mirror of
https://github.com/0glabs/0g-chain.git
synced 2024-12-26 16:25:21 +00:00
9e7686673e
* feat: add liquid module spec * add codeblock languages for syntax highlighting --------- Co-authored-by: Robert Pirtle <astropirtle@gmail.com>
7 lines
749 B
Markdown
7 lines
749 B
Markdown
<!--
|
|
order: 1
|
|
-->
|
|
|
|
# Concepts
|
|
|
|
This module is responsible for the minting and burning of liquid staking receipt tokens, collectively referred to as `bkava`. Delegated kava can be converted to delegator-specific `bkava`. Ie, 100 KAVA delegated to validator `kavavaloper123` can be converted to 100 `bkava-kavavaloper123`. Similarly, 100 `bkava-kavavaloper123` can be converted back to a delegation of 100 KAVA to `kavavaloper123`. In this design, all validators can permissionlessly participate in liquid staking while users retain the delegator specific slashing risk and voting rights of their original validator. Note that because each `bkava` denom is validator specific, this module does not specify a fungibility mechanism for `bkava` denoms. |