Torque Selects LayerZero as Omnichain Supplier for Upcoming V2 Smart Contract Deployment
Torque chose LayerZero as the omnichain supplier for Protocol V2 for secure cross chain messaging, TORQ, bridged liquidity, and products like Torque Bridge.
We’re thrilled to announce Torque has selected LayerZero as our omnichain supplier for the V2 deployment of the Torque Protocol. This integration marks another significant milestone in our mission to deliver a seamless, scalable, and user-friendly experience for global savers.
On interoperability
LayerZero is a cutting-edge interoperability protocol that enables effective communication between 90+ blockchains while preserving security and upholding the principles of decentralized finance.
“The alignment of LayerZero’s vision with ours is clear: Torque V2 aims to unify the fragmented decentralized finance landscape into a streamlined, cohesive experience” — Cameron Conrad, Torque Founder/CEO.
We want global savers to access the best economic opportunities on Ethereum, Arbitrum, and other blockchains without friction, and LayerZero provides essential infrastructure to make this vision a reality.
Why LayerZero?
When evaluating potential omnichain partners for our V2 deployment, we were looking for a solution that could deliver on several key fronts:
- Security: Security is at the core of everything we do. LayerZero’s trustless interoperability and customizable security configurations ensure our users’ transactions are verified across multiple DVNs.
- Scalability: As Torque grows, handling larger volumes across different networks becomes increasingly important. LayerZero’s scalable architecture allows us to support more users and assets.
- Efficiency: With LayerZero’s efficient cross-chain communication, we can eliminate friction through omnichain yield aggregation and borrowing products without any added complexities.
Credit: LayerZero modular security — security stack & DVNs
Unlocking capabilities
The integration with LayerZero unlocks several capabilities:
- Torque (TORQ): Facilitates cross-chain interoperability via LayerZero’s OFT standard, supporting omnichain protocol incentive distributions.
- Torque USD (TUSD): Facilitates cross-chain interoperability and one-click borrowing via LayerZero’s OFT and OApp standards, enhancing the accessibility of Torque USD (and other tTokens) across blockchains.
- Torque Bridge: A new Torque product incorporating OFT-supported assets such as the above (and other popular tokens) while ensuring users’ assets are transported in a timely and secure manner.
Future prospects
This integration supports Torque’s evolution into a fully fledged web3 super app offering an unparalleled, account abstracted saving (and spending) experience. We believe in the natural evolution of DeFi — a vision where users may access the finest opportunities without friction.
Torque V2 is not just an upgrade; it’s one giant leap in making DeFi accessible, efficient, and usable by global savers. With LayerZero as our omnichain supplier, we’re excited to deliver an even more powerful protocol that empowers users and developers with the tools they need to provide liquidity, access credit lines, and grow wealth while reducing friction, increasing transparency, and guaranteeing self-custody.
Conclusion
With Torque V2 deployment work currently underway, we cannot wait to share more updates as we proceed through testnet and onwards to the official release. Stay tuned for more information on what is to come, and thank you for being part of the global Torque community.
