The Omni Network aims to enable use cases including cross-rollup stablecoins and other DeFi primitives that can aggregate liquidity from different Layer 2 rollups.
Blockchain development firm Recursive introduces Omni Network, a cross-rollup protocol Ethereum Retaking Project Eigen Layer. The Omni Network aims to be the first generalized cross-rollup infrastructure protocol to tap into Ethereum’s vast security infrastructure. Specifically, the Omni Network facilitates communication between Layer 2 Rollups while achieving security from the Ethereum mainnet.
recursive and omni network
Recursive, formerly called Ruft, raised nearly $18 million in 2022 from veteran blockchain investors such as Pantera Capital, Jump Crypto, The Spartan Group and Two Sigma Venture Capital to bootstrap the idea. As a result, Omni Networks was able to hire experienced developers to build infrastructure for decentralized applications seeking to scale on various Ethereum-based rollups.
“Omni transmits messages from one rollup to another,” said Austin King, co-founder of Recursive. “Users conduct transactions over a protocol that integrates Omni, which are then witnessed by Omni validators who are responsible for sending messages to recipient rollups.”
As Web2 Internet projects and traditional financial institutions tap into the Web3 scalable market, the development of interoperable infrastructure is critical to mainstream adoption. As a result, the Omni Network aims to enable use cases including cross-rollup stablecoins and other DeFi primitives that can aggregate liquidity from different Layer 2 rollups.
“Omni allows developers to think globally, not locally,” said King, who runs Strata Labs. “This has significant implications for users in terms of providing access to a wider market and fundamental economic benefits such as liquidity aggregation in rollups.”
The future of Omni Network on the Ethereum ecosystem
The Omni Network is in the early stages of development and has yet to be released to the public. In the coming weeks, the Omni Networks team will release more details on how to announce DeFi Developers can benefit from the newly launched Layer Two Interoperable Infrastructure. Specifically, Omni Networks wants to educate its users about how it leverages Ethereum for Security for Interoperability, the new class of applications that will facilitate programmable interoperability, and its Core Rollup with partners. Technological development will progress.
“Omni started with a promise to bring programmable Ethereum interoperability to the world, and we are just getting started,” it said in a blog post. noted on the Omni website.
Specifically, the Omni Network will tap into EigenLayer, a protocol built on the Ethereum network that offers delegated ether on the Beacon Chain and from liquid staking programs like Lido Finance. With EigenLayer, Ethereum stakeholders can help secure multiple decentralized finance protocols by rescaling their staked ether and select multiple DeFi projects at once, thereby providing pooled security. May go.
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