LST Hub
The Nexus Liquid Staking Hub is designed to tap into the vast potential of liquid staking within the Cosmos ecosystem. By leveraging the Inter Blockchain Communication (IBC) protocol
Market Opportunity
The Cosmos ecosystem has a combined market cap of $112B+
63.8% of the total ATOM supply is currently staked
Only 2% of staked ATOM uses liquid staking protocols (compared to ~47% on Ethereum)
This presents a significant untapped market for liquid staking solutions
Key Components
Nexus Hub: Facilitates staking and unstaking of NIBI, minting stNIBI upon staking
Validator Registry: A curated pool of validators offering attractive APY for users
stNIBI Token: An IBC-compatible tokenfactory token
Rewards Dispatcher: Distributes staking rewards to users
Components
Nexus Hub: Facilitates staking and unstaking of NIBI, minting stNIBI upon staking.
Validator Registry: A curated pool of validators offering attractive APY for users.
stNIBI Token : A IBC compatible tokenfactory token
rewards Dispatcher : Distrubuting staking rewards to user
Token(LST) Pegging Ratio
The ratio of stNIBI to NIBI will be maintained at 1:1 initially, subject to adjustments based on network conditions and validator performance.
Process Flow
Staking: Users stake NIBI and receive stNIBI.
Unstaking: Users return stNIBI to burn and retrieve NIBI after the unbonding period.
Rewards : after unstaking reward dispacther will distribute rewards
WIthdraw unbonded: withdraw unbonded tokens
Liquidity Pool: A pool for NIBI/stNIBI will be created for easy token exchange.
Nexus Fi: BTC Liquid Staking (Coming Soon)
Nexus Fi integrates Bitcoin (BTC) liquid staking, leveraging the innovative Babylon Chain technology. This feature will allow BTC holders to participate in staking while maintaining liquidity and control over their assets.
Key Features
Non-custodial Approach: Users retain control of their BTC throughout the staking process.
Liquid Tokens: Receive tokens representing staked BTC, usable in various DeFi applications.
Babylon Node Integration: Utilizes Babylon Chain's secure and efficient staking infrastructure.
Enhanced Returns: Earn staking rewards while maintaining the ability to participate in DeFi activities.
Integration with Babylon Nodes
Nexus Fi plans to integrate with Babylon nodes to facilitate BTC liquid staking:
Secure Staking: BTC will be staked through Babylon's secure infrastructure, ensuring the safety of user assets.
Proof-of-Stake Participation: Enables BTC holders to participate in PoS-like rewards without giving up custody.
Cross-Chain Benefits: Leverage the security of the Bitcoin network to benefit PoS chains within the Nexus Fi ecosystem.
SImplified LST hub architecture
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