Trestle - Unlocking Scalability and Pioneers DA Modularity Expansion on Celestia
We’ll see a DA modularity expansion in Q1, Q2
Team has delivered since launch:
Increased team vestings to 1 year cliff and 10% monthly
$300k worth of $wTIA rewards in a 1 month staking program
$500k+ in buybacks
Building their own roll-up chain in under $7.5M market cap 🧵 👇
We are going to see a explosion for DA modularity expansion in Q1 and Q2 2024 as many of these DA projects will go live.
🔷 Understand Celestia 🔷
Celestia kickstarted the narrative of a Modular Data Availability Blockchain.
What this means is that ie enables developers to program in their preferred language. Celestia will handle the consensus mechanisms while enabling builders to concentrate on building their dApp.
🔷 About Trestle 🔷
@trestleprotocol biggest goal here is to to become the first native (TIA) centric roll-up chain on Celestia.
Trestle Protocol is set to introduce a suite of products designed to deliver continuous value and revenue to $TRESTLE token holders, simultaneously facilitating the growth and decentralization of $TIA.
Wrapped TIA Payouts - Earn $wTIA by staking $TRESTLE
TIA Bridge
The pioneering initiative by Trestle is to establish the first TIA bridge between ETH and Celestia networks.
It will enable the following benefits:
broadened the accessibility of TIA and introducing $wTIA (wrapped TIA) to the Ethereum ecosystem.
% fee for each bridging activity, generating revenue for the protocol and its tokenholders.
TIA Launchpad and Token Bridge
Trestle will suppot TIA projects with fundraising efforts and promote their ventures on the Ethereum platform, aiming for a launch on the TIA network.
So for these new projects, users will be able to bridge with their native token bridge between the ETH and TIA networks.
Trestle Chain
They will have their own roll-up chain on Celestia. Trestle's Incubator will onboard new teams onto their Celestia roll-up chain.
🔷 Trestle Chain 🔷
Trestle is focused on building a rollup chain on Celestia, Trestle Chain
Rol Ups 101
Smart contract rollups improves blockchain scalability and efficiency, utilizing a base or settlement layer, such as Ethereum, to finalize transactions.
Rollups bundle or "roll up" numerous transactions into a single batch, which is then published to the settlement layer. The primary responsibilities of this layer include ordering the transactions, verifying their correctness, and reading the data contained within these blocks.
This mechanism allows for significant improvements in throughput and transaction processing speed because it offloads the computational and data storage burden from the main blockchain (settlement layer) to these specialized layers.
Rollups help mitigate the scalability challenges faced by blockchains like Ethereum, enabling them to handle a greater volume of transactions more efficiently while still maintaining security and decentralization.
This makes @CelestiaOrg a better solution that differentiates from the others as it:
Allow the nodes of the rollup to verify transactions
Developer have control over settlement and execution
However, building on $TIA is not easy as its hard to bridge for users, lack of liquidity and volume for Celestia and hence tougher adoption rates.
Trestle Chain & Launchpad
To make this easy for the ecosystem to grow we will need:
Ease of liquidity to be onboarded
Bringing builders on board
Trestle chain establishes this rollup layer and positions itself as a launchpad and incubator for projects aiming to debut on Celestia.
I am most excited for this in fact, becuase this is where we will see new attention and money inflows.
Twitter: https://twitter.com/arndxt_xo/status/1759909288330584421