Mind Network Launches Mainnet, Enabling Ethereum Liquidity Staking Token Restructuring

IconCryptoNewsTerminal Staff09 Jul, 2024

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Mind Network Launches Mainnet, Enabling Ethereum Liquidity Staking Token Restructuring

Mind Network, a ground-breaking project in the realm of fully homomorphic encryption (FHE), has recently unveiled its mainnet, marking a significant milestone in the blockchain and artificial intelligence (AI) industries. This cutting-edge platform offers robust support for liquidity staking tokens (LSTs) based on Ethereum (ETH), including well-known options such as pufETH, ezETH, eETH, swETH, and PT. The mainnet's architecture revolves around two distinct pools: Flexi Pool and Club Pool. By staking their LSTs through these pools, users are not only contributing to the overall network security but also accumulating Mind Network Points (XP). These XP points hold immense value, as they will determine the rewards that stakers will receive in the future. This strategic move by Mind Network is a testament to its commitment to fostering a vibrant and interconnected ecosystem for PoS and AI applications. The launch of its mainnet further solidifies the company's position as a pivotal player in the blockchain sphere.

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