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.

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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.

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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.

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Progressive decentralization


A secure and scalable approach to cross-chain composability

 
  1. 0
    Phase ZERO (current)

    A single TEE-backed validator powers the system

  2. 1
    Phase ONE (+DAO +MPC)

    Multiple validators help to achieve a censorship-resistant pNetwork while coordinating with the DAO

  3. 2
    Phase TWO

    Anyone can become a validator and help securing the pNetwork



Discover the roadmap