Lava Network Mainnet Launch

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Lava Network Mainnet Launch

A New Era for Blockchain Data Access

Lava Network, leveraging the Cosmos architecture, introduces a new era of decentralized data access via Remote Procedure Calls (RPC).

This marks a turning point in the history of blockchain with the launch of its Mainnet and an innovative approach aimed at redefining data access within a modular ecosystem.

Lava is inaugurating this new phase with a strategy that challenges the traditional norms of blockchain launches. Unlike conventional methods that often disproportionately benefit initial investors, Lava adopts a radically different approach.

The network is deploying a sustainability-focused tokenomics without inflation, establishing a decentralized model that promotes an equitable distribution of tokens. This model includes a targeted airdrop to 70,000 users and prioritizes the use of DEXs to ensure better accessibility and transparency.

Innovations and Transparency

This launch is not only a technical advancement with the introduction of modular specifications but also a significant advance in reward management. Lava Network, in collaboration with partners ranging from small players to giants like Google Cloud and various blockchain protocols, has successfully established an infrastructure that fairly rewards service providers and users.

Incentive pools, enriched by partner contributions worth over $2 million, aim to enhance user engagement and network performance through rewards for LAVA restaking and the provision of RPC services.

Accessibility and Community Participation

Determined to remain at the forefront of accessibility and participative governance in the blockchain domain, Lava actively encourages community participation in governance and network operations. This approach aims to ensure that the infrastructure remains open and scalable, meeting the current and future needs of the Web3 ecosystem.

This new phase of the network offers the possibility of dual staking, allowing users to simultaneously select both a validator and an RPC provider. This innovation reflects Lava’s commitment to increased decentralization and flexibility.

Deployment of RPCs on Various Blockchains

Lava Network is actively expanding its Remote Procedure Call (RPC) services to a wide array of major blockchains, thus demonstrating its commitment to interoperability and technological diversity.

By establishing RPC endpoints on various platforms, Lava ensures that developers and users have quick and reliable access to data, fostering universal accessibility.

Currently, Lava provides RPC services for several leading blockchains:

  • Smart Contract Platforms: Ethereum, Solana, NEAR Protocol, Arbitrum, Optimism, Avalanche
  • Cosmos Ecosystems: Cosmos Hub, Evmos, Stargaze, Axelar
  • Other Notable Blockchains: Filecoin, Aptos, Celo

This diversity of platforms demonstrates Lava’s ability to provide robust RPC solutions to enable seamless integrations for a variety of applications within the Web3 ecosystem.

Conclusion

With the launch of its Mainnet, Lava Network is redefining expectations and standards for future blockchain innovations. This transition marks the beginning of an era where community, transparency, and innovation are at the core of operations, promising a more open and decentralized future.

Tutorial with Lava Network

Introduction to Dual Staking

Dual staking with Lava allows you to contribute to the network’s security and efficiency by choosing both a validator and an RPC provider, which can be different entities. This offers you increased flexibility and potentially better returns.

Step 1: Access the Staking Platform

  • Visit the Staking Rewards site dedicated to Lava staking.

Step 2: Connect Your Wallet

  • Click on the “Connect Lava Wallet” button to connect your cryptocurrency wallet where your LAVA tokens are stored.

2. This action will redirect you to a wallet connection request. A popup will appear asking you to add Lava to your Keplr wallet.

  • Click on “Approve” to authorize the addition. This will enable your Keplr wallet to manage and stake LAVA tokens.
  • Once your wallet is connected, you will be able to see your LAVA balance available for staking.

Step 3: Select the Staking Type

After connecting your wallet and before proceeding to stake, you will have the option to choose the type of staking. Currently, Native Restaking is the only available type. This mode involves providers running RPC nodes and validators securing the blockchain.

Coming Soon: Liquid Staking

  • The option for Liquid Staking will be available soon, introducing a new staking method. This process will involve depositing your tokens into a liquid staking protocol. In return, you will receive liquidity tokens (LSTs), which will represent the staked amount. This mode offers more flexibility as it allows users to engage in staking while maintaining liquidity of their assets.

Step 4: Selecting the Provider Pair:

  1. Click on “Provider Pair.” In the example, “Inter Blockchain Services” is selected as both provider and validator. This means your tokens will be used to support the operations of this specific provider within the Lava network.
  1. After selecting “Provider Pair,” the next screen allows you to precisely configure how your tokens will be staked. You can select your service provider and validator.
  • In this example, we have chosen “Inter Blockchain Services” as both provider and validator.
  • You are free to choose different entities for each role if you wish, which may be necessary as some only offer one of the two services.
  • You will see the expected reward rate, expressed as an annual percentage.

This dualistic setup allows participants to maximize their earnings by simultaneously supporting the RPC infrastructure and blockchain validation mechanisms. By adopting this method, you contribute to strengthening a more robust and secure network, while benefiting from attractive rewards for your commitment.

Step 5: Stake Your LAVA Tokens

  • Enter the amount of LAVA you wish to stake in the provided field.
  • Click on Stake LAVA to confirm your participation. Once the transaction is confirmed, your tokens will be staked.

Step 6: Tracking and Managing Your Staking

After staking your tokens, you can use the Staking Terminal to track, rebalance, and optimize your staking. This terminal provides real-time insights to maximize your investment.

  1. Wallet Network Selection:
  • Start by opening the wallet selection and click on the Cosmos Wallets option to access wallets compatible with the Cosmos network.

2. Choosing Lava Network:

  • From the list of options available under Cosmos Wallets, select Lava.

3. Selecting Your Wallet:

  • Once Lava is selected, you will be directed to a new interface where you can choose the specific wallet you wish to use, such as Keplr or Leap. Select your preferred wallet to proceed.

After you connect, you will be redirected to the Lava staking dashboard, where you can actively manage and monitor your investments.

Conclusion:

Dual staking with Lava Network is an innovative method to support the blockchain while maximizing your potential rewards. By following these steps, you can actively contribute to the decentralization and efficiency of Lava, while enjoying an attractive return on investment.

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