About LayerZero
LayerZero is a cross-chain interoperability protocol that enables messaging and asset transfers between multiple blockchains. Bryan Pellegrino, Ryan Zarick, and Caleb Banister co-founded LayerZero Labs in 2021. It is not a standalone blockchain with its own consensus mechanism. Instead, it works as a messaging layer that uses external oracles and relayers to pass data between chains. The ZRO token launched via an airdrop and claims process on 20 June 2024. ZRO is the native token of the LayerZero protocol and is used for governance, paying protocol fees, and staking-related functions. ZRO has a fixed maximum supply of one billion tokens, with no inflation, distributed over a multi-year vesting schedule. LayerZero allows decentralized applications and users to interact across different blockchain networks through a unified messaging infrastructure.
USDai and sUSDai expand to Solana with cross-chain transfers via OFT
The expansion to Solana enhances USDai's cross-chain capabilities, potentially increasing DeFi adoption and liquidity across diverse ecosystems.
KelpDAO developer sues LayerZero, CEO over $292 million exploit and blame-shifting
The lawsuit highlights the critical need for robust security measures and transparent communication in decentralized finance to prevent massive financial losses.
Eco brings unified USDC routing to Stargate to streamline access to cross-chain liquidity
LayerZero integrates with TACEO Merces to enable private cross-chain token transfers
The integration enhances privacy in cross-chain finance, potentially increasing institutional adoption by addressing transparency concerns.
LayerZero Research completes formal verification of Jolt bytecode expansion
LayerZero's formal verification of Jolt bytecode expansion enhances trust in zkVMs, potentially setting new standards for blockchain security.
Anchorage Digital taps LayerZero for cross-chain stablecoin infrastructure
The potential partnership highlights the growing importance of interoperability and compliance in the evolving digital asset landscape.
A sourced map of LayerZero's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on LayerZero and the wider market, hosted by our team, will appear here once episodes are live.