Tanssi's integration with Symbiotic enables quick access to Ethereum's $45 billion security pool for decentralized networks.
Key Takeaways
- Tanssi enables rapid deployment of decentralized networks on Ethereum in minutes.
- The partnership with Symbiotic allows access to billions in shared security from staked ETH.
Tanssi Foundation has expanded its blockchain infrastructure protocol to Ethereum, enabling rapid deployment of decentralized networks known as Actively Validated Services (AVS) in minutes. According to the announcement, this expansion is facilitated through a partnership with Symbiotic, a permissionless restaking protocol.
Tanssi’s integration with Ethereum allows developers to create highly customizable and decentralized networks, leveraging Ethereum’s security. By using Symbiotic’s restaking protocol, Tanssi-based networks can access billions of dollars in shared security from staked ETH.
“Tanssi is providing developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and battle-tested blockchain development stacks,” stated Felix Lutsch, Head of Ecosystem at Symbiotic.
He added that by integrating with Symbiotic’s shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an appchain with restaking functionality in minutes.
Restaking consists of using an already staked digital asset into another layer, hence the name, meaning that the mainnet and that new infrastructure share the same validators. Thus, projects are allowed to build solutions outside the mainnet, helping with the scalability of their decentralized applications, known as AVS.
The collaboration introduces new possibilities for developers by integrating Substrate’s flexible software development kit (SDK) for complete customization. Tanssi’s framework allows developers to implement AVS using prebuilt templates and modules, achieving full decentralization without relying on a single sequencer.
“Decentralized networks, also known as Actively Validated Services (AVSs), offer new possibilities for applications that don’t fit within the rollup model. Tanssi changes the game by providing a fully customizable, decentralized environment where developers can launch Ethereum-based networks in minutes,” commented Francisco Agosti, Tanssi co-founder.
Tanssi has raised $9 million from investors including Arrington Capital, SNZ, HashKey, Borderless, and Fenbushi. With over 2,000 application-specific blockchains deployed on its testnet, Tanssi aims to set a new standard in the Ethereum ecosystem, with its mainnet launch expected in early 2025.
