teams in crypto Build Omnichain.

BitGo has selected LayerZero’s OFT Standard for Wrapped Bitcoin (WBTC), a $9 billion asset and one of the most important tokens in DeFi. As part of the launch, BitGo is deploying WBTC to Avalanche and BNB Chain, with more chains coming soon. BitGo is also implementing its own DVN, which is required to sign off on each omnichain transaction. 🔗 https://lnkd.in/gYNPh34k

lCYMI -- LayerZero Foundation Introduces lzCatalyst 🔗 https://lnkd.in/g2_jRmRQ --- "LayerZero Foundation is launching lzCatalyst, a program dedicated to connecting the best builders with the best venture capital firms in crypto. As lzCatalyst launch partners, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures, and Spartan have the option to invest up to $300M to support the development of novel omnichain applications built on LayerZero. The lzCatalyst initiative is designed to empower developers with access to significant capital and resources. Participating funds are incentivized to directly invest up to $300 million into projects integrating LayerZero, but will independently maintain their respective diligence and investment processes. Projects that receive meaningful investment from one partner fund or participation from 2+ partner funds in a given round will be eligible to receive additional strategic capital investment directly from the LayerZero Foundation." --- Interested teams building on LayerZero can apply to lzCatalyst here. 🔗 https://lnkd.in/gCmWm6AW

BitGo founder Mike Belshe sat down with LayerZero Labs' Bryan Pellegrino and Simonas Baksys explain why BitGo chose LayerZero's OFT Standard for WBTC and how omnichain WBTC will "light up" DeFi. Full podcast ⬇ https://lnkd.in/gKBenDpy

BitGo has selected LayerZero’s OFT Standard for Wrapped Bitcoin (WBTC), a $9 billion asset and one of the most important tokens in DeFi. As part of the launch, BitGo is deploying WBTC to Avalanche and BNB Chain, with more chains coming soon. BitGo is also implementing its own DVN, which is required to sign off on each omnichain transaction. 🔗 https://lnkd.in/gYNPh34k

LayerZero Labs and IntellectEU are collaborating on a new innovative approach to Delivery vs. Payment (DvP) transactions by integrating on-chain settlement with off-chain payment rails for financial institutions. This combines LayerZero's leading blockchain interoperability protocol with IntellectEU’s Catalyst Integration Manager, allowing for seamless execution of cross-chain transactions directly from financial institutions' back offices. The proof of concept demonstrates secure and efficient cross-chain DvP transactions, initiated through Swift MT messages and completed with smart contracts on both private and public blockchains, facilitated through the LayerZero protocol. This approach also minimizes counterparty risk and ensures compatibility with existing banking systems. Details regarding the execution of the solution can be found in our Medium post: 🔗 https://lnkd.in/gzmKB7XE Join us at Consensus 2024 in Austin, TX, where we'll showcase the demo at the Hyperledger Foundation booth @ 10:00AM from Thursday, 30th - Friday, 31st of May. Experience firsthand how LayerZero and IntellectEU are shaping the future of finance on-chain with secure, efficient, and interoperable solutions.

LayerZero Labs and IntellectEU are collaborating on a new innovative approach to Delivery vs. Payment (DvP) transactions by integrating on-chain settlement with off-chain payment rails for financial institutions. This combines LayerZero's leading blockchain interoperability protocol with IntellectEU’s Catalyst Integration Manager, allowing for seamless execution of cross-chain transactions directly from financial institutions' back offices. The proof of concept demonstrates secure and efficient cross-chain DvP transactions, initiated through Swift MT messages and completed with smart contracts on both private and public blockchains, facilitated through the LayerZero protocol. This approach also minimizes counterparty risk and ensures compatibility with existing banking systems. Details regarding the execution of the solution can be found in our Medium post: 🔗 https://lnkd.in/gzmKB7XE Join us at Consensus 2024 in Austin, TX, where we'll showcase the demo at the Hyperledger Foundation booth @ 10:00AM from Thursday, 30th - Friday, 31st of May. Experience firsthand how LayerZero and IntellectEU are shaping the future of finance on-chain with secure, efficient, and interoperable solutions.

📝 lzLearn: What Is V2? LayerZero V2 is a permissionless, censorship-resistant, and immutable interoperability protocol. Details ↓ https://lnkd.in/gqbsGNat

𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐎𝐦𝐧𝐢𝐜𝐡𝐚𝐢𝐧 𝐅𝐮𝐧𝐠𝐢𝐛𝐥𝐞 𝐓𝐨𝐤𝐞𝐧𝐬 (𝐎𝐅𝐓𝐬) 🔍 𝘞𝘩𝘢𝘵 𝘪𝘴 𝘵𝘩𝘦 𝘖𝘍𝘛 𝘚𝘵𝘢𝘯𝘥𝘢𝘳𝘥? The OFT Standard is a universal contract for creating and transferring assets across blockchains. With the OFT Standard, tokens move across blockchains just like data packets move across the Internet. Tokens that adopt the OFT Standard are referred to as OFTs. 🌐 𝘒𝘦𝘺 𝘍𝘦𝘢𝘵𝘶𝘳𝘦𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘖𝘍𝘛 𝘚𝘵𝘢𝘯𝘥𝘢𝘳𝘥: - Unified Liquidity and Token Supply: OFTs maintain a single, global supply count, eliminating the need for wrapped assets and the risks associated with them. - Non-Custodial Control: Developers retain full control over their tokens, ensuring security and autonomy across blockchains. - Flexible Security: The OFT Standard allows for customizable Security Stacks, empowering developers to tailor the verification process to their specific needs. - Universal Semantics: OFTs offer a standardized token experience across all chains, reducing complexity and enhancing user engagement. 🚀 𝘙𝘦𝘢𝘭-𝘞𝘰𝘳𝘭𝘥 𝘈𝘥𝘰𝘱𝘵𝘪𝘰𝘯: With $4.5 billion in transfer volume across 45+ chains, the OFT Standard is used by over 100 projects, from stablecoins like agEUR and MIM to assets like Bitcoin (BTC.b) and Radiant (RDNT). 🔗 𝘍𝘰𝘳 𝘮𝘰𝘳𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯, 𝘤𝘩𝘦𝘤𝘬 𝘰𝘶𝘵 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘢𝘳𝘵𝘪𝘤𝘭𝘦! https://lnkd.in/gRiPBmjg