Nexus Network testnet is live as an Arbitrum Orbit chain
Nexus Network has taken a significant step forward in bringing yields to idle bridge assets by going live as an Arbitrum Orbit chain. This allows anyone to bridge ETH to the Nexus chain, where the ETH is staked in the background, ensuring no change in user experience while providing builders with new opportunities. A user-friendly dashboard has been developed, enabling anyone to check the status of staked ETH and the rewards earned. While the testnet utilizes the Arbitrum stack, Nexus Network is compatible with all rollup stacks, working seamlessly with both existing and new rollups.
What is Nexus Network?
Nexus Network brings secure yields for idle bridge assets, enabling rollups and EVM chains to enhance their ecosystems with additional yields using a secure, non-custodial solution. The returns generated can be used by chains to incentivise the growth of users and applications.
How does Nexus Network work?
Nexus Network has pioneered a straightforward way to bring native yields to rollups. Rollups can easily integrate with the pluggable staking infrastructure by calling Nexus contracts. Once integrated, rollups can stake any proportion of ETH locked in the bridge, which is continuously monitored and managed by Nexus contracts. Nexus Network ensures secure staking by utilizing advanced technologies such as DVT (Distributed Validator Technology) and DKG (Distributed Key Generation). Additionally, Nexus Network offers slashing insurance through partnerships with leading providers, safeguarding against potential slashing events.
What can users do on Nexus testnet?
Users can bridge ETH from the Ethereum Holesky testnet to the Nexus testnet chain. If you do not have ETH on Holesky, you can obtain it from these faucets:
Once you have ETH on Holesky, you can bridge it to the testnet. Users can also visualize the total bridged ETH, staked ETH, and returns earned on our dashboard. There is full transparency on the validator and operator details and their performance. Navigate to the testnet at
https://testnet.app.nexusnetwork.live/
You can check out the Testnet Demo for more details here.
About Nexus Network
Nexus Network brings secure yields for idle bridge assets, enabling rollups and EVM chains to enhance their ecosystems with additional yields using a secure, non-custodial solution.
About Arbitrum Orbit
Arbitrum Orbit is the permissionless path for launching customizable dedicated chains using Arbitrum technology.
About The Arbitrum Foundation
The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum.