We want a liquid staking system that lives on top of other staking systems such as Polkadot's pallet-staking or other parachains' pallet-parachain-staking. The idea is simple, people send their staking tokens to our parachain and supply whatever metadata is needed to either select their target validators or opt-in to select our nomination pool. We will give additional incentives for selecting our nomination pool on those chains. In the process, we will mint a tgToken (open to change). Then we can leverage tgTokens inside our restaking system while allowing users to earn yield on their native staking chain.
Overview
We want a liquid staking system that lives on top of other staking systems such as Polkadot's
pallet-stakingor other parachains'pallet-parachain-staking. The idea is simple, people send their staking tokens to our parachain and supply whatever metadata is needed to either select their target validators or opt-in to select our nomination pool. We will give additional incentives for selecting our nomination pool on those chains. In the process, we will mint atgToken(open to change). Then we can leveragetgTokensinside our restaking system while allowing users to earn yield on their native staking chain.Examples of similar liquid staking pallets