7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Blackhole V2 | SUZ/0XB97E…48A6E | $276.91 | 0.73% |
| TRADE |
| Blackhole V2 | SUZ/0XB31F…D66C7 | $145.76 | 0.61% | TRADE |
Top 2 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Suzaku is the Decentralization Hub for Avalanche L1s. It is a permissionless protocol allowing: - Anyone to (re)stake their assets to provide cryptoeconomic security - Anyone to curate (re)staking strategies for their delegators - Anyone to operate infrastructure to decentralize L1 blockchains - Anyone to create their L1 and secure their decentralization journey Avalanche is a network of blockchains known for its flexibility and scalability, with a focus on Web3 gaming and other resource-demanding endeavours.
Avalanche also caters to developers who wish to build their own blockchain networks for scalability, sovereignty, or regulatory reasons. Each Avalanche chain (simply called “Avalanche L1”) is fully sovereign with its independent consensus and data layers, and specific security model, while remaining natively interoperable with other L1s of the Avalanche ecosystem.
Suzaku positions itself as the go-to protocol to help new L1s with all these challenging questions. In order to understand what they do, we should first briefly touch upon liquid staking through LSTs (Liquid Staking Tokens) and restaking. In a simplified version, restaking is a powerful concept, where new L1s can “borrow” security from established networks in exchange for some rewards for validators.
For L1s launching on Suzaku, this means the following benefits: - Solving the cold-start problem. New projects will struggle to attract enough validators to secure their network at launch. Restaking allows them to leverage existing stake on other networks.
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