Router Protocol is thrilled to announce a significant upgrade to the security of Router Chain. As we work towards transforming Router Chain into a Symbiotic security network, we are dedicated to enhancing the chain's resilience in the ever-changing blockchain environment. This shift will boost cross-chain liquidity and improve network scalability by utilizing chain abstraction technology.
While certain aspects of this new security framework are still undergoing thorough audits, we are kicking off a pre-deposit campaign that is now live on Ethereum. Participants can contribute using ETH and ETH-based assets like wstETH, rETH, cbETH, and more. In the near future, we will expand to include BTC-based assets such as wBTC, LBTC, and tBTC, as well as other assets supported by Symbiotic, including sUSDe, SWELL, ETHFI, and more. This makes it easier than ever to support the network's security while earning rewards for your participation.
By participating now, you're securing the Router Chain and becoming an integral part of a community reshaping cross-chain ecosystems.
Router Chain as a Symbiotic Network
As part of Router Chain's expansion into cross-chain liquidity, we've developed a mesh security module that pushes the boundaries of traditional staking mechanisms. This new system allows users to stake on the Router Chain using a wide range of assets, not limited to just ROUTE tokens. The flexibility of cross-chain swap aggregators ensures that anyone holding assets from different blockchains can participate in the process, further strengthening the network's security.
This update is a critical part of the system that enables Symbiotic restocking on the Router Chain. Symbiotic security allows a more decentralized and resilient staking mechanism, empowering users to diversify their participation and rewards.
How it Works
Users can stake their funds through a vault partner like EtherFi or Renzo, who delegate the funds to operators running a Router Chain node. Once the process is complete, the system syncs the state with the Router Network contract, ensuring accurate and real-time data between nodes. When the communication is successful, the Mesh Security Module mints route tokens equivalent to the deposit. For example, if 1 ETH is deposited (valued at $3,000) and ROUTE tokens are priced at $0.04, 75,000 ROUTE tokens are minted and staked on behalf of the user.
This approach ensures a fair and dynamic process by incorporating a burn-and-mint mechanism, adjusted by a custom price oracle that continuously monitors market conditions. This flexibility in cross-chain liquidity management and token minting ensures that the network remains aligned with real-time value fluctuations.
Why Symbiotic Security Matters for Router Chain
Becoming a Symbiotic-powered network marks a significant milestone for Router Chain. By integrating Symbiotic's advanced security features, we enhance the cross-chain lending protocol and ensure low costs and higher yields for retakers. This allows us to offer competitive rates while minimizing inflation in the long term.
One of the most significant advantages of Symbiotic is its versatility in supporting multiple assets such as ETH, BTC, USD, and more. This makes Router Chain not just a one-token network but an inclusive platform powered by a diverse range of assets, fostering broader participation and ensuring a stable security foundation for the future.
Upcoming Developments and Plans
As we fine-tune the mesh security module through ongoing audits, we're also working on integrating BTC oracles and additional token oracles. This will expand users' range of deposits to the Router Chain, further enhancing cross-chain liquidity. We also explore integrating cross-chain swap aggregators into the protocol, allowing users to exchange assets seamlessly across different blockchains.
Once the entire system is live, users will experience the full benefits of a cross-chain network combining security and flexibility.
Join the Pre-Deposit Campaign Today!
Now is the perfect time to get involved in the Router Chain ecosystem. Participating in the pre-deposit campaign will help build a more secure and scalable future for the Router Chain while positioning yourself to benefit from the rewards shortly. Whether you hold ETH, BTC, or other supported assets, staking on Router Chain has never been more accessible.
Stay tuned for more updates as we continue pushing cross-chain technology boundaries and enhancing Route Chain security. We will build a safer, more scalable future for blockchain users worldwide.