⛓️ Seeking Yield by Staked - Issue #25

📈 Genesis Capital Lending Surges in Q2, 💰 MakerDAO Bug Bounty Program, ⚖️ Tezos Babylon Proposal Injected, 🧪 Real World Assets in DeFi Credit Facilities, & 📊 Staking and Lending Yields

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


📈 Genesis Capital Lending Surges in Q2

According to data published by Genesis Capital earlier this week, the company’s crypto-related lending business is absolutely booming!

Loans denominated in fiat or the dollar-pegged stablecoins doubled quarter over quarter to roughly $186 million. This segment of the business, better known as “cash” lending, was introduced in quarter four of last year and now accounts for just less than 25 percent of the firm’s outstanding loans.

Let’s take a look at some data:

At the end of 2018, Genesis forecasted: “Momentum trading, expedited short settlement, basis trading, and cash lending will all be key drivers of lending growth in 2019.” The firm has recently noted that the past two quarters confirmed this prediction and it is looking forward to continued growth for the rest of year.

Learn more:

👉 Digital Asset Lending Snapshot - Q2 Insights - 2019


💰 MakerDAO Bug Bounty Program

With multi-collateral Dai (MCD) approaching, the Maker Foundation recently released an overview of the current security roadmap. A public version of the bug bounty program has now officially been released, though select researchers were invited to a private version of the bug bounty program in June.

The MCD security roadmap consists of four parallel tracks: 

  1. An extensive Bug Bounty Program hosted in collaboration with HackerOne

  2. Formal Verification of the smart contracts

  3. Independent third-party Security Audits by leading auditors in the industry

  4. An Integration Partner Program to test MCD in collaboration with close partners in a realistic environment. 

Currently, the program awards $50,000 for discovery of a bug classified as Critical, in addition to smaller rewards for High-, Medium-, and Low-severity bugs.

Learn more:

👉 MCD Bug Bounty Announcement and Security Roadmap Update

👉 HackerOne program page


⚖️ Tezos Babylon Proposal

Babylon, the third on-chain vote to amend Tezos, has been conceptualized. If successful, Babylon would result in a migration from the current protocol. Babylon is the work of Cryptium Labs, Marigold, and Nomadic Labs.

The proposal seeks changes to Tezos including:

  • A new variant of our consensus algorithm, Emmy+, that is both more robust and simpler to analyze

  • Many new Michelson features which have been eagerly awaited by Tezos smart contract developers and designers of higher level languages

  • An account re haul that establishes a clear distinction between accounts (tz1, tz2 and tz3) and smart contracts (KT1)

  • Refinements to the quorum formula and a new 5% proposal quorum

Thus, the protocol continues to amend itself, as intended.

Learn more:

👉 Babylon: Proposal Injected!

👉 The Voting Process


🧪 Real World Assets in DeFi Credit Facilities

Fluidity recently introduced the Tokenized Asset Portfolio (TAP), a standard model to enable real world assets to be pledged as collateral in decentralized credit facilities, including the MakerDAO multi-collateral Dai system.

Fluidity has executed a pilot transaction to demonstrate how the TAP works, pledging U.S. Treasuries as collateral in a collateralized debt position on the Kovan testnet.

This experiment is one of the first to bridge legacy finance with the emerging decentralized financial ecosystem.

Learn more:

👉 Tokenized Asset Portfolios Whitepaper

👉 Introducing The Tokenized Asset Portfolio — A Model to Leverage Real World Assets in DeFi Credit Facilities

👉 Fluidity TAP Token on Github


📊 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).

Orbs and Solana are a few of the next chains we will be supporting.

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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