UmbrellaX Dpos Intro
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is a shared security protocol that serves as a thin coordination layer, Empowering network builders to control and adapt their own (re)staking implementation in a permissionless manner.
The protocol’s flexible and credibly neutral design brings unique benefits to network participants:
Flexibility through Modularity
Networks control all aspects of their (re)staking implementation, including collateral assets supported, node operator selection mechanics, rewards, slashing, and associated resolving mechanisms. All participants can flexibly opt in and out of shared security arrangements coordinated through Symbiotic.
Risk Minimization through Immutability
Non-upgradeable core contracts on Ethereum remove external governance risks and single points of failure. Our simple yet flexible contract design minimizes execution layer risks.
Capital Efficiency through Restaked Collateral and Reputation-Based Curation
A permissionless, multi-asset, and network-agnostic design enables scalable and capital-efficient sourcing of economic security. An evolving operator-centric cross-network reputation system will further enhance capital efficiency for network builders.
The UmbrellaX protocol consists of 5 interconnected components:
The security layer of UmbrellaX. Collateral is an abstraction used to represent underlying on-chain assets, which are chain- and asset-agnostic. Collateral in UmbrellaX can encompass BRC20 tokens, withdrawal credentials of Ethereum validators, or other on-chain assets, such as LP positions, without limitations regarding which blockchains the positions are held on.
The (re)staking layer of Symbiotic. Delegation of collateral to operators across networks is handled by vaults that can be curated in a custom manner (e.g., by liquid (re)staking providers, such as Lido or institutional holders) or through delegations to operator-specific vaults.
Operators in UmbrellaX are defined as entities running infrastructure for networks. In Proof-of-Stake, successful staking providers have established a brand identity and operate across networks. The UmbrellaX protocol creates a registry of operators, as well as enabling them to opt-in to networks and receive economic backing from restakers through vaults.
Resolvers are entities or contracts tasked to pass or veto slashing penalties incurred by operators on networks to which they provide services. They are agreed upon by vaults - representing providers of economic security - and the networks they provide security for.
Resolvers can be fully automated (in the case of objectively provable slashing infractions) or take the form of entities such as slashing committees and external dispute resolution frameworks. Resolvers enable networks and restakers to share collateral amongst each other by providing a - ideally neutral - third party to arbitrate penalties.
Networks in UmbrellaX are defined as protocols that require a distributed set of node operators to provide trust-minimized services, such as - among others - decentralized sequencing of transactions, coming to consensus about off-chain data and bringing it on-chain (oracles), automating specific protocol functions (keepers), etc.
UmbrellaX enables network builders to define, control, and adapt their methodology for onboarding, incentivizing, and penalizing operators and their delegators (providers of economic collateral).
(aka stake, commitments,…)
(aka operator staking pools, liquid (re)staking protocols,…)
(aka validators, sequencers, guardians, keepers,…)
(aka slashing committees, proofs, dispute resolution frameworks,…)
(aka appchains, rollups, AVSs,…)
