Excited to announce that @pipenetwork will be using the Jito (Re)staking infrastructure to build a stake delegation program for LovePIPE (liquid staked $PIPE).
But first, what is Pipe Network?
Pipe Network is a permissionless full-stack cloud. It combines...
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content delivery, storage, and an overlay network into one platform so users can deliver, store, and route data with high performance, all built on Solana.
Similar to the way Jito Network delegates JitoSOL, Pipe Network is introducing a stake delegation program using the Jito (Re)staking protocol that will delegate staked $PIPE to Point of Presence nodes according to a criteria that optimizes for high bandwidth and uptime.
On October 15th, users will be able to stake $PIPE and receive LovePIPE. LovePIPE is a liquid staking token that represents a pro-rata share of deposits in the pool, including rewards from Pipe Network, which can be traded and utilized across Internet Capital Markets.
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