Remote Staking

Introduction

Remote restaking is an innovative service that enables holders of Liquid Restaking Token (LRT) and Liquid Staking Token (LST) to participate in staking without the need of bridging tokens to other chains (while cross-chain tx is still required). By leveraging LRT assets, participants can engage in the Proof of Stake (PoS) network while ensuring the security of their assets through Mind Network's Subnet consensus security, verified via Fully Homomorphic Encryption (FHE).

Key Features

Cross-Chain Communication: When you stake your LST/LRT assets, they remain on their original blockchain network. The staking functionality is accomplished through cross-chain communication, ensuring that your assets are not transferred or exposed to additional risks.
Minimal Security Assumption: Remote staking operates under a minimal security assumption model. This means that you can stake and earn rewards while contributing to network validation without compromising the safety of your assets.
FHE Validation: Mind Network’s FHE validation service is essential for enabling secure and transparent remote staking. This method allows Bitcoin and LRT holders to participate in PoS validation processes without relinquishing control of their private keys, ensuring the utmost security and privacy.

Benefits of Remote Staking

Secure Asset Management: Your assets remain on their original blockchain network, reducing the risk associated with cross-chain transactions.
Rewards: By participating in remote staking, you can earn both rewards from Mindnetwork and the ecosystem you staked in.
Network Contribution: Your staking activities contribute to the network's security and validation processes, supporting the overall health and functionality of the ecosystem.

How It Works

Staking Setup: Holders of LRT can set up staking through a secure interface that connects their assets on the original chain to the PoS network without bridging them.
Cross-Chain Communication: The staking process is facilitated through secure cross-chain communication protocols, ensuring that your assets remain within their original blockchain while participating in the staking activities.
FHE Validation: Mind Network’s Subnet consensus security, verified via FHE, ensures that all staking and validation activities are conducted securely and transparently, protecting your private keys and sensitive information.

Last updated 5 months ago

Introduction

Key Features

Cross-Chain Communication: When you stake your LST/LRT assets, they remain on their original blockchain network. The staking functionality is accomplished through cross-chain communication, ensuring that your assets are not transferred or exposed to additional risks.

Minimal Security Assumption: Remote staking operates under a minimal security assumption model. This means that you can stake and earn rewards while contributing to network validation without compromising the safety of your assets.

FHE Validation: Mind Network’s FHE validation service is essential for enabling secure and transparent remote staking. This method allows Bitcoin and LRT holders to participate in PoS validation processes without relinquishing control of their private keys, ensuring the utmost security and privacy.

Benefits of Remote Staking

Secure Asset Management: Your assets remain on their original blockchain network, reducing the risk associated with cross-chain transactions.

Rewards: By participating in remote staking, you can earn both rewards from Mindnetwork and the ecosystem you staked in.

Network Contribution: Your staking activities contribute to the network's security and validation processes, supporting the overall health and functionality of the ecosystem.

How It Works

Staking Setup: Holders of LRT can set up staking through a secure interface that connects their assets on the original chain to the PoS network without bridging them.

Cross-Chain Communication: The staking process is facilitated through secure cross-chain communication protocols, ensuring that your assets remain within their original blockchain while participating in the staking activities.

FHE Validation: Mind Network’s Subnet consensus security, verified via FHE, ensures that all staking and validation activities are conducted securely and transparently, protecting your private keys and sensitive information.