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ESP is live, and deNodes is supporting @EspressoSys as a validator, bringing security-first infrastructure to HotShot Proof-of-Stake
Espresso is building a purpose-built base layer for rollups, optimized for fast finality and credible, permissionless security. ESP is the utility token that secures the network through staking, aligning validators, delegators, and builders around resilient consensus and long-term participation.
Tokenomics start with a 3.59B initial supply, with 10% allocated to the community airdrop and fully unlocked at launch. Espresso's staking rewards follow an Ethereum-inspired model, with no fixed maximum supply due to inflationary staking rewards.
Espresso also prioritized distribution quality, not just distribution size. Eligibility spans about 40 paths, includes comprehensive anti-Sybil defenses, and introduces a Holder Score to reward long-term conviction over short-term extraction.
To accelerate decentralization from day one, @EspressoFNDN is funding Boosted Rewards for airdrop recipients. The goal is simple: encourage early delegation, keep stake active, and reward participants who commit to securing the network through the first years of mainnet.
If you are eligible, delegate your claimed airdrop allocation within 14 days of claiming to remain eligible for boosted rewards. Keep your stake active and you can unlock up to a 420% boost over time, with milestones at 3 months, 1 year, and 2 years.
Now it's time to stake your ESP and support the network. Delegate to deNodes on the official staking dashboard: https://t.co/VIDOJ6eOnB
We are here for mainnet, and we are here for the long run. Composability is here ☕️
Help secure the Espresso Network and earn rewards along the way.
The Espresso Foundation is launching the Validator Bootstrap Program to help 30+ qualified node operators to participate in network consensus with an initial delegation of 1,000,000 ESP.
Learn more & apply ⤵️
1/ The STRK20s Technical Paper is now live.
It outlines the design, architecture, and core ideas behind STRK20s, a privacy capability for any ERC-20.
If you’re bullish on privacy as crypto’s next major unlock, this paper is for you 🧵
Today, the Espresso Network began its upgrade to proof-of-stake.
By March 4, the network will be fully running PoS w/ the stake table active and staking rewards accruing. Mainnet 1.0 is here.
Here's what's changing & why it matters 🧵
Celestia's next upgrade, Hibiscus (V7), goes live mid-March.
Hibiscus introduces 2 features that expand cross-chain interoperability for networks on Celestia:
- single-signature cross-chain transfers
- cryptographic proof-based message verification
Here's how it works:
ESP is live, and deNodes is supporting @EspressoSys as a validator, bringing security-first infrastructure to HotShot Proof-of-Stake
Espresso is building a purpose-built base layer for rollups, optimized for fast finality and credible, permissionless security. ESP is the utility token that secures the network through staking, aligning validators, delegators, and builders around resilient consensus and long-term participation.
Tokenomics start with a 3.59B initial supply, with 10% allocated to the community airdrop and fully unlocked at launch. Espresso's staking rewards follow an Ethereum-inspired model, with no fixed maximum supply due to inflationary staking rewards.
Espresso also prioritized distribution quality, not just distribution size. Eligibility spans about 40 paths, includes comprehensive anti-Sybil defenses, and introduces a Holder Score to reward long-term conviction over short-term extraction.
To accelerate decentralization from day one, @EspressoFNDN is funding Boosted Rewards for airdrop recipients. The goal is simple: encourage early delegation, keep stake active, and reward participants who commit to securing the network through the first years of mainnet.
If you are eligible, delegate your claimed airdrop allocation within 14 days of claiming to remain eligible for boosted rewards. Keep your stake active and you can unlock up to a 420% boost over time, with milestones at 3 months, 1 year, and 2 years.
Now it's time to stake your ESP and support the network. Delegate to deNodes on the official staking dashboard: https://t.co/VIDOJ6eOnB
We are here for mainnet, and we are here for the long run. Composability is here ☕️
ESP is live, and deNodes is supporting @EspressoSys as a validator, bringing security-first infrastructure to HotShot Proof-of-Stake
Espresso is building a purpose-built base layer for rollups, optimized for fast finality and credible, permissionless security. ESP is the utility token that secures the network through staking, aligning validators, delegators, and builders around resilient consensus and long-term participation.
Tokenomics start with a 3.59B initial supply, with 10% allocated to the community airdrop and fully unlocked at launch. Espresso's staking rewards follow an Ethereum-inspired model, with no fixed maximum supply due to inflationary staking rewards.
Espresso also prioritized distribution quality, not just distribution size. Eligibility spans about 40 paths, includes comprehensive anti-Sybil defenses, and introduces a Holder Score to reward long-term conviction over short-term extraction.
To accelerate decentralization from day one, @EspressoFNDN is funding Boosted Rewards for airdrop recipients. The goal is simple: encourage early delegation, keep stake active, and reward participants who commit to securing the network through the first years of mainnet.
If you are eligible, delegate your claimed airdrop allocation within 14 days of claiming to remain eligible for boosted rewards. Keep your stake active and you can unlock up to a 420% boost over time, with milestones at 3 months, 1 year, and 2 years.
Now it's time to stake your ESP and support the network. Delegate to deNodes on the official staking dashboard: https://t.co/VIDOJ6eOnB
We are here for mainnet, and we are here for the long run. Composability is here ☕️
$ESP isn't claimable yet. But here's what to know before it is.
• Airdrop recipients can stake $ESP to secure the first base layer purpose-built for rollups
• Target annual staking rewards: 3-4%
• Long-term stakers unlock up to 420% boosted rewards
Full breakdown below ☕️⤵️
Something notable happened on Celestia this week: 4 consecutive days of ~𝟭𝟬𝟬𝗚𝗶𝗕 𝘁𝗵𝗿𝗼𝘂𝗴𝗵𝗽𝘂𝘁 which mainnet handled smoothly with a 𝟵𝟵.𝟵𝟳% 𝗯𝗹𝗼𝗯 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝗿𝗮𝘁𝗲.
This surge in activity came from a team executing a sustained load test to validate their ~𝟭.𝟯𝗠𝗕/𝘀 (~𝟰.𝟱𝗸 𝗧𝗣𝗦) estimated possible throughput demand ahead of launch.
Thanks to improvements in the Matcha upgrade, like faster block propagation and more robust transaction inclusion, the network achieved a near-perfect blob inclusion rate over a 7-day testing window.
Results like these show that Celestia is ready to power the next wave of high throughput onchain applications. We look forward to welcoming this team, which continues to push the boundaries of performance, along with others like it, to mainnet next year.
Applications to Monad Momentum are now open.
Monad builders can apply for grants to support their user acquisition campaigns.
Experiment, grow your user base, and build sustainable business models.
More info and applications: https://t.co/mTwJqKYqaw https://t.co/mTwJqKYqaw