Coaction Network
- DeFi
- Infrastructure & Tools
- Cohort 5
Coaction Network is a proof-of-stake infrastructure provider that is developing a protocol to
incentivize delegation through a proprietary token, the Coaction Infrastructure Token (CIT).
CIT will be able to be burned to boost staking rewards and staked to earn a share of the protocol's revenue. The protocol aims to address centralization issues in validator ecosystems by demonstrating that smaller validators can effectively compete for delegations by forming a tokenized, cross-chain validator group. By tokenizing, Coaction Network will provide delegators with enhanced staking rewards as well as exposure to an expanding validator ecosystem. As adoption increases, Coaction Network plans to decentralize its validator group by allowing external validators to tokenize using CIT by launching the first ever cross-chain validator group platform.
Our partnership with Saga is a game-changer for Coaction Network. Saga's groundbreaking protocol for automatically provisioning application-specific blockchains aligns perfectly with our mission to decentralize and optimize validator ecosystems. By integrating Saga's innovative validator orchestration and automated deployment pipeline, we can make the process of launching a tokenized, cross-chain validator group as seamless as deploying a smart contract. This not only accelerates our roadmap but also amplifies the benefits we offer to delegators, such as enhanced staking rewards and exposure to a growing ecosystem. Together with Saga, we're setting the stage for the next evolution of web3 infrastructure, making it more scalable, secure, and accessible than ever before
