Q4 2024 Lido alliance update

Alliance
1

Hi everyone,

As some of you know, a few months ago I began contributing to the Lido Alliance Borg. With that in mind, we’re planning to produce a report on the progress of alliance members and share key highlights. Since this report covers Q4 of 2024 and the next one will be in April 2025 for Q1, I’ll keep this one a bit briefer. However, I plan to include more detailed breakdowns in the Q1 report.

Mellow

  • reached a peak tvl of just under $1B in December.
  • launched two wsteth vaults with HashKey Cloud and InfraSingularity as curators.
  • raised a deposit limit for DVstETH vault in late October. eli5 on DVstETH
  • fine-tuned parameteres for our Automated Liquidity Management product and launched new pools.

Bolt

  1. Holesky v1 Deployment + NO Working Group (bolt/guides/holesky at unstable · chainbound/bolt · GitHub)
  • Succesfully Deployed
  • 30+ teams in Cohort 1
  • 20+ teams testing on Holesky
  1. bolt v0.4.0-alpha Release (Release v0.4.0-alpha · chainbound/bolt · GitHub)
  • Introduced Firewall Delegation
  • Introduced Dynamic Pricing Model
  1. Joined Lido Alliance
  • Collaborating with Lido on Registry design (LST compatabillity)
  1. Research https://research.chainbound.io/
  • Released 3 Articles on Delegation, AA, and Preconf Pricing

Drop

dTIA launch

Drop has launched $dTIA, a liquid staking asset that unlocks staked $TIA, leveraging Interchain Accounts (ICAs) for secure interoperability within Celestia’s modular ecosystem. Through partnerships with projects like Astria, Flame, MilkyWay, Eclipse, Spicenet, Hyperlane, and others, $dTIA is expanding into DeFi, staking, and cross-chain integrations, driving liquidity and innovation across Celestia. More details

On-chain validator referrals

Drop introduced On-Chain Validator Referrals, allowing users to stake with their preferred validators while keeping assets liquid for DeFi use. By using unique referral codes, delegators can direct stakes to specific validators, ensuring network security while benefiting from liquid staking, creating a win-win for users and validators in the Interchain ecosystem. more details

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