Polyhedra Network recently announced entering a partnership with EigenLayer. The collaboration was announced on the official Twitter/X account of Polyhedra Network.
As per the announcement, the parties will bring the crypto-economic staking security to elevate the efficiency and security of L1 and L2 networks. This will be done using the zkBridge technology amidst the networks.
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Polyhedra Network has been on a roll with new partnerships. It has only been a week since the network started collaborating with Second Live. The integration was announced to promote Web3 using zero-knowledge protocols.
Polyhedra Network has been refraining from sharing more details about these partnerships. However, the objective behind the Second Live collaboration was also to assist Layer 1 and Layer 2 interoperability.
Given the similarities between the partnerships, it is safe to assume that Polyhedra Network is establishing its presence using its zero-knowledge technology. The network started the year on a positive note, raising more than 10 million dollars in February.
The Polychain-led round was followed by another fundraiser, helping the network gain another 15 million dollars. However, Polyhedra Network is not the only one making giant strides in the industry.
EigenLayer also gained massive traction by attracting over 30k ETH in minutes after lifting deposit caps. The staking protocol witnessed a massive demand from investors who were holding liquid staking tokens.
EigenLayer had previously placed the ETH cap at 9,600. However, since the 30k cap was filled instantly, the protocol treated users by bumping the limit up to 45k within an hour.
The protocol has established a widespread user base despite not having a token. That is why early EigenLayer users have been anticipating an airdrop in the upcoming months.
While EigenLayer is yet to make a move in that regard, the protocol has made another massive step by joining hands with Polyhedra Network.
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