Ike is proud to announce the official launch of its Liquid Staking Token (LST), sA0, on Aleph Zero. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards.

What Is sA0?

sA0 is Ike’s native Liquid Staking Token, designed to enhance the staking experience on Aleph Zero. With sA0, users can stake their AZERO tokens to support network security and earn rewards, all while keeping their assets liquid. This means they can use sA0 tokens across Aleph Zero’s ecosystem, unlocking new opportunities for participation and growth. Meaning, sA0 empowers users to “stake and use” at the same time.

sA0 Benefits

• Liquidity Meets Rewards: Users receive sA0 tokens in exchange for their staked AZERO, enabling them to stay liquid while continuing to earn rewards.
• Smooth Integration: sA0 seamlessly integrates with Aleph Zero’s growing DeFi ecosystem, creating more utility and value for stakers.
• Stronger Network Security: By encouraging greater participation in staking, sA0 supports the overall security and resilience of the Aleph Zero network.

Building Toward Progressive Decentralization

The launch of sA0 is a significant step in Ike’s roadmap toward progressive decentralization. Ensuring most of the slots are open for permissionless entry when governance live, Ike launched with 7 initial validators including Deutsche Telekom & STC Bahrain. As part of this journey, Ike will soon introduce community-driven governance features, including permissionless validator registration, initially scaling to have 30 slots with a fully transparent on-chain bonding process. This will enable a dynamic and competitive validator ecosystem, with the community playing a central role in decision-making.

Stephen Novenstern, Founder at Ike, commented:

“The mainnet launch of sA0 marks an exciting moment for both Ike and the Aleph Zero community. sA0 offers a powerful tool for staking while maintaining liquidity, and it’s just the beginning of our commitment to building a decentralized, community-driven ecosystem.

From the inception of the Ike Project, we wanted to build a Liquid Staking Protocol that wouldn’t just unlock staked liquidity; we wanted to put the Ike DAO in control of what percentage each Validator gets, and for it to be permissionless to get on the [Validator Registry] list.”

What’s Next?

With sA0 now live, Ike invites the Aleph Zero community to explore the benefits of liquid staking. In the coming months, Ike will focus on expanding the utility of sA0 within the ecosystem and rolling out governance features that further empower the community to shape its future. Users can see more in the Ike Docs here.

About Ike

Ike is the home of the sA0 Liquid Staking Protocol smart contracts live on Aleph Zero WASM. Together with the community, validators, and other builders in the ecosystem, they are fundamentally reshaping the network, delivering liquidity at the base layer, composable rewards, increasing participation and ultimately enhancing network security.

Drawing inspiration from the Japanese art of Ikebana, Ike is committed to fostering a harmonious and resilient ecosystem. By providing users with flexibility and liquidity in their staking journey, Ike empowers the Aleph Zero community to unlock the full potential of their assets while contributing to the network’s growth and stability.

Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Ike Discord community and following on Twitter.

Contact

Director of Growth
Alexios Konstantinidis
Ike
hello@ike.xyz

The post Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero appeared first on Times Tabloid.

clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP.

What is BNB.xyz?

With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features like strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms like Binance.com.

What is clisBNB?

clisBNB is a certificate token issued when users deposit BNB into a Collateralized Debt Position (CDP) on ListaDAO. Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the staked BNB. This innovative solution allows users to retain control of their BNB collateral while accessing a wide range of DeFi opportunities.

What Can clisBNB Do?

The primary function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using clisBNB. Users who hold clisBNB in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO.

This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.

Key Features of clisBNB:

clisBNB comes with several features that distinguishes it from other tokens, providing users with focused utility while maintaining control over their assets:

1. 1:1 Ratio with BNB

When users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate.

2. Non-transferable Token

One important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage.

3. Automatic burn upon withdrawal

clisBNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent any mismatches in value.

4. Minting clisBNB to Another Address

clisBNB offers users a unique feature: When depositing BNB into a CDP, they have the option to mint clisBNB to another address. However, once this address has been chosen and the clisBNB has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points.

However, this flexibility comes with some key restrictions:

• Only one address can be specified to receive clisBNB at the time of deposit.
• If the underlying BNB or slisBNB is withdrawn, any clisBNB minted to the secondary address is automatically destroyed.

How to Obtain clisBNB

Accessing clisBNB is a straightforward process. Users can visit ListaDAO’s deposit page, where they can deposit their BNB into a Collateralized Debt Position (CDP), and automatically receive clisBNB in return. From there, clisBNB can be used to participate in Binance Launchpool events via the Binance Web3 MPC wallet.

To ensure participation in Binance Launchpool events, it’s important that users utilize the Binance Web3 MPC wallet, which supports smooth interaction between the staked BNB and launch events.

clisBNB: Unlocking BNB Liquidity

clisBNB offers BNB holders a powerful new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, clisBNB represents a significant advancement in DeFi solutions for BNB users.

With the introduction of clisBNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launchpools and accessing DeFi opportunities, all within a simple and secure process.

About BNB XYZ

BNB XYZ is a One-Stop on Chain Staking Platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers seamless staking solutions and optimizes the utility of both CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Core contributors of BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain.

Website: https://BNB.xyz

X (Twitter): https://x.com/BNBxyz

Core contributors: PancakeSwap, Lista DAO, BNB chain

Contact

Marketing team
BNB.xyz
marketing@bnb.xyz

The post Unlocking New DeFi Opportunities for BNB Holders appeared first on Times Tabloid.

Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token.

Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps.

The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability.

“A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.”

More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network

As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29.

Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana.

Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization. 

About Xandeum Labs

Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025.

Users can learn more: https://xandeum.com

Contact

Bernie Blume
Xandeum Labs
hello@xandeum.com

The post Xandeum to Unveil Solana Scaling Solution, XAND Token Launch and Liquid Staking at Breakpoint 2024 appeared first on Times Tabloid.