Mind Network｜FHE-compatible Restaking Layer
Duration
In Progress
Task
Supported Chains
Category
Mind Network｜FHE-compatible Restaking Layer
Project Details
Mind Network is the first Fully Homomorphic Encryption (FHE) restaking layer for AI and Proof-of-Stake (POS) networks.
In AI and POS networks, validators typically stake and delegate native tokens to form consensus, but there are significant challenges in consensus security, data security, and crypto-economic security. In particular, in networks with a small number of nodes, fraud in the voting process can be a problem. Handling high-value data and token price stability are also issues. Mind Network uses FHE to enhance the security of AI and POS networks and benefit participants. Risk diversification is possible through the restaking marketplace, and encryption of high-value data is also protected.
The Bridge function using FHE technology is also interesting. StealthAddress, a privacy-enhancing feature within it, allows users to receive funds anonymously. By creating a unique one-time address for each transaction known only to the sender and receiver, it becomes difficult for external parties to track the flow of funds, protecting the recipient's identity and transaction history.
It has also been selected for the Ethereum Fellowship Grant, ChainLink Build Program, Consensys Startup Program, and others, and its LST and Bridge using FHE technology are highly regarded.
Funding Status
Mind Network has raised $2.5M in funding from Binance Labs, Hashkey Capital, Chainlink Labs, and others.
Airdrop Information Details
In the XP Point Program, you can earn XP by staking LRT.
- ・Stake LRT to earn XP
- ・Supported currencies: eETH, stETH, pufETH, swETH, ezETH, eETHs, swETH
- ・XP Calculation Formula: Token Amount × Time × Token Adjustment Coefficient × Campaign Boost
- ・Earned XP can be converted into tokens and used for various campaigns
The official documentation is here
Airdrop Strategy
Airdrop Procedure Summary
- 1. Access the site here
- 2. Select the token to stake
- 3. Stake
Illustrated Procedure
- 1. Access the site here
- 2. Select the token to stake
- 3. Stake
Disclaimer
- ・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
- ・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
- ・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
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