Polyhedra Network announced that it has partnered with Renzo to provide $1.8 billion in crypto-economic security for its Bitcoin interoperability protocol by integrating Renzo’s Liquidity Re-collateralization Token (LRT) and the dual-collateral 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 capabilities, enhanced cryptoeconomic security through Renzo’s LRT, sets a new standard for secure, efficient and user-friendly cross-chain technology for Bitcoin messaging.
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)