Validators
Role of Validators
Validators in the BeraBridge ecosystem have a dual role in maintaining network security and verifying cross-chain transactions. In the PoL framework, validators stake liquidity tokens derived from their participation in DeFi pools, rather than simply staking native tokens as in traditional PoS systems. Validators are responsible for validating and securing transactions, ensuring that assets are transferred between chains in a trustless, decentralized manner.
Responsibilities of Validators:
Transaction Verification: Validators monitor and validate transactions between different blockchains connected to BeraBridge. This includes ensuring that assets are properly locked on the source chain and minted or unlocked on the destination chain.
Block Production: Validators are responsible for producing new blocks, which contain transaction data. These blocks are added to the BeraChain blockchain, and the validators reach consensus on which block to add next based on their staked liquidity.
Maintaining Security: Validators help protect the network from malicious activities such as double-spending or attacks by validating only legitimate transactions.
Becoming a Validator
To become a validator, participants must stake a substantial amount of liquidity tokens. The more liquidity a validator stakes, the greater their influence in the consensus process and the higher their chances of being selected to produce blocks and validate transactions.
Incentives for Validators:
Block Rewards: Validators receive rewards for producing blocks and validating cross-chain transactions. These rewards are distributed proportionally to the amount of liquidity they have staked.
PoL Staking Rewards: Validators earn a share of the overall staking rewards in the PoL system. These rewards come from transaction fees, cross-chain bridge fees, and protocol incentives.
Liquidity Earnings: In addition to earning validator rewards, validators also benefit from the returns generated by their staked liquidity in DeFi protocols. This dual-reward system makes PoL validators highly incentivized participants.
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