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Home»Blockchain»zkSync Era Welcomes its First Liquid Staking Protocol
Blockchain

zkSync Era Welcomes its First Liquid Staking Protocol

2023-06-02Updated:2023-06-07No Comments2 Mins Read
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Blockchain


Zero-knowledge rollup resolution zkSync Period has added its first liquid staking protocol, Rocket Pool, to its community.

ZkSync Period first launched on Ethereum in March. Together with Rocket Pool, 58 tasks are actually reside and working on the layer-2 resolution.

Customers could have the power to stake ether (ETH) on Period by means of holding rETH of their wallets, with staking rewards occurring robotically, identical to on mainnet.

Nick Ashley, Rocket Pool’s advertising and marketing supervisor, instructed Blockworks that Rocket Pool has needed to face particular challenges that current themselves in retaining the protocol operating easily whereas staying true to the ethos of decentralization and remaining permissionless.

“These embrace shuttling validator statuses and balances from the Beacon Chain to the Execution Layer, monitoring for protocol compliance, and calculating rewards,” Ashley stated.

The liquid staking spinoff is retaining a detailed eye on trade developments, whether or not that’s distributed validator expertise or zero-knowledge (zk) proof expertise, Ashley famous.

Following its deployment on Period, Rocket Pool’s analysis staff has been trying into how zk proof expertise might help within the competing oracle duties in an much more decentralized means than it’s at the moment.

“Potential advantages embrace decrease prices, elevated effectivity and reliability, and an general extra streamlined system,” Ashley stated. “However on the identical time, that is juxtaposed with an abundance of warning and powerful security tradition.”

The liquid staking spinoff is at the moment additionally deployed on optimistic rollups Arbitrum and Optimism, and Ashley stays cautious about deploying on new networks.

See also  The Cost Of Transaction Fees On BNB Chain Dropped To 3 Gwei

“The principle components that will be thought of when selecting which community to launch on are whether or not there are related shared core values […] we’re dedicated to serving to the ecosystem to develop and scale whereas additionally remaining safe and decentralized. We’re at all times open to contemplating a launch elsewhere however don’t have any quick plans proper now.”


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