⛓️ Seeking Yield by Staked - Issue #19

⌛️ Algorand Mainnet Launches June 19th, 🤝 Terra Partners With Payment App CHAI, 📈 May 2019 Lending Snapshot, 🎙️ Listen to Staked Live, 📊 Current Staking and Lending Yields, & More

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

⌛️ Algorand Mainnet Launches June 19th

The Algorand mainnet is schedule to launch with the first of a series of Singapore-based Dutch Auctions on June 19, 2019 at 6 PM SGT (6 AM EST).

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, sign up here or email us at staked@staked.us.

🤝 Terra Partners With Payment App CHAI

Terra recently announced a partnership with CHAI, a newly launched Korean mobile payment service. CHAI is currently available on TMON , a leading Korean eCommerce platform with 10 million users and $3.5 billion in Gross Merchandise Value. Furthermore, CHAI has already partnered with 15 major local banks.

CHAI provides payment gateway infrastructure that enables fraud-resistant transactions and convenient settlement with merchants in fiat. Through integrating Terra with CHAI, merchants are able to pay discounted rates.

CHAI is available in the iOS Apple store and Google Play Store.

Read more about the partnership in the full announcement here.

To delegate your LUNA to Staked, please use the following address:


To learn more about delegating LUNA to Staked, visit our website or read the guide.

📈 May 2019 Lending Snapshot

The number of digital assets borrowed via open lending protocols (Compound, Dharma, dYdX, and MakerDAO) in May increased 75.3% month over month to $59.2 million.

All in the month of May, DAI reached peak daily trading volume of $15 million, dYdX launched an exchange and experienced massive growth, and Compound v2 went live.

Chart 1:

There were three open lending protocols that saw $10 million or more of borrowing volume during May. It will be interesting to watch these figures grow as the ecosystem evolves and new protocols / products enter the market.

Chart 2:

Open lending monthly borrows breezed by the $50 million mark during May. Borrows via open lending protocols in May exceeded the sum of April and March figures. Next stop, $100 million of monthly borrows via open lending protocols!

Chart 3:

Compound v2 is off to an impressive start, reaching an all-time high amount of assets borrowed on the platform - $7.4 million. USDC saw substantial borrowing interest on Compound, reaching nearly $700K in the month of May.

Chart 4:

dYdX experienced absolutely staggering growth in May, as the amount of assets borrowed on the platform increased more than 2,500% month over month. With almost $13 million borrowed during May, Dai was by far the most popular asset during the last month.

Read the full report by Bloqboard here!

🎙️ Listen to Staked Live!

📊 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), and IRIS Network (IRIS).

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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