Author

Topic: What can be done to further improve Liquid Staking? (Read 87 times)

full member
Activity: 342
Merit: 110
For me is the support of multiple chains, it's like a feature that is available not only on 1 chain like Ethereum network, it could be also available on other chains just like Solana or Avax network.
It is somehow bridge-related but to be honest, it's really complex, I am not sure if there is already some project that already have this.

I don't really think this is complex as you might think. Considering  Cosmos(ATOM) Inter-Blockchain Communication (IBC) protocol, this can be actually achieved. After some research on this innovation, I realized that this protocol enables the free exchange of assets and data across decentralized blockchains. I believe this protocol is the stepping stone to improve liquid staking if only we take advantage of this technology.
legendary
Activity: 2338
Merit: 1354
For me is the support of multiple chains, it's like a feature that is available not only on 1 chain like Ethereum network, it could be also available on other chains just like Solana or Avax network.
It is somehow bridge-related but to be honest, it's really complex, I am not sure if there is already some project that already have this.
member
Activity: 255
Merit: 12

Looking at Liquid staking, there is a lack of interoperability. The majority of all liquid staking protocols operate on a specific network, which is only operating on one network at a time. If liquid staking protocols can operate on two or more networks, I believe that can help improve the yield earning percentage. Introducing this mechanism can help improve Liquid Staking.


There  is actually one blockchain network trying to introduce a revolutionary technology which is aimed to enable across network liquid staking. I believe Cosmos(ATOM) IBC (Inter-Blockchain Communication) technology is aimed at allowing any blockchain networks that adopts IBC to communicate with each other effortlessly. The underlying principle behind this technology is to enhance the transfer of Assets between any IBC adopted chains. 
full member
Activity: 342
Merit: 110
In as much that Liquid Staking allows us to trade staked tokens without the strict requirements that prevent stakers on the Ethereum network and also allowing both small and large holders to stake without the requirement of managing  complex staking infrastructure, is there anything that can be added or improve about Liquid Staking ? 

Looking at Liquid staking, there is a lack of interoperability. The majority of all liquid staking protocols operate on a specific network, which is only operating on one network at a time. If liquid staking protocols can operate on two or more networks, I believe that can help improve the yield earning percentage. Introducing this mechanism can help improve Liquid Staking.
member
Activity: 255
Merit: 12
In as much that Liquid Staking allows us to trade staked tokens without the strict requirements that prevent stakers on the Ethereum network and also allowing both small and large holders to stake without the requirement of managing  complex staking infrastructure, is there anything that can be added or improve about Liquid Staking ? 
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