Nexus Network: "Economic Layer for Rollups"
Nexus Network envisions becoming the economic layer for rollups. Using our pluggable staking infrastructure, rollups can earn revenue from the idle assets locked in the bridge contract on the Layer 1. Rollups can stake the ETH locked in their bridges within minutes and earn a continuous stream of stable staking returns. Nexus Network leverages Distributed Validator Technology (DVT) and Distributed Key Generation (DKG) for staking. DVT minimizes validator centralization and slashing risks and DKG ensures no single entity owns the complete validator key, hence enhancing security.
Nexus Network has started working with ETH but also has a similar solution ready for DAI that can leverage the sDAi contract by Maker DAO to earn stable yields.
The solution is completely non-custodial with Nexus Network never getting access to rollup ETH or DAI. Other important features include -
- Pluggable staking infrastructure - Rollups can integrate with Nexus Network by making small changes in their bridge contract
- Customisable staking limits - Rollups can stake anywhere between 0-100% of ETH locked in their bridge to Nexus Network which can be changed in one smart contract call
- One stop validator management - Nexus Network takes care of validator selection and monitoring and does not put any additional responsibility on the rollup team