We are thrilled to announce our partnership with Pell Network, a leading BTC re-staking network.
Pell serves as a Omnichain Restaking Network designed to simplify the provision of cryptoeconomic security (universal trust network) using BTC and its Liquid Staking Derivatives (LSD). Pell plugs the gap in ecosystem security, reduces cost to build decentralized applications and offers passive income for BTC holders. It opens up new possibilities for developers to seamlessly and securely create innovative infrastructure designs.
Pell allows protocols to leverage robust and secure trust networks from the outset, significantly lowering the barriers to securing new protocols. This eliminates the need for protocols to incentivize their own validator sets with highly dilutive reward mechanisms, making the process of bootstrapping security more scalable, accessible, and affordable.
Pell aims to become the largest shared liquidity and cryptoeconomic security platform of BTCFi and across all blockchain ecosystems.
Mutual Benefits and Synergies:
- For Zulu Network: Partnering with Pell Network empowers Zulu Network by integrating Pell’s BTC re-staking capabilities, enhancing the cryptoeconomic security of our ecosystem. This collaboration allows Zulu to leverage Pell’s Omnichain Trust Network, providing robust security for our decentralized applications without the need for highly dilutive reward mechanisms. Additionally, Zulu users can now benefit from passive income opportunities through BTC Liquid Staking Derivatives (LSD), further enriching the Zulu ecosystem and making it more attractive for developers and users alike.
- For Pell Network: By joining forces with Zulu Network, Pell Network gains access to a thriving ecosystem and a broad user base (765k+ users), accelerating the adoption of its innovative re-staking solutions. This partnership allows Pell to showcase its ability to provide scalable and cost-effective security for new protocols, positioning itself as a key player in the BTCFi space. Working with Zulu also helps Pell expand its reach across blockchain ecosystems, moving closer to its goal of becoming the largest shared liquidity and cryptoeconomic security platform.
Through our partnership with Pell Network, we are excited to advance the security and scalability of decentralized applications on Bitcoin. Together, we aim to lower barriers for developers, enabling them to build and secure innovative infrastructure more efficiently. As we continue to collaborate, we are confident that Zulu and Pell will play a pivotal role in shaping the future of cryptoeconomic security and the broader blockchain landscape.
About Pell Network
Pell will do for BTC what EigenLayer has done for ETH Network
Pell builds an Omnichain Trust Network based on BTC Restaking, reapplying idle BTC LSD (Liquid Staking Derivatives) to Decentralized Validated Services (DVS, aka AVSs) to meet their cryptoeconomic security needs. This innovation not only creates economic value for stakers but also enhances security across the entire blockchain ecosystem.
Pell Network is the first universal trust network that empowers cryptoeconomic security for all AVS with BTC restaking.
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About Zulu Network
Zulu Network is a new class of Bitcoin Layer 2 to move the Bitcoin economy forward, empowering the Bitcoin ecosystem through exciting innovations. Zulu is the first Bitcoin Layer 2 to achieve Bitcoin-level security using BitVM2, enabling developers to seamlessly deploy dApps on both EVM & UTXO layers.
Zulu is a recognized key contributor to BitVM, poised to launch the first trust-minimized Bitcoin bridge. Join their 765k+ users and start earning and shaping the future on Bitcoin with Zulu.
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