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LAVA now on PancakeSwap (Base & BNB chain) and Osmosis
News & Updates
Lava Foundation
Oct 1, 2024
Lava remains focused on building the access layer for every blockchain. This means attracting and coordinating node operators into a decentralized and modular network that focuses on serving high quality RPC and APIs.
That vision emerged almost 2 years ago, and has expanded and grown more urgent as more rollups launch every day. Each rollup needs RPC and ecosystems are increasingly dependent on a small handful of major providers.
Lava recently announced Public Mainnet and a roadmap for a new chapter of blockchains.
Over the course of the Lava testnet, we have witnessed:
With heavy production usage at over 1b RPC calls daily already ongoing over the Lava testnet, it is imperative the introduction of services to Lava mainnet will be gradual and stable. We aim to provide a smooth transition, both for data access clients and the service providers faithfully serving them.
Beyond the Mainnet transition, our goal is to build the most robust, low latency and decentralized RPC service in the entire industry. We’ve categorised some of the areas which will be prioritized in the next six months to a year.
All blockchains need to allow users to submit transactions and fetch data (”What is my ETH balance?”). Submitting transactions and fetching data is doing by making Remote Procedure Call requests to a node. RPC is the basic language necessary to connect and interact with blockchains - swapping, trading, staking, minting, deploying all require RPC requests.
Lava is a collective of node operators (”Providers”) serving RPC and other infrastructure services for any blockchain. This means users, wallets and dapps (”Consumers”) can connect to any ecosystem through the Lava network, which provides reliable, fast and decentralized RPC.
Chains can create incentive pools on Lava to attract Providers. As a result, Lava helps any chain, rollup or network to bootstrap a reliable RPC service.
Lava has a unique approach where chains such as NEAR protocol deposit their own tokens to Lava, creating incentive pools which pay RPC Providers.
Once an incentive pool is created, Providers can register on Lava blockchain and are paid periodically according to their requests and compute units served, and their quality of service (latency, uptime and accuracy).
Who earns rewards on Lava?
Lava has a unique model which has no inflation. Instead, rewards come from incentive pools for chains supported on Lava. Lava focuses on utlility and adoption, instead of artificial tokenomics.
Dapps with larger requirements can purchase on-chain subscriptions for more scalable rate limits.
Ahead of launch, and as we value our community, We have just released the Lava white paper and economics of the Lava token papers, with the purpose to ascertain clarity regarding the upcoming Lava mainnet features, rewards and risks.
With the completion of security auditing and the deployment of the audited commit, Lava's Public Mainnet officially launch, featuring an initial set of validators comprising community-trusted operators from across the industry and participants of Lava's testnet.
Lava’s gateway to be launched on Mainnet, allowing Lava over Lava RPC access through the Lava mainnet gateway. This will mean node providers can join Lava and serve RPC for users wanting to access Lava Mainnet itself, as if Lava were one of the chains supported by the network.
Lava Mainnet RPC will allow the creation of Lava-specific dapps such as dashboards, staking dapps, monitoring bots and more. It is also essential for sending transactions on Lava such as governance proposal votes, delegations and eventually retrieving a pairing list of providers for chains that will be subsequently added to Lava.
v3.0.0 will include various improvements and updates such as free Websocket Subscriptions for dapp developers (typically a premium feature), automatic Node Optimization for any Provider that joins Lava, state optimizations which reduce CPU and storage costs of Providers.
Once Lava’s own Mainnet spec has been added, Lava will be ready to onboard the first external chain. This will involve a phased rollout, first onboarding Providers, and then creating a consolidated endpoint for developers and users.
Transition incentivization of ecosystem partnership rewards to the Lava on chain implementation of Incentivized pools, allowing governance in other blockchains to directly fund the pool to be distributed automatically to providers. IBC transfer tokens will fund an incentive pool, with its tokens periodically sent directly to providers delegators and validators on the Lava blockchain for serving the incentivized chain and service specifications.
With the successful launch of the gateway we will begin transitioning ongoing production services and partnerships to the Lava Mainnet. Incentive pools, consiting of rewards in partnering ecosystem native tokens, will be launched for incentivized chains.
Rewards will be distributed based on Mainnet Compute Units served. New incentive pools may deploy directly to Lava Mainnet. Providers participating will receive LAVA drops, in addition to the native token rewards of incentivized chains.
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The full deployment of all supported chains to Lava mainnet, with the possible launch of additional chains by governance decisions. bootstrapping demand based on gateway usage and Lava drops. contributors will be chosen by governance to maintain and boost specs usage and capabilities.
As the gateway remains stable and efficient for free usage, LAVA token subscription plans will be integrated into the blockchain via governance. This will empower users to expand their operations beyond the capabilities provided in the free endpoints. Importantly, these subscriptions will be owned by the customers on-chain, affording them the flexibility to switch to any other gateway provider onboarded onto Lava
💡 Note that while this article provides a directional plan for the year ahead, it is subject to change based on evolving conditions and decisions made by the DAO.
There are many ways for developers, node runners, open-source contributors and wallet-users to contribute.
Stayed tuned for future updates and research. You can speak directly to the team and community in our Discord.
For developers, we invite you to check out our technical documentation.
Today marks the next phase in Lava’s journey to becoming the access layer for every blockchain. The floor is Lava.
