Pioneer Stone 🪨 Campaign is live on @GalxeQuest@Galxe.
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The @satlayer ecosystem consists of the following participants:
🟨 The Bitcoin restakers who enhance cryptoeconomic security by depositing and restaking their Bitcoin assets, delegating them to node operators. If a node operator acts maliciously, these assets face the risk of being slashed, reinforcing cryptoeconomic security. In exchange, Bitcoin restakers earn rewards. Bitcoin restakers can currently restake wrapped Bitcoin and specific Bitcoin LSTs through the SatLayer Staking App.
🟨 The Bitcoin Validated Services (BVS) developers that addresses the cold-start problem—where new services and protocols are initially insecure—by launching services secured through SatLayer secured using staked Bitcoin. These services, called Bitcoin Validated Services (BVS), derive their security from the amount of Bitcoin backing them (i.e staked Bitcoin).
🟨 The Node operators who are
responsible for running nodes to validate BVSes, using stakes delegated to them by Bitcoin restakers. In exchange for providing the validation service, computing resources, and expertise required to run the node operator software required for validation, these node operators take a portion of the rewards as their fee.
In addition, node operators can choose which BVS applications to secure where their fees increase and decrease based on their selection. As a permission-less protocol, SatLayer does not dictate how much stake, or how many BVSes a node operator needs to secure. The market will decide which BVSes gain the most support by way of validation, and which node operators can win the trust and delegation of Bitcoin restakers.
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