Key Highlights
- Flare has joined LayerZero as a Decentralized Verifier Network (DVN).
- LayerZero’s Omnichain Fungible Token (OFT) issuers will be able to add Flare network-level verification to cross-chain security systems.
- Flare’s DVN is expected to launch on mainnet in early December, initially supporting Flare and Ethereum.
Flare Joins LayerZero’s Decentralized Verifier Network
Flare, a blockchain network focused on decentralized data infrastructure, has joined LayerZero as a Decentralized Verifier Network (DVN). The integration is designed to expand the verification options available to projects moving fungible tokens across blockchain networks through LayerZero.
Issuers using LayerZero’s Omnichain Fungible Token (OFT) standard will be able to add Flare’s network-level verification to their cross-chain security systems. The OFT standard supports token transfers across multiple blockchain networks while allowing issuers to use LayerZero’s interoperability infrastructure.
OFT Standard Supports Major Token Issuers
LayerZero’s OFT standard is used by major issuers including Tether, PayPal, Paxos, and Ondo. According to the source, the standard supports more than 85% of cross-chain USD volume and has processed over $300 billion in transfers.
By joining LayerZero’s DVN network, Flare will provide an additional verification layer for OFT-based cross-chain transfers. The arrangement is intended to give issuers another network-level option when designing security systems for their omnichain token deployments.
Flare DVN Mainnet Launch Planned for Early December
Flare’s DVN is expected to go live on mainnet in early December. The initial deployment will support Flare and Ethereum, establishing the first scope for the network’s verification service within LayerZero’s cross-chain infrastructure.
Why This Matters
The integration connects Flare’s decentralized data infrastructure with LayerZero’s established omnichain token framework. For issuers such as Tether, PayPal, Paxos, and Ondo, the addition of Flare as a DVN creates another potential component for cross-chain verification. The next stated step is the planned mainnet launch, initially covering Flare and Ethereum.
Frequently Asked Questions
What is Flare’s role in LayerZero?
Flare has joined LayerZero as a Decentralized Verifier Network, providing network-level verification that issuers can add to cross-chain security systems.
Which token standard will use Flare’s verification?
Flare’s verification will be available to issuers using LayerZero’s Omnichain Fungible Token standard.
When will Flare’s DVN launch?
Flare’s DVN is expected to go live on mainnet in early December, initially supporting Flare and Ethereum.
