will give me some % apr and would it also allow me to earn from the fees generated?
So I want to make sure I understand the term "shared liquidity" correctly as well. My interpretation is when Mo says "shared liquidity" for cBridge and the SGN, he is referring to the fact that SGN validators can also be cBridge node operator and anyone can provide liquidity through the cBridge UI to this shared liquidity pool. I am going to ask the team to be 100% certain on this and will get back to you.
Ok loaded statement for my limited knowleadge, lol. I think I am following. So give me an example of why does SGN need liquidity?
I updated my statement above to be more accurate.
In response to 'why does SGN need liquidity' from the context of cBridge, is that SGN nodes themselves are cBridge nodes. Liquidity is needed to be provided to SGN because any time you want to use cBridge to send asset across to another chain, cBridge will need to have available liquidity in the target chain to send funds to your wallet. e.g., if you want to bridge USDT from BSC to FTM 1. User sends 100 USDT on BSC to cBridge address (on BSC network) 2. cBridge dispense 100USDT on FTM to user's wallet address (on FTM network) In step 2 above, that's where SGN need the liquidity in order to satisfy this transaction
Yea, here is what Ive come up with so far. Still doing some digging and may fine tune some of these things but in relation to what @ctruscrypto was asking earlier: Shared Liquidity - This is the liquidity from users not running their own cBridge node that can be supplied from the cBridge UI. This is managed by SGN itself. Share Liquidity Manager - This is the role of the SGN when it is managing the liquidity supplied by LP through the cBridge UI cBridge Node Gateway - This is the "onboarding" location for new cBridge nodes where they "register" their information such as fees they charge and amount of liquidity available. This used to be a centralized service in v1.0 but the logic is now decentralized and managed by the SGN. Service Level Agreement (SLA) Arbitrator - New cBridge nodes register SLA information (node availability, fee level, liquidity reserve) and delegate a portion of their liquidity to a SLA bond. This bond can be slashed for the node operator if they break any of the rules from their SLA information and used for compensation to the user for degraded experience. Here are some questions I am still trying to find the answer to: 1. Fees are (or will be?) paid to the SGN for its services as the new cbridge node gateway, SLA arbitrator, and Share Liquidity Manager. From my understanding, the SGN is already fulfilling all of these roles. If that is the case, are the fees that the SGN will charge for these services being directed somewhere else or are they currently set to zero? 2. Is it accurate to say that nodes register their SLA contract information with the gateway?
Re your question 2 - that's provided that self-custodial cBridge node is still a thing in itself?? Or is that all going to roll into SGN node now? i.e., when SGN validators are open to approvide and verified 'public', that'd be the self-managed cBridge node?
If you stake on Unagii or other Celer partner will you still receive the fees generated by Cbridge?
Not too sure. These other platforms are SGN validators so they would capture the additional fees. So it would be up to the platform if they choose to distribute those extra fees or keep them for themselves I believe. Don't quote me on that.
Well the self-custodial nodes register with the SGN gateway with all of their other information. But they do stand apart from the SGN as a node because they set their own fees and liquidity. The SGN just has a set of contracts that manage the liquidity from all of the other chains that is provided from LP not running their own node. All of the txn information first goes to the SGN before the SGN goes through its own node selection process.
Thanks, unfortunately the Unagii UI is 100 times easier than SGN to use
Yup. I'm just wondering whether self-custodian cBridge node is still a thing? or they would just bundle it in SGN node as a whole. In terms of fees config etc, same as the SGN now, where validators can set their commiision individually, they would be able to set the fees for both cBridge and SGN staking commisiion as well
Yep. But remember the SGN is about to be upgraded with new features and UI: https://test-sgn.celer.network/
From what I understand, yes they will continue to be a separate thing but the team will likely be selective about this process of who they allow to setup cBridge nodes for the time being. My guess is until they allow public SGN nodes but again, just a guess there.
When is the upgrade again? Q1?
Yep. Mo just said during Q1 but has not given a hard date for it yet
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