The financial paradigm is shifting at a rapid pace with the launch of the new DeFi tools. The launch of Ethereum 2.0 had been greatly anticipated by the finance experts as it can propel the DeFi market that faced a major dip in the last quarter of 2020. Steven Becker, the president and chief operating officer of Maker Dao stated that it is because of Ethereum 2.0 's capability of improving the major performance metrics such as scalability and throughput without affecting the decentralization that it can be the biggest boon for the DeFi future. Ethereum 2.0 had a network shift with the introduction of Proof-of-Stake consensus engine consequently improving throughput and scalability.
Proof-of-stake based blockchains have been the driving force for the major DeFi use cases. However, there is only yearly 6-15% rewards gain that a user receives for participating in proof-of-stake based systems which do not compare to the financial opportunities that DeFI market holds due to funds’ liquidity. With the release of Ethereum 2.0, validators are expected to stake more than 816,352 ether. These locked ETH are inaccessible until the merge between the Ethereum (PoW) blockchain and the beacon chain (Ethereum 2.0) are successful. This means if the DeFi tools like lending are not utilized alongside the current staking model, these funds will be locked for a long time period. An application that allows these staked funds to act as collateral to structure liquidity pools for trading, swapping and lending is required to generate yield on top of the staking rewards.
Antlia DeFi Ecosystem steered by Antlia Staking Application generating incentives using governance tokens ANAGOV and the synthetic tokens like ANAETH2 for Ethereum 2.0, ANAAtom for Cosmos, and ANADOT for Polkadot network. Moreover, Antlia is running its own validators on these platforms allowing users to delegate their respective coins and get the staking rewards. Not only that, Antlia StakeFlow issues the synthetic tokens on his locked coins. These tokens can be traded on DEXs such as UniSwap or AntliaSWAP to generate value, can also be used on lending platforms to receive interest or to borrow against, or providing liquidity to UniSwap Pools or Antlia DeFi Pools such as ANAETH/ETH and receive ANAGOV in return for staking their liquidity provider (LP) tokens. Thus creating much added value out of a locked staking token. The process is very simple:
- Alice stakes 3 ETH on Antlia Staking Platform which is delegated to the Antlia Validator on ETH 2.0. Antlia Validator needs at least 32 ETH from various delegators to become a validator.
- In return, Antlia Staking Application issues synthetic token “ANAETH2” to Alice.
- This will be reflected in Alice’s user wallet, where she can see the amount of ANAETH2 minted against her 3 ETH.
- Alice shall be able to “Swap” her ANAETH using Antlia SWAP, Antlia Decentralized Exchange or UNISWAP. This will in turn create a swapping pool (liquidity pools) of ANAETH/ETH IN different ratios.
- Alice shall also be allowed to lend a percentage of the stake token on lending platforms to build liquidity pools.
In future, Stake Flow will be having a multicoin and multitoken ecosystem in term or reward. E.g Alice deposits ETH2 and can choose to get ANAETH2 or ANABNB proportionally.
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