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Nektar Network - Scale your trust with Ethereum security

What is the Nektar Network?

Nektar Network is a multilayered restaking network built on top of Ethereum. It consists of several components forming a comprehensive incentives system designed to optimize Ethereum's security model and utilize it to scale various solutions.

Nektar Network overview

What does Nektar solve?

Different agents may extend crypto-economic security to additional applications on the network:

  • Actively validated services (AVS) can bootstrap a new PoS-based distributed system by tapping into the pooled security of Ethereum and providing a high-trust model for apps using its service
  • Restakers can opt-in to Nektar to complement their native or liquid staking by earning additional rewards from AVSs
  • Operators can register to accept staked assets delegated by restakers, and provide a range of services to AVSs
  • Distributors, such as liquid restaking tokens (LRT), can simplify the restaking process on behalf of users by distributing the deposited assets to operators

How is Nektar different?

Centralization is the biggest threat to any distributed network as it creates a single point of failure and defeats the purpose of decentralized infrastructure.

Nektar offers a unique and viable alternative to other restaking models and aims to provide the most resilient and decentralized solution by integrating distributed validator technology (DVT):

  • Native restaking: Nektar will leverage the underlying DVT-based network of operators, which automatically creates virtual validators on the Ethereum network together with their withdrawal credentials without relying on operators to do so manually
  • LST restaking: Nektar only supports the LST generated within its ecosystem

Operators may accept additional tasks and become effective members of the restaking network or simply perform their duties to benefit the Ethereum ecosystem.

Network components

Nektar is comprised of four different layers:

  1. Stinger Client: A binary run locally by the operators that effectively creates a P2P validation network powered by Distributed Validation Technology.
  2. Diva Staking Protocol: A suite of smart contracts that coordinates stakers and operators to perform validation duties on the Ethereum network. It allows the creation of validators leveraging ETH stakers’ participation and serves as the base validation layer within the Ethereum network.
  3. Nektar Restaking Protocol: A suite of smart contracts enabling stakers to restake Diva’s LST and restake ETH natively within the Nektar Network. It enables stakers to delegate ETH to validators, which may perform additional duties for the benefit of third parties interested in leveraging Ethereum security, such as Active Validation Services (AVSs).
  4. Nektar’s marketplace: Any service provider can leverage Ethereum’s security by rewarding Nektar operators, who may opt-in to perform such duties.