Discover Picasso on Solana: a powerful cross-chain protocol enabling seamless asset transfers and multi-asset restaking for enhanced rewards and security.
About Picasso
Picasso is a groundbreaking cross-chain infrastructure protocol on Solana, utilizing Inter-Blockchain Communication (IBC) to facilitate secure and efficient asset transfers across different blockchain networks, such as Ethereum and Cosmos. It introduces a unique multi-asset restaking mechanism that allows SOL and liquid staked derivatives to secure Actively Validated Services (AVS), thus providing users with dual rewards from both their original staking and additional restaking services. Picasso is aimed at enhancing the overall security of the Solana ecosystem by improving stake distribution and creating economic incentives for participants. Governed by the native PICA token, the protocol supports community decision-making, adding robustness to its governance framework.
Pricing
Discover the pricing options available for Picasso
Free
The cost associated with using Picasso primarily relates to fees for bridging and restaking activities.
Users participate in the protocol by earning rewards from bridging fees and restaking operations. The protocol generates revenue through these fees, a portion of which (20% of bridging fees and 20% of restaking fees) is distributed to PICA token stakers.
For precise fee structures or costs associated with specific operations within Picasso, users might need to refer to the platform's official resources or contact their support for detailed information.
How to get started
How to get started
1
Connect Your Solana Wallet
1 minute
Easy
Ensure you have a Solana-compatible wallet like Phantom or Solflare connected. This wallet will be used for managing your assets and interacting with the Picasso platform.
2
Prepare SOL or Staked Derivatives
5 minutes
Intermediate
Acquire SOL or liquid staked derivatives such as mSOL, jitoSOL, or bSOL. These assets will be used either for bridging across chains or restaking operations within Picasso.
3
Navigate to Picasso Platform
2 minutes
Easy
Access the Picasso platform via your web browser. Here, you can choose to engage in bridging services or utilize the restaking feature for additional rewards.
4
Select Services
2 minutes
Intermediate
For restaking, select the assets you would like to restake and choose the Actively Validated Services (AVS) to secure. If bridging, select the source and destination chains for your asset transfer.
5
Execute Transactions
1 minute
Easy
Confirm the transaction details and proceed. For bridging, wait for the Inter-Blockchain Communication confirmation, and for restaking, ensure that assets are correctly deposited in the Vault contract to start earning additional rewards.
