Mind Network (405) is a Restaking Layer that uses Fully Homomorphic Encryption (FHE) technology and is designed to improve the security and efficiency of AI and Proof-of-Stake (POS) networks.
In 2023 the project attracted $2.5M of investments from Binance Labs, HashKey Capital, Big Brain Holdings and others, and also received an Ethereum Foundation grant for his FHE research on Ethereum.
July 10th project was launched An alpha version of the mainnet that seeks to solve critical problems in the areas of consensus and cryptoeconomic security, providing reliable solutions for decentralized ecosystems. At this stage, the project will initiate and improve the functions related to re-staking.
Currently available pools: Flexi Pool and Club Pool (coming soon), where Flexi Pool supports flexible deposits and withdrawals at any time and Club Pool requires a fixed lock-in period with higher returns.
Currently supported assets from project partners: Puffer (pufETH), Etherfi (eETH), Renzo (ezETH), Swell Network (swETH) and Pendle (pt-pufETH, pt-eETH, pt-ezETH, pt-stETH, pt- WeETHs).
By using the above assets to participate in the Mind Network restaking, users can earn Mind XP (currently x2 to all assets) and numerous rewards.
Mind XP is a Mind Network points system that serves as a metric for assessing contributions to the overall security of the Mind Network ecosystem.
If you look at leaderboard, less than 1.5 thousand participate in total.
👆 Interesting!
Mind Network introduces Remote Restaking, an innovative service that allows Liquid Restaking Token (LRT) and Liquid Staking Token (LST) holders to participate in staking without the need to link tokens to other chains (a cross-chain transaction is still required). More details Here.
