Eth2 Deposit Contract

Posted by Staked on Nov 6, 2020 5:06:15 PM

Seeking Yield by Staked - Issue 86: ⛓️ Tracking Eth2, πŸ“ˆ Elrond Mainnet Milestones, βš–οΈ The Graph Network Governance, πŸ“Š Current Staking and Lending Yields, & More

SY

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

⛓️ Tracking Eth2

The purpose of this section is to track the progress of ETH 2.0 development.

  • The highly anticipated Eth2 deposit contract is now live! The Eth2 phase 0 genesis time has been set for December 1st, 2020 at 12pm UTC. 
  • Danny Ryan of the Ethereum Foundation published an Eth2 update.

Our Eth2 offering will be available on the Staked website early next week. If you hold ETH and would like to learn more about staking, please reply directly to this email or submit your information below. 

Learn more:

πŸ‘‰ Contact a Staked representative about staking ETH

πŸ‘‰ Frequently Asked Questions

πŸ‘‰ API documentation for launching lots of validators

πŸ‘‰ Sample code implementing the API


πŸ“ˆ Elrond Mainnet Milestones

The Elrond network has seen tremendous growth over the last few months.
 
ELROND

Some impressive milestones since genesis: 

  • The Elrond mainnet is only 100 days old and has already surpassed 1 million transactions from 40,000 accounts!
  • There are now more than 2,000 validators supporting the Elrond network (10 are operated by Staked!).
  • 50% of the eGold (the native Elrond token) supply is locked for staking with yields between 10% to 36% APR.
  • Launched the Elrond IDE, making it easier than ever to deploy DeFi and Web3 apps to the Elrond blockchain.

We are thrilled to support Elrond and look forward to continued success. Stay tuned for Elrond staking opportunities for Staked customers!

Learn more:


βš–οΈ The Graph Network Governance

The Graph core team recently published an excellent blog post describing The Graph's governance. Per the post, The Graph’s decentralized network will be governed by The Graph Council at launch. 
 
Graph
 
This council will be a 6-of-10 multisig that balances the interests of five core stakeholder groups: Indexers, active token holders, the initial team, users and technical domain experts.
 
Onwards and upwards!

Learn more:

πŸ‘‰ Get in touch with a Staked representative about The Graph Network staking


πŸ“Š Current Staking Yields

Staked currently supports 30+ different proof of stake crypto assets including Cosmos, Polkadot, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, Factom, Iris, Terra, Kava, Cardano, v.systems, Secret Network, Edgeware, and Celo.

Yields 10 23

Learn more:

πŸ‘‰ Get in touch with a Staked representative about getting started!


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, USDC, and BUSD holdings.

RAY 11 6

Learn more:

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“œ Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? 

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!

πŸ‘‰ Find time to speak with someone from the Staked team here.


Subtract (1)

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% 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, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website   Twitter   Telegram   LinkedIn   Blog

Topics: Ethereum, The Graph Network, Seeking Yield, Elrond

ETH2 deposit contract is imminent

Posted by Staked on Oct 30, 2020 5:06:32 PM

Seeking Yield by Staked - Issue 85: ⛓️ Tracking ETH 2.0, 🀝 Audius Builds on Solana, πŸŽ‰ 1,000 tBTC, πŸ“Š Current Staking and Lending Yields, & More

SY

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

⛓️ Tracking ETH 2.0

The purpose of this section is to track the progress of ETH 2.0 development.

  • According to the timeline provided by Danny Ryan of the Ethereum Foundation last week (10/23), the ETH2 deposit contract is expected to go live in approximately one week.

If you hold ETH and would like to learn more about staking, please submit your information below. 

Learn more:

πŸ‘‰ Contact a Staked representative about staking ETH

πŸ‘‰ Our user-facing experience

πŸ‘‰ API documentation for launching lots of validators

πŸ‘‰ Sample code implementing the API


🀝 Audius Builds on Solana

Audius has selected Solana to help scale the network. Over the course of the next year, Audius plans to migrate the Audius content management system (CMS) to the Solana blockchain.
 
Audius Solana-1

πŸŽ‰ 1,000 tBTC

Earlier this week, the number of tBTC on the Ethereum mainnet surpassed 1,000 -  a massive milestone for tBTC and the Keep Network. 
 
tBTC-2
 
Onwards and upwards!

Learn more:

πŸ‘‰ Get in touch with a Staked representative about Keep Network staking


πŸ“Š Current Staking Yields

Staked currently supports 30+ different proof of stake crypto assets including Cosmos, Polkadot, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, Factom, Iris, Terra, Kava, Cardano, v.systems, Secret Network, Edgeware, and Celo.

Yields 10 23

Learn more:

πŸ‘‰ Get in touch with a Staked representative about getting started!


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, USDC, and BUSD holdings.

RAY-2

Learn more:

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“œ Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? 

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!

πŸ‘‰ Find time to speak with someone from the Staked team here.


Subtract (1)

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% 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, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website   Twitter   Telegram   LinkedIn   Blog

Topics: Ethereum, Seeking Yield, NEAR, Solana

Two Weeks...

Posted by Staked on Oct 23, 2020 4:29:24 PM

Seeking Yield by Staked - Issue 84: ⛓️ Tracking ETH 2.0, βœ… NEAR Staking Rewards, πŸ’² USDC on Solana, πŸ“Š Current Staking and Lending Yields, & More

SY

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

⛓️ Tracking ETH 2.0

The purpose of this section is to track the progress of ETH 2.0 development.

  • According to Danny Ryan of the Ethereum Foundation, the ETH2 deposit contract is set to go live in approximately two weeks. 

If you hold ETH and would like to learn more about staking, please submit your information below. 

Learn more:

πŸ‘‰ Contact a Staked representative about staking ETH

πŸ‘‰ Our user-facing experience

πŸ‘‰ API documentation for launching lots of validators

πŸ‘‰ Sample code implementing the API


βœ… NEAR Staking Rewarss

Just one week after the NEAR community voted to enter Phase 2, NEAR Validators completed a major milestone: the upgrade to enable inflationary rewards. Now all NEAR token holders have the opportunity to earn staking rewards from the network.
 
NEAR-1

Onwards and upwards!

Learn more:

πŸ‘‰ Follow the NEAR staking instructions to delegate today!


πŸ’² USDC on Solana

Earlier this week, Solana blockchain become an official chain supporting USDC, continuing the expansion of USDC as an open standard and protocol for fiat digital currency on blockchains. 
 
Solana USDC
 
Please enter your information in the registration form below to register for the webinar.
 
USDC for Solana will open up exciting new possibilities with a new architecture that will enable applications that require much higher throughput and speed.
 

Learn more:

πŸ‘‰ Centre Consortium Announces Solana as Official Chain for USDC 


πŸ“Š Current Staking Yields

Staked currently supports 30+ different proof of stake crypto assets including Cosmos, Polkadot, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, Factom, Iris, Terra, Kava, Cardano, v.systems, Secret Network, Edgeware, and Celo.

Yields 10 23

Learn more:

πŸ‘‰ Get in touch with a Staked representative about getting started!


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, USDC, and BUSD holdings.

RAY-2

Learn more:

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“œ Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? 

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!

πŸ‘‰ Find time to speak with someone from the Staked team here.


Subtract (1)

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% 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, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website   Twitter   Telegram   LinkedIn   Blog

Topics: Ethereum, Seeking Yield, NEAR, Solana

NEAR is here βœ…

Posted by Staked on Oct 16, 2020 5:18:06 PM

Seeking Yield by Staked - Issue 83: ⛓️ Tracking ETH 2.0, βœ… NEAR Mainnet Phase II, πŸ–₯️ Earning with BTC and ETH Webinar, πŸ“Š Current Staking and Lending Yields, & More

SY

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


⛓️ Tracking ETH 2.0

The purpose of this section is to track the progress of ETH 2.0 development.

  • There were more than 150k ETH deposited to Zinken by 4,800 validators.
  • The phase 0 mainnet deposit contract will be released during the next couple of weeks. The deposit contract will be open for ~3-4 weeks, followed by the mainnet chain genesis sometime around November.

If you hold ETH and would like to learn more about staking, please submit your information below. 

Learn more:

πŸ‘‰ Contact a Staked representative about staking ETH

πŸ‘‰ Our user-facing experience

πŸ‘‰ API documentation for launching lots of validators

πŸ‘‰ Sample code implementing the API


βœ… NEAR Mainnet Phase II

Earlier this week, NEAR Protocol validators and token holders voted to advance the network into its final stage of MainNet. The shift to Phase II means three important things for the network: 1) permissionlessness 2) voting 3) decentralization
 
NEAR

We are thrilled to support NEAR at Staked!

Learn more:

πŸ‘‰ Follow the NEAR staking instructions to delegate today!

πŸ‘‰ The NEAR MainNet is now Unrestricted and Decentralized


πŸ–₯️ Earning with BTC and ETH Webinar

On Wednesday, October 21, 2020 at 12 pm EST, Jonathan Marcus, Staked Co-founder & COO, will be hosting an Earning with BTC and ETH Webinar. Jonathan will be doing a deep dive on several different ways to earn a yield on ETH and BTC.
 
Please enter your information in the registration form below to register for the webinar.

Learn more:

πŸ‘‰ Earning with BTC and ETH Webinar


πŸ“Š Current Staking Yields

Staked currently supports 30+ different proof of stake crypto assets including Cosmos, Polkadot, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, Factom, Iris, Terra, Kava, Cardano, v.systems, Secret Network, Edgeware, and Celo.

Yields 10 16

Learn more:

πŸ‘‰ Get in touch with a Staked representative about getting started!


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, USDC, and BUSD holdings.

RAY 10 16

Learn more:

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“œ Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? 

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!

πŸ‘‰ Find time to speak with someone from the Staked team here.


Subtract (1)

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% 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, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website   Twitter   Telegram   LinkedIn   Blog

Topics: Ethereum, Seeking Yield, NEAR, Bitcoin

Staked Launches Kyber Rewards Claiming and Reporting

Posted by Staked on Aug 28, 2020 3:53:47 PM
 
Staked announced today the release of Kyber rewards claiming and reporting for KNC delegates of Staked’s Kyber stakepool. KNC stakers currently earn 65.3% of the fees generated from trading on the Kyber Network, or approximately 350 ETH per 2 week epoch period, in exchange for voting on governance proposals.

Staked Kyber

To set up Kyber rewards claiming and reporting, create a Staked account here. Next, click on Kyber from the token grid on the Setup Reporting page, and add the ETH public address used to delegate voting power to the Staked stakepool in the address input field. After clicking on the Add button, you will be redirected to Staked’s Reporting Summary.

If you already have a Staked account and are logged in, hover over the person icon in the upper right hand navigation, click on Holdings from the drop-down, and then add the ETH public address used to delegate to Kyber in the token grid. 

To claim your rewards for Epoch 1, 2 and 3, click on the Claim button for the corresponding epoch. When claiming rewards, make sure you are connected to the ETH address used for delegation to Staked, or the claim rewards transaction will fail. Rewards for epochs 1 - 3 will each need to be claimed separately.

Equally as importantly, we recently deployed an upgraded stakepool that enables delegates to claim rewards for all outstanding epochs in a single rewards claim transaction to save on gas costs.

To delegate to the upgraded stakepool, visit http://kyber.org, click on My Stake in the upper right hand navigation, and enter the following ETH address in the Delegate’s ETH Address field and click on the Delegate button:

0xe2Db444968A9D01F3473c065b8ece86838F0D8e5

Please make sure to update your delegation to the new stakepool before Epoch 4 ends on September 7th, 2020. Staked will stop voting and claiming on the old stakepool on this date.

** For details on how redelegation will impact your rewards (for the epoch in which you redelegate), please refer to the Kyber team’s walk through examples on voting power. In summary, you will not be eligible to earn rewards for the one epoch in which you redelegate. You will earn rewards by voting for the following epoch (n +1), and will be able to claim rewards for that epoch and all epochs going forward.        


Staked Logo

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% β€” 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

Topics: Ethereum, Kyber Network, DeFi, KNC

Staked Launches Kyber Rewards Claiming and Reporting

Posted by Staked on Aug 28, 2020 3:52:13 PM
KyberStaked announced today the release of Kyber rewards claiming and reporting for KNC delegates of Staked’s Kyber stakepool. KNC stakers currently earn 65.3% of the fees generated from trading on the Kyber Network, or approximately 350 ETH per 2 week epoch period, in exchange for voting on governance proposals.

Staked Kyber

To set up Kyber rewards claiming and reporting, create a Staked account here. Next, click on Kyber from the token grid on the Setup Reporting page, and add the ETH public address used to delegate voting power to the Staked stakepool in the address input field. After clicking on the Add button, you will be redirected to Staked’s Reporting Summary.

If you already have a Staked account and are logged in, hover over the person icon in the upper right hand navigation, click on Holdings from the drop-down, and then add the ETH public address used to delegate to Kyber in the token grid. 

To claim your rewards for Epoch 1, 2 and 3, click on the Claim button for the corresponding epoch. When claiming rewards, make sure you are connected to the ETH address used for delegation to Staked, or the claim rewards transaction will fail. Rewards for epochs 1 - 3 will each need to be claimed separately.

Equally as importantly, we recently deployed an upgraded stakepool that enables delegates to claim rewards for all outstanding epochs in a single rewards claim transaction to save on gas costs.

To delegate to the upgraded stakepool, visit http://kyber.org, click on My Stake in the upper right hand navigation, and enter the following ETH address in the Delegate’s ETH Address field and click on the Delegate button:

0xe2Db444968A9D01F3473c065b8ece86838F0D8e5

Please make sure to update your delegation to the new stakepool before Epoch 4 ends on September 7th, 2020. Staked will stop voting and claiming on the old stakepool on this date.

** For details on how redelegation will impact your rewards (for the epoch in which you redelegate), please refer to the Kyber team’s walk through examples on voting power. In summary, you will not be eligible to earn rewards for the one epoch in which you redelegate. You will earn rewards by voting for the following epoch (n +1), and will be able to claim rewards for that epoch and all epochs going forward.        


Staked Logo

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% β€” 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

Topics: Ethereum, Kyber Network, DeFi, KNC

Joining The Graph Network as a Node Operator

Posted by Staked on Aug 28, 2020 10:40:55 AM
Banner-2

Staked is excited to announce that we have joined the The Graph Network incentivized testnet as a node operator. Enabling internet applications that are entirely powered by public infrastructure, The Graph has become the backbone of the burgeoning Ethereum and DeFi ecosystem. Today, a number of projects have built out subgraphs including Uniswap, RAY, Aave, Synthetix, ENS, and more.

The Graph Network decentralizes the query and API layer of Web3, removing a tradeoff dApp developers struggle with today: whether to build an application that is performant or to build an app that is truly decentralized.

Staked is currently participating in The Graph Network incentivized testnet, Mission Control. The testnet is designed to help validate economic design, test security, network capacity and indexer performance in the protocol. In Mission Control, indexers operate Graph Nodes and stake GRT to index and serve blockchain data, curators signal on subgraphs and stake GRT to indicate to Indexers which subgraphs are high-quality and should be indexed, and node operators compete as indexers that are rewarded based on contribution.

The Graph

Staked is supported by a highly available and secure backend infrastructure. We use Kubernetes to distribute across five clouds with automated failover, and have never been slashed or had extended downtime in 3 years of operating POS blockchain nodes. Our technical infrastructure has been audited by security and DevOps teams at the leading protocols, exchanges, and custodians. 

Stay updated with GRT staking: https://staking.staked.us/graph-staking 



Staked Logo

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% β€” 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

Topics: Ethereum, DeFi, The Graph Network

Staked Joins Chainlink as an Oracle Node Operator

Posted by Staked on Aug 12, 2020 8:22:32 AM
Chainlink Banner

Staked is excited to announce that we have joined the Chainlink network as an oracle node operator. Staked's Chainlink node is live and actively providing reliable data feeds to over 25 DeFi applications built on Ethereum. We bring over three years of blockchain industry experience and provide secure backend infrastructure to power our Chainlink Node, further decentralizing and improving the security of the Chainlink Network. To view the Staked Chainlink oracle node operator, please visit the following link

Chainlink is a decentralized oracle network that enables smart contracts to securely and reliably access off-chain data providers, web APIs, on-chain randomness, enterprise systems, cloud networks, IoT devices, payment systems, other blockchains, and much more. By doing so, smart contracts can use external data to trigger their on-chain logic, as well as send outputs to traditional systems such as executing a bank payment.

The Chainlink protocol provides high availability and tamper-resistance to the delivery of off-chain data to the smart contract, as well as hardens data sourcing against any single source manipulation. Chainlink is the leading provider of highly secure and reliable oracle infrastructure to large enterprises (Google, Oracle, and SWIFT), leading DeFi dApps (Aave, Synthetix, and Bancor), and numerous layer-1 protocols (Ethereum, Tezos, Polkadot / Substrate).

Chainlink

Regarding supporting Chainlink, Tim Ogilvie, Staked Co-founder & CEO, said, "Oracles have become critical infrastructure within the smart contract tech stack, allowing smart contracts to interface with real-world data and traditional infrastructure. Chainlink has emerged as the market leader in oracles for the DeFi ecosystem and beyond. Staked is excited to take part in this next evolution of smart contracts by operating as a Chainlink node operator to help further decentralize the network.” 

Staked is supported by a highly available and secure backend infrastructure. We use Kubernetes to distribute across five clouds with automated failover, and have never been slashed or had extended downtime in 3 years of operating POS blockchain nodes. Our technical infrastructure has been audited by security and DevOps teams at the leading protocols, exchanges, and custodians. 



Staked Logo

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% β€” 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

About Chainlink

If you’re a developer and want to connect your smart contract to off-chain data and systems, visit the developer documentation and join the technical discussion on Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.

Chainlink is a general-purpose framework for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.

Website | Twitter | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi

Topics: Ethereum, DeFi, Chainlink

Minimum SNX Delegation for Synthetix Rewards Management Service

Posted by Staked on Jul 22, 2020 2:41:23 PM

Due to the sharp increase in gas prices on the Ethereum network, Staked has implemented a minimum SNX delegation requirement of 2,000 staked SNX for our Synthetix rewards claiming and c-ratio management service effective today, Wednesday July 22nd.

Currently, Synthetix rewards must be claimed once per week. For each delegate, Staked runs 2 - 3 transactions. One to fix the c-ratio if it’s in penalty, one to claim rewards, and one to re-stake SNX rewards. At the current gas prices, each transaction can cost as much as .04 ETH, or $10, making the claim process as much as .12 ETH or $30 per week per delegate. Unfortunately, this makes the process uneconomical for lower value transactions. Paying materially more in gas costs to claim rewards than the rewards are actually worth simply isn’t viable.

As of today, all new delegates must be staking at least 2,000 SNX via Mintr in order to delegate to Staked. Staked will continue to claim rewards and manage the c-ratio for existing delegates with less than 2,000 SNX staked for the next two cycles ending on Wednesday July 29th and August 5th, respectively. The last cycle for which Staked will claim on behalf of existing delegates with less 2,000 SNX staked ends on Wednesday August 5th.

We encourage existing delegates with less than 2,000 SNX to undelegate all permissions (rewards claiming + re-staking) starting on Thursday August 6th to ensure they are ready to claim rewards themselves for the claim period ending on Wednesday August 12th. No action will be taken on accounts with less than 2,000 SNX that don’t undelegate, but no rewards will not be claimed either.

To un-delegate, please visit https://staked.us/v/synthetix, uncheck both permissions (claim rewards and re-stake rewards), click on Save Changes to initiate a MetaMask transaction, and confirm the transaction to broadcast it to the Ethereum network.

Staked is exploring the possibility of developing a pooled system for SNX rewards management that will accommodate holders with less SNX. 

Un-delegation Details

  • Staked will stop claiming rewards for delegates with less than 2,000 staked SNX after the claim period ending on August 5th. Delegates with less than 2,000 staked SNX are encouraged to undelegate all permissions starting on Thursday August 6th.
  • No action will be taken on accounts with less than 2,000 SNX that don’t undelegate, but no rewards will be claimed on their behalf by Staked either. Delegates will need to start claiming rewards via Mintr for the period ending on Wednesday August 12th.

Topics: Ethereum, Synthetix

RAY Upgrade: Gas fees down 75% and ERC-20 compatible

Posted by Staked on Jul 9, 2020 4:47:27 PM

RAY recently got an upgrade! We've converted RAY to the ERC-20 standard, had those changes audited by Trail of Bits, and are now rolling it out.

Frame 8.7

Use RAY today: https://staked.us/v/robo-advisor-yield

Below please find some Frequently Asked Questions and technical details regarding the upgrade. 

Why was RAY upgraded?

  • To create a better user experience, reduce gas fees, and make RAY more interoperable with other yield generating opportunities in DeFi. 

What should I expect from RAY in the future?

  • AMM integrations, such as Uniswap, Curve, and Bancor 
  • Additional automated capture of liquidity incentives. RAY already captures and accounts for COMP. We'll add any other liquidity incentives as they launch. Learn more about how RAY handles Liquidity Incentives.
  • New lending opportunities, such as USDT.

What do I do if I have existing ERC-721 RAY tokens?

  • Nothing! This upgrade is backwards compatible and your existing ERC-721 RAY tokens will continue to function as intended. If you wish to change them to the new version, you should withdraw your current RAY and mint a new one from the deposit page.
What can I do with the new ERC-20 RAY tokens?
  • Easily transfer your RAY tokens between Ethereum wallets.
  • (Coming Soon) Earn additional yield on ERC-20 RAYs by supplying liquidity to various Automated Market Makers (AMMs)
  • As an added benefit, RAY now uses ~75% less gas for minting and withdrawals.
How do I create a new RAY token?
  • Select β€œOpen a New RAY” from the Minting & Managing page. Choose an asset to supply (ETH, DAI, USDC, and BUSD) and then the corresponding platforms to lend to. Click β€œDeposit Funds” to mint a new RAY! You can now view your RAY tokens through β€œManage Existing RAYs.”  

We are thrilled to continue to make it easy than ever to earn the highest yield available on USDC, DAI, ETH, and other crypto assets across yield-generating DeFi opportunities.



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About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% β€” 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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Topics: Ethereum, RAY

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