Note:
If the demo video above isn't displaying, please find a link to it on the GitHub repo that accompanies this project.
What is it?
LiquidEV is a liquid staking protocol on the EVMOS Network that's built for individuals who want to maximize their holdings and supercharge their earnings. It is a platform that allows for automatic staking rewards with no lock-up periods.
With LiquidEV, you can stake your crypto assets for attractive APY and automatically compound staking rewards as LQE tokens (pegged 1:1 to your staked assets). Additionally, you can swap your earned LQE for the original crypto asset you staked without any need for withdrawal periods!
Features
1. Staking
Stake your crypto (either EVMOS or test ERC20s from our faucet) through LiquidEV and start earning rewards (as LQEs proportional to your staked amount, at no extra effort. Beyond the potential appreciation of staked asset, you will also passively earn staking rewards (as a result of your stake, you share in the protocol's revenue as well as any other rewards).
2. Swapping
At any time, you can swap your LQEs back for your original deposited asset. Easy-peasy!
3. Providing Liquidity
Since LQE tokens are ERC20-based derivatives, you can put these earned tokens to further use by providing liquidity to some pools on LiquidEV (such as the EVMOS/LQE pool). Proportional to your added liquidity, you will receive an amount of liquidity pool tokens (LQP). You can also choose to remove said liquidity at any time.
Since LiquidEV employs a StableSwap AMM (partially based on Curve.fi), we offer higher efficiency and lesser price slippage during swapping.
4. Yield Farming -- EVMOS yield
With the liquidity pool tokens (LQP) you've received, you can also put these tokens to further use with yield farming on LiquidEV. By farming your LQP tokens, you automatically earn extra LQE and QTM yield. At any time, you can withdraw by "Harvesting" your farm.
What's Next?
We hope to develop LiquidEV further. We have in our roadmap plans to support more assets (currently limited to LQE and some ERC20s from our faucet) and chains (like Ethereum, Binance, Tron etc). We also plan to add more features that make interacting with earned LQP yield and other assets on the EVMOS Network easier.
Our eventual goal is to expand LiquidEV into a fully-fledged ecosystem with attractive rewards and added flexibility, to allow crypto investors to expand their opportunities and supercharge their earnings!
Log in or sign up for Devpost to join the conversation.