Nexus Network X Zeeve 🚀
Nexus Network is delighted to announce partnership with
@0xZeeve
. This is a strategic partnership enabling us to reach to a wider Rollup ecosystem.
#NexusNetwork
Did you know that a significant amount of
#ETH
ends up locked in rollup bridges, not generating any returns? 🔒
Here's some exciting news for you! 🚀 Zeeve has partnered with
@NexusNetwork_0x
, a plug-and-play native
#staking
infrastructure protocol, to help L2 rollups earn
🚀 Introducing Nexus Network
🔗 Problem : Ethereum Layer 2s are locking up ETH in L1 bridges, reducing network security and capital efficiency
🌟 Nexus Network: The Solution
🌐 Plug & Play staking Infra to increase network security & bring consistent source of return to Layer 2s
There have been four major challenges highlighted towards staking of ETH locked in rollup bridges -
- Centralization
- Liquidity
- Slashing risks
- Bridge and smart contract risks
This thread details how Nexus Network is solving each of the challenges
@Blast_L2
is one of the 1st players to enable a Native Yields Rollup.
Users can send USDT, USDC, ETH, stETH to the mainnet contract and Blast converts these assets into yielding derivatives. Let’s dive more into the mechanism ->
2.4 Mn ETH is locked in rollup bridges (2% of total ETH supply). At the current 3.6% staking rewards on Ethereum, this results in a lost yield of 83k ETH (USD 170 Mn at current market prices) which is capital-inefficient
🚀 Nexus is revolutionizing native yields for Rollups using
@ssv_network
. This cutting-edge tech leverages DVT and DKG. Buckle up for a deep dive into what this means! 🧵
Nexus Network unlocks Native Yields for Rollups in the most decentralised & completely non-custodial way.
Check out more at 👇
#NexusNetwork
#NativeYields
🎉 Meme Contest Results! 🎉
Congrats to our winners:
🥇
@destiny76871483
🥈
@augustusuriel
You made us LOL! 😂
Thanks to all the participants for bringing the humor. More contests coming soon, so keep those meme skills sharp!🤡
We’ve been showing progress to over 403 investors on and claiming credits for
@awscloud
via
@BuidlersTribe
If you are an investor, follow my startup’s progress here:
🚀 Exciting News! Launching our website today. We are transforming Rollup economics by providing Native Yields in the most safe, secure & decentralised manner.
#NexusNetwork
#NativeYields
Visit our website to know more :
What an incredible evening at Founders' Connect! 🚀✨
Thrilled to have been part of this vibrant crypto community gathering. 🤝💡
Huge thanks to
@Hadronfc
and
@DXBxZo
for bringing together such brilliant minds. 🙌
Excited for the connections made and the road ahead! 🌟
We have seen quite some queries/ interests from rollups in the past few days on enabling "Native Yields". Bullish on this space!!
#NexusNetwork
#NativeYields
6/
Cons:
1. The rollup assets are currently held in a multisig which has huge security risks
2. Protocol uses Lido for staking, which onboards smart contract risks to the system
3. 14 day withdrawal period can create liquidity issues which can lead to a bad user experience
"Native Yields" is the talk of the town now. Security will be the pillar on which this grows and Rollups seeking Native Yields will prefer a decentralised and non-custodial solution. We are building for the long term🦾
#NexusNetwork
#NativeYields
🎉 Meme Contest Alert: Show Your Layer2 Yield Magic! 🎉
🖼️ Create a fun image of how you use native yield on Layer2
💰 Prizes: $30 (1st), $20 (2nd)
🗓️ Deadline: Aug 19, 2024
1⃣Make sure to tag
@NexusNetwork_0x
in your tweet!
2⃣Paste a link to your tweet in our discord
#memes
!
🚀 Exciting times ahead in the world of
#Ethereum
! Introducing Nexus Network – the game-changer in Layer 2 staking economy. 🌐 Say hello to enhanced security and a new era of possibilities. Join us as we shape the future together! 🛡️🔗
#NexusNetwork
#StakingRevolution
“The Yield Paradigm: Exploring the Economic Layer of
#Rollups
.”
@mnkrj500
(Founder,
@NexusNetwork_0x
) will take a deep dive into this topic and native
#yields
today at 7 PM IST. ⏳
Join us without fail with the link below.
🔗
#Web3Voice
:
⌚ 8 Feb at 7
🛡️ Exciting News! 🚀 We're thrilled to announce the successful completion of our latest audit for
@NexusNetwork_0x
contracts and off-chain bots. 🌐
@NexusNetwork_0x
provides Native Yields to Rollups in the most decentralized and non-custodial way.
📊 Full Audit Report:
Over 1,000,000 ETH is now staked on SSV! ✨
Distributed Validators are revolutionizing the definition of resilient, robust, and decentralized re/staking.
Learn more below and at our blog post 👇
#1mDVT
Thrilled with the Turnout! Nexus Network's Twitter Space Roll Roundup: Native Yields Take Center Stage
In a lively
#NexusNetworkSpaces
,
@mnkrj500
hosted
@inkavod
and
@Shubhamb126
to unpack the significance of native yields for the future of
#DeFi
on rollups.
Key Takeaways:
🌐 36+ Founders, 7 days and 1 forge ~
We met over 200 projects in the last three weeks, ranging from public goods, RWAs, crypto-finance and the list goes on; we are incredibly appreciative of the support the ecosystem has shown.
📆 The next few days will unravel what we have
@arbitrum
: the first Layer 2 scaling solution for Ethereum!
Arbitrum uses optimistic rollups to achieve high throughput and low costs while maintaining Ethereum's security. 🛡️
Arbitrum introduced
@NitroArbitrum
: a customizable rollup stack that allows developers to create
ETH locked in the rollup bridges has tripled in less than a year. Speaks volume about the opportunity in adopting Native Yields.
#NexusNetwork
#NativeYields
🔵 We're creating a staking infrastructure allowing Layer 2s to earn stable staking rewards
🔵 Built on SSV Network's Distributed Validator Technology (DVT) to enhance decentralisation and security
🔵 Proud recipients of a grant from SSV Network
#NexusNetwork
#SSVNetwork
b. The entire system including Nexus Network contracts will undergo multiple audits before deploying on mainnet
c. Nexus Network contracts never take custody of rollup assets. Even if the Nexus contracts are compromised, the maximum exploiter can do is unstake the staked ETH
We believe this is the new paradigm for rollups. We enable this as a plug-and-play infrastructure for rollups. Reach out if you want to know more
#nexusnetwork
#BLAST_L2
Specifically, Blast natively participates in ETH staking, and the staking yield is passed back to the L2’s users and dapps. We’ve redesigned the L2 from the ground up so that if you have 1 ETH in your wallet on Blast, over time it grows to 1.04, 1.08, 1.12 ETH automatically.
The Finternet concept presented at
#GFF2023
could be a game-changer for emerging markets, potentially leapfrogging traditional financial infrastructure and fostering economic growth📈
Today at the Global Fintech Fest,
@NandanNilekani
and
@imsiddshetty
presented a demo of the Finternet: user-centric, global financial infrastructure tokenizing any asset on a unified ledger — with a live demo settled on Solana!
Today, Consensys filed a lawsuit against the Securities and Exchange Commission.
The goal behind this is to ensure that Ethereum remains a vibrant and indispensable blockchain platform and to preserve access for the countless developers, market participants, and institutions
We have been building the primitive in the open -
Scaling Ethereum () - Sponsorship prize from
@optimismFND
ETH Online () - Sponsorship prize from
@0xPolygon
ETHIstanbul () - Sponsorship prize from
@sparkdotfi
🔒 Security is Our Top Priority:
🔐 Completely non-custodial solution where ETH gets locked on-chain with no intermediaries
⚙️ Distributed Validator Technology (DVT) to prevent validator downtime & slashing
🔑 Distributed Key Generation (DKG) for decentralised key generation
Introducing Yield Routes ⏩
The first permissionless yield-generating bridges, Yield Routes enable any chain to transform bridged assets into productive assets like Blast.
Learn more ⏬
Nexus Network leverages the latest in staking technology to build this solution -
1. DVT (Decentralised Validator Technology) - Nexus Network is leveraging DVT to reduce slashing risks and is building on top of
@ssv_network
7/
How can Nexus Network help mitigate risk for
@Blast_L2
?
Nexus Network provides a non-custodial way of integrating Native Yields for Rollups. Here are some key differentiators -
Non-Custodial Solution : Nexus Network smart contracts never take custody of the rollup assets.
📢 Join Us in Shaping the Future:
🚀 Nexus Network is gearing up for integration! Are you a Layer 2? Reach out at office
@nexusnetwork
.in or visit to collaborate
Stay tuned for more updates as we work towards a secure, efficient Layer 2 ecosystem!
Q3: The culmination of our efforts – Token Launch. Join us as we introduce a transformative token, marking a significant milestone in the evolution of Nexus Network.
Aggregation layer of Polygon, or AggLayer, unites a divided blockchain landscape into a web of ZK-secured L1 and L2 chains that feels like a single chain.
Here is a more simplified visual representation which explains AggLayer in 50 seconds.
As rollups race to onboard the next billion users, native yields are emerging as a critical differentiator. Stay tuned for more exciting developments in this space!
#DeFi
#Ethereum
#L2
Big thanks to all who attended! 🙏
With the recent Blast launch, the crypto community has woken up to the possibility of generating yields from assets locked in the rollup bridge. The conversations on Twitter have made this imperative that such a step should be taken in the most secure way possible
The additional yield generated from staking ETH opens up the design space for rollups. For a developer, building a rollup becomes competitive to building an app on another chain, allowing developers to figure out the possibilities of this design space
ETH supply on rollup bridges has doubled in the last 7-8 months, currently at 2% of total ETH supply. The rollup-centric roadmap should grow this to ~20% within the next 2 years. This will attract a range of participants to generate yields by staking the idle ETH on the bridges
🔍 How Nexus Network Works:
📊 Rollups set staking proportions on the bridge
🔄 Nexus Network automatically stakes ETH based on the bridge balances
🛡 Layer 2 governance can withdraw staked ETH at any time
Several Web3 projects have already chosen to build on Arbitrum Nitro, leveraging its customizability to optimize their execution environments. 🌐
Notable examples include:
-
@SankoGameCorp
-
@RariChain
-
@xchain_official
2/
After sending tokens to Blast, the Blast contract does this:
USDC - Swap USDC to DAI in the PSM (1:1) & then deposit in Maker's sDAI
USDT - Swap to USDC in
@CurveFinance
3Pool, then follow the same flow as USDC
ETH - Deposit ETH into
@LidoFinance
for stETH
stETH - Hold
Will you be part of the Ethereum scaling revolution? 🚀
Start building on Arbitrum Nitro today and bring your vision to life! 💻
Share your thoughts on Arbitrum Nitro and the future of Layer 2 solutions! 🗣️
#ArbitrumNitro
#Ethereum
#Scaling
We at Nexus Network have been researching and building this exact product in conversations with rollups for the past 6-7 months and have taken the necessary steps to ensure that the edge cases are covered