Pell Network | BTC Restaking
About Pell Network | BTC Restaking
Pell Network operates the first decentralized restaking network for Bitcoin, enabling users to earn yields through a multi-layered incentive structure while securing decentralized validated services. This platform addresses the inefficiencies in capital utilization for Bitcoin stakers by providing a streamlined method to maximize returns on their assets.
<problem> Bitcoin's capital is underutilized, as staked Bitcoin assets often lack the ability to earn yields from multiple incentive layers, leading to inefficiencies for stakers. Existing methods for maximizing returns on Bitcoin assets are not streamlined, limiting the potential for users to fully unlock the value of their holdings. </problem> <solution> Pell Network operates a decentralized restaking network for Bitcoin, enabling users to earn yields through a multi-layered incentive structure while securing decentralized validated services (DVS). By restaking BTC Liquid Staking Derivatives (LSD), Pell Network creates a universal trust network that enhances security and yield across multiple chains. The platform supports EVM-compatible chains, Solana, Sui, and other Move-based blockchains, maximizing earning potential while serving diverse decentralized applications across multiple networks. Pell Network's DVS flexibly adapts to different validation scenarios, delivering efficient economic security for developers and projects and reducing the costs of building independent validation layers. </solution> <features> - Omnichain architecture facilitates cross-chain service provision across various smart contract platforms - Supports EVM and WASM contract engines for a robust and feature-rich programmable trust layer - Leverages Cosmos SDK for seamless integration with the Inter-Blockchain Communication (IBC) protocol - Decentralized profit management ensures project owners maintain control over revenue streams through smart contracts - Restaking model creates a security chain from BTC LSD to DVS, employing a multi-layered yield structure - Modular architecture of DVS is divided into large-scale and lightweight modes for flexible scaling - Provides cryptoeconomic security to decentralized infrastructure through BTC LSD restaking - Supports BTC assets, such as BTCB, SolvBTC, coreBTC, tBTC, LBTC (Lombard), wBTC (Bitlayer), and stBTC (Lorenzo) </features> <target_audience> The primary audience includes Bitcoin holders seeking to maximize their returns through restaking, developers looking for secure and cost-effective validation services, and projects requiring cryptoeconomic security for decentralized infrastructure. </target_audience> <revenue_model> Pell Network's business model revolves around security leasing and validation services, offering customized validation services to various blockchain projects, with revenue distributed to stakers and re-stakers. </revenue_model>
What does Pell Network | BTC Restaking do?
Pell Network operates the first decentralized restaking network for Bitcoin, enabling users to earn yields through a multi-layered incentive structure while securing decentralized validated services. This platform addresses the inefficiencies in capital utilization for Bitcoin stakers by providing a streamlined method to maximize returns on their assets.
Where is Pell Network | BTC Restaking located?
Pell Network | BTC Restaking is based in Singapore, Singapore.
When was Pell Network | BTC Restaking founded?
Pell Network | BTC Restaking was founded in 2024.
How much funding has Pell Network | BTC Restaking raised?
Pell Network | BTC Restaking has raised 3500000.
Who founded Pell Network | BTC Restaking?
Pell Network | BTC Restaking was founded by Steven Shen.
- Steven Shen - Founder
- Location
- Singapore, Singapore
- Founded
- 2024
- Funding
- 3500000
- Employees
- 5 employees