⛓️ Seeking Yield by Staked - Issue #28
🤝 Staked to Support Perlin, 🔬 Solana’s Proof of History, 💱 Checker by Arthur Breitman, 📈 Substantial DeFi Ecosystem Growth, 📜 NEAR Protocol Randomness Beacon, and 📊 Staking & Lending Yields
|Staked||Aug 16, 2019|
This is the twenty-eighth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.
🤝 Staked to Support Perlin
Perlin, a high-speed ledger powering WASM smart contracts, will be supported by Staked upon mainnet launch in early 2020.
Perlin previously raised $50 million from leading crypto funds including Arrington XRP Capital, FBG Capital, BlockTower Capital, and Global Brain.
Vincent Zhou, founder of FBG Capital, recently commented in a press release that both Staked and Perlin are inviting more people into crypto.
“I believe their immense contributions to the space will raise up the entire ecosystem,” Zhou said. “Staked by making staking dead easy for investors and Perlin by vastly simplifying smart contract and dApp development with ground-breaking WebAssembly support.”
Tim Ogilvie, Staked CEO, additionally told CoinDesk:
“On Perlin, we were attracted by a big vision that we think has strong real-world potential. It’s also important that we support our customers’ investments. Many of the Perlin investors are existing customers of ours.”
We look forward to supporting Perlin upon mainnet launch!
🔬 Solana’s Proof of History
The core innovation of Solana is Proof of History, a proof of historical events that creates a historical record that proves an event has occurred at a specific moment in time.
While other blockchains require validators to communicate in order to agree that time has passed, each Solana validator maintains its own clock by encoding the passage of time in a simple SHA-256, sequential-hashing verifiable delay function (VDF).
Thus, the Solana data structure chains messages together, which provides a cryptographic proof of the relative order and time of each message in the historical record. This ultimately enables the network to ignore local clocks and gradually accommodate all potential network delays as the data structure is eventually delivered and re-assembled. Brilliant!
We are thrilled to be participating in Tour de SOL, the Solana incentivized testnet!
💱 Checker by Arthur Breitman
Arthur Breitman, Co-creator and Founder of Tezos, recently published some details regarding Checker, a new Tezos-based project he is working on involving a stablecoin. Arthur described the project as in late-ish design stages, early-ish implementation stages.
In the recently published FAQs, Breitman describes Checker as a software project implementing financial logic designed to help stabilize the value of a cryptographic coin with respect to an externally provided index.
The FAQs also highlight that the closest existing project to Checker is MakerDAO, though there are a number of important design differences. For instance, there is no reliance on a global settlement mechanism, and the terms under which collateral is pledged are more flexible.
The Tezos DeFi ecosystem is growing quickly, as projects like Checker and others continue to the building towards an open financial system.
📈 Substantial DeFi Ecosystem Growth
Alethio recently published several data visualizations that brilliantly display the growth of the decentralized finance (DeFi) ecosystem over the last few months.
The DeFi ecosystem has clearly seen some substantial growth recently, as the amount of activity seen by DeFi smart contracts continues to trend upwards.
What will the DeFi ecosystem look like at this time next year?!
📜 NEAR Protocol Randomness Beacon
The abstract of the paper reads:
“We present a randomness beacon scheme that is unpredictable and unbiasable for as long as more than 1/3 of participants follow the protocol, is live for as long as 2/3 of participants follow the protocol, doesn’t depend on verifiable delay functions and doesn’t require distributed key generation. The disadvantage of the approach is O(n 3 ) network overhead.”
The paper goes on to discuss how the distributed randomness beacon is a construction that allows n participants to continuously create random numbers with the following properties:
1. Unpredictable - No participant should be able to predict the resulting number or reason about any properties of it before the number is created.
2. Unbiasable - No participant should be able to influence the resulting number in any way.
We are proud supporters of NEAR Protocol and look forward to helping token holders stake at mainnet launch.
📊 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), Terra (LUNA), 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!
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.