📢 Introducing the Staked Partner Program, 🎉 Algorand Mainnet Launches With First Auction, 📈 June Community Update by Terra, ⚙️ TF Issues Grant to The Marigold Project, 📊 Yields, & More
|Jun 21||Public post|
This is the twentieth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.
📢 Introducing the Staked Partner Program
We are pleased to introduce the Staked Partner Program, making it easy to earn staking rewards for referring delegates to Staked. Partners earn 50% of Staked’s rewards for the three months post delegation, and 25% for the next nine months on all qualified referrals.
Are you active or well-connected in the crypto community, have relationships with larger holders of crypto assets, or operate a crypto-focused newsletter or website?
With $2.5BN in annual staking rewards expected by the end of 2019, the Staked Partner Program offers an ideal opportunity to share in the rewards.
More information about the Staked Partner Program is available here.
Sign up here and start earning crypto today!
🎉 Algorand Mainnet Launches With First Auction
The Algorand mainnet officially launched on June 19, 2019 at 6 PM SGT (6 AM EST) with the first of a series of Singapore-based Dutch Auctions.
A quarter of one percent of the Algo supply was sold in the first auction at an estimated final price of $2.40, raising $60 million in just over three and a half hours.
Staked has been selected by the Algorand Foundation as one of the four approved relay and participation node operators for staking Algos.
Staking Algos is non-custodial and node operators cannot spend your Algos. Staked pays 90% of the block rewards to stakeholders, does not charge for the unvested portion of your holdings, and offers the industry’s only 100% SLA on block production. There are no slashing penalties in the Algorand consensus protocol.
If you are interested in having Staked operate relay and participation nodes on your behalf, email us at email@example.com.
📈 June Community Update by Terra
Terra has made substantial progress in 2019. Chai, a new mobile payment app integrated with Terra, has seen massive success in its short life.
To quantify the aforementioned statement about Chai, here are a few figures:
Number of cumulative users: 75k
Daily active users (DAU): 15k
Cumulative transaction volume: 1.5 billion KRW (1.3 million USD)
Daily transaction volume: 200 million KRW (170k USD)
Furthermore, Chai became the 4th and 13th most popular apps in the finance category on the AppStore and Google Play, respectively. Chai additionally managed to surpass KakaoPay, a local Korean digital payments leader, on both charts.
Aside from the success of Chai, Terra recently implemented a vesting rule change that is intended to drastically reduce price uncertainty.
Read more about the progress Terra is making in the full community update here.
To delegate your LUNA to Staked, please use the following address:
⚙️ Tezos Foundation Issues Grant to The Marigold Project
In a push to support smart contract languages to increase the accessibility of Tezos and attract more developers, the Tezos Foundation has issued a grant to The Marigold Project. The Marigold Project supports the development of LIGO, a statically typed high-level language for writing Tezos smart contracts, and Marigold, a plasma-like layer-2 scaling implementation for Tezos.
The primary focus of Marigold is to make the development experience as frictionless to attract a wide range of developers to build Marigold-powered applications. Down the line, Marigold will integrate privacy-preserving features and make the protocol less interactive (or non-interactive) mechanisms such as recursive zk-snarks or state channels.
Read more about the grant here!
🌐 Facebook Announces Libra, Calibra, + Move
In case you missed it, Facebook has officially released details about it’s cryptocurrency Libra, along with the digital wallet Calibra and new programming language Move.
According to the white paper, Libra is made up of three parts that will work together to create a more inclusive financial system:
It is built on a secure, scalable, and reliable blockchain
It is backed by a reserve of assets designed to give it intrinsic value
It is governed by the independent Libra Association tasked with evolving the ecosystem.
LibraBFT, the consensus algorithm employed by the new crypto network, belongs to the class of classical BFT consensus algorithms with other consensus algorithms like HotStuff, pBFT, and Tendermint.
To learn more about Libra and other facets of this initaitve, read the Libra White Paper.
📊 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), IRIS Network (IRIS), and Algorand (ALGO).
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.
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.