Taiga ری ٹویٹ کیا
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)
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Taiga
115 posts
Taiga
@TaigaProtocol
Unified Liquidity Standard for DOT & KSM Staking and Crowdloan Derivatives
شامل ہوئے Kasım 2021
20 فالونگ1.3K فالوورز
Taiga ری ٹویٹ کیا
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! 👇
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Taiga ری ٹویٹ کیا
Taiga - @TaigaProtocol
Synthetic asset protocol unifying DOT and KSM staking and crowdloan derivatives
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twitter.com/TaigaProtocol/…
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!
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8/ Check out Taiga Protocol at taigaprotocol.io!
Deposit your DOT into dot.taigaprotocol.io/assets and enjoy excellent rewards today.
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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).
medium.com/acalanetwork/t…
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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.
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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!
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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!
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Taiga ری ٹویٹ کیا
#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 🥩
farm.acala.network
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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 - dot.taigaprotocol.io/bridge
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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: apps.acala.network/swap/liquidity…
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Taiga ری ٹویٹ کیا
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: apps.karura.network/swap/liquidity…
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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
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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
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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
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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 youtu.be/qZqYrKgK7RM
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