Introduction
stake.link proudly stands as a leading innovator in the realm of Chainlink staking, offering a top-tier liquid staking protocol that caters to the nuanced needs of both LINK token holders and the DeFi protocols that rely on the Chainlink infrastructure. We are excited to announce that the hallmark features that have distinguished the protocol in the Chainlink ecosystem are now set to enhance the Metis staking experience:
- Reliability Guarantees: stake.link consists of not only the most performant Chainlink node operators, but also the most seasoned and veteran infrastructure providers and validators across all of Web3.
- Liquid Staking with sdlMETIS: Our platform provides enhanced flexibility and liquidity for staked assets, making it easier for users to manage and utilize their staked assets.
- Full DeFi Composability: The sdlMETIS token enables seamless integration and interaction with a broad spectrum of DeFi applications, expanding the utility and potential of staked assets.
Given that all Metis decentralized sequencer nodes to date operate as Chainlink Node Operators, and stake.link represents a coalition of the most veteran and performant 15 Chainlink Node Operators, there exists a natural and powerful synergy between the two ecosystems. This unique position allows stake.link to extend its streamlined staking experience from the Chainlink domain to the Metis ecosystem, ensuring an unparalleled staking experience for users. By leveraging our proven expertise and the strong interconnectedness of Chainlink and Metis nodes, we aim to forge a path toward enhanced staking solutions that benefit participants across both ecosystems.
Architecture
stake.link’s architectural framework is strategically crafted to optimize the staking experience for our users. Initially, our platform will focus on a singular METIS pool strategy, though, the inherent modular design of our architecture allows for seamless expansion to include additional sequencers as we grow.
This flexibility not only positions stake.link to adapt and evolve within the dynamic DeFi landscape, but also enables us to tap into a variety of staking strategies over time. As we extend our reach to incorporate more sequencers, stake.link is poised to secure more and more TVL within the Metis network. Such an expansion will not only diversify the staking options available to users, but also enhance the overall staking experience across different strategies. This strategic foresight ensures that stake.link remains at the cutting edge of staking innovation, driving greater value and utility within the Metis ecosystem.
Cross-Chain Capabilities
stake.link is thrilled to highlight its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), marking a pivotal advancement in the realm of blockchain technology. Initially enabling seamless LINK staking on the Arbitrum network, CCIP’s extension into the Metis network opens a new chapter for stake.link. Leveraging our extensive experience with LINK, we are now positioned to introduce the liquid staking token (LST) of METIS across a multitude of CCIP-supported networks.
This pivotal move not only broadens the scope of METIS staking, it also significantly enhances liquidity and growth prospects across DeFi and broader Onchain Finance ecosystem. By facilitating cross-chain liquidity, stake.link empowers METIS stakers to an unparalleled staking experience and ability to engage with a wider array of DeFi applications and services. This integration signifies our commitment to leveraging cutting-edge technology to provide users with safe and advanced staking solutions, and to drive forward the adoption and utility of METIS within the broader blockchain landscape.
Stats
TVL: +$39M (March 2024)
Total Rewards Distributed: +$2M
Multi-chain: Ethereum Mainnet, Arbitrum (via Chainlink CCIP)
Integrations
- Powered by the 15 leading Chainlink Node Operators
- Curve.fi (ETH Mainnet) +$3.6M Liquidity (stLINK/LINK)
- Camelot (Arbitrum) +$2M Liquidity (wstLINK/LINK)
Strategy
Leveraging the creation of the sdlMETIS liquid staking token, stake.link intends to build upon the robust foundation of its existing Liquid Staking Token (LST) models to streamline the user experience (UX) for both newcomers and seasoned participants within the DeFi sector. This strategic move is aimed at facilitating seamless entry and engagement with the Metis ecosystem, thereby accelerating adoption and utility across various DeFi applications.
stake.link plans to integrate sdlMETIS with leading DeFi platforms to ensure wide usability. By partnering with major exchanges, lending platforms, and yield farming protocols, we aim to create a multifaceted ecosystem where sdlMETIS can be utilized for various financial services, including trading, borrowing, lending, and earning rewards. These integrations will facilitate greater exposure and demand for sdlMETIS, driving its value and utility within the DeFi landscape.
Conclusion
stake.link is at the forefront of a revolutionary shift within the Metis ecosystem, embodying the essence of innovation and decentralization in liquid staking. Our mission is to bridge the divide between secure staking mechanisms and the expansive potential of DeFi, making it effortless for users to unlock the full value of their staked assets. By integrating cutting-edge technology with a user-centric approach, Stake.Link not only simplifies the staking process, but also enhances the liquidity and utility of staked tokens across a diverse range of platforms and applications.
We are committed to pushing the boundaries of what is possible within the Metis ecosystem, ensuring that Stake.Link not only contributes to its growth, but also paves the way for a more accessible DeFi landscape. As we embark on this journey, we look forward to collaborating with the Metis community and stakeholders to bring this vision to life, fostering a new era of growth and innovation.