Brevis coChain and EigenLayer: Partnership for DeFi Development

Brevis coChain and EigenLayer Announce Partnership on EigenLayer Mainnet

Brevis coChain has announced a partnership with EigenLayer on the first day of the EigenLayer mainnet launch. This strategic collaboration opens up new possibilities for smart contracts, enabling them to perform computations on historical data from various blockchains, including those stored on-chain. EigenLayer provides the infrastructure for executing functions based on specially tailored data in a secure and protected environment.

Applications of the Partnership

As part of the partnership between Brevis coChain and EigenLayer, individual loyalty programs can be implemented for decentralized exchanges (DEXes) based on user transactional data. Brevis coChain leverages the EigenLayer structure to execute functions based on historical data, paving the way for many practical applications.

Collaboration with Ankr

Ankr serves as the foundation for implementing advanced features of Brevis coChain, thereby supporting the development of a more holistic product offering for the Web3 network. Ankr’s Rollups as a Service (RaaS) platform plays a key role in the partnership by enabling the creation of complex applications that utilize data and perform computations.

Innovative Approach

The partnership between Brevis and Ankr represents an innovative approach to addressing the major challenges of the blockchain sector, such as scalability, security, and interoperability. Through technological support for off-chain computations, Brevis reduces the number of operations performed on the Ethereum blockchain and other compatible networks, resulting in lower transaction fees for users. Additionally, Brevis employs ZK proofs for privacy verification and data security.

Decentralized Finance Development

The collaboration between Brevis, EigenLayer, and Ankr aims to establish the foundation for advanced decentralized services, targeting an even broader user base. This initiative is crucial for the success and advancement of decentralized finance (DeFi) and other blockchain-based applications that heavily rely on cross-chain functionalities.

Through an innovative approach and close collaboration among leading entities, the blockchain sector is becoming increasingly efficient and accessible to a wide audience, opening up new prospects for the development of the digital economy.