This idea introduces a new way for RSN token holders to invest and earn rewards in the Rosen Bridge ecosystem without the need to operate a Watcher Service - a new third party called Investors.
Investors can lock their RSN tokens in a dedicated savings account. This process increases the number of permits, enhancing the stability and throughput of the bridge. Permits generated by investors are randomly assigned to Watchers for bridge event observations.
The rewards from bridge events are distributed among Watchers, Guards, and Investors. Investors receive the majority of these rewards, while Watchers, Guards, and potentially the Treasury receive a portion for their operational contributions.
Three ways to engage with Rosen Bridge:
- Simple Investment: Buy RSN for potential token value growth and support the ecosystem.
- Delegated Investment: Delegate RSN to a Watcher Service for a higher reward percentage.
- Active Involvement: Become a Watcher, run the service operations, and receive full reward exposure.
However, currently #2 doesn’t exist! The proposal recognizes the demand for a less technical and time-consuming way to participate in the Rosen Bridge system.
Many potential participants may lack the technical skills, time, or financial resources to operate a Watcher. This solution offers a more accessible and fair alternative.
- Investors purchase RSN and open an Ergo wallet.
- They visit the app.rosen.tech bridge website and lock their RSN in a Savings Account Pool.
- Investors receive a Bridge Investor ID Token (BIID).
- Permits are created and assigned to Watchers in a FIFO manner.
- Watcher observe events like normal.
- Rewards from observed events are distributed, with Investors receiving the majority.
- Watchers observe the next event with their own permit like normal, receiving 100% of the rewards.
Investor permits thus increase rewards for all, and bring idle Watcher time more throughput.
This concept is technically feasible using existing Rosen Bridge centric technology with some updates to the contracts.
Feedback and suggestions are welcome to refine this idea further!