⛓️ Seeking Yield by Staked - Issue #18

✅ Terra Upgrades to Columbus-2, 📢 Algorand Foundation Announces First Auction Date, 🔬 Dai By The Numbers, 🔊 Listen to Tim Ogilvie on Base Layer, 💻 CryptoOracle PoS Webinar, & more

This is the eighteenth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


Terra Upgrades to Columbus-2

Nearly 45 days after the launch of Terra Columbus-1, the network has successfully completed it’s first hard fork, upgrading to Columbus-2.

The Staked Terra validator smoothly transitioned to Columbus-2 and was up to sign the genesis block of the new chain, as displayed below.

To delegate your LUNA to Staked, please use the following address:

terravaloper1h6rf7y2ar5vz64q8rchz5443s3tqnswrpf4846

To learn more about delegating LUNA to Staked, visit our website or read the guide.


📢 Algorand Foundation Announces First Auction Date

The Algorand Foundation has just announced that it will hold the first in a series of Singapore-based Dutch Auctions on June 19, 2019 at 6PM Singapore Standard Time.

For the first auction, 25 million Algos will be available at a starting price of $10.00 USD and a reserve price of $0.10 USD. The auction will last for 4,000 blocks (5 hours or so), with all bids posted to and processed from the Algorand blockchain. Algos will only be distributed upon auction completion. Participants that are unsatisfied with their purchase of Algos may return their Algos back to the foundation one-year post-purchase, at up to 90 percent of the value paid.

More information about the auction can be found here.

Staked is excited to be supporting Algorand's upcoming mainnet launch. If you're an early investor that wants to run participation and/or relay nodes, reach out


🔬 Dai By The Numbers

MakerDAO recently published a brilliant blog post in collaboration with Beneath, which highlights a number of notable Dai statistics. The following four visualizations exemplify the prolific growth that Dai is experiencing.

Chart 1:

With more than 15,000 active monthly addresses holding more than one Dai, active monthly Dai addresses are at an all-time high. Furthermore, these ~ 15K holders were responsible for transferring 1.4 billion Dai in the month of May!

Chart 2:

While decentralized lending is becoming more prominent and currently accounts for 13% of Dai activity, decentralized cryptocurrency exchange is still the top use for Dai. Cryptocurrency exchange accounts for roughly 70% of total Dai transfers and volume.

Chart 3:

Not only is the number of Dai held in major Dapps increasing at significant rate, but the number of major Dapps holding material amounts of Dai is also increasing.

Chart 4:

As of June 6, 2019, 325 million Dai had been generated through the Maker protocol. Of this figure, 243 million Dai have been repaid. Additionally, there are 82 million outstanding Dai, collateralized by approximately $450 million worth of ETH.

Read the full blog post here!


🔊 Listen to Tim Ogilvie on Base Layer

Tim Ogilvie recently joined David Nage of Arca on the Base Layer podcast to discuss staking as a service, the competitive landscape, the current and potential size of the market, Ethereum 2.0, and more!

Base Layer is available on iTunes and Spotify, among others. Thanks, David & Arca!


💻 CryptoOracle Proof of Stake Webinar

Join Tim Ogilvie, Medha Parlikar & Mrinal Manohar of CasperLabs, and Jacob Arluck of Tocqueville Group on June 18, 2019 at 1:00 PM for a proof of stake-focused webinar hosted by CryptoOracle.

The webinar will cover the advantages and disadvantages of proof of stake, market outlook, layer one protocol opportunities, and more.

If you interested, sign up here!


📊 Current Staking Yields

Staked currently supports Cosmos (ATOM), Terra (LUNA), Horizen (ZEN), Loom Network (LOOM), Tezos (XTZ), Livepeer (LPT), Dash (DASH), EOS (EOS), Factom (FCT), Decred (DCR), and IRIS Network (IRIS).

Have questions? Find time to speak here.

Sign up here for more on staking with Staked!


📊 Current ETH Lending Yields

There are both on-chain and off-chain crypto asset lending solutions.

Below are various crypto asset lending solutions and annual ETH lending yields.

Sign up here to learn more about lending with Staked!


💼 We are hiring!

Staked is growing and always searching for new talent! We are currently looking for:

Reach out if you are interested or know someone that would be a good fit!

Visit our careers page to learn more.


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.

If you enjoy Seeking Yield or are a fan of what we are building at Staked, give us a shout on TwitterLinkedIn, or tell your friends and colleagues.

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