After careful consideration, we’ve made the difficult decision to wind down the Overload project.
We initially started the project in a different restaking landscape from today with the idea of moving consensus onchain. However, as the restaking field has matured, it has become increasingly more competitive and we believe today the best course of action would instead be to wind down. We thank everyone for being with us thus far.
With the wind down, we will disable restaking on the front-end and will keep unstaking enabled for another 6 months. For users that unstake later than 6 months, we refer to https://t.co/JGLtKepdhs of how a user can unstake directly through Basescan.
We are excited to introduce the Omnichain Restaking Layer, an innovative approach that offers a flexible and modular architecture, which enables validation across various blockchains instead of a single chain.
Overload will allow any asset from any chain to be used to secure Actively Validated Services (AVSs), expanding the scope and applicability of restaking by utilizing @LayerZero_Labs decentralized crosschain messaging infrastructure.
Read the blog post and yellow paper for further details!
Blog post: https://t.co/VUlAA57FKD
Yellow paper:
https://t.co/0reWLbZiqP
Haven't seen this one reach the Airdrop Threadors just yet. Seems in very early stages.
Introducing @overloadfinance - The first Base exclusive Restaking platform.
Current TVL: 1.4m (Early)
Airdrop: 10% of Total Supply
Overload is a restaking protocol that supports restaking of any ERC-20, has neither slashing nor operators. It presents a new model for restaking with onchain consensus, enabled by the low gas fees on Base.
Backed by some reputable and noticeable figures such as @0xSisyphus and @HighStakesCap, you don't want to miss this one. These guys usually have good Due diligence capabilities.
As you know with LST/LRT's, the farm is pretty simple:
- Bridge over some ETH to Base Network
- Head to https://t.co/M7e0eFPTWr
- Click on ETH option
- Restake ETH
- Now you begin earning points.
The asset options are pretty limited right now but I assume the basket of assets will expand shortly.
Users who restake early will receive a multiplier boost of points for being an early supporter of Overload. The earlier you restake, the more boost you get.
Good luck & Happy Clicking.
A lot of people have asked about the duration of the points program, so here it is!
The Points program will last 3 - 6 months.
Once the points program ends, restakers will receive airdrops in proportion to their points.
https://t.co/YZqI5J8gJP
1/ We are now open for users to restake their tokens on @base!
The initial tokens Overload supports will be ETH, wstETH, cbETH, rETH, USDC, USDbC and DAI.
The Overload team will continue to add other tokens that users can restake.
Restake now at https://t.co/w6JhgEsOZt!
While I was initially sceptical of @overloadfinance, assuming it'd be like over VC owned restaking protocols like eigen with low float and low community ownership
It's shaping up to be the opposite, a community focused project with high float from the start.
overload is restaking protocol on base. they are offering a 10x multiplier on usdc and eth for anyone who stakes before 10m TVL. unironically shilling early
Me and affiliates like @monsieurkotaro are investors
1/ We are now open for users to restake their tokens on @base!
The initial tokens Overload supports will be ETH, wstETH, cbETH, rETH, USDC, USDbC and DAI.
The Overload team will continue to add other tokens that users can restake.
Restake now at https://t.co/w6JhgEsOZt!