【Pell Network】Restaking Protocol in the Bitcoin Ecosystem / Native BTC staking and LSD Restake services to be aggregated / Mainnet release planned for 2024 / @Pell_Network
Bitcoin and Restaking seem to be a good fit.
Good morning.
Mitsui from web3 researcher.
Today we researched the Pell Network.
🔵What is the Pell Network?
🟠Expanding Bitcoin
💬 Bitcoin andRestaking seem to be a good match.
🔵What is the Pell Network?
The "Pell Network" is a restaking protocol in the Bitcoin ecosystem.It creates a network that aggregates native BTC staking and LSD Restake services, providing cost-effective cryptographic security for the BTC L2 ecosystem.
The Bitcoin ecosystem is growing rapidly, but building decentralized security in each protocol often comes at a significant cost, both to the user and to the protocol.
Therefore, Pell Network aims to solve this problem by bringing re-staking to the bitcoin ecosystem as well, and by lending security to the system.Pell Network aims to create a decentralized token economy security leasing platform for the bitcoin ecosystem.
Below is an overall picture of the ecosystem.
In addition, the architecture is as follows
Users deposit their funds in the "Restaking Layer," and the funds are delegated to a decentralized operator who selects AVS to lend the security.
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