Interoperability platform Wormhole has teamed up with restaking provider Nuffle Labs to introduce a groundbreaking multichain restaking solution for users across all chains. The partnership, announced on December 17, aims to simplify the staking process by allowing users to stake their tokens on any chain without the need for cross-chain bridging.
By leveraging Wormhole’s message-passing architecture, Nuffle Labs’ NUFF Protocol, and EigenLayer’s staking infrastructure, the new solution addresses liquidity fragmentation within the multi-chain staking ecosystem. This collaboration marks a significant milestone in the crypto space, offering users the ability to stake their assets natively on any chain from anywhere.
Firat Sertgoz, the co-founder and chief technology officer of Nuffle Labs, emphasized the importance of this partnership in bringing ‘x from anywhere’ restaking to the multi-chain environment. He highlighted the fragmented nature of today’s economic zones across different layers, noting that assets residing in one economic zone often cannot interact with applications in another. The Nuff Protocol’s innovative approach aims to bridge these gaps and enable seamless cross-chain restaking.
The new solution is the first of its kind to offer native cross-chain restaking and initially supports EigenLayer, a popular restaking protocol on Ethereum with a total value locked of over $18.4 billion. Other leading restaking protocols by TVL include Babylon, Symbiotic, and Karak. Users on the Nuff Protocol can now restake tokens from any blockchain on EigenLayer, thanks to the integration of NEAR DA for data availability and Nuffle Fast Finality Layer for multi-chain messaging.
In recent times, prominent platforms and protocols like Flow Traders, Securitize, Agora, and Infinex have integrated Wormhole’s technology, signaling a growing interest in interoperability solutions within the crypto industry. This collaboration between Wormhole and Nuffle Labs marks a significant step towards a more connected and efficient staking ecosystem, paving the way for seamless token management across multiple chains.
As the crypto landscape continues to evolve, partnerships like this one play a crucial role in driving innovation and enhancing user experience in the decentralized finance space. With the launch of this multichain restaking solution, users can look forward to a more streamlined and accessible staking process, regardless of the blockchain they choose to operate on.