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#GateOpinionQuest
Pell Network $PELL is the first and omnichain BTC Restaking Network. By building an Omnichain Decentralized Validated Service (DVS, aka AVS) Network driven by BTC Restaking, Pell extends BTCFi into the cryptoeconomic security sector, fully unlocks Bitcoin’s security potential, enhances capital efficiency for stakers, and provides developers with an efficient, secure, and affordable way to validate services.
Pell enables users to repurpose their staked assets, extending the security of BTC and other trust networks to additional applications by Decentralized Validated Services (DVSs).
Stakers can allocate their assets to Decentralized Validated Services (DVSs) on Pell and agree to grant additional enforcement rights to their staked assets. This opt-in feature introduces additional slashing conditions to meet the requirements of secured services such as data availability protocols, bridges, or oracles. These slashing conditions enforce participant integrity and ensure the security of the applications utilizing Pell Network
Pell Network functions as a marketplace where developers can incentivize validators to allocate their restaked assets to secure their services. This represents a significant improvement over applications having to issue their own highly inflationary tokens as rewards for validators and having to establish a new trust network from the ground up. With Pell, developers can attract validators to their projects through simple, non-dilutive incentives, significantly reducing the financial and temporal investment compared to building a new trust network from scratch.
$PELL spot trading link: https://www.gate.io/trade/PELL_USDT
$PELL Launchpool event, stake $BTC, $PELL, $GT to grab 7,002,801 $PELL rewards: https://www.gate.io/launchpool/PELL?pid=237
$PELL Listing Carnival, deposit, trade and register to grab $30,000 PELL rewards: https://www.gate.io/announcements/article/43851
#GateOpinionQuest #PELL