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Innovative Liquid Staking Protocol with Enhanced Rewards #49
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It‘s not fully fulfilled yet. |
🏦 OutStakeNot Only Native Yield Stake Protocol Outstake is a protocol entirely built around native yield tokens, introducing the first non-USD stablecoin model tied to native yield rates. Compared to other yield token protocols in the market, such as Pendle, Outstake offers greater flexibility, enhanced composability, and provides higher returns along with multiple sources of income. The assets supported by Outstake form the foundational support for the Outrun ecosystem, providing a stable base for the entire system. Specifically, Outstake operates as follows: A New Staking Model Based on Native Yield Tokens: Outstake adopts a unique design that allows users to control the native yield generated by their assets. Through Outstake, users can mint Principal Tokens (PT) by staking their assets, thereby unlocking liquidity for their staked assets and utilizing these tokens across a range of DeFi applications. Native Yield Stablecoin (also YT): The value of the native yield stablecoin is directly tied to the native yield rate. The economic model built around it offers stakers higher income and multiple sources of revenue. It is highly composable, allowing developers to create new products around it, thereby enriching the Outrun ecosystem. Position Option Tokens: These option tokens represent the right to redeem the native yield token at the end of its lock-up period. This option allows users to trade for a fixed interest rate without trading the PT itself, thereby enhancing capital efficiency. The difference between Outstake and PendleCurrently, Pendle is the most popular native yield staking protocol on the market. Here’s a comparison of Outstake and Pendle, highlighting the advantages of Outstake and the problems it addresses:
Why choose Outstake?
Outstake introduces a new staking model based on native yield tokens, allowing users to control the native yield generated by their assets. Users can mint Staked Tokens to release liquidity for their staked assets and use them in various DeFi applications.
Outstake has designed a new algorithmic stablecoin tied to the yield rate, diverging from traditional USD-pegged stablecoins. The economic model built around this stablecoin provides stakers with higher returns and multiple sources of income compared to traditional LSD protocols and yield token protocols.
The YT in Outrun offers high composability, allowing developers to build new products based on YT, thereby enriching the Outrun ecosystem.
POT represents the redemption rights of native yield tokens at the end of the lock-up period. Through POT, users can trade for fixed-rate rights without directly trading PT itself, improving capital efficiency.
Outstake offers flash loan functionality, providing stakers with higher yield potential from their native yield tokens. |
Main Objectives/Goals:
Increase the liquid staking APY and provide additional benefits to users through enhanced MEV rewards, restaking, and liquid restaking. This will be a comprehensive, one-stop staking service that captures all the benefits from the ecosystem.
Challenge Description:
Ethereum has proven the success of liquid staking with over $46B in TVL. As one of the top blockchains, BNBChain is proactively promoting staking and liquid staking, currently with < $1B in TVL. MEV solution is enabled and adopted by 30+ validators, and some builders are actively working in this direction. This is expected to increase the staking APY by 5% to 10%.
At the same time, Restaking protocols like Karak and Binlayer have already launched on BNBChain, which will provide robust infrastructure for secure and efficient restaking of BNB. With these layers in place, BNBChain is fundamentally prepared to enhance and simplify the experience of liquid staking, restaking, and liquid restaking.
This innovative liquid staking layer will function as both the liquidity and aggregator layer for the entire staking service, streamlining and enhancing the overall staking experience.
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