StakerDAO’s 2020 year-end review and our 2021 plans
Happy New Year to the StakerDAO community! 2020 has definitely been a ride, and it is time to summarize its pits and peaks and happily start 2021. We are excited to start 2021 with 2 big launches in January (wXTZ, wALGO) and several more in Q1 (StakerBridge and the new STKR governance token).
So, what did we have in 2020 (excepts a global pandemic, of course)?
For StakerDAO, 2021 was very productive. We were able to secure a Series A funding round led by Polychain Capital and Lemniscap during the pandemic outbreak.
During the year, we ran 9 successful governance cycles:
- Proposal 001 — Hello World (5L8KhykYa)
- Proposal 002 — Launch Blend (BLND) (5L8Le2Vq6)
- Proposal 003 — Blend Fee Structure (5L8LUTqYz)
- Proposal 004 — Validator Selection (5L8KSzBZx)
- Proposal 005 — Blend on Tezos (5L8LWMFQc)
- Proposal 006 — Algorand Development and Validator Addition (5L8LbT3xC)
- Proposal 007 — Wrapped Algorand (5L8KLUvJ4)
- Proposal 008 — StakerDAO 2.0 and Wrapped Tezos (5L8LRHCaB)
- Proposal 009 — Wrapped Ethereum (5L8LsHzWm)
In September, we launched the first asset by StakerDAO, Blend (BLND) — the easiest way to go long on the best Proof of Stake networks. The current circulating supply of BLND is 5.8M tokens, you can learn more about the tokenomics on the BLND dashboard. We ran the first BLND buyback auction during December — we successfully repurchased and burned 43,105 BLND tokens for an average price of $1.08 per BLND token.
In December, we launched Wrapped Tezos (wXTZ) beta — a fully collateralized representation of XTZ; a collateralized staking position that unlocks the power of DeFi. To learn more about wXTZ read our recent article “The Wrapped Tezos (wXTZ) beta Guide” or visit wXTZ Docs.
The StakerDAO Asset Factory in 2021
We can’t wait any longer — in late January, Wrapped Algorand (wALGO) is launching. The new liquid tokens (wALGO and wXTZ) allow anyone participating in Algorand and Tezos to continue reaping staking rewards while simultaneously participating in DeFi projects on their native network and on Ethereum. Both of these projects are decentralized, non-custodial, and 1st of their kind on their networks. Together these wrapped products have the potential to unlock several billion dollars in new defi liquidity. Visit wALGO docs to learn more.
Another extremely anticipated project to launch in Q1 is the StakerBridge — An open source, trustless method of bi-directional transfer of tokens from one chain to another. We deploy StakerBridge so users will have a trust-minimized solution for cross-chain bridges between different networks. Learn more about StakerBridge and access the Dev Toolkit here.
And finally, in Q1 2020, StakerDAO will launch STKR Governance 2.0 and turn all governance decisions over to its community.
StakerDAO governance is run by a community of blockchain and finance enthusiasts who govern decisions for building cross-chain, decentralized financial assets in a compliant manner. Today the community is focused on building cross-chain Index products, wrapped products, and bridges between blockchains.
The StakerDAO ecosystem includes three main elements — Staker Advisory, STKR token holder Community, and Staker Development Teams.
The StakerDAO Process
In 2021 New products will be generated by the community. Join us on our Forums, Telegram and Twitter.
We want to use this opportunity to wish the global community Happy New Year, and lots of health.
The StakerDAO community.
Stay tuned to more StakerDAO news
Telegram channel: @stakercommunity
Twitter: StakerDAO
Reddit: r/Staker_Governance
LinkedIn: @StakerDao
YouTube: StakerDAO
