Seeking Yield by Staked - Issue #11
Staked Partners With Celsius Network, Cosmos Governance Proposals 4 & 5, Introducing a New dYdX, Algorand Testnet Opens To The Public, Open Positions at Staked, & Current Staking and Lending Yields
This is the eleventh issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.
🎉 Staked Partners With Celsius Network
Staked has partnered with Celsius Network, a blockchain-based lending platform, to provide staking infrastructure starting with Dash. Since launching in July 2018, Celsius has funded over $630M in loans and currently has $50M AUM.
This partnership gives Celsius users the option to stake Dash and eventually other crypto assets supported by Staked.
Regarding the partnership, Alex Mashinsky, CEO of Celsius Network, said:
“Celsius’ partnership with Staked represents a collaboration between two best-in-class providers.” He added, “Celsius is committed to providing its community reliable, professional, compliant services. Many other platforms don’t make this a priority or consideration for their operations. Celsius provides its users peace of mind that they’re doing business with a company whose primary motivation is protecting its community.”
Visit the Celsius Network website to learn more!
⚛️ Cosmos Governance Proposals 4 & 5
Two new Cosmos governance proposals were submitted this past week, bringing the total number of governance proposals since launch to five.
The fourth proposal lays out a first step towards enabling fungible token issuance on the Cosmos Hub.
The fifth proposal outlines an expedited upgrade to the Cosmos Hub at block 500,000 on April 22, 2019 at 5 PM GMT.
Please share your thoughts about these proposals with us via our ZenDesk. We will launch our UI for voting later this quarter — stay tuned!
Read our Cosmos / ATOM Staking Guide for more on Cosmos!
🚨 Introducing a New dYdX Product
dYdX, an open trading platform for crypto assets, recently announced a new product that has entered Alpha on mainnet.
The new dYdX product features trading on margin with up to 4x leverage, borrowing and lending with no minimums or lock up periods, and portfolio management tools.
dYdX has engineered entirely new smart contracts that are both simpler and more powerful than the V1 contracts that powered expo, dYdX’s margin trading platform.
The new smart contracts have been audited by both Zeppelin Solutions and Bramah Systems, with no significant security issues found.
Read more about the new dYdX in the full post by Antonio Juliano here!
🚀 Algorand Testnet Opens To The Public
In a push to bring businesses, developers, and users to the platform, Algorand recently announced that its testnet is now open to the public at large.
Previously, access to the testnet had been limited to several hundred participants including Staked. After positive feedback and the release of the Go, JavaScript, and Java SDKs, the TestNet binaries have been opened up.
Visit the developer site for more information about getting started. Read the full blog post here!
We look forward to supporting Algorand upon mainnet launch — sign up!
💼 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.
📊 Current Staking Rewards
Staked currently supports Cosmos (ATOM), Horizen (ZEN), Loom Network (LOOM), Decred (DCR), Tezos (XTZ), Livepeer (LPT), Dash (DASH), EOS (EOS), and Factom (FCT).
Have questions about staking and your strategy? 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!
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 Twitter, LinkedIn, or tell your friends and colleagues.