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Steer's Protocol Validated Services

Overview​

Steer's Protocol Validated Services offer a unique solution for protocols seeking to leverage existing infrastructure while maintaining control over their network's security and operations. This service allows protocols to use their own underlying token paired with a restaking token for the staked assets for validation, creating a secured network relying on the security of the underlying protocol and the restaked token's network, all built on Steer's robust infrastructure.

Key Features​

Custom Token Validation​

  • Protocols use their token for part of the staking requirement for validator nodes
  • Restaking tokens are used in tandem for staking to leverage include security
  • Enhances the utility and demand for the protocol's native token

Isolated Automation​

  • Protocols can run their own specific automation tasks
  • Ensures dedicated resources and improved efficiency for protocol-specific operations

Steer Infrastructure Licensing​

  • Access to Steer's established infrastructure
  • Utilization of underlying contracts and necessary components

Network Isolation​

  • Each protocol operates on its own validated service network
  • Separation from the main Steer network and other protocol networks

Benefits​

  1. Enhanced Token Utility

    • Adds significant utility to the protocol's native token
    • Potentially increases token demand and value

  2. Customized Security

    • Network secured by stakeholders of the protocol itself
    • Leverage security of larger more secure networks via RSTs
    • Aligned incentives between token holders and network security

  3. Operational Efficiency

    • Dedicated resources for protocol-specific automations
    • Reduced interference from unrelated network activities

  4. Rapid Deployment

    • Leverage Steer's existing infrastructure for quick setup
    • Minimize development time and resources

  5. Flexibility

    • Protocols can tailor the network to their specific needs
    • Ability to adjust parameters and operations as required

How It Works​

  1. Node Setup

    • Users stake the required amount of the protocol's token and a required amount of a restaking token to become a validator
    • Validators run the necessary processing software provided by Steer

  2. Network Isolation

    • Nodes only interact with services and jobs within their specific protocol network
    • Clear separation between different protocol networks and the main Steer network

  3. Task Execution

    • Validators process and execute automation tasks specific to their protocol
    • Efficient handling of protocol-related operations without external interference

  4. Reward Distribution

    • Validators earn rewards in the protocol's native token for their services
    • Incentivizes long-term participation and network security

Conclusion​

Steer's Protocol Validated Services offer a powerful solution for protocols looking to enhance their token utility, secure their network, and efficiently manage their operations. By leveraging Steer's infrastructure while maintaining control over validation and task execution, protocols can create a tailored, secure, and efficient environment for their specific needs.

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If you or your protocol are interested in protocol validated services, please reach out to the Steer team! Connect with us