As a next step toward responsible decentralization of the Algorand network, Silvio Micali and Jing Chen share a proposal for further decentralizing Algorand Governance

StakerDAO

Digital Assets

About StakerDAO

StakerDAO is a platform for governing financial assets in a decentralized, secure, and compliant manner. The StakerDAO community builds and manages products for on-chain governance, cross-chain synthetics, and tokenized real-world assets. Blend (BLND) is the first basket token offered by StakerDAO, enabling holders to go in and out of a position without traditional staking lockups and may offer tax advantages versus holding the underlying PoS tokens.

How StakerDAO is using Algorand

Using the Algorand Standard Asset (ASA) functionality, StakerDAO has made it possible for qualified individuals to instantly participate in the Algorand, Tezos, and Cosmos ecosystems. BLND provides both price exposure to these blockchain projects, as well as exposure to the staking rewards these networks generate. The BLND token offers users developing new innovative financial products the ability to leverage the superiority of Algorand’s technology and platform.

StakerDAO Intro with Jonas Lamis

wALGO (wrapped ALGO) is a fully collateralized synthetic representation of ALGO; a collateralized staking position that unlocks the power of DeFi. wALGO will be liquid and may be used to participate in DeFi systems on Ethereum (ERC20) or Algorand (ASA). Interacting with wALGO will likely have no fees at launch. Changes to the fee structure will be managed by the StakerDAO governance process. Each wALGO will be collateralized with 1 Algorand native token (ALGO) and the suite of wALGO contracts will be managed by StakerDAO.

Borderless Capital Invests in and Partners with StakerDAO to Accelerate Access to DeFi Across Algorand Ecosystem

Latest News

Aug 10, 2020
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AiThority

Borderless Capital Invests In And Partners With StakerDAO To Accelerate Access To DeFi Across Algorand Ecosystem

Aug 6, 2020
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TechPope

Borderless Capital Invests in StakerDAO to Accelerate Growth of DeFi Ecosystem

Aug 7, 2020
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Global FinTech Series

Borderless Capital Invests in and Partners with StakerDAO to Accelerate Access to DeFi Across Algorand Ecosystem

Learn more about the Wrapped Algorand (wALGO) proposal

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