Capital Efficient Restaking
Last updated
Last updated
Unlike protocols that require the new chain to stake tokens to receive security services — Canopy onboards chains through social consensus of the Validators powered by Restaking.
Using the same stake for multiple chains is capital efficient 👈
Here's how it works:
Validators may opt-in to provide security to any Nested Chain by using their existing locked tokens as collateral. This means that supporting a new chain requires no additional stake.
Staking for a Nested Chain earns Validators the Nested Chain native token.
Additionally, Validators earn the Security Root token if a Chain has committed stake above the StakePercentForSubsidizedCommittee parameter.
The amount of chains per Validator is limited only by the Security Root DAO
In other words, Nested Chains receive security services through community-driven popularity rather than financial investment, significantly lowering the barrier to entry for new chains.
No competition for block space - no gas fees - no economic barriers!