Taiga

Unified Liquidity Standard for DOT & KSM Staking and Crowdloan Derivatives

[NUTS Finance @NUTSFinance]

To close out the year, we hosted our 2024 End-of-Year Review yesterday with @PikeFinance and covered our journey since 2018.

Keep reading for a TL;DR on the protocols we've built and what we learned from them: 🧵👇 (1/9)

[Polkadot @Polkadot]

Discover the power of decentralized finance with #PolkadotDapps. Explore a new way of trading and investing, empowering you with control, security, and endless possibilities. Join the DeFi revolution today! 👇

[Polkadot @Polkadot]

Taiga - @TaigaProtocol

Synthetic asset protocol unifying DOT and KSM staking and crowdloan derivatives

[6/7]

https://t.co/ORvaztuElr

[Taiga @TaigaProtocol]

8/ Check out Taiga Protocol at https://t.co/C2OfU8fhRj!

Deposit your DOT into https://t.co/QUycEsrOLk and enjoy excellent rewards today.

[Taiga @TaigaProtocol]

3/ With tDOT, you no longer have to choose between holding an LST of DOT or providing liquidity - you now do both!

Protocols also don't have to choose between integrating various derivative assets, and instead can adopt tDOT and have access to all of it's underlying liquidity.

[Taiga @TaigaProtocol]

7/ We had also received the very first @AcalaNetwork Ecosystem Grant and proved a huge boon for the space (under the previous name of Tapio).
https://t.co/OeKpS7k58W

[Taiga @TaigaProtocol]

2/ As more parachains and protocols offer staking products, DOT liquidity will become increasingly more fragmented and siloed.

Taiga seeks to address this for both builders and users alike - promising a better experience for DOT holders, liquidity providers, and traders!

[Taiga @TaigaProtocol]

Introducing @taigaprotocol with tDOT - another way to hold DOT!

Taiga unifies DOT and DOT tokens into a single, highly usable synthetic asset.

Already boasting $10M in TVL, with hundreds of active holders & users - read on to learn more!

[Acala @AcalaNetwork]

#Euphrates liquidity DApp to bring boosted Liquid Staking to Acala & @Polkadot ecosystem, is now Live 🔥

The initial single-side #LCDOT staking is open with #LDOT & @TaigaProtocol's #tDOT pools.

Stake Now 🥩
https://t.co/zff6eJm2rc

[Taiga @TaigaProtocol]

New feature live🎉

Holders of $xcDOT can now bridge $DOT from @MoonbeamNetwork to @AcalaNetwork, which allows for easy minting of $tDOT in one-stop. We believe that this new feature will revolutionize the way users interact with #Taiga!

Go bridge now - https://t.co/gfsH5kGViN

[Taiga @TaigaProtocol]

Tapio 101🎓

Let's meet $tDOT 👇

Mint on @AcalaNetwork : https://t.co/OVLDdDJ1ls

[Taiga @TaigaProtocol]

Tapio 101🎓

What is Tapio protocol?

Derivative asset holders can mint our synthetic asset ( $tDOT) which will:
▶️Provide usability across different use cases
▶️Maintain underlying benefits (ie. staking yield, rewards)

Mint $tDOT: https://t.co/OVLDdE0Cd0

[Tapio @TapioFinance]

3pool 101🧑‍🏫

The first stablecoin pool @KaruraNetwork powering @kusamanetwork ecosystem

LPs can provide the liquidity to receive $3USD :
$aUSD - natively minted on Karura
$USDC - bridge by @wormholecrypto
$USDT - natively minted on Statemine

Mint: https://t.co/nqmD4VaIyB

[Taiga @TaigaProtocol]

Tapio 101🎓

What we found about Staking & Crowdloan $DOT derivatives?

With different derivative formats, it creates:
✅Liquidity silos due to unique mechanism
✅Long-tail assets leading to adoption challenges for application builders

$tDOT can solve the liquidity fragmentation

[Taiga @TaigaProtocol]

Tapio 101🎓

The benefits of staking & crowdloan $DOT derivatives?

✅Higher yields
✅Unlocks liquidity
✅Lower participation requirement
✅Flexible redemption

Different format derivatives introduced by parachains offer increased utility and flexibility for locked staked assets

[Taiga @TaigaProtocol]

Tapio 101🎓

$tDOT can aggregate the liquidity of different derivatives. Thanks to XCM:
1⃣The derivative liquidity can be transferred and used to mint $tDOT on @AcalaNetwork
2⃣Transfer $tDOT back to original Parachain

With that, Parachain can remain TVL & unlock idle liquidity

[Taiga @TaigaProtocol]

As the @Polkadot ecosystem grows, lots of $DOT derivatives will come up.

If you still don't know how #Tapio can unify different formats of staking and crowdloan derivatives into a highly efficient standard. Here is a quick review to catch up👇

[ParisDOT.Comm @Paris_Dot_Comm]

📽️ Unified Liquidity Standard for Staking and Crowdloan Derivatives

🗣️ Terry Lam @terrycflam - Co-founder of NUTS Finance @NUTSFinance

Introducing an unified liquidity standard to standardize different formats of staking and crowdloan derivatives

https://t.co/Po3ipmnPK6