ClayStack (CLAY)

What Is ClayStack?

ClayStack is a next-gen crypto staking platform allowing its users to stake their tokens and participate in the DeFi ecosystem at the same time.

It uses cross-chain oracles and relayers for real-time inter-chain communication, so it enables users to stake their tokens and take part in the DeFi ecosystem concomitantly.

It allows them to deposit tokens to ClayStack smart contracts and earn rewards. But what sets ClayStack apart is that after depositing their tokens, users have the possibility to directly mint 1:1 ERC-20 derivative tokens against their staked tokens. What this means is that they can unlock liquidity. This is how ClayStack bridges the gap between staking and DeFi.

Since you can unlock liquidity and mint derivative/synthetic tokens, you can use them to lend, farm, or trade and thus maximize your earning potential.

ClayStack Unique Features

1:1 staking derivatives that are fungible, transferable, and tradable.

Liquidity providers earn incentives through CLAY tokens to make derivatives markets liquid.

Multi-blockchains support, enabling you to engage with different blockchains at no extra cost.

Everything is transparent and executed on-chain.

No lock-up periods. This means you can sell or transfer your staked tokens whenever you want.

No minimums — you can choose to stake as many tokens as you want.

No compromise with the network’s liquidity, especially during market volatility peaks when investors invest their tokens in other applications.

Roadmap

ClayStack is planning to launch the alpha version of its staking protocol in the third quarter of this year. This version will bring support for over three assets, with the team planning to expand to more chains in the future.

What’s also worth mentioning is that they wish to work closely with the community and make ClayStack a self-sustaining DAO, which can only lead to a more active and loyal community.

We’re still waiting for more information on its token, CLAY, given that liquidity providers can earn incentives through CLAY tokens to make derivatives markets liquid.

ClayStack Token Economy

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Detailed Token Metrics

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Token Distribution

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Token Release Schedule

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Partners & Advisors

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Team Members

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Investors

Coinbase Ventures, Animoca Brands, Hypersphere, Hashed, DeFiance Capital, Genblock Capital, LedgerPrime, Sandeep Nailwal, Stefan George, Solana Ventures, Republic Labs, Spartan Group, Larry Cermak, Meltem Demirrors Coinshares, llllia Polosukhin Near, Raj Gokal Solana, Robert Leshner Compound, Stani Kulechov Aave, Kain Warwick Synthetix, Tarun Chitra Gauntlet