Architecture and Design
Last updated
Last updated
Stakers receive xETH tokens proportional to their ETH stake in the MultichainZ Pool. These tokens, adhering to the ERC-20 standard, represent the growing value of the staker's initial deposit.
They can be actively traded, used in yield-generating DeFi protocols, or utilized to exit staking positions, providing a tangible growth measure and liquidity.
This methodical division allows for a strategic approach to managing assets and optimizing returns.
The MultichainZ Liquid Staking Pool is a decentralized network of validators managed by experienced node operators on behalf of stakers, who deposit ETH into the pool
. Each time a group of stakers deposit 32 ETH, a new validator is added to the MultichainZ Staking Pool to earn rewards. The rewards and penalties generated by the pool are divided among stakers proportionally based on their share of the pool.
The ETH deposit balance and rewards are reflected in xETH (staking ETH) tokens, which are minted to stakers at the ratio proportion to the staked ETH and the total ETH pooled.
