CORE-LAYER: A Restaking Primitive for CoreDelta

FAQ -
Also want to remind everyone that this is the START of a great idea and not the end or final product. This idea is something that CORE could do way better than its competitors given the whole core ecosystem :slight_smile:

  • Why is this different from BLAST?
    Blast is an L2 that uses a LST as a gas currency. EigenLayer uses an app layer on Ethereum to lock LSTs and point Automated Validator Services to it. You could have both as a hybrid since the two are not exclusive.

  • What are the systemic risks involved?
    Smart Contract risk is the biggest concern. However if you make a total lock down of the tokens and make it impossible to unlock you reduce much of the risk. Other risks involve staking nodes misbehaving and slashing.

  • Why not just use LIDO and Eigenlayer? What are the benefits of CORE making such a system?
    As ive said in previous topics / discussions you can unlock stETH from Eigenlayer and you can withdraw stETH from LIDO for native ETH. You could potentially withdraw all the ETH from the LIDOs staking nodes, unlikely but potentially you can. The benefit of CORE making it is that coreETH represents ETH completely LOCKED and since people want to redeem ETH regardless then you have the deltaETH which is like stETH and you can withdraw in a vested schedule. Staking Nodes with LOCKED ETH have the potential to be more secure and robust that staking nodes in which you could withdraw ETH at any time.

  • Can incentives from other products be integrated into CORE-LAYER?
    Yes, incentives from staking, options, DEX, LP futures, and more can be seamlessly aggregated into CORE-LAYER, creating a holistic and rewarding experience for participants.

  • What is the role of CoreETH and DeltaETH in the ecosystem?
    CoreETH represents locked ETH managed by Core, while DeltaETH represents vested ETH managed by Delta. These Liquidity Staking Tokens (LSTs) add a layer of flexibility and value creation within the Core Delta ecosystem, catering to different user preferences and needs.

  • How does the redemption mechanism work, and why is it secure in CORE-LAYER?
    The redemption mechanism involves burning Core for ETH and DELTA for native ETH. This process ensures a secure and seamless flow within the Core Delta Ecosystem Layer, enhancing user flexibility, security, and overall value creation.

  • How does CORE-LAYER contribute to the broader Core Delta ecosystem’s growth and competitiveness?
    CORE-LAYER, as a pioneering restaking protocol, aligns with the comprehensive capabilities of the Core Delta ecosystem. The integration of advanced economic incentives, liquid derivatives, and seamless incentive aggregation positions CORE as a leader in reshaping the dynamics of asset utilization, security, and yield optimization within the DeFi landscape.

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