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LAVA now on PancakeSwap (Base & BNB chain) and Osmosis
News & Updates
Lava Foundation
Oct 1, 2024
Lava Network is the first modular network enabling users and developers to interact with any blockchain and rollup.
Chains and rollups create incentive pools on Lava to attract RPC providers. Lava aggregates Providers and users connect to blockchains through Lava, which routes requests to the fastest and most reliable Providers.
Today, we're announcing that Filecoin Network, Starknet Foundation, and Cosmos Hub will be added to the launch of our phased public mainnet alongside other existing projects. Lava will feature incentive pools including 3 million tokens totalling almost $1 million from supported ecosystems for its mainnet participants.
Ecosystems use Lava to create incentive pools to attract high-quality infrastructure providers, rewarded for providing reliable service for users. This novel approach has already proven its performance and cost-effectiveness, with existing partners collectively distributing hundreds of thousands of dollars in tokens to participants during the Lava testnet phase. Google Cloud, for example, is already supporting Lava testnet with its blockchain Node Engine, running 9 nodes handling millions of Ethereum requests.
Lava has also secured incentives from prominent chains like NEAR Protocol, Evmos, Axelar, Stargaze and Union.
“Lava Network's incentive pools are decentralizing the NEAR RPC layer by creating a competitive market and bringing more providers. This has improved the experience for NEAR app developers and users,” Illia Polosukhin, Co-Founder of NEAR Protocol, said. “We look forward to continuing the mission of Chain Abstraction together and making blockchain development more accessible to all.”
Lava will announce additional partners in its incentives program over the coming weeks. $LAVA stakers can contribute to network security and provider selection, earn rewards from incentives pools and participate in Lava’s governance. For more information, visit https://www.lavanet.xyz/.
Lava is a protocol which provides infrastructure services such as RPC to any blockchain. Incentives are used to reward participants such as RPC providers and LAVA restakers.
RPC providers on Lava testnet already earn NEAR, EVMOS and AXL tokens for handling RPC requests. On Mainnet, LAVA restakers will also be eligible for incentive pool rewards. Restakers first stake to Lava Validators and then restake the same staked tokens to a Lava Provider. This means the Provider is selected more often and more accountable for their quality of service. Overall, restakers help lower the security cost to Lava and also improve the performance across the network, meaning users get faster and more reliable RPC.
As a result, LAVA restakers and RPC providers will be eligible for incentive pool rewards, earning tokens from other ecosystems beyond Lava.
Lava is the modular network that enables blockchains and rollups to permissionlessly bootstrap critical infrastructure. Any chain can create an incentive pool on Lava to scale and optimize their set Remote Procedure Call (RPC) node operators, ensuring reliable connections for users and developers. After a testnet that processed over 40 billion RPC requests and a unique incentive model that rewards operators for providing high-quality services, Lava is building the universal and performant infrastructure layer for the future of decentralized applications.
