Mind Network mainnet Alpha phase launched: Re-staking network driven by FHE fully homomorphic encryption

On July 10, Mind Network announced the launch of its Alpha phase mainnet. Mind Network is a restaking layer that utilizes Fully Homomorphic Encryption (FHE) technology, aimed at enhancing the efficiency and security of AI and PoS networks.

In the Alpha phase, Mind Network aims to address key issues related to consensus, data, and cryptoeconomic security through innovative FHE technology, providing robust solutions for decentralized ecosystems.

Alpha Mainnet: Key Points

The release of the Mind Network Alpha mainnet marks the official start of the first phase of building the FHE restaking network, focusing on launching and optimizing restaking-related functionalities.

Mind Network offers two types of staking pools: Flexi Pool and Club Pool.

Flexi Pool has no lock-up period and supports flexible access. Club Pool has a fixed lock-up period and offers higher returns.

The initial launch is for Flexi Pool, supporting the following networks and assets:

Layer1 Network: Ethereum

• pufETH (ETH restaking token from Puffer)
• ezETH (ETH restaking token from Renzo)
• eETH (ETH restaking token from Ether.fi)
• swETH (ETH restaking token from Swell)

PT: Main Asset (ETH restaking token on Pendle, Pendle splits an income-generating asset into a main asset and an interest portion)

• pt-pufETH
• pt-eETH
• pt-ezETH
• pt-stETH
• pt-WeETHs

By participating in restaking on Mind Network using the above assets, users can earn Mind XP and multiple staking rewards from related protocols. Future collaborations with various partners will introduce more exciting activities.

Mind XP is the points system of Mind Network, used to measure contributions to the shared security of the Mind Network ecosystem. Key factors include participation in restaking, such as the amount staked and the duration of staking.

Introduction to Mind XP:

https://docs.mindnetwork.xyz/minddocs/restaking-guide/mind-xp

Participation Tutorial:

https://docs.mindnetwork.xyz/minddocs/restake-guide/restake-tutorial

Mind Network: Yield Based on Consensus Security

Mind Network brings new yield growth to the restaking ecosystem by providing data and consensus security for decentralized AI networks and PoS networks.

Consensus Security: In AI and PoS networks, consensus security is difficult to demonstrate when there are fewer nodes, making it susceptible to manipulation and deception. Mind Network ensures fairness and security in the consensus process through FHE encrypted verification calculations, preventing validators from influencing each other's results.

Data Security: AI networks often involve sensitive and high-value data that require strict data security measures. Mind Network employs end-to-end encryption, enabling encrypted computation of data, ensuring that data remains private and secure throughout the computation and verification processes.

Economic Security: Tokens in AI and PoS networks often face volatility, impacting network security. Mind Network's restaking solution supports the use of various assets such as ETH, BTC, and AI blue-chip tokens to diversify risks.

Advantages of Remote Staking

In addition to security, Mind Network introduces the concept of Remote Staking to ensure staking security and reduce cross-chain risks and costs.

• Security: When participating in Mind Network's restaking, assets remain on their original blockchain network, reducing risks associated with cross-chain transactions.
• Multiple Rewards: Through remote staking, users can earn multiple rewards from both Mind Network and the ecosystem in which they stake.
• Network Contribution: Staking means participating in network governance, providing higher security for the network, and contributing to AI and PoS networks.

Remote Staking is an innovative service that allows holders of Liquid Restaking Tokens (LRT) and Liquid Staking Tokens (LST) to participate in staking without needing to move assets across chains.

Next Steps for Mind Network

The Mind Network architecture is divided into three layers: Restaking Layer, Consensus Layer, and Security Layer.

Restaking Layer: Supports Remote Restaking of LST/LRT assets, ensuring asset security and acting as a restaking market to provide different assets for subnet protection of network security.

Consensus Layer: A Rollup network based on Altlayer and EigenDA, ensuring that FHE verification is completed and consensus is reached.

Security Layer: Composed of multiple independent FHE validators, providing FHE security verification services for the network.

The launch of the Alpha mainnet is an important milestone for Mind Network in building a truly dynamic and universal restaking layer, dedicated to expanding the boundaries of decentralized security.

Mind Network will continue to expand partnerships and supported assets, ensuring it remains at the forefront of innovation in the blockchain space.

At this stage, you can participate in Restaking to experience and explore Mind Network's Restaking services and contribute to the security of AI and PoS networks.

We are excited to announce the launch of the Mind Network Alpha phase mainnet. Mind Network is a restaking layer that utilizes Fully Homomorphic Encryption (FHE) technology, aimed at enhancing the efficiency and security of AI and PoS networks.

In the Alpha phase, Mind Network aims to address key issues related to consensus, data, and cryptoeconomic security through innovative FHE technology, providing robust solutions for decentralized ecosystems.

About Mind Network

Mind Network is the first FHE restaking layer aimed at PoS and AI networks. As an FHE verification network, it provides consensus security for Bitcoin restaking, decentralized AI, cross-chain, EigenLayer AVS, Bittensor subnets, and many key PoS networks. Mind Network's solutions enable verifiable decentralized computation of encrypted data.

Mind Network is supported by Binance Labs, Hashkey, Big Brain, and Chainlink, and has received funding from the Ethereum Foundation for its FHE research on Ethereum.