Lumio L2 will integrate with EigenDA to tap into predictable data availability costs, reserved bandwidth without congestion, modularity, and financial savings.
SINGAPORE, April 2, 2024 /PRNewswire-PRWeb/ -- Pontem, the product studio behind the popular Pontem Wallet and Liquidswap DEX for Aptos and the altVM rollup Lumio, has announced a partnership with Eigen Labs, a research organization focused on contributing to innovative Ethereum protocols. Pontem will work with Eigen Labs to use AVS (Actively Validated Services) such as data availability on Lumio. The partnership will aim to enable novel use cases for the emerging ecosystem of applications on the EigenLayer ecosystem.
Alejo Pinto, Co-founder of Pontem, said "The ability for EigenLayer to enable the use of ETH security for various applications is revolutionary. Proof of Stake as a service is a genius concept that enables various use cases which can thrive on Lumio. By partnering with Eigen Labs to utilize Eigen's technology, we are positioning Lumio network to be at the forefront of innovation in the industry. We are confident that this partnership will not only benefit our users but also pave the way for the future of crypto. Any Aptos or Solana application on Ethereum will be able to plug into the Eigen AVS ecosystem through Lumio"
Calvin of EigenLayer said, "We are happy to see Pontem integrate EigenDA into the altVM ecosystem on Lumio. Eigen's AVS ecosystem can help to ensure that Lumio applications can use AVS apps in a way that is modular, secure, and scalable. Together, we are committed to pushing the boundaries of what's possible in Web3 and empowering our users with the tools they need to succeed."
Lumio joins the prominent group of blockchains that form part of the EigenLayer ecosystem, which also includes Celo and Mantle.
Lumio is a pioneering altVM L2 project – a rollup that supports various blockchain virtual machines and can be set up to settle on various L1 layers. The project already includes SuperLumio, a mainnet iteration built on the OP Stack and set to become part of the Optimism Superchain, an emerging network of L2 chains. Another iteration of Lumio, xLumio, is live on testnet on both EVM and Move VM (the virtual machine used by Aptos) and functions as a production-grade experimentation sandbox.
EigenLayer enables Actively Validated Service (AVS) that functions as services such as data availability solution EigenDA for L2 chains. EigenDA stores rollup transaction data until it is finalized. It relies on hundreds of EigenLayer operators who store and serve data "chunks" at a cost that is many times lower than that of writing call data to Ethereum.
The integration of Lumio L2 and the EigenDA testnet is targeted to go live before the end of Q1 2024, followed by a mainnet deployment before the end of the year. In the meantime, the development and marketing teams of Pontem and Eigen Labs will closely collaborate to ensure the success of the integration.
For media inquiries, please contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.
About Pontem
Pontem is a product development studio building Move and EVM-compatible products to enable a more developer and user-friendly Web3. Pontem's products include Lumio AltVM L2, Pontem Wallet for the Aptos and EVM ecosystem, Liquidswap AMM DEX, Pontem.ai, and the first-ever Intellij IDE plugin for Move, among others. Pontem is backed by Faction, Lightspeed, Pantera, Animoca, Kraken Ventures, Delphi Digital, and over 20 other well-known Vcs.
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Media Contact
Phil LeRoy, Pontem, (310) 260-7901, [email protected], https://pontem.network/
SOURCE Pontem
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