Liquid Staking. https://twitter.com/DeStakeHQ
Liquid Staking. https://twitter.com/DeStakeHQ

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Proof of stake is the most important innovation since crypto began over a decade ago. It solves for scalability and sustainability without sacrificing security, and will drive the mainstream adoption of web3.
PoS Networks are the blockchains of the future due to being exponentially more scalable and environmentally friendly; however, they rely on the active participation of thousands of users all over the world to remain decentralised and secure.
Currently, an alarming amount of staking power is coming from centralized exchanges. This poses a threat to the decentralisation of these proof of stake blockchains because exchanges could collude and manipulate the networks to their benefit. Exchanges are currently a more user friendly option because they bypass any lock-up periods and allow users to trade, lend, or otherwise use (within the exchange platform) the tokens while they are staked.
This is why we are creating DeStake.
DeStake offers users more benefits than staking on a centralized exchange while keeping networks secure and decentralized. In addition, synthetic staking unlocks 100% of the value currently locked in staking networks thus solving the liquidity crisis, where billions of dollars in staked assets are inefficiently allocated.
DeStake is an open and permissionless protocol for synthetic staking tokens which represent the native staked tokens, but are fully liquid and can be used across the entire ecosystem, thus providing a great advantage over closed, exchange based staking where any liquid staking tokens are restricted to that specific platform.
When you stake on an exchange you receive liquidity but it is trapped within that exchange. With DeStake you can use your synthetic tokens anywhere in DeFi just like the native token.
Web3 users should not have to choose between generating excess yield (in DeFi) or securing blockchains and earning staking rewards. DeStake let’s you do both and double-dip in the rewards.
How DeStake Works
Users stake native tokens with any staking wallet UI which supports the DeStake protocol. They then receive synthetics equivalents at a 1:1 ratio (i.e stake 1,000 GRT and receive 1,000 sGRT). These synthetic tokens can be used across DeFi and still earn staking rewards. At any time users can burn their synthetics to retrieve the native token or simply swap them for the native or any token of their choice on uniswap to avoid any unbonding or lock-up periods for unstaking the native assets.
We’re launching with GRT and then supporting ETH2. More networks will follow.
Follow DeStake on Twitter to stay up to date.
Proof of stake is the most important innovation since crypto began over a decade ago. It solves for scalability and sustainability without sacrificing security, and will drive the mainstream adoption of web3.
PoS Networks are the blockchains of the future due to being exponentially more scalable and environmentally friendly; however, they rely on the active participation of thousands of users all over the world to remain decentralised and secure.
Currently, an alarming amount of staking power is coming from centralized exchanges. This poses a threat to the decentralisation of these proof of stake blockchains because exchanges could collude and manipulate the networks to their benefit. Exchanges are currently a more user friendly option because they bypass any lock-up periods and allow users to trade, lend, or otherwise use (within the exchange platform) the tokens while they are staked.
This is why we are creating DeStake.
DeStake offers users more benefits than staking on a centralized exchange while keeping networks secure and decentralized. In addition, synthetic staking unlocks 100% of the value currently locked in staking networks thus solving the liquidity crisis, where billions of dollars in staked assets are inefficiently allocated.
DeStake is an open and permissionless protocol for synthetic staking tokens which represent the native staked tokens, but are fully liquid and can be used across the entire ecosystem, thus providing a great advantage over closed, exchange based staking where any liquid staking tokens are restricted to that specific platform.
When you stake on an exchange you receive liquidity but it is trapped within that exchange. With DeStake you can use your synthetic tokens anywhere in DeFi just like the native token.
Web3 users should not have to choose between generating excess yield (in DeFi) or securing blockchains and earning staking rewards. DeStake let’s you do both and double-dip in the rewards.
How DeStake Works
Users stake native tokens with any staking wallet UI which supports the DeStake protocol. They then receive synthetics equivalents at a 1:1 ratio (i.e stake 1,000 GRT and receive 1,000 sGRT). These synthetic tokens can be used across DeFi and still earn staking rewards. At any time users can burn their synthetics to retrieve the native token or simply swap them for the native or any token of their choice on uniswap to avoid any unbonding or lock-up periods for unstaking the native assets.
We’re launching with GRT and then supporting ETH2. More networks will follow.
Follow DeStake on Twitter to stay up to date.
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