MindV

🤗 Introduction to MindV

MindV: dapp.mindnetwork.xyz

MindV is an innovative FHE (Fully Homomorphic Encryption) infrastructure designed for AI, introducing the world’s first FHE voting solution to ensure secure consensus for both AI and Proof-of-Stake (PoS) networks. By empowering restakers with voting power proportional to their restaked assets, MindV enhances network security and fosters a more equitable governance environment across various systems.

Decoupling Voting from Restaking

MindV separates voting rights from restaking through Total Governance Value (TGV), allowing users to earn $vFHE by holding staked assets. This enables risk-free participation in governance across multiple networks while boosting consensus security. Partnerships with networks like Puffer, Manta Network, and Etherfi contribute to a combined TGV of $4 billion.

Delegation and the Vote on Hubs

MindV empowers participants through its delegation and Vote on Hubs features, enabling seamless participation in decentralized governance while maximizing rewards. Users can delegate vFHE to specific hubs to earn daily rewards or register as voters without holding vFHE, ensuring broad accessibility. These features provide dual revenue streams, allowing participants to earn as both voters and delegators, while also offering early-bird advantages such as amplified rewards and access to future airdrops, making governance both impactful and rewarding.

🤝 Who use MindV?

Mind Network introduces a Fully Homomorphic Encryption (FHE) layer to protect consensus, data, and cryptoeconomic security through FHE validation. It brings benefits to all participants:

1. For AI and POS Networks:

• Consensus Security: protected by FHE validation to ensure fairness and security for the consensus computation.

• Cryptoeconomic Security: further protected by offering a restaking marketplace to allow AI or POS networks to adopt the restaking tokens from ETH, BTC or AI ecosystems to diversify the risk.

• Data Security: ensured by end to end encryption for the high value data through decentralized computation.

2. For Restakers:

• For the restaking ecosystem, Mind Network has innovatively introduced the concept of TGV (Total Governance Value), allowing stakers to earn risk-free returns by participating in the FHE ecosystem. We use vFHE, an ERC20 token, to represent the decoupled voting power, referred to as Tokenized Power Voting. Currently, there are two ways to acquire vFHE.

  • From Partners: Restaking on Mind Network’s partnered projects and holding their LST/LRT tokens lead to the accumulation of voting power (vFHE) on the Mind Network.

  • From Mind Network: Restaking Mind ecosystem related LST/ LRT on the Mind Network lead to the accumulation of voting power (vFHE) on the Mind Network.

• Risk-Free Yield: Without the need for cross-chain transfers or staking, voting power can be unlocked from re-staked assets and used for FHE voting in AI, PoS, and other networks to earn rewards.

3. For Validators:

• FHE Validation: participate into FHE validation network and receive rewards by registering and offering GPU accelerated FHE validation.

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🌰 How Mind Network works ? (In a nutshell)

The Mind Network has a layered structure: Restaking Layer, Consensus Layer and Security Layer.

Layered Framework:

• Hubs of Mind Network: Subnets are the AI or POS networks which consume Mind Network's FHE validation services and become a part of the ecosystems. They could be Hubs built from scratch on the Mind Network or existing networks adopting Mind Network's validation services.

• Security Layer: It is the core security service from Mind Network's FHE Validation Network, which is formed by a number of Independent FHE Validators.

• Consensus Layer: This is the backbone of the Mind Network. It is a rollup chain co-developed with AltLayer and EigenDA to ensure the consensus from the FHE validation process and also used to secure the ledger of remote staking with user interactions.

• Restaking Layer: This is a layer to accept staking from Ethereum, BTC, and AI ecosystems across a variety of chains and networks through Remote Staking. It also acts as a Restaking Marketplace to offer different restaking tokens for Subnet to secure their networks.