Proposal to Registered Node Operators(RNO) to join the Atlas Network Testnet AVS
AVS name and description:
The Atlas Network is a DePIN orchestration layer created by the NodeOps team. It aims to bring decentralized, economically secure, and reliable compute infrastructure to our ecosystem of protocols, applications, and chains.
The node network is one of the most challenging aspects of creating a decentralized protocol. Protocols need help to bootstrap a sufficiently decentralized network of nodes for their services, products, and community to use and build on.
However, having a decentralized node network is not enough.
Protocols and chains also struggle to meet the demands for sufficient crypto-economic security for their networks, which is especially problematic for new protocols.
Finally, infrastructure that is unreliable regarding uptime and performance serves no purpose in running nodes. Current decentralized compute providers offer reliable infrastructure, but they are dependent on centralized processes and entities to ensure this reliability.
With Atlas Network, we want to address all three problem areas by creating a decentralized, economically secure, and reliable infrastructure built on top of EigenLayer for future deployments, not just node deployments.
Our goal is to be the unified permissionless marketplace for all decentralized, economically secure, and reliable infrastructure, powering a thriving ecosystem of use cases from AI to gaming to DeFi and beyond.
Know more about Atlas Network here:
Benefits to the Puffer Protocol
Atlas Network will offer direct revenue share with all its operators and delegators. The earning allocation is as follows:
- The inflation rate will be set at 10%, serving as the basis for staking rewards.
- 15% of the total AVS yield gets distributed among operators and delegators.
With the announcement of the new EigenLayer Rewards v2, Atlas AVS will also create custom logic to implement performance-based rewards directed towards operators.
Finally, with the addition of the Atlas Network AVS, RNOs can expect to attract even more stake from delegators given the growing demand for reliable compute infrastructure secured by EigenLayer that cuts across verticals.
Potential risks and mitigation strategies
Like any AVS, operators supporting the Atlas Network AVS can face slashing events if they fail to perform their tasks correctly or act maliciously. The exact slashing conditions have yet to be defined by Atlas Network, but it would include these three conditions to begin with:
-
Operational downtime
-
Imitation of proper work
-
Wrong computation output
The Atlas Network will constantly monitor these parameters and create an alerting mechanism to inform the operator/s.
Slashing could also result from factors related to our AVS, such as bugs or vulnerabilities in its smart contracts. The Atlas Network team will ensure that all its smart contracts are audited regularly for such vulnerabilities.
Technical and operational requirements
All technical details are available at our operator onboarding repository. RNOs are requested to complete our operator interest form to kickstart the onboarding process upon approval of this proposal. We have onboarded 15 operators but intend to take this up to 25.
Thank You.