Deposit Contract

A deposit contract is a type of smart contract designed to enable users to securely store and transfer their cryptocurrency into a blockchain protocol. It serves as a mechanism for users to deposit their tokens, often through a validator node, to support the efficient operation of the network. Additionally, deposit contracts can be utilized in decentralized finance (DeFi) protocols, offering users the ability to engage in activities such as staking, lending, borrowing, and earning incentivized token rewards.