# Introducing uONE: UtilityDAO's Liquid Staking Solution for Harmony🌊💙

By [AdventureCapitalist](https://paragraph.com/@adventurecapitalist) · 2024-09-21

---

UtilityDAO introduces **uONE**, a new liquid staking solution for Harmony ONE.

Live from **22/9/2024**, uONE revolutionizes the way Harmony users can stake and utilize their ONE tokens.

What is uONE?
-------------

uONE is a liquid staking token that allows ONE holders to:

1.  Earn and compound staking rewards
    
2.  Maintain liquidity
    
3.  Participate in other DeFi protocols using staked assets
    

Our solution bridges the gap left by Tranquil (stONE), offering a seamless staking experience with added benefits.

**uONE Token Address:** [0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4](https://explorer.harmony.one/token/0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4?shard=0)

**FeeWallet**: [0x1995750b7ebBd5136C16019BF25E1D8248437d02](https://explorer.harmony.one/address/0x1995750b7ebBd5136C16019BF25E1D8248437d02?shard=0)

**uONE - ONE LP Pool Address:** [0xf107bF192ead0c7B63b09cd727Ec235B23d25938](https://explorer.harmony.one/address/0xf107bF192ead0c7B63b09cd727Ec235B23d25938?shard=0)

[https://dexscreener.com/harmony/0xf107bf192ead0c7b63b09cd727ec235b23d25938](https://dexscreener.com/harmony/0xf107bf192ead0c7b63b09cd727ec235b23d25938)

**uONE - USDC LP Pool Address:** [0xBecE361005B1711229563114472590db864b1383](https://explorer.harmony.one/address/0xBecE361005B1711229563114472590db864b1383)

[https://dexscreener.com/harmony/0xbece361005b1711229563114472590db864b1383](https://dexscreener.com/harmony/0xbece361005b1711229563114472590db864b1383)

**uONE - BTC LP Pool Address:** [0x7deF20Ec68c6D970657f789bD6352E68D29e0aB0](https://explorer.harmony.one/address/0x7deF20Ec68c6D970657f789bD6352E68D29e0aB0)

[https://dexscreener.com/harmony/0x7def20ec68c6d970657f789bd6352e68d29e0ab0](https://dexscreener.com/harmony/0x7def20ec68c6d970657f789bd6352e68d29e0ab0)

**🤖 Smart Contracts**

*   **StakedOneContract**: [0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4](https://explorer.harmony.one/address/0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4?shard=0)
    
*   **StakedTokenMiner:** [0x56C22EC4bdC39f2b950f2792577d40a517005bE3](https://explorer.harmony.one/address/0x56C22EC4bdC39f2b950f2792577d40a517005bE3?shard=0)
    
*   **OnchainValidatorRelay:** [0xffB550dCD7d3E7C89B3E85460b30eFA9cAE36b23](https://explorer.harmony.one/address/0xffB550dCD7d3E7C89B3E85460b30eFA9cAE36b23?shard=0)
    

Benefits of uONE
----------------

uONE offers four key advantages:

1.  **User-Friendly Design**: Our dApp makes staking simple and intuitive for harmony users
    
2.  **Liquidity in DeFi**: Use uONE tokens in various DeFi protocols\* while earning and compounding staking rewards
    
3.  **Expert Validator Selection**: Maximize your rewards with our carefully chosen validators that support the ecosystem
    
4.  **Autocompounding**: Your staked assets grow automatically, minimizing required interactions. Providing you with a set and forget option💙
    
    1.  Visit [utilitydao.one/Compound](https://utilitydao.one/Compound)
        

How uONE Staking Works
----------------------

1.  Connect your wallet to the [uONE dApp](https://utilitydao.one) using your preferred wallet
    
2.  Deposit your ONE tokens into the smart contract on [utilitydao.one/uONE](https://utilitydao.one/uONE)
    
3.  Receive uONE tokens representing your staked assets in ONE
    
4.  Start earning rewards and explore DeFi opportunities with your uONE
    
    1.  One could opt for Liquidity Providing on [swap.country](https://swap.country)
        
5.  Track total accrued staking rewards and insurance fee growth using [this link](https://staking.harmony.one/portfolio/mainnet?explore=one1l764phxh60nu3xe7s4rqkv80489wx6ermjdwms)
    
6.  If you want to unstake your funds
    
    1.  Use [this link](https://utilitydao.one/uONE) and wait for 7 epochs to unstake your funds
        
        1.  7 epochs currently takes ~7 days
            
    2.  [Swap your uONE on swap.harmony.one](https://swap.harmony.one/#/swap?outputCurrency=0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4) for instant redemption or Swap [your uONE on swap.harmony.one](https://dexscreener.com/harmony/0xbece361005b1711229563114472590db864b1383) instantaneously for USDC
        

UtilityDAO Team Experience
--------------------------

The UtilityDAO team has:

*   Worked in crypto for 2+ years
    
*   Deep involvement in the Harmony community since day one
    
*   A track record of deploying user-centric smart contracts
    
    *   ✅ Recovery Tracker
        
    *   ✅ Token Creator
        
    *   ✅ Ecosystem Landscape
        
    *   ✅ Token Burner
        
    *   ✅ Independent Smart Contract Token Interface
        

Key Features
------------

*   Industry low 3% fee on staking rewards
    
*   User profit maximization
    
*   Expert validator selection
    
    *   Kratos
        
    *   Legion
        
    *   Repegging Validator
        
    *   EasyNode
        
*   Autocompounding uONE with staking rewards
    
*   Insurance / Risk Fund
    

Unique Aspects
--------------

*   Fills gap left by Tranquil (stONE)
    
*   Potential liquidity pool incentives
    
*   Possible airdrops to protocol treasury and uONE holders
    

Goals
-----

*   0️⃣: 0.5 million ONE staked
    
*   1️⃣: 1 million ONE staked
    
*   2️⃣: 5 million ONE staked
    
    *   Potential cross-chain restaking with Layerzero
        

We prioritize protocol and user profits over decentralization to showcase growth potential. After reaching our second goal, next steps will be determined to scale growth.

Future Plans
------------

1.  **Gradual Decentralization**
    
    *   Transition to a multisignature wallet consisting of UtilityDAO members and core harmonyprotocol and ecosystem partners
        
2.  **✅Enhanced Transparency**:
    
    *   Develop analytics dashboard for real-time performance tracking
        
3.  **✅Develop autocompounding uONE LP Vault on harmony.swap**
    
    1.  Providing a delta neutral strategy for liquidity providers
        
4.  **Explore LayerZero restaking**
    

Fees
----

*   **No transaction fees.**
    
*   **No deposit fees\***
    
    *   **\*0.5% minting fees on the intial deposit to create an insurance fund that will be turned off after target 2 has been reached.**
        
*   **3% fee on collected staking rewards.**
    

The protocol fee funds infrastructure upgrades and increases Protocol Owned Liquidity \[POL\].

The treasury will use a multi-sig wallet with at least 2/3 signatures required that are all managed by the core UtilityDAO team.

Get Started with uONE!
----------------------

Ready to start earning rewards on your Harmony ONE tokens? Don't miss out on this opportunity to maximize your crypto assets.

🌊 **Use Our dApp**:

[https://utilitydao.one/uONE](https://utilitydao.one/uONE)

To start staking your ONE tokens and earning rewards today!

🗣️ **Connect With Us**: Follow us on Twitter [@1utilitydao](https://twitter.com/1utilitydao) for the latest updates, announcements, and community discussions.

Join the UtilityDAO community and experience the future of liquid staking on Harmony ONE. Together, we're revolutionizing DeFi one epoch at a time!

**One love! 💙 expect more updates from us in the coming weeks 👇**

✅ \[22/9/24\] Initial launch without marketing efforts launched, organic traction

✅ \[5/10/24\] 100k ONE has been staked with uONE providing a 🚀 start!

✅ \[26/10/24\] Estimated uONE received and ONE received for staking or unstaking is visible in the User Interface

✅ \[26/10/24\] 150k ONE has been staked with uONE, 1.0072 ONE per uONE ratio

✅ \[13/11/24\] 200k+ ONE has been staked with uONE, 1.0113 ONE per uONE ratio

✅ \[23/12/24\] 216k+ ONE has been staked with uONE, 1.0216 ONE per uONE ratio

✅ New Analytics dashboard

✅ LP Vaults

📝 Twitter Livestream

📝 Telegram Channel / Community Integration

---

*Originally published on [AdventureCapitalist](https://paragraph.com/@adventurecapitalist/introducing-uone-utilitydao-s-liquid-staking-solution-for-harmony)*