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Polyhedra Network partners with Renzo to provide $1.8 billion in crypto-economic security for its Bitcoin interoperability protocol

Polyhedra Network partners with Renzo to provide $1.8 billion in crypto-economic security for its Bitcoin interoperability protocol

CointimeCointime2024/03/27 14:13
By:Cointime

Polyhedra Network announced a partnership with Renzo to provide $1.8 billion in cryptographic economic security for its Bitcoin interoperability protocol by integrating Renzo's liquidity re-pledge token (LRT) and ZK token's dual pledge mechanism. This will achieve trust-minimized Bitcoin interoperability. In the future, ZK token (Polyhedra Network's native token) pledgers will receive profits from cross-chain messages in the Bitcoin ecosystem.

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