Brevis Network: Allowing smart contracts to read and compute historical onchain data
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Learn about Brevis AVS with Kiln Restaking Rendez-Vous! Wanli Zhou, Head of Ecosystem at Brevis Network, joins Edgar R. to explore the Brevis AVS. Get insights into how Brevis unlocks affordable, multi-chain historical data processing for smart contracts!
Unlocking historical insights for smart contracts
The episode introduces the challenges of using historical data within smart contracts. Currently, data accessibility can be limited, hindering the development of expressive logic. Brevis tackles this issue with their AVS solution.
Brevis AVS leverages zero-knowledge computation, allowing smart contracts to 'read' historical on-chain data efficiently. This helps developers to create more sophisticated and cost-efficient applications built on a foundation of historical information, all while upholding decentralization principles.
The Brevis AVS has already been launched on the EigenLayer mainnet, demonstrating its real-world applicability. Additionally, Brevis is actively collaborating with developers to integrate zero-knowledge proofs (ZKP) into their applications, paving the way for a future with data-driven smart contracts.
How restakers will be incentivized?
A critical question for all AVSs is how they plan to incentivize restakers. For Brevis the answer lies in a multi-layered approach designed to attract both developers and restakers.
Brevis plans to share a portion of the co-processing fees with all participants. This includes network operators, dApps building on Brevis (including restakers), and Liquid Restaking Tokens solutions. This creates a direct financial incentive for restakers, as their participation directly influences their share of the fees generated by users and protocols utilizing Brevis' services.
Beyond immediate financial rewards, Brevis is establishing a point system. This system will likely consider factors like the staked value and staking duration. Wanli explained that Brevis recognizes the value of early adopters. Developers and users who integrate with Brevis ZKP and generate usage will likely be rewarded with additional points through the system.
Watch or listen to this episode and get a comprehensive overview of Brevis AVS. Stay tuned for more discussions in the coming weeks!
About Kiln
Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $11 billion in crypto assets being programmatically staked and running over 5% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified.
