We continue to receive more inspiring news about Brevis AVS – an additional $500 million of staked ETH has been committed from Renzo! Renzo is a liquid restaking protocol and strategy manager for EigenLayer, who will reinforce the security of the Brevis coChain Actively Validated Service (AVS) following our integration and launch on Mainnet. This milestone represents a significant stride toward fortifying the security of ZK coprocessing infrastructure for Web3!
Liquid Restaking and Renzo
Restaking is devised to improve the utility of staked assets. One of the featured restaking protocols is EigenLayer, built on Ethereum, which revolutionizes crypto-economic security by reusing staked ETH or Liquid Staking Tokens (LSTs) for additional infrastructure services or PoS networks, which are referred to as Actively Validated Services (AVSs). Liquid restaking is the process of allowing stakers to natively stake ETH or deposit liquid staking tokens (LSTs) into smart contracts to participate in restaking to the various AVSs and earn extra yield.
Renzo functions as a Liquid Restaking Token (LRT) and Strategy Manager within the EigenLayer ecosystem. Through its LRT, ezETH, Renzo is designed not only to capture the value of restaked ETH or LSTs but also to reflect the additional rewards earned by the restaked position in the price of ezETH. Serving as an interface to the EigenLayer ecosystem, Renzo contributes to the security of various AVSs while providing opportunities for higher yield compared to traditional ETH staking alone.
Renzo’s commitment of $500 million in ETH restaking to the Brevis AVS marks a crucial achievement in enhancing the security and scalability of Brevis’s ZK Coprocessing infrastructure. This initiative enables Brevis developers to take advantage of Ethereum’s level of crypto-economic security, ensuring the continued security, reliability, scalability, and efficiency of the Brevis ecosystem.
Securing Brevis coChain AVS with Renzo
Brevis is a smart ZK coprocessor that empowers smart contracts to read the full historical on-chain data from any chain and run customizable computations in a completely trust-free way.
Brevis only operated using a “pure-ZK” model until we launched Brevis coChain, which introduced a new “propose-challenge” ZK Coprocessor model. Brevis coChain is a PoS network that accepts coprocessing requests from smart contracts and optimistically generates coprocessing results through PoS consensus. These PoS-generated results are submitted to the coChain as “proposals” that are subject to be “challenged” via Zero-Knowledge (ZK) proofs. If no challenge is initiated, the results can be used by dApps directly without incurring ZK proof generation costs. This hybrid model should be more fit for most of the applications today, in terms of cost, latency, and user experience.
By running Brevis coChain as an Eigenlayer AVS and secured by the ETH restaking from Renzo, we can expand and extend the Ethereum-level crypto-economic security by easily reusing the staked ETH without having to unstake them.
Next Steps
We are thrilled to be working closely with Renzo and look forward to exploring the various integration possibilities with Brevis’s ZK Coprocessor for different features in Renzo’s platform!
Stay tuned for more updates!
About Brevis
Brevis is a smart ZK coprocessor that empowers smart contracts to read the full historical on-chain data from any chain and run customizable computations in a completely trust-free way.
Brevis can trustlessly read the states, transactions, and receipts of any time frame. It efficiently runs computations on data of any size: as the data to prove increases in size, Brevis significantly reduces the per unit cost and time for proof generation. Additionally, Brevis seamlessly verifies Zero-Knowledge (ZK) proofs on any blockchain, providing a unified and trustless user experience for decentralized applications (dApps) operating across multiple chains.
Brevis empowers data-rich use cases including data-driven DeFi, user-segment optimized live-ops features, zkBridges, zkDID, and smart-contract native risk control, all executed in a trustless manner.
Dive Deeper into Brevis:
🌐Website | 🗨️Telegram | 🐦X | 🎮Demo | 📘SDK Docs
About Renzo
Renzo is the restaking hub of Eigenlayer built to streamline and expand access to the most intelligent Liquid Restaking strategies. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing Actively Validated Services (AVS), while delivering a powerful interface for risk management and rewards tracking on Eigenlayer.
With Renzo’s ezETH – the most integrated Liquid Restaking Token (LRT) – users can access broad exposure to the Eigenlayer (and Ethereum) ecosystems with more opportunities to generate rewards. Learn more: https://www.renzoprotocol.com/
Brevis Network© 2023 