×
Grow Open Source Bounties Hackathons Grants Codefund Quests Kudos
Back to Grants

LTokens: Solving the paradox between Staking & DeFi


CLR MATCH ROUND 5

0 DAI

FINAL AMOUNT

ROUND 5

0 DAI
0 contributors

Your contribution goes a long way!

1 DAI contribution

+ 0 DAI match

10 DAI contribution

+ 0 DAI match

100 DAI contribution

+ 0 DAI match

1,000 DAI contribution

+ 0 DAI match

Next update : 1 month, 2 weeks ago | Last updated : 1 month, 2 weeks ago

Description

{"ops":[{"attributes":{"background":"transparent","color":"#000000"},"insert":"LTokens: Solving the paradox between Staking & DeFi "},{"attributes":{"header":2},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"How LTokens provide liquidity from staked PoS assets, enabling innovative new DeFi products  🚀"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"StakeDAO is developing a novel way to leverage staked assets locked inside the StakeDAO platform as collateral by issuing LTokens that can be leveraged in external DeFi markets. By providing simultaneously liquidity to both the PoS security and the DeFi services, inefficiencies of overcollateralized capital can be removed, enabling further financial products."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"What are LTokens? "},{"attributes":{"background":"transparent","color":"#000000"},"insert":"🤔"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"When you stake an asset through the DAO, you can mint a corresponding LToken in a 1:1 peg. "},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"For example, if you stake 1 LPT you'll receive 1 LLPT in return."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"The newly minted L can be used with any of the existing DeFi tools and services available in the ecosystem, e.g. leveraged staking, collateral into DeFi pools, hedging, trading."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"The first liquid asset supported by the LToken mechanism will be Livepeer’s LPT token. Since LPT has a 7 day unbonding period, LLPT tokens will be able to be liquidated for the underlying LPT accordingly.The LLPT tokens obey the follow rules:"},{"insert":"\n\n"},{"attributes":{"bold":true},"insert":"The principal collateral (e.g. 1 LPT) will be accessible 7 days (locking period) after the LLPT liquidation function is called."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"bold":true},"insert":"The staking rewards earned on the LPT collateral will be continually accessible via a payInterest() function (which will issue the interest as newly minted LLPT)."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"bold":true},"insert":"The Stake DAO SCT token  (that allows anyone to claim future Stake DAO cashback  and grants pro-rata governance rights) will be claimable via an LLPT function also."},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"bold":true},"insert":"The ETH fees (from Livepeer transcoding fees) will not be accessible to LLPT token holders, instead they will be able to access ETH fees via the SCT token they will be entitled to (see the Stake DAO Light Paper for more details on this SCT issuance mechanism)."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"Stake DAO is a revenue-sharing organization, enabling DAO token holders to continuously receive staking rewards and participate in key decision making processes via pro-rata governance rights."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://medium.com/stakecapital/introducing-stake-dao-by-stake-capital-claiming-future-yield-revenue-7059e0781328"},"insert":"Read more about Stake DAO in our medium"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"Stake DAO is initiated and in development by Stake Capital."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"Stake Capital"},{"attributes":{"background":"transparent","color":"#000000"},"insert":" has been operating for over a year and a half in the staking industry. "},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"It is one of the world’s leading blockchain companies in both staking services and the #DeFi (decentralized finance) movement. From lending and pooling to staking and arbitrage, we are building opportunities in a permissionless fashion, embracing the ecosystem’s core values of the Web3 movement."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":"(Stake Capital is inviting validators and developers joining Stake DAO to gradually derive a fully decentralized DAO. See the "},{"attributes":{"italic":true,"background":"transparent","color":"#1155cc","link":"https://github.com/stake-capital/research/blob/master/Stake%20Capital%20DAO%20Light%20Paper.pdf"},"insert":"Light Paper"},{"attributes":{"background":"transparent","color":"#000000","italic":true},"insert":" for more details around the Stake DAO vision.)"},{"insert":"\n\n\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"StakeDAO | Stake Capital materials "},{"insert":"📚"},{"attributes":{"background":"transparent","color":"#000000"},"insert":": "},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"1. Stake Capital DAO Tech spec: "},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://github.com/stake-capital/research/blob/master/Stake_Capital_DAO_Light_Paper.pdf"},"insert":"https://github.com/stake-capital/research/blob/master/Stake_Capital_DAO_Light_Paper.pdf"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"2. Stake Capital DAO Powered By Aragon: "},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://medium.com/stakecapital/stake-capital-dao-powered-by-aragon-d1c90ca69307"},"insert":"https://medium.com/stakecapital/stake-capital-dao-powered-by-aragon-d1c90ca69307"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"3. Introducing Stake DAO by Stake Capital: claiming future yield revenue: "},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://medium.com/stakecapital/introducing-stake-dao-by-stake-capital-claiming-future-yield-revenue-7059e0781328"},"insert":"https://medium.com/stakecapital/introducing-stake-dao-by-stake-capital-claiming-future-yield-revenue-7059e0781328"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"4. State of the art of the Staking industry and the place of Stake DAO : "},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://rebase.foundation/post/first-look-stake-dao/"},"insert":"https://rebase.foundation/post/first-look-stake-dao/"},{"insert":"\n\n\n\n"}]}

Activity Feed