What is Pell Network? Overview of the Pell Network project

)As Bitcoin increasingly asserts its role as the leading store of value, the demand to utilize BTC to generate additional profits while ensuring security becomes increasingly important.

Pell Network was born as a pioneering solution, bringing the first BTC Restaking model to the market, expanding the security capabilities of Bitcoin into the Cryptoeconomic Security field.

By integrating the Omnichain Restaking architecture, Pell not only helps BTC holders optimize capital efficiency but also provides a layer of decentralized security for the entire Blockchain ecosystem.

In this article, we will delve into how Pell Network operates, its core differences, as well as the project's development potential in the future.

What is Pell Network?

Pell Network is a pioneering BTC Restaking protocol in the market, bringing a Decentralized Verification Service Omnichain (DVS Network) to enhance the security capabilities of Bitcoin in the Cryptoeconomic Security field (.

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By optimizing the capital efficiency for BTC stakers, Pell Network promotes the development of BTCFi and provides developers with a secure, efficient, cost-saving authentication service method.

Instead of just staking BTC to receive rewards from the PoS network through Babylon, Pell allows BTC Restaking, expanding the security layer for various services such as Data Availability, Oracles, Bridges without the need for inflationary mechanisms.

This helps BTC holders have more optimal profit choices while still ensuring high security.

The Differences of Pell Network

• Support for multi-chain BTC Restaking )Omnichain BTC Restaking(
  • Pell expands the ability to Restake BTC on multiple different blockchains, including Ethereum, Solana, Cosmos, Aptos, MoveVM, optimizing staking benefits and providing cross-chain security.
• Create a decentralized security marketplace )DVS Marketplace(
  • Protocols that do not need to issue inflationary tokens can still utilize Restaking BTC to attract Validators, thereby reducing security costs.
• Flexible security mechanism with slashing conditions

• BTC stakers can choose their service for security and agree to slashing conditions to help maintain network integrity.

• Supports multiple types of assets )Multi-asset Restaking(
  • Not only supporting BTC, Pell also allows staking other assets such as BTC Liquid Staking Derivatives )LSDs(, Stablecoins, optimizing capital efficiency.
• Multi-layer module structure with cross-chain interaction capability
  • Apply the Restaking Layer + Execution Layer + Service Layer architecture, making it easy to expand into various different ecosystems.

Mechanism of action

The operation mechanism of Pell Network includes the following main steps:

• Users stake BTC or BTC Liquid Staking Derivatives )LSDs( on Pell Network.
• BTC has been allocated to the DVSs based on the choice of the staker or Operators.
• The DVSs use this security source to protect data, operate oracles, and maintain bridges.
• Validators and Operators receive rewards for providing security to the DVSs.
• BTC stakers can earn additional profits from PoS chains' yields like Babylon.
• If violating slashing conditions, the staked assets may be slashed to protect the integrity of the system.

The information is being updated

Currently, Pell Network is still in the process of developing and finalizing some important information. Specifically, contents such as development roadmap, founding team, tokenomics, and exchange listings are still being updated.

This information will play a crucial role in shaping the long-term strategy, operating mechanism, and growth potential of Pell Network.

Users can follow official channels to receive the latest updates in the near future.

Investor

• 15/10/2024: Pell Network successfully raised 3 million USD in the Pre-Seed round, led by Mirana Ventures, with the participation of Paper Ventures, ArkStream Capital, Mantle, Halo Capital, Side Door Ventures, D11 Labs, Cogitent Ventures, Delta Blockchain Fund, J17 Capital, Caliber Ventures, Web3Port, 071labs, Sats Ventures, and many other investors.
• 27/01/2025: Pell Network successfully raised 3.5 million USD in the Strategic round, led by ArkStream Capital, Web3Port, Taisu Ventures, D11 Labs, GoPlus Security, MultiversX, and several other investment funds.

Project Information Channel

• Website:
• Twitter )X(:

Conclusion

Pell Network marks a major step in BTC Restaking, turning Bitcoin from a store of value asset into a key security force in the Cryptoeconomic Security ecosystem.

With the Omnichain Restaking architecture, Pell not only optimizes capital performance but also extends security to the entire Blockchain ecosystem.

Pell helps BTC holders generate additional income from Restaking, while supporting protocol development with low costs and ensuring Web3 security.

With a vision to become the leading BTCFi restaking platform, Pell is opening a new chapter for the combination of Bitcoin and decentralized security.

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