Ditto to Secure Automation Flows with swBTC: Ditto on Swell L2
Ditto Network continues to push the boundaries of what’s possible in decentralized finance (DeFi) by integrating advanced security and automation features. The latest development involves Ditto’s Actively Validated Keeper Network (AVS), which secures automation flows using swBTC (Swell restaked BTC) on the Swell L2 network. This integration leverages shared security from Symbiotic and Eigenlayer, making Ditto a powerful player in the automation and economic security space.
Unlike traditional rollups, Swell’s Layer 2 rollup is a “restaked rollup,” a framework pioneered by AltLayer. This restaked rollup will include a range of Actively Validated Services (AVS) that enhance its security and decentralization by offering core services such as decentralized sequencing, decentralized verification, and faster finality, all powered by EigenLayer’s restaking mechanism. This innovative approach aligns perfectly with Ditto’s mission to secure and automate DeFi workflows in a trustless environment.
How Ditto Will Use swBTC Economic Security
As the largest and most valuable cryptocurrency, Bitcoin plays a crucial role in the crypto ecosystem. Through Symbiotic, Bitcoin has recently been supported and made liquid via Swell’s restaked BTC (swBTC), opening new avenues for enhancing security across blockchain networks. By integrating swBTC into its operations, Ditto ensures that all workflows are executed reliably and securely.
The economic security of Ditto is tied to the Total Value Locked (TVL) in swBTC. As the TVL in swBTC scales, so does the economic security provided by Ditto. This creates a positive feedback loop where increased adoption of swBTC enhances Ditto’s security, which in turn encourages further adoption. Additionally, the fees captured by Ditto will generate revenue for the swBTC vault, benefiting restakers and further strengthening the ecosystem.
Ditto on Swell L2
Ditto’s deployment on Swell L2 marks a significant step forward in providing robust automation infrastructure to decentralized applications (dApps). Swell L2, the first vertically integrated Layer 2 rollup with restaking capabilities, offers an ideal environment for Ditto’s advanced automation tools. By providing infrastructure to dApps on Swell L2, Ditto empowers developers to build faster, more feature-rich applications with improved security and automation.
This integration not only improves the DeFi experience for users but also accelerates innovation by giving developers access to the tools they need to create the next generation of decentralized applications. As Swell Founder Daniel Dizon commented, “Expanding Swell’s liquid restaking offerings into the L2 for restaking is the next logical step for the Swell community and DAO. It extends on the existing vision of the protocol to deliver the best liquid restaking experience for DeFi. Swell’s L2 will drive step-change for the Swell community and deliver fresh innovation to DeFi, along with EigenLayer and its growing ecosystem of Actively Validated Services (AVSs).”
About Ditto Network
Ditto Network is a trustless actively validated keeper network (AVS) that runs event-driven workflows with economic guarantees of execution, leveraging shared security. In addition, Ditto offers various intent-centric automation modules and SDKs for founders and developers, introducing the future of embedded finance solutions in Web3.
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About Swell
Swell is the restaking yield layer for Ethereum, providing liquid staking and restaking primitives for DeFi. As the first protocol to deliver a vertically integrated Layer 2 restaked rollup, Swell is at the forefront of innovation in the blockchain space, offering new opportunities for enhanced security and efficiency in decentralized applications.
About Symbiotic
Symbiotic is a generalized shared security system that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. By providing the foundational infrastructure for secure and scalable blockchain networks, Symbiotic plays a crucial role in advancing the decentralized economy.