unstake.fi @unstake_fi Twitter profile

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unstake.fi

@unstake_fi

5 months

Now

unstake.fi

@unstake_fi

5 months

Wen mainnet

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unstake.fi

@unstake_fi

6 months

We have an apology to make. This was an inaccurate statement. Unstake will support any staked token on any @TeamKujira connected chain. Not just IBC. Instant Unstaking for wstETH. For stSOL. For whatever your heart desires.

unstake.fi

@unstake_fi

7 months

will remove the unbonding periods for all of these tokens, on all IBC-enabled chains

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unstake.fi

@unstake_fi

6 months

As promised, today we go live on @TeamKujira testnet

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unstake.fi

@unstake_fi

5 months

Wen mainnet

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unstake.fi

@unstake_fi

5 months

We’ve had a handful of questions about staking and revenue share for the $NSTK token. Let’s clear this up

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unstake.fi

@unstake_fi

5 months

As we finish reticulating splines for mainnet launch of Unstake for $ampKUJI, we have a quick temp check to make 1. Which Kujira native token would you like to Unstake instantly next? 2. Which IBC token is top of your list? 3. Finally, same question for EVM and beyond

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unstake.fi

@unstake_fi

3 months

And we're live 🥳🥳 @Quark_Protocol welcome to the Unstake family

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unstake.fi

@unstake_fi

6 months

Testnet tomorrow 🤗

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unstake.fi

@unstake_fi

3 months

$qcKUJI by @Quark_Protocol is live on @TeamKujira testnet 🥳 $KUJI stakers keep your eyes peeled for the gov props to enable mainnet Unstaking for $qcKUJI, $qcMNTA and $qcFUZN, coming very shortly

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unstake.fi

@unstake_fi

4 months

Let's talk about oracle, price feeds, and Unstake's part in it all

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unstake.fi

@unstake_fi

6 months

These guys ❤️

Leap Cosmos ⚛️

@leap_cosmos

6 months

unstaking should be easy, and it should be instant ⚡ excited to partner with @unstake_fi as they popularise instant unstaking by leveraging @TeamKujira 's one-of-a-kind infra, Unstake is able to unbond your locked assets instantly, across the interchain don't wait. unstake. 👇

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unstake.fi

@unstake_fi

6 months

As we prepare our contracts for testnet, some thoughts and comments about the journey so far…

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unstake.fi

@unstake_fi

4 months

@SumoKuji Full report and new integrations coming very soon ser

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unstake.fi

@unstake_fi

7 months

We e just posted our first proposal on @TeamKujira to list the token on FIN. It’s probably time for some details 👇

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unstake.fi

@unstake_fi

6 months

We're biased ofc but we'd agree. Why waste 50% of the funds in the ask-side of the LST pool, when a user can just as easily directly stake with the LST provider? A deposit into GHOST maximises the liquidity for unbonding, which is really all an LST pair provides anyway

bird

@oceantreebird

6 months

The latest proposal (number 858) by @osmosiszone within the @cosmos network, which suggests allocating 900,000 $ATOM to finance their LST pools, appears to be an inefficient use of resources. It would be more beneficial to direct these funds towards tangible projects that can

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unstake.fi

@unstake_fi

3 months

Finally, amongst the excitement of our newly supported assets - there's been a new feature added to the Unstake Controller contract, offering another source of real yield. Read on...

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unstake.fi

@unstake_fi

6 months

Let’s talk about rates. Redemption rates, interest rates, offer rates, and how they all inform protocol design and protocol solvency

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unstake.fi

@unstake_fi

6 months

Love @codehans1 , @cryptoslang1 & @deadrightdove

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unstake.fi

@unstake_fi

2 months

With instant migration 🫡 Move from any interchain LSD without waiting to Unstake, more cheaply than using a DEX, and growing the GHOST reserves at the same time

Eris Protocol

@eris_protocol

2 months

@definitelydefii @codehans1 $ampATOM, $ampSWTH, $ampDYDX, … natively on @TeamKujira

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unstake.fi

@unstake_fi

6 months

@definitelydefii @Mrscion Once the first testnet Unstakes are closed then we’ll be straight in mainnet. ~ 9 days

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unstake.fi

@unstake_fi

2 months

You know what this means 🛠️

BackBone Labs 🏴‍☠️ 🌖 🐳 🧪 ㊗️ 🐶 ⚵

@BackBone_Labs

2 months

🚨🚨 bOSMO and bKUJI are now available 🚨🚨 🚀 The new dynamic gravedigger is NOW LIVE! 🌟 Check it out at: ✅ Wallet support for Station, Leap, and Keplr 📱 For Mobile, Leap Wallet is available @leap_cosmos 💥 Exciting tokens alert! $bOSMO and $bKUJI

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unstake.fi

@unstake_fi

3 months

We’ll be ready for the next one. No more depegs necessary 🫡

Stephen | DeFi Dojo

@phtevenstrong

3 months

58% FIXED RATE APR ON $TIA Context: @stride_zone recently launched a massive incentive package for $stTIA (yesterday paying 610% APR). NOTE: These emissions are "airdropped" daily, but not claimable for 6 months. As a result of this demand on stTIA, people are scrambling to

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unstake.fi

@unstake_fi

6 months

Giveaway time. 100 $USK at random for a correct guess of an Unstake team member. Awarded upon testnet & open source release

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unstake.fi

@unstake_fi

18 days

T -30 minutes until @TeamKujira 1.0.2. The big ICA upgrade. Which IBC LSD token do you want to see instant unstaking for first?

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unstake.fi

@unstake_fi

5 months

@Rarma_ Stride redemption rate = 1.185. (Conservative) min early interest rate of 10% = 0.385%. Offer rate would be 1.1804. Short answer: yes

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unstake.fi

@unstake_fi

7 months

Finally a footnote about the token - 65m have been minted, and the admin is now Kujira governance. No more can be minted. The entire supply has been airdropped to $KUJI stakers

Kujira Finder

The Block Explorer for the Kujira Network; The Cosmos Layer 1 platform for community selected projects creating true value.

finder.kujira.network

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unstake.fi

@unstake_fi

6 months

Don't wait. Nutsack.

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unstake.fi

@unstake_fi

3 months

...and we have mainnet Unstake Controllers for @Quark_Protocol ! Unstaking will fail temporarily until proposal #577 on @TeamKujira passes (please vote) Reserves will be funded, and the best Unstaking rates available, once the proposal passes

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unstake.fi

@unstake_fi

6 months

😍

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unstake.fi

@unstake_fi

5 months

Don’t wait. Stake. But also Don’t wait. Unstake.

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unstake.fi

@unstake_fi

5 months

So wen staking? Once protocol revenue starts to become more reliable, we’ll look for $NSTK to become an alliance asset on @TeamKujira , facilitating revenue share and helping to secure the network. Having revenue numbers is critical to determine the right settings for the alliance

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unstake.fi

@unstake_fi

6 months

Don’t Wait. Ship a UI

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unstake.fi

@unstake_fi

6 months

This clearly comes with a more careful control of reserves and risk parameters, and will be v2 of the protocol. But it’s viable, and it’s coming

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unstake.fi

@unstake_fi

6 months

As we continue to build out , we’d like to support aspiring web3 developers and founders. Offering guidance, education and mentorship as necessary, with a view to one day take the reins of the protocol. If this is you, please do get in touch

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unstake.fi

@unstake_fi

6 months

We’ll do this by providing a cross-chain arbitrage opportunity on the Unstake contract. Offering the staked asset at a discount to the current redemption rate, to incentivise arbitrage between the native protocol and Unstake

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unstake.fi

@unstake_fi

5 months

However, of course we don’t believe you should wait to Unstake. So our listing as an alliance asset will be dependent on the creation of an alliance LSD, from @Quark_Protocol , @eris_protocol or anyone else who can help

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unstake.fi

@unstake_fi

6 months

You’ll find all the open sauce at the links below. Testnet deploy is imminent.

GitHub - unstake-fi/contracts

Contribute to unstake-fi/contracts development by creating an account on GitHub.

github.com

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unstake.fi

@unstake_fi

4 months

Next up? All @Quark_Protocol qc assets. Instant Unstaking coming very soon for $FUZN, $MNTA and $KUJI, with price feeds and collateral options hopefully not far behind

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unstake.fi

@unstake_fi

7 months

Seems like some $kuji folks are wondering about the $nstk airdrop we did 🤔

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unstake.fi

@unstake_fi

3 months

Want to earn yield from Unstake? You now have two options. 1. Deposit to GHOST as normal, earn interest, and withdraw whenever you wish 2. Deposit to Unstake. Collect revenue from Unstaking, with potentially higher yield, but sacrifice accessibility as it may be in-use

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unstake.fi

@unstake_fi

18 days

Entropic Labs

@Entropic_Labs

18 days

The Entropic Labs team is set to take an active role as core contributor and steward for the @unstake_fi project, thanks to a partnership with @TeamKujira . Our roadmap includes several initiatives to enhance revenue and user experience. Read more in the full post 👇

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unstake.fi

@unstake_fi

6 months

We entered the Kujira community unknown, undoxxed, and unannounced. With just a concept for a new protocol, we’ve seen what the Kujira community is, in its truest form.

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unstake.fi

@unstake_fi

6 months

Welcoming, friendly, optimistic, all tempered with the skepticism and rigour that right should come with any new project launching

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unstake.fi

@unstake_fi

7 months

Don’t wait. Unstake.

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unstake.fi

@unstake_fi

3 months

@KujiMitch 50% to the reserve, which is owned by depositors. 50% to the “revenue pot”, which will ultimately be connected to NSTK stakers

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unstake.fi

@unstake_fi

6 months

It’s a lens through which we’ve never been able to view this community, and it’s just been incredible to see. This truly is a thriving community for any potential builders looking to launch with.

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unstake.fi

@unstake_fi

5 months

In 10 days the protocol will start finalising revenue. It’s early days, but the numbers are looking promising so far

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unstake.fi

@unstake_fi

5 months

As once we have an alliance LSD primitive, you no longer need to be wait to unstake nstk.

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unstake.fi

@unstake_fi

2 months

Don’t wait. Reserve.

Nutsack Intern

@NutsackIntern

2 months

What are the @unstake_fi reserves, and how can you gain real yield from utilizing them? Let's dig into it 👇

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unstake.fi

@unstake_fi

4 months

Well, thanks to the vertically integrated stack of Team Kujira, and the magic of @starsquid_io and some clever pricing algorithms, will soon be a registered provider on the price feeder for the Kujira Oracle

UNSTAKE.FI

The Instant Unstaking protocol for the interchain. Don't Wait. Unstake.

unstake.fi

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unstake.fi

@unstake_fi

6 months

UNSTAKE.FI

The Instant Unstaking protocol for the interchain. Don't Wait. Unstake.

unstake.fi

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unstake.fi

@unstake_fi

6 months

@technologypoet @CryptoHarry_ @GoldenStaking We believe that this is a more scalable and capital efficient way of trading LST’s (amongst other things). We plan to to put a proxy contract in front of the LST protocol and Unstake to create an identical interface & UX to an AMM, but without needing a cent of liquidity

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unstake.fi

@unstake_fi

18 days

🫡

Kujira 🉐

@TeamKujira

18 days

🛠️ v1.0.2 of the Kujira Blockchain went live at 17:29 UTC today. First of all a congratulations to our insane validator set. They got the chain upgraded and back up and running in just 4 minutes - the fastest upgrade yet! The really interesting part of v1.0.2 is the Interchain

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unstake.fi

@unstake_fi

7 months

The result? Instant unbonding for all locked assets, across the interchain. A better UX for you, and a tight integration with GHOST, driving deposits and paying apr to lenders

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unstake.fi

@unstake_fi

5 months

Unstake went live for ampKUJI 5 days ago. Protocol revenue & profit is only locked in once the underlying unbonding is complete.

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unstake.fi

@unstake_fi

6 months

Finally, any absolutely just as important as everything already said, is a note about the future of this project

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unstake.fi

@unstake_fi

6 months

@CryptoHarry_ @GoldenStaking Imagine unlocking trading between stride, eris, quark, backbone, quicksilver etc etc etc LSTs with zero extra capital requirements, instead with all the shared depth of the Vaults in GHOST.

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unstake.fi

@unstake_fi

7 months

How? It borrows it from GHOST. The borrow is collateralised 1:1 with the unbonding transaction. You as a user simply pay the interest for the unbonding period, up front, plus a small amount more as protocol revenue. For a 2 week unbonding period, this is likely to be around 0.5%

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unstake.fi

@unstake_fi

6 months

@hedgefunder01 Airdropping a token from a new, unknown, undoxxed team and keeping a team allocation aside is not a particularly good way to build trust. We’ve been here for a while and very motivated to see Kujira thrive, so that’s the number one priority.

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unstake.fi

@unstake_fi

4 months

What does this mean? It means that if you're an LSD provider, or your token is supported by one, then you can have rock solid LSD pricing for GHOST, entirely with an affordable level of protocol owned liquidity

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unstake.fi

@unstake_fi

6 months

@MikeR_AM @eris_protocol @Quark_Protocol @BackBone_Labs @quicksilverzone Hopefully we can help out with instant and atomic migration between providers too. Lower barrier to exit = a requirement to compete more on value creation for user retention

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unstake.fi

@unstake_fi

4 months

A core thesis of the Unstake protocol is that LSD token pairs are incredibly capital efficient. 50% of the pool - the entire ask side - can be routed directly to the underlying LSD protocol, instead of sat as dead capital in a pool

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unstake.fi

@unstake_fi

7 months

will remove the unbonding periods for all of these tokens, on all IBC-enabled chains

UNSTAKE.FI

The Instant Unstaking protocol for the interchain. Don't Wait. Unstake.

unstake.fi

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unstake.fi

@unstake_fi

6 months

Don't Wait...

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unstake.fi

@unstake_fi

4 months

It's then Unstake's job to provide the best bid price to sellers of the LSD token, effectively covering the other side of the order book. With ampKUJI already we do this at a better rate than can be achieved in a market swap on FIN

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unstake.fi

@unstake_fi

6 months

The app is now configured to connect to Testnet only, via the excellent @leap_cosmos to instantly Unstake ampKUJI from @eris_protocol (more options coming soon)

UNSTAKE.FI

The Instant Unstaking protocol for the interchain. Don't Wait. Unstake.

unstake.fi

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unstake.fi

@unstake_fi

7 months

Simply, you sell your liquid locked tokens to Unstake, and Unstake gives you back the underlying assets, immediately.

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unstake.fi

@unstake_fi

6 months

Contracts on their way…

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unstake.fi

@unstake_fi

3 months

The reserves act as a guarantee against increasing GHOST borrow rates during the unbonding period. When an Unstake begins, the maximum allocation of the reserves is removed and allocated to that specific Unstake

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unstake.fi

@unstake_fi

3 months

We'll be keeping a close eye on the value of reserve deposits, and rendering it in the UI once numbers become clearer

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unstake.fi

@unstake_fi

6 months

Lastly. And most importantly. Wen? Well we hope to be on testnet within two weeks. At this point, the ui and the contracts will be fully open sourced

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unstake.fi

@unstake_fi

7 months

Staking/bonding tokens is commonplace across all of defi. Whether that be LSTs like @stride_zone and @eris_protocol , LP tokens on @osmosiszone , or governance tokens on @Manta_DAO

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unstake.fi

@unstake_fi

4 months

$1 in the reserve of an Unstake contract will support $8.80 of sells at 0.2% from the protocol rate. That same $1 of liquidity in an XYK pool will only support a $0.05 sell within 10% of the protocol rate.

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unstake.fi

@unstake_fi

4 months

What's more, liquidity is significantly cheaper to provide. Unstake taps into the native liquidity on Kujira's GHOST. The only extra needed is an allocation to the "reserve" which is at marginally higher risk, but earns its own APR.

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unstake.fi

@unstake_fi

6 months

@AirdropGlideapp Thanks for the mention! Just for clarity - Unstake isn’t an LSD, it’s a protocol to facilitate instant unbonding of _any_ bonded tokens. stATOM, ampKUJI, Bonded Osmosis LP tokens…etc

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unstake.fi

@unstake_fi

7 months

We do this by leveraging the unique infrastructure of the Kujira blockchain - the money market GHOST, and the interchain queries & accounts for CosmWasm developers

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unstake.fi

@unstake_fi

3 months

When that Unstake completes, the difference between the offered rate, and the actual rate, is retained as a protocol fee. 50% is sent to the protocol revenue pot, and the other 50% is retained in the reserves, in order to bootstrap liquidity

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unstake.fi

@unstake_fi

6 months

When you use Unstake, the protocol borrows from GHOST during the unbonding period, and therefore must pay the interest rate to the Vault The problem - predicting what the total interest amount will be over the course of the unbonding period

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unstake.fi

@unstake_fi

7 months

@beto2391 @TeamKujira Just a round number that got it close to 1:1 with staked kuji

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unstake.fi

@unstake_fi

3 months

Therefore, as the contract process Unstaking, the reserve allocated 50% accrues to your deposit contribution, making the Unstake receipt token a yield generating token, just like $xUSK

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unstake.fi

@unstake_fi

4 months

So, in a world where LSD token pairs are redundant, on CLOBs and AMMs, how do we enable LSD tokens on DeFI protocols for collateral, for perps, and for anything else that needs pricing?

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unstake.fi

@unstake_fi

7 months

🪂

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unstake.fi

@unstake_fi

3 months

In Unstake v1, an initial donation was required to the reserves to begin that bootstrapping process, and was locked once deposited. In this v2, you're now issued a receipt token - just like when you deposit to GHOST, or get LP tokens from BOW

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unstake.fi

@unstake_fi

7 months

They all have very valid reasons for introducing time-locks on these staked tokens, but for you, the user, having to wait for two or three weeks is horrible UX

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unstake.fi

@unstake_fi

6 months

It also means that during periods of high interest rates the total in-flight can increase, as the max shortfall between offered rate and max rate is smaller.

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unstake.fi

@unstake_fi

6 months

The maximum amount from unbonding is 120 ATOM. We want to offer you as close to that as possible The absolute maximum that Unstake will have to pay GHOST is 3 weeks x 200% x 120 ATOM = 13.85 ATOM This creates the worst-case boundary; a return of 106.15 ATOM - an 11.6% fee

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unstake.fi

@unstake_fi

6 months

@KPeruggi @CryptoHarry_ That’s exactly it. Protocol will have certain risk parameters and reserve funds to be able to offer good rates whilst also protecting against interest rate spikes during unbonding

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unstake.fi

@unstake_fi

6 months

When the Unstake is executed, the max shortfall is committed from the reserves, and only released once the unbonding period is complete, and the actual interest confirmed. If the rate doesn’t change, the reserve isn’t used This ensures there will always be funds to repay GHOST

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unstake.fi

@unstake_fi

6 months

@const_amit It achieves a similar thing, but leverages GHOST for shared liquidity instead of relying on a second source of liquidity in BOW deposits. The ask side of the lsd strategy is dead capital where the contract can auto-balance by bonding. Unstake provides the bid side

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unstake.fi

@unstake_fi

6 months

This is clearly way more than is reasonable to pay However we also know that GHOST vaults typically restore to ~60% utilization pretty quickly when they’re over-subscribed. At a typical interest rate of 8%, the 3 week unbonding will cost 0.55 ATOM; 0.46%, much more reasonable

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unstake.fi

@unstake_fi

6 months

If Unstake makes an offer at 0.46%, and the rate increases beyond 8% during the 3 weeks, it won’t be able to repay GHOST That’s not ideal. Neither is paying over 11% to Unstake So it’s the job of Unstake to offer as close to 0.46% as possible, whilst remaining solvent

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unstake.fi

@unstake_fi

6 months

@r0mee1 @TeamKujira

unstake.fi

@unstake_fi

6 months

@const_amit It achieves a similar thing, but leverages GHOST for shared liquidity instead of relying on a second source of liquidity in BOW deposits. The ask side of the lsd strategy is dead capital where the contract can auto-balance by bonding. Unstake provides the bid side

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unstake.fi

@unstake_fi

6 months

Let’s take some example numbers. Let’s say you’re Unstaking 100 stATOM Let’s say the protocol redemption rate to ATOM is 1.2 Let’s say the current interest rate to borrow ATOM from GHOST is 8% Let’s say the maximum interest rate is 200% Let’s say the unbonding period is 3 weeks

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unstake.fi

@unstake_fi

6 months

This is where the reserves kick in In the example above, the maximum shortfall is 13.85 (max cost) - 0.55 (agreed rate) = 13.30 This Unstake will only be offered if the reserve fund is greater than the maximum shortfall.

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unstake.fi

@unstake_fi

6 months

This also means that the maximum amount of “in-flight” unbonding tokens is constrained by the size of the reserve. Therefore there will be a parameter set to charge an extra fee when rates are low, in order to increase the size of the reserve during these period of low interest

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unstake.fi

@unstake_fi

6 months

@KPeruggi @CryptoHarry_ All in good time ser

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unstake.fi

@unstake_fi

6 months

This will present as a “minimum rate” offered by the protocol. When the actual GHOST interest rate is lower, any surplus is allocated to the reserve. This also protects the protocol from abuse when rates are exceptionally low, and more likely to increase and consume the reserves

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unstake.fi

@unstake_fi

6 months

@felixls4k Certainly does

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unstake.fi

@unstake_fi

6 months

@Serial_Shiller @TeamKujira

unstake.fi

@unstake_fi

6 months

@KUJitalia @CryptoHarry_ @c3drikNarwhal @KPeruggi It’s 2x more capital efficient, and it concentrates liquidity in ghost, rather than fracturing it in another contract

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unstake.fi

@unstake_fi

6 months

@AndersArmelius There will be a protocol fee on top of the offer rate

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