Fully Composable USDC LST | Pays yield from loans over-collateralized by US Treasuries
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StakeUp is conducting a competitive security review with @cantinaxyz.
Have questions about the code or the protocol? Ask the dev! @0xSpraggins is available every weekday at 6p UTC for your questions about the codebase.
Just hop on the Codebase AMA here:
meet.google.com/kvn-emkp-hkf
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DeFi is the THE use case for blockchain
Stablecoins are THE use case for DeFi
Sharing all yield + revenues with users is THE model of DeFi
The correct focus is clear.
With a more favorable regulatory environment upon us, its about time for StakeUp
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We are live!
Join us with @plumenetwork and @nucleusearn this Friday to learn about yield on Plume! We'll discuss how StakeUp, Plume, and Nucleus work together and the benefits they offer to users.
Save the space below!
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Join us with @plumenetwork and @nucleusearn this Friday to learn about yield on Plume! We'll discuss how StakeUp, Plume, and Nucleus work together and the benefits they offer to users.
Save the space below!
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StakeUp is conducting a competitive security review with @cantinaxyz.
Have questions about the code or the protocol? Ask the dev! @0xSpraggins is available every weekday at 6p UTC for your questions about the codebase.
Just hop on the Codebase AMA here:
meet.google.com/kvn-emkp-hkf
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The competition is live until October 21st, with over $60,000 in prize money available. See the details here:
Ready for a fresh challenge? @StakeUpProtocol has entered the Cantina, bringing their decentralized USDC autocompounding stable LST for a thorough security check 🪐
💰 $60,000 USDC
📅 Live now - October 21st
🔗 Below
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StakeUp retweeted
Ready for a fresh challenge? @StakeUpProtocol has entered the Cantina, bringing their decentralized USDC autocompounding stable LST for a thorough security check 🪐
💰 $60,000 USDC
📅 Live now - October 21st
🔗 Below
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StakeUp retweeted
There are many RWA protocols that involve U.S. Treasuries, but StakeUp's structure offers benefits that others do not. Take a look at some key differences between StakeUp and Ondo in our new blog post below.
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StakeUp retweeted
Keep your calendar clear next week researchers, @StakeupProtocol is joining the Cantina 🪐
$60,000 USDC. October 7th - October 21st. Start preparing!
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StakeUp retweeted
🚀 Partnership Announcement! 🚀
We’re excited to partner with @StakeUpProtocol! 💪
🔹 StakeUp Protocol is a composability layer built on USDC, offering automated lending vaults where lenders provide USDC to borrowers purchasing tokenized certificates tied to U.S. Treasury Bills. StakeUp brings the risk-free rate directly to your crypto wallet, allowing you to accrue yield just by holding stUSDC.
🔹 This innovative system brings stable yields and currency hedging solutions to emerging markets, ensuring financial security through decentralized finance. Users can also earn rewards from fees generated by the protocol by staking SUP tokens and getting paid in stUSDC.
🤝 With this collab, we keep building the future of finance for emerging markets! 🌍🚀
#KiiChain #StakeUpProtocol #DeFi #Blockchain #Partnership #Web3
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The best way to understand the basic mechanics behind StakeUp is by reading the Ecosystem Mechanics section of the documentation.
Check it out here to see how stUSDC and SUP deliver value to users in different ways:
docs.stakeup.finance/protoco…
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All StakeUp yield goes directly to users, either through stUSDC, which rebases to automatically deliver value to each holder's wallet, or through staked SUP, which gives users a claim to protocol fees.
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ETH -> stETH
USDC -> stUSDC
stUSDC delivers consistent yield close to the "risk-free" rate without significant volatility, and all fees go to users who support the ecosystem.
USDC enabled fast, low-cost, global payments and remittances around the world
stUSDC enables a high-yield savings account for anyone around the world in which they can have direct ownership.
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Lido is a popular choice in DeFi for its liquid staking model.
Similarly, StakeUp offers stable, permissionless income through stUSDC, focusing on simplicity and maximizing yield for users.
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Staking the SUP token allows you to claim StakeUp's fees. The SUP supply is fixed, but stUSDC's supply is uncapped, and the value of SUP increases as the stUSDC supply increases because more fees are collected.
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If stUSDC makes up 1% of the current total stablecoin market, StakeUp will make over $8m in fees, 100% of which will be allocated to SUP stakers.
At 5% of the market, $40m in fees will be distributed annually, and owning .25% of the staked supply will result in over $100k/year.
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Yield Structure: While Ondo tokenizes U.S. Treasuries, StakeUp lends stablecoins to custodians who purchase Treasuries on behalf of users. StakeUp does not require KYC for users, making it more accessible and easier to use, with no minimum investment requirements.
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Fee Structure: All fees generated by StakeUp directly benefit $SUP stakers, unlike Ondo's operational and management fees. This structure enhances yields for StakeUp users.
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