According to Foresight News, The Block reported that Mind Network, a fully homogeneous encryption (FHE) re-staking layer for PoS and AI networks, has launched the Alpha mainnet. In the first phase of the FHE re-staking layer, Mind Network will launch and improve re-staking related functions. There are two types of pools in the Mind Network re-staking service: Flexi Pool and Club Pool. Among them, Flexi Pool supports flexible deposits and withdrawals at any time. Club Pool has a fixed lock-up period and can obtain higher returns. The initial supported networks and assets are as follows: pufETH, ezETH, eETH, swETH, Pendle PT.

Mind Network stated that by using the above assets to participate in re-staking activities on Mind Network, users can obtain Mind XP and multiple staking rewards of various protocols. Mind XP is Mind Network’s point system, which serves as a measure of contribution to the shared security of the Mind Network ecosystem. The main factors include staking amount and staking duration.

In June 2023, Mind Network completed a US$2.5 million seed round of financing, with participation from Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital and others.