KEY TAKEAWAYS
- Avail integrates Wormhole’s NTT framework to extend AVAIL and stAVAIL tokens to the Base network, enhancing its web3 application ecosystem.
- The Avail Network’s modular stack supports custom appchains and rollups, with AVAIL tokens crucial for data availability and network security.
- Wormhole’s NTT framework enables seamless cross-chain token transfers, preserving token properties and offering flexibility in governance and customization.
- This integration aligns Avail with the multichain token adoption trend, expanding its capabilities within the Base ecosystem.
Avail has announced the integration of Wormhole’s Native Token Transfers (NTT) framework to extend its tokens, AVAIL and stAVAIL, to the Base network. This strategic move aims to broaden the reach of Avail’s unification layer within the growing ecosystem of web3 consumer applications.
The Avail Network is a modular application development stack that includes a data availability (DA) layer, a multi-asset security layer, and a cross-chain communication layer. These components empower developers to build and deploy custom appchains and rollups efficiently. The AVAIL token is integral to accessing Avail’s data availability services and securing the network, also playing a significant role in governance.
Currently, AVAIL is live on the Avail Network as an ERC-20 token, supporting a rapidly expanding ecosystem with over 110 partners, including major rollup stacks like Arbitrum, Optimism, Polygon, Starknet, and zkSync. The integration with Wormhole’s NTT framework is designed to extend AVAIL’s capabilities to the Base ecosystem.
Understanding Wormhole’s NTT Framework
Wormhole’s Native Token Transfers (NTT) is an open and composable framework that facilitates the seamless transfer of native tokens across blockchains while preserving their intrinsic properties. NTT is already utilized by leading projects such as Sky, Lido, JitoSOL, ether.fi, Stakewise, and Wormhole’s W token, showcasing its reliability and industry-wide impact.
By adopting NTT, Avail joins other prominent protocols in leveraging this framework to develop cross-chain protocols within an open architecture. This integration allows projects to maintain full control over their tokens’ behavior on each chain, including customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering flexibility and adaptability.
Implications of the Integration
For existing token deployments like AVAIL and stAVAIL, NTT can function in a hub-and-spoke model, maintaining the original token supply on a single chain while enabling cross-chain transfers. Alternatively, it can be deployed in a burn-and-mint mode to create natively multichain tokens, distributing a unified supply across multiple chains without liquidity fragmentation.
This integration is significant as it allows Avail to expand its reach and capabilities within the Base ecosystem, aligning with the broader trend of multichain token adoption. The integration was announced here.
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