June 2020 recap — Stay updated with Staked monthly updates!

This update covers our progress at Staked during June.

This past month...

Chain Updates

• Launched support for the Polkadot mainnet. Details on Polkadot staking
• Provisioned a number of validators on the ETH 2.0 Onyx testnet. Details on ETH staking
• Continued to prepare as a genesis validator for the SKALE mainnet launch. Details on SKALE staking
• Continued to prepare for the Coda mainnet by running on the incentivized testnet. Details on Coda staking
• Participated in the Solana Tour de SOL in preparation for the Solana staking launch. Details on Solana staking
• Continued to prepare for the NEAR unrestricted mainnet launch. Details on NEAR staking
• Prepared for the NuCypher mainnet and WorkLock by running on the testnet. Details on NuCypher staking

More Updates

• Upgraded RAY so that depositors get all the benefits of supplying funds to the underlying protocols, including any liquidity incentives. Details on RAY incorporating liquidity incentives

To get in touch with the Staked team about getting started, please reach out to sales@staked.us.

📊 Current Yields

📊 Robo-Advisor for Yield (RAY) Snapshot

If any of the above interests you or you would like to learn more, please find time to speak here or reach out to the team at sales@staked.us.

We look forward to continuing to provide our customers with best-in-class staking and lending infrastructure.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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The purpose of Validator Views is to provide updates and information regarding proof of stake chain progress, timelines, and more. 

Kyber Network Update - July 7, 2020

• The Kyber Network Katalyst Protocol upgrade and KyberDAO are both now live. With this upgrade, KNC holders can now stake their tokens on the KyberDAO and govern the protocol by voting on important proposals and parameters, while earning rewards (in ETH) for their efforts. KNC holders can delegate the power to vote to Kyber Network stake pools.
• KNC holders who want to stake their tokens, but don’t have the time to participate regularly in voting in every epoch can delegate their voting power to a 3rd-party ‘pool’ operator to vote on their behalf. Staked operates a non-custodial pool to make this process easy.
• Currently, 65% of the exchange fees will be allocated to voting rewards, 30% to reserve rebates and 5% to KNC burning. KNC holders will be responsible for voting on the fee allocation parameters going forward.

Please contact a Staked representative to learn more about Kyber Network staking!

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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The purpose of Validator Views is to provide updates and information regarding proof of stake chain progress, timelines, and more. 

SKALE Update - July 1, 2020

• Phase one of the SKALE mainnet went live yesterday, June 30, 2020. Phase one is a restricted mainnet that will not have any bounty, transfers, or active issuance.
• Phase two does not have an official launch date yet. Phase two will launch following the token sale. The network will run in a delegated state with no token liquidity, but issuance and bounty will be live and distributed to token holders that are staking and securing the network. At this point, validators that completed onboarding and successful participation in the testnet will be running the network.
• The network will open up in entirety to all developers, and validators as soon as it is feasible during Phase 3.  Following the 90 Day Proof of Use Period, the network will turn into an open state where tokens that are unlocked can be transferred and exchanged. Phase three does not have an official date yet.

Please contact a Staked representative to learn more about SKALE staking!

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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TLDR: RAY depositors get all the benefits of supplying funds to the underlying protocols, including any liquidity incentives.

Compound recently changed their distribution model, adding “liquidity incentives”. Suppliers to Compound now earn both interest and COMP, Compound’s governance token. COMP has proved highly attractive, making the COMP portion of the yield very meaningful for liquidity suppliers.

We wanted to make it clear how RAY handles these incentives. RAY depositors get all the benefits of supplying funds to the underlying protocols, including any liquidity incentives.

RAY’s allocation models now account for the incremental yield generated by liquidity incentives. RAY adds the current value of the COMP earned by suppliers to its interest rate estimates, allocating to the highest overall yield. RAY will collect and sell that COMP via a DEX, adding it to the yield earned by RAY depositors. Initially this will happen weekly. We will later upgrade RAY contracts to happen more regularly.

Liquidity incentives seem here to stay. Market makers Curve and Balancer recently launched a similar program, and there are rumors that other prominent DeFi protocols will introduce similar programs. RAY will seamlessly determine the overall yield associated with your deposits, ensuring that your funds are always deposited with the highest yielding option.

We’ve made two other big changes: converting RAY tokens to the ERC-20 standard and reducing gas costs significantly. Next up: integrations with your favorite automated market makers, allowing you to earn both lending yield and trading fees simultaneously.

Join the conversation in the RAY Discord Channel!

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

The purpose of Validator Views is to provide updates and information regarding proof of stake chain progress, timelines, and more. 

Polkadot Update - June 18, 2020

• The Polkadot nominated proof of stake (nPoS) network went live earlier today. Staking rewards are now enabled and you can choose validators (choose us!).
• During this phase, the active validator set will increase from 20 to 100 validator nodes.
• Transfers are expected to be enabled in early July.

Please contact a Staked representative to learn more about Polkadot staking!

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

Scheduled Maintenance Update

RAY is getting an upgrade! We've converted RAY to the ERC-20 standard, had those changes audited by Trail of Bits, and are getting ready to roll it out. 

As a result, RAY (Robo-Advisor for Yield) will be undergoing scheduled maintenance on June 18, 2020. Safety of user funds is our priority, so while this upgrade should take 2-3 hours, it could take as long as 12 hours. You can still view your tokens, but minting, depositing, and withdrawing will be paused during this period.

For questions, please reach out in the RAY Discord Channel.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

May 2020 recap — Stay updated with Staked monthly updates!

This update covers our progress at Staked during May.

This past month...

Chain Updates

• Launched support for the Keep Network mainnet. Details on Keep Network staking
• Launched our Synthetix Delegation Service, which automates the entire process of SNX reward claiming, re-staking, and c-ratio management. Details on the Synthetix Delegation Service
• Received the Liveness Reward based on our contributions to the Cosmos Game of Zones. Details on Cosmos staking
• Announced support for Matic Network. Details on Matic Network staking
• Prepared for the Polkadot mainnet launch by continuing to run on Kusama and the Polkadot testnet. Details on Polkadot staking
• Continued to prepare for the NuCypher mainnet and WorkLock by running on the testnet. Details on NuCypher staking

More Updates

• Partnered with imToken to bring RAY (Robo-Advisor for Yield) to one of the leading mobile wallets. Details on using RAY from imToken

To get in touch with the Staked team about getting started, please reach out to sales@staked.us.

📊 Current Yields

📊 Robo-Advisor for Yield (RAY) Snapshot

If any of the above interests you or you would like to learn more, please find time to speak here or reach out to the team at sales@staked.us.

We look forward to continuing to provide our customers with best-in-class staking and lending infrastructure.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

SNX stakers earn inflation funded SNX rewards for staking and transaction fees in sUSD from the Synthetix exchange. However, rewards expire if they aren’t claimed manually during the claimable period. And in order to collect rewards, stakers need to maintain a target collateral ratio (c-ratio) by managing their debt balance.

Today, Staked is launching a delegation service that automates the entire process of reward claiming, re-staking and c-ratio management. Using the recently deployed SIP 10 for Upgraded Delegate Powers, the delegation service automatically claims staking rewards, re-stakes to maximize compounding, and issues or burns debt to ensure c-ratios remain above the target.

The entire rewards and c-ratio management process is non-custodial. All rewards are claimed directly to the delegator’s address. sUSD debt can only be issued or burned to maintain the target c-ratio. Additionally, delegation provides SNX stakers with a better security model since they won’t need to connect online anymore to claim rewards or adjust the c-ratio, and SNX funds can remain in cold storage.

To delegate rewards management to Staked, please visit the Synthetix Delegation Dashboard.

Using the Synthetix Delegation Dashboard

1. Visit Staked’s Synthetix Delegation Dashboard and connect a wallet with your SNX hodlings. 

2. Upon connecting your wallet for the first time, your SNX holdings and sUSD debt will populate within 15 minutes. Select one or both permissions and click delegate. If you are returning to your dashboard, you will be taken directly to step #3.

3. Congratulations! You should now see your holdings, c-ratio, claimed rewards, debt level, and permissions.

Please note that SNX holders will still need to use the Synthetix Mintr application for SNX staking, and the Synthetix Exchange for active debt management. To learn more about managing debt in the Synthetix Network, please read the following guide. For Synthetix rewards reporting, SNX stakers need to sign up for a Staked account. 

Have questions? Get in touch with a Staked representative here or visit our landing page for FAQs.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

RAY (Robo-Advisor for Yield) is now supported by imToken, one of the leading crypto asset wallets.

imToken is a feature-rich digital wallet that supports ETH, DAI, USDC, and a number of other digital assets. imToken offers a powerful DApp browser and built in DEX.

This post will provide an overview of how to use RAY from imToken. 

Using RAY with imToken

1. Download the imToken app and open the DApp browser by selecting the "Browser" button at the bottom of the page. 

2. Search for RAY, Robo-Advisor for Yield, RAY, or https://staked.us/v/robo-advisor-yield/ in the DApp Browser.

3. You will now be directed to the RAY landing page. Select the Deposit button and follow the RAY UI to get started.

Have questions? Get in touch with a Staked representative here or visit our landing page for FAQs.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

April  2020 recap — Stay updated with Staked monthly updates!

This update covers our progress at Staked during April.

This past month...

Amidst everything going on, Staked continues to provide reliable infrastructure to compound crypto through staking and lending. Stay safe everyone!

Chain Updates

• Continued to run on the Keep Network testnet in preparation for the Keep Network and trustless Bitcoin (tBTC) mainnet launch. The Keep Network contracts were deployed on April 27th. Details on Keep Network staking
• Launched support for the Celo mainnet. Details on Celo staking
• Continued to prepare for the launch of the beacon chain with staking in phase 0 by running on the Prysm and now Schlesi testnet. Details on ETH staking
• Prepared for the Polkadot mainnet launch by continuing to run on Kusama and testing. Details on Polkadot staking
• Continued to prepare for the NuCypher mainnet and WorkLock. Details on NuCypher staking

To get in touch with the Staked team about getting started, please reach out to sales@staked.us.

📊 Current Yields

📊 Robo-Advisor for Yield (RAY) Snapshot

If any of the above interests you or you would like to learn more, please find time to speak here or reach out to the team at sales@staked.us.

We look forward to continuing to provide our customers with best-in-class staking and lending infrastructure.

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. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram