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Taiga

@TaigaProtocol

Unified Liquidity Standard for DOT & KSM Staking and Crowdloan Derivatives

taigaprotocol.io/
Joined November 2021
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  • Followers1.3K
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Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)Photo by Taiga (@TaigaProtocol)
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)
Image from NUTS Finance (@NUTSFinance)
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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 - @TaigaProtocol Synthetic asset protocol unifying DOT and KSM staking and crowdloan derivatives [6/7] nitter.cf/TaigaProtocol/status/1…
Taiga (@TaigaProtocol) profile pictureTaiga@TaigaProtocol2 Jan 2024
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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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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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/tree…
Tapio Receives First Acala Grant, Bringing Efficient Liquidity to Uniform Assets on Polkadot

Tapio Receives First Acala Grant, Bringing Efficient Liquidity to Uniform Assets on Polkadot

Tapio Protocol has been accepted as the inaugural Acala Ecosystem Grant recipient (see Grant proposal). Tapio is a synthetic asset…

medium.com
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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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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!
Image from Taiga (@TaigaProtocol)
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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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#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/
Image from Acala (@AcalaNetwork)
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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🎓 Let's meet $tDOT 👇 Mint on @AcalaNetwork : apps.acala.network/swap/liqu…
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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/liqu…
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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/liq…
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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) profile pictureParisDOT.Comm@Paris_Dot_Comm5 Sep 2022
📽️ 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
Image from ParisDOT.Comm (@Paris_Dot_Comm)
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