A New Way to Maximize the APR in the DeFi Yield Market – Blockchain News, Opinion, TV and Jobs

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OneS­take Finance, a DeFi yield aggre­ga­tor, claims to be the first TVL-as-a-Ser­vice pro­to­col that offers the high­est APR pos­si­ble on sin­gle stak­ing. The project aims to pro­vide solu­tions for casu­al and pro­fes­sion­al DeFi users along with expo­sure to the entire yield mar­ket. Accord­ing to its web­site, “OneS­take is the 1inch in the field of yield protocols.”

TVL-as-a-Ser­vice

OneS­take uses gov­er­nance mechan­ics and TVL-as-a-Ser­vice to pro­vide users with opti­mal yield oppor­tu­ni­ties. The protocol’s DAO ana­lyzes all the assets and pro­to­cols inter­act­ing with OneS­take before whitelist­ing and group­ing them into one pool. For exam­ple, it cre­ates one pool for Bit­coin, anoth­er for Ether, and a final one com­pris­ing stablecoins.

Each of these pools sup­ports sev­er­al whitelist­ed tokens accord­ing to the group’s cri­te­ria. Users can add funds through the pro­to­col into any asset in a pool, then, the pro­to­col auto­mat­i­cal­ly cre­ates the coin swaps accord­ing to the cur­rent strat­e­gy in use.

OneS­take ana­lyzes the cur­rent APR and TVL for all assets of every whitelist­ed pro­to­col every 4 hours. Next, it cal­cu­lates the funds’ allo­ca­tion to obtain the max­i­mum APR. This process sim­u­lates the results accord­ing to extra invest­ments in provider pools. Once it encoun­ters opti­mal dis­tri­b­u­tion, it cal­cu­lates the rebal­anc­ing costs. This way, if these costs exceed the crit­i­cal val­ue, the pro­to­col per­forms new cal­cu­la­tions until it finds the best pos­si­ble dis­tri­b­u­tion. The pro­to­col will only begin rebal­anc­ing once that hap­pens. Also, it col­lects stak­ing rewards every 2 hours unless it sells or rein­vests them back into the pools.

iUSD – Reserved by Profit

OneS­take uses iUSD, an inter­est-bear­ing token, to help users obtain the high­est pos­si­ble yield. Every time users deposit funds, the pro­to­col mints iUSD tokens and, sub­se­quent­ly, it burns them when­ev­er a with­draw­al occurs. iUSD is pegged at a 1:1 ratio to the deposit­ed asset, and users can freely store, trans­fer, or trade it.

Users can stake assets on smart-strat­e­gy pro­to­cols, such as Con­vex, Yesper, or Yearn, and accrue iUSD tokens in their wal­lets in real-time. And thanks to the protocol’s auto­mat­ic rebal­anc­ing mech­a­nism, they always have access to the high­est pos­si­ble APR at the time of rebal­anc­ing. iUSD is sim­i­lar to the aTo­ken on Aave. How­ev­er, it aims to pro­vide high APRs in the DeFi mar­ket. Last­ly, the OneS­take mechan­ics may solve the issues deriv­ing from high gas costs.

Yield Aggre­ga­tor

Accord­ing to its black­pa­per, OneS­take has two goals. First­ly, it seeks to help expert traders get the best results in the DeFi yield mar­ket. Sec­ond­ly, it aims to make this process more acces­si­ble to new or casu­al users. It does so by aggre­gat­ing oth­er pro­to­cols, con­sol­i­dat­ing them into pools, and dis­trib­ut­ing OneStake’s TVL between them.

The pro­to­col charges a 20% Per­for­mance Fee and a 2% Stream­ing Fee in terms of rev­enue. It uses them for buy­backs and dis­tri­b­u­tion in case of inef­fi­cien­cy. Half of these fees go to buy­backs and a reserve fund, while the rest go to the strat­e­gy developer.

OneS­take users can access the many ben­e­fits of iUSD tokens, such as unlock­ing the liq­uid­i­ty of staked assets. Alter­na­tive­ly, they can use iUSD as col­lat­er­al for loans to lever­age posi­tions. Last­ly, they only need to hold iUSD in their wal­lets and get expo­sure to the whole DeFi yield mar­ket with the high­est APR possible.

OneS­take

OneS­take Finance is a DeFi yield aggre­ga­tor aim­ing to amass the ser­vices of all notable yield pro­to­cols in one con­ve­nient plat­form. The project is list­ed in Esto­nia as an offi­cial busi­ness, and its team has suc­cess­ful­ly passed KYC pro­ce­dures with Solid­proof. While the project is still in its ear­ly devel­op­ment stages, it is pro­gress­ing fast thanks to a high­ly-skilled and pro­fes­sion­al team.

Work­ing with major indus­try blockchains, such as Aave, Com­pound, Curve, and Yearn, helps OneS­take estab­lish itself in the yield mar­ket. Cur­rent­ly, the team is look­ing for expe­ri­enced VCs to give the project a com­pet­i­tive advan­tage in the market.



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