Liquid Staking

Acknowledges

Many delegated staking solutions have been developed across various blockchains, with Ethereum being the most prominent. We owe a debt of gratitude to all the pioneers in this space who have inspired and motivated us.

We believe that decentralized, non-custodial staking is essential and foundational for any blockchain. There is a growing need for diverse solutions to serve a wide range of users and purposes.

With this in mind, our goal is to make AI Gram more decentralized and transparent, thereby strengthening the DeFi ecosystem. To achieve this, we are committed to building a liquid staking solution on AI Gram L3.

Principles

We take our ethics seriously and invite the community to hold us accountable to the following principles:

Commitment to Decentralization: Our primary objective is decentralization. We will never compromise the non-custodial and decentralized nature of the protocol. Stakers must always retain control of their AIG.
Sustainable Business Model: Gene AI DEX operates as a real business with a sustainable revenue model. We are committed to long-term success, planning on a scale of decades with no reliance on unsustainable economic practices.
Integrity and Accountability: We pledge to always act in the best interests of the AI Gram community. If we make mistakes, we will acknowledge them and swiftly correct our course.

AIG Liquid Staking

In the Proof of Stake system for AIG, validators are pivotal in maintaining the network’s integrity and functionality. Their key responsibilities include:

Block Proposal: Validators are tasked with proposing new blocks to be added to the blockchain. The opportunity to propose blocks is allocated through a randomized process, ensuring fairness and decentralization.
Block Verification: Validators also play a critical role in verifying blocks proposed by others, a process known as “attesting.” They meticulously check the validity of transactions and ensure each block adheres to the network’s stringent rules.
Consensus Voting: Validators participate in a voting process to achieve consensus on the validity of proposed blocks. They attest to the correctness of a block, and if a significant majority of validators agree, the block is incorporated into the blockchain.
Compensation and Rewards: Validators are compensated for their essential services through transaction fees and block rewards. These incentives are designed to offset the risks and efforts involved in network maintenance. The rewards structure includes:
- MEV Rewards: The potential rewards for producing a block can be significantly increased by reordering, including, or excluding transactions within a block, a practice known as Maximal Extractable Value (MEV). To maximize rewards and maintain network integrity, validators can use relays like Flashbots to acquire optimized blocks from a network of block builders. The block that offers the highest fee is selected, thereby enhancing the validators' rewards beyond the standard gas fees.
Penalties (Slashing): Validators who engage in malicious activities or attempt to manipulate the network face severe penalties, including the loss of a portion or all of their staked AIG, ensuring the system's security and reliability.

By adhering to these responsibilities and leveraging sophisticated reward mechanisms, validators ensure the robustness and efficiency of the AIG network.

PreviousBuyback Program NextNFT Marketplace

Last updated 10 months ago

Acknowledges

We believe that decentralized, non-custodial staking is essential and foundational for any blockchain. There is a growing need for diverse solutions to serve a wide range of users and purposes.

Principles

We take our ethics seriously and invite the community to hold us accountable to the following principles:

Commitment to Decentralization: Our primary objective is decentralization. We will never compromise the non-custodial and decentralized nature of the protocol. Stakers must always retain control of their AIG.

Sustainable Business Model: Gene AI DEX operates as a real business with a sustainable revenue model. We are committed to long-term success, planning on a scale of decades with no reliance on unsustainable economic practices.

Integrity and Accountability: We pledge to always act in the best interests of the AI Gram community. If we make mistakes, we will acknowledge them and swiftly correct our course.

AIG Liquid Staking

In the Proof of Stake system for AIG, validators are pivotal in maintaining the network’s integrity and functionality. Their key responsibilities include:

Block Proposal: Validators are tasked with proposing new blocks to be added to the blockchain. The opportunity to propose blocks is allocated through a randomized process, ensuring fairness and decentralization.

Block Verification: Validators also play a critical role in verifying blocks proposed by others, a process known as “attesting.” They meticulously check the validity of transactions and ensure each block adheres to the network’s stringent rules.

Consensus Voting: Validators participate in a voting process to achieve consensus on the validity of proposed blocks. They attest to the correctness of a block, and if a significant majority of validators agree, the block is incorporated into the blockchain.

Compensation and Rewards: Validators are compensated for their essential services through transaction fees and block rewards. These incentives are designed to offset the risks and efforts involved in network maintenance. The rewards structure includes:

MEV Rewards: The potential rewards for producing a block can be significantly increased by reordering, including, or excluding transactions within a block, a practice known as Maximal Extractable Value (MEV). To maximize rewards and maintain network integrity, validators can use relays like Flashbots to acquire optimized blocks from a network of block builders. The block that offers the highest fee is selected, thereby enhancing the validators' rewards beyond the standard gas fees.

Penalties (Slashing): Validators who engage in malicious activities or attempt to manipulate the network face severe penalties, including the loss of a portion or all of their staked AIG, ensuring the system's security and reliability.

By adhering to these responsibilities and leveraging sophisticated reward mechanisms, validators ensure the robustness and efficiency of the AIG network.