StaikaFi Protocol

The StaikaFi Protocol introduces a groundbreaking solution for individuals seeking to optimize the value of their crypto assets, leverage their utility, and access loans in the SUSD stablecoin. As a decentralized on-chain stablecoin protocol, StaikaFi doesn’t limit its operational horizon to just one chain. Initially deployed on the Polygon Network, it swiftly extended its presence to the Ethereum Network and is guided by the Staika Governance Token (STAIKA). But what truly sets StaikaFi Protocol apart is its omnichain functionality. SUSD isn’t constrained by network silos; it boasts in-house capabilities that enable seamless operations across leading Proof of Stake networks. This includes giants like Ethereum, Arbitrum, BNB Chain, Optimism, and the nascent yet promising Polygon zkEVM. This expansive network reach ensures that wherever users might be in the vast DeFi landscape, they can access and benefit from the innovative offerings of the StaikaFi Protocol.

Functioning as a lending platform, the protocol facilitates the provision of SUSD omnichain stablecoins to borrowers who pledge reward-bearing tokens as collateral. By engaging in activities like the DRR, lending, and liquidity provision, borrowers can secure a competitive interest rate based on their collateralised assets. Notably, StaikaFi Protocol prioritises collateral types such as ETH LSTs and ETH LST LPs due to Ethereum’s proof-of-stake mechanism, which represents the largest and most scalable source of crypto yield. StaikaFi also plans to quickly extend the list of LST types accepted as collateral.

A key objective of StaikaFi Protocol is to ensure a sustainable yield that aligns with or exceeds the prevailing inflation rate. By achieving this objective, the protocol empowers users to preserve their wealth and safeguard against the erosive effects of inflation. Through its robust framework, StaikaFi Protocol offers individuals a reliable means to maximize the value of their crypto assets while benefiting from decentralized finance.

StaikaFi Protocol adopts a dual token model comprising SUSD and STAIKA, accompanied by various mechanisms supporting instant conversions, asset collateralisation, borrowing, yield farming, and earning (DRR). Built upon the MakerDAO model, StaikaFi Protocol has undergone significant enhancements to improve capital efficiency, price stability, and omnichain usability. Notably, the over-collateralisation of SUSD through reward-bearing tokens, particularly LSTs, stands as a key differentiator for the protocol, unlocking the most scalable source of yield in the crypto industry.

The inclusion of reward-bearing tokens introduces a new layer of DeFi composability, enabling users to further optimize their yields within the DeFi space. By utilizing SUSD, users gain access to additional yield-earning opportunities that complement the yield generated by their collateral. This integration expands the possibilities for StaikaFi users to maximize their returns and fully capitalize on their assets’ potential in the DeFi ecosystem. Whether engaging in lending, liquidity provision, or other yield-generating activities, SUSD provides users with a versatile tool to amplify their profit potential and enhance their overall DeFi experience.

SUSD has been designed to be natively omnichain, facilitating seamless minting and burning across multiple blockchains. This unique feature offers users a capital-efficient and cost-effective experience, eliminating the need for unnecessary transactions or conversions between different blockchains.

The StaikaFi Protocol is built on a foundation of community-driven governance, where decisions are made by the holders of STAIKA tokens. These token holders have a crucial role in important processes, such as approving new types of collateral for the protocol. The primary goal of the StaikaFi Protocol is to create a decentralized and inclusive ecosystem where community members actively participate in shaping its future. Additionally, the platform incorporates a vote-escrow (ve) model, which empowers veSTAIKA token holders to actively engage in bi-weekly voting. This allows veSTAIKA voters to have a say in important matters, including the distribution of SUSD rewards to the DRR and STAIKA emissions to Liquidity, Borrowing, and Lending gauges. By integrating STAIKA emissions into DeFi protocols that integrate SUSD, either through direct farming rewards or by providing STAIKA as a voting incentive, StaikaFi Protocol aims to promote transparency and democracy within its governance framework.

Furthermore, the StaikaFi Protocol embraces the opportunity for other DeFi protocols to introduce supplementary voting incentives for veSTAIKA holders, empowering them to exert greater influence over their votes and the redistribution of STAIKA emissions. In cases where third-party protocol rewards contribute to the expansion of Total Value Locked (TVL) in SUSD liquidity, SUSD lending, or the TVL of collateral within the StaikaFi protocol, the distribution of STAIKA emissions will naturally shift towards pools with higher TVL. This approach ensures that the allocation of STAIKA emissions is dynamically aligned with the growth and prosperity of the entire ecosystem, fostering a collaborative and adaptable governance framework.