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

**Published by:** [AdventureCapitalist](https://paragraph.com/@adventurecapitalist/)
**Published on:** 2024-09-21
**URL:** https://paragraph.com/@adventurecapitalist/introducing-uone-utilitydao-s-liquid-staking-solution-for-harmony

## Content

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: Earn and compound staking rewards Maintain liquidity 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 FeeWallet: 0x1995750b7ebBd5136C16019BF25E1D8248437d02 uONE - ONE LP Pool Address: 0xf107bF192ead0c7B63b09cd727Ec235B23d25938 https://dexscreener.com/harmony/0xf107bf192ead0c7b63b09cd727ec235b23d25938 uONE - USDC LP Pool Address: 0xBecE361005B1711229563114472590db864b1383 https://dexscreener.com/harmony/0xbece361005b1711229563114472590db864b1383 uONE - BTC LP Pool Address: 0x7deF20Ec68c6D970657f789bD6352E68D29e0aB0 https://dexscreener.com/harmony/0x7def20ec68c6d970657f789bd6352e68d29e0ab0 🤖 Smart Contracts StakedOneContract: 0xeD2f209c9FC36C8311BED3D6d73BA19A692376b4 StakedTokenMiner: 0x56C22EC4bdC39f2b950f2792577d40a517005bE3 OnchainValidatorRelay: 0xffB550dCD7d3E7C89B3E85460b30eFA9cAE36b23 Benefits of uONE uONE offers four key advantages: User-Friendly Design: Our dApp makes staking simple and intuitive for harmony users Liquidity in DeFi: Use uONE tokens in various DeFi protocols* while earning and compounding staking rewards Expert Validator Selection: Maximize your rewards with our carefully chosen validators that support the ecosystem Autocompounding: Your staked assets grow automatically, minimizing required interactions. Providing you with a set and forget option💙 Visit utilitydao.one/Compound How uONE Staking Works Connect your wallet to the uONE dApp using your preferred wallet Deposit your ONE tokens into the smart contract on utilitydao.one/uONE Receive uONE tokens representing your staked assets in ONE Start earning rewards and explore DeFi opportunities with your uONE One could opt for Liquidity Providing on swap.country Track total accrued staking rewards and insurance fee growth using this link If you want to unstake your funds Use this link and wait for 7 epochs to unstake your funds 7 epochs currently takes ~7 days Swap your uONE on swap.harmony.one for instant redemption or Swap your uONE on swap.harmony.one 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 Gradual Decentralization Transition to a multisignature wallet consisting of UtilityDAO members and core harmonyprotocol and ecosystem partners ✅Enhanced Transparency: Develop analytics dashboard for real-time performance tracking ✅Develop autocompounding uONE LP Vault on harmony.swap Providing a delta neutral strategy for liquidity providers 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 To start staking your ONE tokens and earning rewards today! 🗣️ Connect With Us: Follow us on Twitter @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

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