Stakeall Finance is a fully decentralised non custodial DeFi platform focused on building DeFi strategies. DeFi strategies are basically series of DeFi actions wrapped in a single transaction. These innovative DeFi strategies opens a new gateway for users to participate in DeFi with better returns and minimal opportunity cost
Where are we currently?
We have launched beta version on Ethereum Mainnet with below mentioned strategies.
Leverage Staking: This strategy allows user to use funds as collateral to borrow from lending protocols, swap them at best exchange rate in desired token and stake it to POS protocols in a single transaction. Platform enables user to compare interest rates and swap amount across various assets.
Read more about this strategy here in below blog:
Platform currently supports staking of MATIC and GRT. We are working on building ETH staking strategy with Lido.
Lido ETH staking strategies with Stakeall Finance
1. Leverage staking of ETH: This strategy allows users to borrow ETH from Aave by collateralising any other asset like WBTC. Borrow ETH will be staked to Lido protocol and received stETH will be added to liquidity pools like Balancer, Curve or Yearn vaults.
Whole strategy will be executed in a single transaction. This will greatly increase user-experience of staking to Lido.
Below diagram demonstrate the Leverage staking of ETH using Lido Protocol.
Similar kind of strategies will be implemented:
1. Leverage staking of ETH + Add liquidity to curve 2. Leverage staking of ETH + Yearn Vault
2.Swap and Stake Strategy:
This strategy enhances the user experience by allowing user to buy ETH for staking.
Users can use any token to buy ETH from decentralised exchanges and stake it to Lido in one go.
3. Research and Experiment on cross chain staking: Lastly with this grant we would want to research cross chain staking of ETH. This will allow users with ETH on side chains like Polygon, Fantom, Avalanche etc to participate in Lido staking. Idea is to basically bridge back ETH from L1/L2/side chains using crosschain bridges like Connext, hop.exchange etc. Extended part of this research would also include evaluating leveraging(borrowing) part to L2 chain like Matic and Avalanche and move ETH using bridge for staking in Lido.
A grant of $35,000 is being requested from the Lido Ecosystem Grant Organization for the development, testing, auditing and deployment work for building ETH staking strategies using Lido.