mirror of
https://github.com/lux-apps/papers.git
synced 2026-10-30 18:15:21 +00:00
zeekay
abf99d05fc
Restructured from flat .tex/.pdf files into per-paper subdirectories. Added Antje Worring as co-author on all papers. Synced PDFs to pdfs/ for download site.
20 lines
2.1 KiB
TeX
20 lines
2.1 KiB
TeX
\section{Related Work}
|
|
\label{sec:related}
|
|
% ============================================================
|
|
|
|
\paragraph{ERC-4626 Tokenized Vaults~\cite{erc4626}.} The standard that defines share-based vault accounting on EVM. Teleport adopts the same \texttt{convertToShares}/\texttt{convertToAssets} semantics but extends them cross-chain, where the vault and share token exist on different blockchains. The key challenge ERC-4626 does not address is cross-chain state synchronization of the share price.
|
|
|
|
\paragraph{Lido~\cite{lidofinance}.} The largest liquid staking protocol (\$14.5B stETH outstanding). Lido's stETH rebasing model inspired yLETH's share-price model, but Lido operates on a single chain. Teleport's contribution is deploying bridge-locked ETH into Lido (and other strategies) while reflecting the yield cross-chain.
|
|
|
|
\paragraph{EigenLayer~\cite{eigenlayer2023}.} Restaking protocol enabling ETH stakers to provide security to additional services. Teleport uses EigenLayer as one of 29 yield sources, composing restaking yield on top of liquid staking yield for bridge-locked assets.
|
|
|
|
\paragraph{Babylon~\cite{babylon2024}.} BTC staking protocol using Bitcoin Script covenants. Teleport integrates Babylon as the base layer of the BTC yield stack, with the FROST-controlled Taproot address doubling as both bridge custody and Babylon staking key.
|
|
|
|
\paragraph{Pendle~\cite{pendle2023}.} Yield tokenization protocol that splits yield-bearing tokens into principal (PT) and yield (YT) components. Teleport yLETH can be deposited into Pendle on the destination chain, enabling fixed-rate yield exposure on bridged assets.
|
|
|
|
\paragraph{Across Protocol~\cite{across2023}.} Optimistic bridge using LP-funded fast fills. Across LPs earn yield by fronting bridge capital, but the bridged assets themselves (held by users) earn no yield. Teleport's yield-bearing tokens ensure the \emph{user's} bridged capital is productive.
|
|
|
|
\paragraph{Wormhole NTT~\cite{wormhole}.} Native token transfers without wrapping. NTT addresses token fungibility but not capital efficiency---transferred tokens still earn zero yield during transit.
|
|
|
|
% ============================================================
|