Helios Horizons Ep.33: Capital-Efficient Security with Makoto Uramuru of Pell Network
01/22/25 • 61 min
Makoto Uramura, co-founder of Pell Network, joined us on Helios Horizons Ep.33 to discuss how Pell are creating a more capital efficient staking system by allowing projects to leverage the economic security of established assets rather of relying solely on their native tokens.
The problem is straightforward but devastating: new networks must attract validators by offering substantial token emissions, creating unsustainable economics that can be difficult to sustain. Pell's solution elegantly addresses this by enabling projects to "borrow" security from Bitcoin, EGLD, and other established cryptocurrencies.
This approach creates a win-win relationship where projects can bootstrap their networks faster with institutional-grade validators ready from day one, while asset holders gain additional yield opportunities without taking on excessive risk. With over $500m in TVL already secured, Pell has demonstrated the market's appetite for this capital-efficient security model.
What makes Pell particularly innovative is their technical approach to Bitcoin restaking, which required substantial engineering work due to Bitcoin's limited programmability. This breakthrough has opened Bitcoin's massive market cap to provide security for projects across ecosystems. Their expansion to MultiversX follows the same philosophy, creating tailored implementations that will particularly benefit sovereign chains being developed on the platform.
Looking forward, Makoto envisions a future where restaking becomes the standard for new distributed systems, allowing developers to focus on creating exceptional user experiences rather than wrestling with infrastructure challenges.
Listen back to Helios Horizons Ep.33 to learn about restaking, and how Pell's approach has the potential to address some of the key challenges facing new projects in Web3.
Stay tuned for next weeks Episode and don't forget to follow us on X and visit our website for more information.
Makoto Uramura, co-founder of Pell Network, joined us on Helios Horizons Ep.33 to discuss how Pell are creating a more capital efficient staking system by allowing projects to leverage the economic security of established assets rather of relying solely on their native tokens.
The problem is straightforward but devastating: new networks must attract validators by offering substantial token emissions, creating unsustainable economics that can be difficult to sustain. Pell's solution elegantly addresses this by enabling projects to "borrow" security from Bitcoin, EGLD, and other established cryptocurrencies.
This approach creates a win-win relationship where projects can bootstrap their networks faster with institutional-grade validators ready from day one, while asset holders gain additional yield opportunities without taking on excessive risk. With over $500m in TVL already secured, Pell has demonstrated the market's appetite for this capital-efficient security model.
What makes Pell particularly innovative is their technical approach to Bitcoin restaking, which required substantial engineering work due to Bitcoin's limited programmability. This breakthrough has opened Bitcoin's massive market cap to provide security for projects across ecosystems. Their expansion to MultiversX follows the same philosophy, creating tailored implementations that will particularly benefit sovereign chains being developed on the platform.
Looking forward, Makoto envisions a future where restaking becomes the standard for new distributed systems, allowing developers to focus on creating exceptional user experiences rather than wrestling with infrastructure challenges.
Listen back to Helios Horizons Ep.33 to learn about restaking, and how Pell's approach has the potential to address some of the key challenges facing new projects in Web3.
Stay tuned for next weeks Episode and don't forget to follow us on X and visit our website for more information.
Previous Episode
Helios Horizons Ep.32: The AI Revolution with Tony Plasencia of Griffain
What happens when AI merges with blockchain technology? Tony Plasencia, co-founder of Griffain, joined us to share his insights for this exciting episode.
From his early days at Uber to building multiple startups, Tony's path ultimately led to a revelation: crypto remains frustratingly complex for everyday users, creating an adoption ceiling that even the most user-friendly blockchains can't seem to break through.
Griffain emerged as the solution – an AI agent ecosystem that allows users to interact with blockchain simply by typing or speaking natural language. The magic happens through what Tony calls the "agent engine," where your personalized AI assistant delegates to specialized agents trained on specific protocols to get complex tasks done for you.
For the second half of the episode, Helios Staking team members Kevin Lydon, Lukas Seel + JB Carthy discussed the impact of these innovations and the state of innovation in Web3.
Dive into Helios Horizons Ep.32 to learn about Tony's journey in Web3, the story of Griffain and look ahead to the impact of blockchain + AI on the wider world.
Stay tuned for next weeks Episode and don't forget to follow us on X and visit our website for more information.
Next Episode
Helios Horizons Ep.34: The New Era of Finance with Cooper Emmons of Injective
On Helios Horizons Ep.34, we chat to Cooper Emmons about Injective's journey to becoming one of the leading lights in the DeFi revolution.
Key to Injective's success is the team's unwavering focus on creating financial infrastructure that solves genuine problems.
Cooper reveals how Injective is democratizing access to financial instruments that have traditionally been restricted to general population. Through the power of tokenization, investments that once required million-dollar minimums can be accessed immediately with any amount of capital.
With Injective's high-performance EVM compatibility, their specialized finance modules and deepening relationships with traditional financial institutions, Injective is uniquely positioned to bridge the worlds of TradFi and DeFi as regulatory clarity emerges globally.
Helios Horizons Ep.34 provided a valuable insight into the world of Injective, and is a must-listen for anyone interested in how DeFi is poised to reshape the financial landscape.
Stay tuned for next weeks Episode and don't forget to follow us on X and visit our website for more information.
Helios Horizons - Helios Horizons Ep.33: Capital-Efficient Security with Makoto Uramuru of Pell Network
Transcript
But this is Helios Horizons , episode 33 . Today we're talking about capital efficient staking with Makoto Uramura , co-founder of Pell Network , who are part of the upcoming or they are the upcoming project launching on X Launchpad bringing restaking to Multiverse . X .
JB CarthyPleased to have you with us , my friend .
Makoto UramuraIf you like this episode you’ll love
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