Joining as a validator
With great power comes great responsibilities. By becoming a validator you will need to stake 200,000 PNT tokens within the DAO, run a validating node and provide a good QoS.
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Earns peg-in/out fees
All fees generated by running the pTokens bridges are distributed among the pNetwork validators to incentivize their operation.
Supervised by the DAO
The DAO can punish misbehaving nodes when they either provide bad QoS or are unable to provide valid attestations.
First take, pTokens
Mimicking crypto assets across borders
Thanks to their inter-connected nature, the pNetwork validators can trustlessly enforce the wrapping/unwrapping of any crypto asset of any blockchain. We call that process pTokenization.
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A TEE-backed technology
pTokens enable cross-chain composability effectively. They are an essential component for DeFi DApps to be
compatible with any crypto asset.
The pTokens tool complements blockchain technology with Trusted Computing, resulting in a
security-oriented bridge that tears down blockchain walls and
makes cross-chain composability possible.
Trusted Execution Environments (TEEs) are hardware-isolated sandboxes that provide security features. Anyone
can execute critical code with an attestation
from the tech manufacturer certifying that the process has been executed correctly.
The pTokens trust model moves the trust from the operator of the hardware to the tech manufacturer.
pTokens aim to use a multi-TEE approach where multiple different TEEs and operators ensure there is no
single point of failure.
A MPC-backed network
The Trusted Execution Environments securing the pTokens infrastructure represent an
additional layer of protection for the network.
The pTokens peg-in and peg-out processes are granted by a set of TEE operators (validators),
that cooperate to jointly trigger the issuance of pTokens or the release of the underlying asset
(in the reverse process).
Operations happen with the shared effort of validators that jointly generate the relevant key-pairs and
jointly sign transactions authorising
the peg-in and peg-out of assets leveraging a Multi-Party computation technique.
pTokens aim to be governed by a fully decentralized network of validators where multiple different TEEs
and operators ensure there is no central point of failure.
Progressive decentralization
A secure and scalable approach to cross-chain composability
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Phase ZERO (current)
A single TEE-backed validator powers the system
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Phase ONE (+DAO +MPC)
Multiple validators help to achieve a censorship-resistant pNetwork while coordinating with the DAO
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Phase TWO
Anyone can become a validator and help securing the pNetwork