Thank you for providing the detailed calculation process. This is an elaborate system which clearly supports your vision.
For context, here is the example provided in the document provided:
Assuming the parameters require adjustments for each chain you provide LST services for, what would be your proposed set of parameters and the associated weights for the dYdX chain ?
Please find the list of validators, individual weights, and the parameters here.
Please note that the list (including new validators and individual weights) may vary on a daily basis after launch.
This will be transferred in a live dashboard sooner or later I think?
Yes, just like the stkOSMO decentralization validator dashboard, a transparent view of stkDYDX will go live on the pSTAKE dApp soon after launch.
stkDYDX Launch Update - 29 January 2024
It’s an exciting time for the dYdX community as the v3 upgrade is scheduled for today. Besides Inter Chain Accounts on dYdX, the biggest pre-requisitie for stkDYDX launch was completing an additional security audit.
- The additional Oak Security audit for stkDYDX, especially the no-click auto-compounding of DYDX and USDC staking rewards, has now been concluded. All the audit findings were fixed over the last weekend with a final acknowledgement done.
- The final audit report, once received, will be published on the Persistence One Github.
- The pSTAKE Snapshot Signaling proposal to launch DYDX liquid staking has passed.
- A Persistence One chain upgrade proposal is expected to go live today to make the audit changes on Mainnet.
- After 5 days of $XPRT governance voting followed by rigorous mainnet testing, stkDYDX is expected to launch sometime in the week starting 5 February 2024.
- A stkDYDX/DYDX pool is also expected to launch on Dexter on Persistence One around the same time.
DYDX liquid staking that decentralizes the dYdX chain is right around the corner and we couldn’t be more excited to bring stkDYDX to the community in a secure and seamless fashion.
stkDYDX Launch Update - 2 February 2024
Secure, decentralized DYDX liquid staking with stkDYDX on Persistence One is right around the corner. Here are the latest updates on the stkDYDX launch next week (launch date to be announced soon).
[Governance and Timeline]
Persistence One Prop #68 to upgrade the chain for stkDYDX launch has reached quorum and is expected to pass XPRT governance on 3 Feb 2024.
Persistence One Prop #71 is live on the chain to create new stkDYDX liquidity pool on Dexter with 300,000 PSTAKE incentives on 7 Feb 2024.
The anticipation of the stkDYDX launch is a perfect time to revisit its differences and benefits it brings to the dYdX community.
- 0% liquid staking fee
- No-click autocompounding of DYDX and USDC staking rewards
- Flash Unstake feature
- Decentralizing the dYdX chain with a custom-built DYDX stake delegation model
Will it be 0% liquid staking fee forever?
Or will there be a future service fee for providing the liquid staking service in the future?
pSTAKE’s protocol fee is an important attribute decided by governance.
0% fee has been approved by governance for an initial period of 2 months after launch.
stkDYDX Launch Update - 6 February 2024
After a successful Persistence Core-1 chain v10.4 upgrade on 5 Feb 2024, stkDYDX is live on a staging environment on mainnet.
Next steps involve testing of all protocol functions like liquid staking, unstaking, and auto-compounding alongside IBC and relayer operations on the mainnet before a secure, public launch.
Oak Security has sent us their furbished and final stkDYDX audit report. This will be posted on our public GitHub everyone’s viewing in the coming days.
We’ll keep everyone posted leading up the public launch of stkDYDX.
stkDYDX Launch Update - 13 February 2024
Exciting news for the dYdX Community!
stkDYDX is launching on 13 February 2024 at 2 PM UTC.
We’re elated to bring a product that is made keeping in mind the dYdX community at the forefront.
We look forward to everyone’s feedback once stkDYDX is laucnhed.
stkDYDX Launch Update
DYDX liquid staking is NOW LIVE on Persistence One. A stkDYDX Metastable pool is also live on Dexter.
We’re really excited to bring some notable liquid staking improvements and advances to the dYdX Community.
→ 0% liquid staking fees
→ 300,000 $PSTAKE tokens Launch LP incentives
→ No-click auto-compounding of USDC staking rewards
→ Custom-built for dYdX chain decentralization
→ Extra secure with a dedicated stkDYDX audit by Oak Security
Appreciate the consistent reporting here–good to see these mechanisms in action. For those who don’t use the liquid staking feature it would great to see some more analytics on the forum as usage increases too!