ClayStack Alpha: Everything you Need to Know
Since Jan 2021, the locked value in staking has seen over 3X growth from $30B USD to $108B USD. Thanks to the growing popularity of staking, there are more options for users to earn passive income with their crypto assets.
But, the biggest challenge with staking is the opportunity loss and the unbonding period — the time for which the assets are locked.
ClayStack — A decentralized liquid staking solution
Liquid staking is transforming the staking landscape. It fundamentally helps unlock the liquidity of the staked assets through staking derivatives while earning staking rewards.
ClayStack takes a novel approach towards liquid staking, allowing you to mint synthetic tokens in the most decentralized way. Our platform constitutes of three major components:
- Liquid staking protocol: To issue synthetic tokens against original assets.
- Blockchain agnostic bridge: To bring synthetic tokens to the multi-chain ecosystem.
- Decentralized oracle: To make information transfer possible between different blockchains.
You can deposit supported tokens on ClayStack smart contract and receive a fungible and transferable synthetic token, that is 1:1 pegged against your original asset. Every day you will receive synthetic tokens as staking rewards — without any lockups.
Hence, allowing you to participate in the rich DeFi ecosystem while earning continuous staking rewards. Why pick one when you can have the best of both worlds?
What is ClayStack Alpha?
Our Alpha program will give selected users an edge over the others. If you are an Alpha user, you will be able to
- Participate in bug bounty programs and earn rewards
- Get the first movers advantage and be the first to use our platform when a new feature launches
- Opportunity to be a ClayStack Contributor (Earn rewards through sweat)
Our devs are currently working on making the platform accessible for our Alpha users. The Alpha platform will launch in Q1 of 2021, and we will be releasing further details shortly.
How can you enroll?
In the first cohort, we will select 50 users to test the platform and share their valuable feedback.
If you haven’t registered yet, follow the below steps:
- Go to ClayStack.com
- Click on “Register for Alpha Program”
- Enter your details
- Wait for the selection email
Our team is currently filtering through the applications, and we will be sharing email invites to selected users shortly.
Road to ClayStack Contributor
ClayStack Alpha is the first stage to become a Claystack Contributor. A ClayStack Contributor will leverage their skill and help us grow the platform while earning a % share of CLAY tokens (the utility and governance token for the ClayStack platform).
Interested? Fill up the form and let us know how you can contribute to ClayStack’s growth.
Get the latest updates
Our Alpha program is the beginning of an adventurous journey. Do connect with us to be the first to learn about all the exciting things coming up.
Telegram: https://t.me/claystack
Website: https://claystack.com/
Announcements: https://t.me/claystackchannel
Alpha program: https://claystack.com/contact/alpha_tester
