Bitcoin Solaris
  • Introduction
    • Project Overview
      • Technology Overview
      • Modernizing Bitcoin for DeFi Integration
      • Integrating Solana: Enhancing Bitcoin Solaris
  • Blockchain Information
    • Blockchain Architecture
      • Hybrid PoW/DPoS Consensus Mechanism
    • Dual-Layer Blockchain
    • Gas and Fee Structure
    • Validators in the Bitcoin Solaris Network
      • Validator Selection and Rotation
    • Smart Contract Programming Language and Layers
      • Smart Contract Functionality
    • Official RPC Providers for Bitcoin Solaris
  • Token Information
    • Token Supply and Issuance
    • Bridging
    • Use Cases and Applications
    • sBTC-S Liquid Staking
    • Governance Model
    • Token Migration
  • Project Roadmap
  • Mining Information
    • Overview
    • Reward Distribution System
    • Solaris Nova Mining App
    • Mining Power Marketplace
    • Mining Devices and Specifications
  • Security Information
    • Security and Risk Management
    • Audit Reports
  • Development Team
  • Understanding Privacy
    • For Developers
    • For Users
Powered by GitBook
On this page
  • Introduction
  • Liquid Staking: Concept and Implementation
  • Technical Implementation
  • Benefits for Users and the Network
  • Alignment with Bitcoin Solaris Principles
  • Integration with Existing Features
  • Security Considerations
  • Conclusion
  1. Token Information

sBTC-S Liquid Staking

PreviousUse Cases and ApplicationsNextGovernance Model

Last updated 14 days ago

Introduction

Bitcoin Solaris, as an evolution of Bitcoin, aims to address limitations while preserving core principles. In line with this goal, we introduce a liquid staking solution that enhances the network’s flexibility, security, and overall value proposition. This feature aligns perfectly with Bitcoin Solaris’s dual-layer architecture and commitment to improved scalability and user accessibility.

Liquid Staking: Concept and Implementation

Liquid staking allows users to stake their Bitcoin Solaris (BTC-S) tokens while maintaining liquidity. This innovative approach leverages the Solaris Layer’s Delegated Proof-of-Stake (DPoS) consensus mechanism, complementing the Base Layer’s Proof-of-Work security.

Key Components:

  1. Staking Pool: A smart contract-based pool where users can deposit their BTC-S tokens.

  2. Liquid Staking Tokens (sBTC-S): Tokens issued to represent staked BTC-S, maintaining a 1:1 ratio.

  3. Validator Selection: Automated process for choosing and delegating to validators.

  4. Reward Distribution: Proportional distribution of staking rewards to sBTC-S holders.

Technical Implementation

  1. Smart Contracts: Developed on the Solaris Layer, these contracts manage the staking pool, token issuance, and reward distribution.

  2. Integration with Existing Architecture: The liquid staking solution seamlessly integrates with Bitcoin Solaris’s dual-layer structure, utilizing the Solaris Layer for efficient operations.

  3. Governance Participation: sBTC-S holders can participate in on-chain governance, aligning with Bitcoin Solaris’s adaptable governance model.

Benefits for Users and the Network

User Benefits:

  • Maintain liquidity while participating in network security

  • Simplified staking process

  • Reduced risk through validator diversification

  • New DeFi opportunities with sBTC-S tokens

Network Benefits:

  • Enhanced security through increased staking participation

  • Improved decentralization

  • Capital efficiency within the Bitcoin Solaris ecosystem

  • Catalyst for ecosystem growth and DeFi development

Alignment with Bitcoin Solaris Principles

  1. Decentralization: Liquid staking encourages wider participation in network security.

  2. Security: Leverages the robust security of the Base Layer while enhancing the Solaris Layer’s DPoS mechanism.

  3. Scarcity: The total supply of BTC-S remains unaffected, preserving its store of value properties.

  4. Transparency: All staking activities and reward distributions are publicly verifiable on the blockchain.

  5. Censorship Resistance: The liquid staking process remains permissionless and open to all users.

Integration with Existing Features

  • Universal Mining: Liquid staking complements the universal mining approach, offering an additional way for users to participate in network operations.

  • Solaris Nova App: The liquid staking feature can be seamlessly integrated into the Solaris Nova app, providing a user-friendly interface for staking operations.

  • Mining Power Marketplace: sBTC-S tokens can potentially be used within the marketplace, adding a new dimension to mining power trading.

Security Considerations

To maintain the high-security standards of Bitcoin Solaris:

  • Regular smart contract audits will be conducted

  • A comprehensive bug bounty program will be implemented

  • Validator selection criteria will be carefully designed to prevent centralization

Conclusion

The liquid staking solution represents a significant enhancement to the Bitcoin Solaris ecosystem. By allowing users to stake their BTC-S while maintaining liquidity through sBTC-S tokens, we create a more dynamic and efficient network. This feature not only aligns with Bitcoin Solaris’s goals of improved scalability and accessibility but also opens up new possibilities for DeFi applications within our ecosystem.

As Bitcoin Solaris continues to evolve and adapt to the changing landscape of blockchain technology, innovations like liquid staking ensure that we remain at the forefront of cryptocurrency development, all while staying true to the core principles that make Bitcoin Solaris a unique and valuable project in the blockchain space.