H2O Roadmap v3
A more detailed vision of what’s happening in 2023.
Another year, another opportunity for the H2O protocol to reassess the market and the web3 data economy! Today, we are proud to share to the community a more detailed vision of H2O’s plan in the coming months.
Last year, we shared H2O Roadmap v2 to give our users a clear view of H2O in the last quarters of 2022. We started off with the launch of psdnOCEAN–H2O’s first liquid staking wrapper for veOCEAN. This year, another liquid staking derivative is coming to add to the growing liquid staking solution portfolio of H2O. Today we would like to share with you a more up-to-date version of the H2O roadmap in an ever evolving space of DataFi.
Let’s probe deeper into this. 👇
$PSDN Emissions Optimisation
H2O recently released changes in the $PSDN emissions. The adjustments were done to facilitate liquidity, mitigate selling pressure, and enhance the long-term benefits of $PSDN. This update is prompted by the revised rewards and distribution model of H2O’s primary collaborator, Ocean Protocol, as well as the upcoming initiatives of H2O Protocol that are currently in progress.
Launch of psdnFIL
psdnFIL, the second liquid staking wrapper of H2O, is set to launch in the second quarter of 2023. With this new liquid staking solution, users can deposit $FIL into the H2O protocol in exchange for a liquid staking derivative, psdnFIL. Like H2O’s first liquid staking wrapper, psdnOCEAN, holders of psdnFIL can stake psdnFIL and receive a percentage of $FIL rewards. The first depositors will also be incentivized with additional $PSDN emissions.
More details about psdnFIL will come into light as we approach the launch date.
psdnFIL is going to operate via a rebasing mechanism. That means that users will be able to get the rewards just by holding the token. The rewards could further be boosted via various incentives. Liquidity flywheel information will be shared soon.
Release of vlPSDN
Soon, H2O will be releasing vlPSDN where PSDN holders will have more governance rights and receive even more rewards!
$PSDN is the governance token that is used to define important parameters of the H2O Protocol. $PSDN is available for trading in the following Uniswap Pool: PSDN-ETH. With the release of $vlPSDN, $PSDN will be further locked for $vlPSDN instead of PSDN single sided staking, allowing lockers to accumulate a larger share of governance power and accrue protocol fee revenue, at the same time contributing to the protocol liquidity.
$vlPSDN is a locked 50PSDN:50ETH Gamma Vault Token that serves as the liquidity base for PSDN. This token can be obtained by providing liquidity in the PSDN Uniswap pool through Gamma — here. Users will have the ability to lock the pool token for a single period — 16 weeks. Note that $vlPSDN will be non-transferable.
Further details to follow.
Integration of $H2O with Liquid Staking Derivatives
The integration of $H2O with Ocean Market was one of the huge milestones of the protocol in 2022. In the coming months to come, the $H2O will change the collateral structures to include various liquid staking derivatives built by the H2O Protocol to introduce users to a bigger DataFi ecosystem and allow them to discover more DeFi opportunities. The end game is for $H2O to be the first non-pegged stable asset collateralized by liquid staking derivatives.
Expansion of tools for OCEAN Ecosystem
In the past few months, we have worked hard with the OCEAN team to expand the variety of tools available to veOCEAN users to take advantage of the ecosystem. In the next few months, we will be releasing additional tools which would be highly beneficial for the community. The tools may include vote delegation, bribes marketplace as well as various other liquidity boosting tools.
