There has been some confusion on the recently announced
@Pell_Network <>
@HatomProtocol partnership; which is now clearer, after contacting both teams.
The Confusion
According to Hatom's announcement:
💬"Through this collaboration, sEGLD will become the exclusive asset in Pell’s upcoming restaking protocol."
Pell also mentioned an "exclusive parnetship."
Some developers, community members, and users, like myself, misunderstood that it would mean Pell Network would only implement sEGLD in its ReStaking protocol, preventing other Liquid Staking Derivatives (LSDs) to join the network.
Some of these other EGLD LSDs are
xEGLD, LEGLD, vEGLD, and JWEGLD.
The Explanation
With that in mind (and a bit concerned) I contacted the Pell Network and got a straight-up answer from one of its representatives on Discord, through a ticket.
According to the team, the mentioned exclusivity is only regarding a ReStaking implemention that will happen on Hatom, fruit of the announced partnership.
Hatom will have some new features that use Pell Network's ReStaking solution added to the platform and this is what will exclusively add sEGLD.
The Pell Network team remains open to implement and support other EGLD Liquid Staking protocols in the future, with no exclusivity in this broader sense.
💬"Pell Network remains open to integrating EGLD restaking across other platforms and protocols in the future. The term "exclusive" in this case applies to the fact that sEGLD will be the designated asset in Pell's upcoming restaking protocol related to our partnership with Hatom, but this does not restrict us from supporting other EGLD LSDs."
- Pell Network Team Representative
Big congratulations to both teams on setting this partnership and pushing the ecosystem forward! Big things are coming.