Omni (L1 communication layer)

From CryptoWiki

AVS on EigenLayer

  • From Onchain Times (5-2024):

"Omni is a blockchain purpose-built to securely connect all rollups through the use of restaking. With hundreds of different rollups, Ethereum’s users and their capital are increasingly divided into isolated ecosystems. This fragmentation has led to a suboptimal state and poor user experience. Omni aims to unify all these rollups. Using Omni, developers can program across multiple Ethereum rollups as if they were working within a single state machine. Applications built with the Omni EVM can exist across all Ethereum rollups by default, enabling developers to integrate Ethereum’s entire liquidity and user base into their applications without constraints. The way Omni leverages Eigenlayer is particularly interesting: Instead of solely securing the Omni Network with the OMNI governance token, it incorporates restaked ETH to enhance the security of its network. Dual (and even multi-asset) staking is something we anticipate will gain popularity in the near future."

  • From Onchain Times (12-3-2024):

"Low latency interoperability network that connects Ethereum rollups securely through the use of restaking”. The Omni L1 (communication layer) is secured by restaked ETH and has already gotten a commitment from EtherFi of $600m in restaked ETH. Omni has further partnered with Mantle, Injective and several others and has raised $18m from Pantera, Two Sigma, Coinbase and more. Read more"