BTC LSD Restaking
Last updated
Last updated
BTC LSD Staking is a key mechanism aimed at introducing a new level of cryptographic economic security to the Bracle Network and establishing a secure token economy lending market. This is achieved through a security service layer built on token staking and a reward-penalty system, offering secure proactive verification services for a broad array of upper-layer decentralized applications.BTC LSD Staking offers a system for Bracle ecosystem participants to earn BOC Token rewards by staking BOC Tokens and LSD tokens. By leveraging the LSD Staking mechanism, it enables Bracle oracle services to fully utilize the token economic security capabilities already prevalent in the Bitcoin ecosystem. Moreover, it aims to establish a secure, healthy, and sustainable economic ecology for the Bracle Network.
This mechanism allows Restake Node operators to undertake security validation tasks, thereby providing decentralized verification services with a level of security comparable to the Bitcoin network. Through this staking mechanism, the goals are to:
Enhance the network's decentralization and security by leveraging the vast and secure infrastructure of Bitcoin.
Provide returns for stakers, encouraging more capital to participate in the Bracle Network.
Create a healthy economic cycle to promote the network's stability and long-term development.
Staking and Rewards: Participants can stake their Bitcoin LSD assets into a designated smart contract. The staked assets are used for the network's security guarantee and data verification process. Participants receive token rewards based on the duration and amount of their stake.
Security Verification: The staked assets are managed by Restake Nodes (operators), which are responsible for data verification and network maintenance tasks. Collective staking of assets increases the cost of attacking the network, thus enhancing the overall security of the network.
Earnings Distribution: Profits from the Restake service are distributed to participants based on the amount of assets staked and the duration of participation. This distribution mechanism is designed to incentivize long-term holding and participation in network maintenance, while ensuring fair distribution of earnings.
$BOC rewards accrued daily based on formula below: For more information about the $BOC rewards mechanism, please refer to BOC Tokenomics
You can staking your BTC LSD Assets at ————————————
The Bitcoin LSD (Liquid Sidechain Derived) assets currently supported include:
Babylon Chain BTC
Bouncebit BTC
etc