⛓️ Seeking Yield by Staked - Issue #21

🛠️ MakerDAO Multi-Collateral Dai Details, 📈 KKR Legend Henry Kravis Invests in ParaFi Capital, ✅ Harmony Mainnet Enters Phase 1, 🌐 Loom Network Gets Added to DappRadar, & More

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


🛠️ MakerDAO Multi-Collateral Dai Details

MakerDAO recently published two blog posts on Multi-Collateral Dai: one on roadmap milestones and another on collateral types for the new system.

The MakerDAO team has made tremendous progress with Multi-Collateral Dai over the past few months. As MCD moves closer to launch, the MakerDAO community will play an imperative role in the success of the system. Below are a few governance milestones outlined in the first blog post:

  • Publication of the Collateral Onboarding Guide and Application Form

  • Conduction of a Governance Poll to determine which tokens from the shortlist MKR token holders want the Interim Risk Team to evaluate first

  • Release of a Risk Framework document published by the Maker Foundation Interim Risk Team

As highlighted by the latter blog post, the following collateral types are currently being considered by MKR token holders for the risk team to evaluate: Augur (REP), Basic Attention Token (BAT), DigixDAO (DGD), Ether (ETH), Golem (GNT), OmiseGo (OMG), and 0x (ZRX).

Which of the aforementioned crypto assets do you think would best serve as collateral for MCD?

Learn more:

👉 Multi-Collateral Dai: Milestones Roadmap

👉 Multi-Collateral Dai: Collateral Types


📈 KKR Legend Henry Kravis Invests in ParaFi Capital

Henry Kravis, co-founder of KKR & Co., has invested in the flagship fund of ParaFi Capital, a San Francisco-based crypto fund founded by Ben Forman. ParaFi manages ~ $25 million and aims to reach $100 million by the first quarter of 2020.

Regarding the matter, Ben Forman, Founder & CIO of Parafi Capital, said:

“While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the firm did not provide the optimal format to do so. Instead of pursuing crypto at KKR, I wanted to build the KKR of crypto.”

Bain Capital Ventures and Dragonfly Capital Partners are among other high-profile investors in ParaFi’s fund, and also have invested in ParaFi’s management company. 

Salil Deshpande, partner at Bain Capital Venture, described ParaFi as “well positioned to capitalize on some misunderstood investment opportunities” and said some liquid crypto assets “present asymmetric return opportunities’’.

Staked is a proud partner of ParaFi Capital. We are extremely excited to be building the future of decentralized finance together!

Learn more:

👉 KKR’s Henry Kravis Invests in Crypto Fund

👉 Billionaire Investor Henry Kravis Makes First Crypto Investment

👉 Henry Kravis invests in crypto-oriented fund launched by former employee


✅ Harmony Mainnet Enters Phase 1

This morning, June 28, 2019, at 8 AM PST, the Harmony mainnet entered Phase 1 of its full release schedule. Staked is thrilled to be securing the Harmony network as a foundational node!

The three phases of the Harmony mainnet are as follows:

There are a number of technical innovations that differentiate Harmony from other scaling approaches including fast-BFT consensus, view-change protocol, state synchronization.

It is undoubtedly an exciting time to be supporting the Harmony network, especially as more network participants enter the ecosystem and the pie grows!

Learn more:

👉 Harmony — Day ONE Mainnet

👉 Harmony’s Staking and Incentive Design

👉 Submit a request if you are interested in staking your Harmony Tokens


🌐 Loom Network Gets Added to DappRadar

Loom Network has officially been added to DappRadar, a provider of information and insights about decentralized applications across different protocols.

According to DappRadar, Loom Network has seen roughly 500k transactions in the past seven days - incredible!

There are a number of interesting decentralized applications in the Loom Network ecosystem including CryptoWars, Axie Infinity, and Relentless TCG.

Learn more:

👉 Loom Network on DappRadar

👉 Delegating LOOM to Staked

👉 Loom Network / LOOM Staking Guide


📊 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).

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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