⛓️ Seeking Yield by Staked - Issue #27

🗓️ Staked August 2019 Update, ✅ Livepeer Surpasses 50% Participation Target, 📜 Solana Tour de SOL Dry Run #2, 📈 Terra Project Santa Initiative, 📢 Algorand 200MM Algo Rewards Program, & More

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

🗓️ Staked August 2019 Update

We recently published our August 2019 monthly update covering our progress over the past month. We are thrilled to share what we have been working on with the community, as we have been heads down building and growing the business.

This past month, Staked:

  • Participated in the successful Algorand mainnet launch

  • Launched support for Orbs and joined the Solana Tour de SOL testnet

  • Expanded reporting capabilities and added API support across all of our chains

  • Launched an API for yield information, allowing publishers and affiliates to publish real-time yield & staking data

  • Added key staking and financial metrics to our yields page

  • Began Trail of Bits audit for our RAY (Robo-Advisor for Yield) smart contract

We look forward to continuing to provide our customers with best-in-class staking and lending infrastructure. Stay tuned for more updates!

Learn more:

👉 Staked August 2019 Update

✅ Livepeer Surpasses 50% Participation Target

As of round 1442, the Livepeer staking participation rate has officially surpassed the target rate set at protocol genesis of 50%. Launching just more than one year and three months ago, this is a major milestone for the Livepeer network.

As previously written by Doug Petkanics, Founder of Livepeer, in a blog post:

“If the participation rate is greater than the participationTarget, then the inflation rate decreases by inflationChange.”

In other words, inflation will now slowly begin creeping down, as the current participation rate exceeds the target rate.

Learn more:

👉 Livepeer participation rate passes 50%!

👉 What happens when the 50% participation target is reached?

👉 Livepeer primer

👉 Delegate LPT to Staked!

📜 Solana Tour de SOL Dry Run #2

Solana recently ran the second dry run for the Tour de SOL incentivized test net. This dry run took place approximately two weeks after the first dry run.

Primary changes between the first and second dry runs include a fix to the UDP packet issue, an update to ensure the PoH recorder immediately flushes virtual ticks immediately, and a modification to the staking setup configuration.

Overall parameters remained extremely similar to those of the first dry run. Solana expects this to remain relatively consistent until the end of Stage 0.

Parameters for Tour de SOL Dry Run 2:

  • Three Solana nodes were used to boot the cluster, with 28 validators external validators expected to join shortly thereafter

  • All nodes received 1 SOL to start with, recommendation was to stake 50% of that (matching the Solana nodes)

  • GPUs not required as the goal was to sustain an idling cluster and not send a large volume of transactions

  • All nodes used the latest pre-release, v0.18.0-pre0

In total, 11 issues were filed as a result of the second dry run. Of the 11 issues identified, the main blocker before the next dry run is this issue. The Solana team intends to have most, if not all, other issues fixed before the next dry run.

Learn more:

👉 Tour de SOL Dry Run #2 Debrief

👉 Get notified when Solana staking launches!

📈 Terra Project Santa Initiative

Terra has recently introduced Project Santa, a bot that distributes donations to network stakeholders in order to subsidize block rewards. To initiate this effort, the Terraform Labs validators (Ghost, Goliath, Marine, & Wraith) have agreed to seed Project Santa with 21.6MM Luna tokens to be distributed over the next year.

Project Santa results in an ~ 10% staking yield on the 216 million tokens currently staked. Like other block rewards, these tokens will be distributed pro-rata to the amount of Luna delegated.

Ghost, Goliath, Marine, and Wraith have additionally agreed to commit up to 100MM Luna tokens over the next five years for future block reward subsidies, in the case that block rewards fail to become competitive with the industry standard.

The Santa bot went live on August 8th, 2019, and will remain operative until the Terra community no longer requires it.

Learn more:

👉 Terra Santa - Motivation

👉 Delegate Terra Luna to Staked

📢 Algorand 200MM Algo Rewards Program

The Algorand Foundation has recently announced a staking rewards program to reward those who share the vision for long-term success of the Algorand network.

The 200 million Algos in the reward pool will be distributed over the course of four 6-month periods for a total of two years on the dates listed below.

The entire staking reward pool is fixed and will be distributed on a stake-weighted basis. Rewards will be distributed only to remaining qualifying participants at the end of each 6-month period.  

Thus, this new staking rewards program is intended to encourage participation and support to the growth of Algorand.

Learn more:

👉 200 Million Algo Staking Rewards Program

👉 Staked Algorand with Staked

📊 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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