Eigen Layer has collaborated with Nuff to develop a new staking protocol. The integration of the Nuff protocol will extend EigenLayer’s ecosystem support and improve its fundamental features. The goal is to make the new platform the standard platform for open innovation.
We’re expanding @EigenLayer beyond @Ethereum L1.
Re-record wherever you are.
Reward anywhere.
Accounting on @EigenLayer.We are building the Nuff protocol,
The first universal readmission protocol.This provides fundamental benefits for the recovering market: pic.twitter.com/kwFaNxfX3B
— nuffle (waff/le) (@nufflelabs) September 11, 2024
EigenLayer is a protocol built on Ethereum that introduces resttaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH at the consensus layer. Users who stake ETH natively or with a liquid staking token (LST) can sign up for EigenLayer smart contracts to stake their ETH or LST again and extend cryptoeconomic security to additional applications on the network to earn additional rewards earn.
With EigenLayer, Ethereum stakers can help secure many services by repossessing their staked ETH and enabling too many services at once, providing unified security. Repurposing ETH to provide security for many services reduces the capital cost for a staker to participate and significantly increases trust guarantees for individual services.
More about the upcoming Nuff protocol
To improve on NEAR DA and the Nuffle Fast Finality Layer (NFFL) AVS, the developers of the Nuff Protocol are working on a permissionless platform that will allow AVSs to use the cryptoeconomic security features of any blockchain natively and securely. EigenLayer is their chosen recovery ecosystem.
Nuff Protocol is a first: it allows restakers to earn rewards and provide security directly from their origin chains. Eliminating bridged asset risk and adding more asset types for pricing significantly improves recovery economics for everyone involved.
In addition to making the revamped security market more accessible, the Nuff Protocol will help AVSs take advantage of new feature sets, minimize their security costs, and streamline their DevX, lowering numerous barriers to entry for AVS development. The details of these features will be covered in subsequent blog posts.
