Lido Finance partners with Nil Foundation to build a 'zkOracle'

Quick Take

  • Lido Finance and Nil Foundation are collaborating to develop a zkOracle via a Lido developer grant.
  • The project aims to create a trust-minimized oracle system to validate asset accounting in Lido’s liquid staking protocol.
The zkOracle, to be built by Nil, is expected to authenticate Lido’s accounting metrics without reliance on trust.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.

You can unlock at any time.*
No wallet? No problem. You can set one up for free.
*a 2% locking fee will be added at the time of locking.

Editor

To contact the editor of this story:
Adam James at
[email protected]