Layered Staked Assets (LSAs)
Last updated
Last updated
Layered Staked Assets are designed to unite Staking and DeFi yields into a single fungible asset. LSAs offer the first Stakable and Restakable representation of DeFi that ensures competitive yields without the need for constant active management, addressing the growing fragmentation in the DeFi space.
Key Features:
Staking Yield or Higher: A new class of assets that combine Staking and DeFi yields.
Restakable: LSAs are a restakable representation of DeFi
Interchain: Enabled by IBC creating a seamless DeFi experience.
DeFi has become too complex for the average user. Managing positions across multiple platforms and earning competitive yields in Defi is now a full time job. Liquid Staking Tokens (LSTs) have significantly helped with this but they have actually contributed to the ever growing fragmentation. Thus, Staking and DeFi yields are now in direct competition leading to sub-optimal capital allocation and reduced yields.
While Restaking opens up many new opportunities, it requires fungibility, which seems to have been lost in DeFi 2.0. And, true interchain abstraction has been constrained by the limitations of current bridging technologies, resulting is a sub-optimal user experience.
LSAs allow users to benefit from both Staking and DeFi yields while reintroducing fungibility back into DeFi, all in a single asset.
Users can swap/stake into this asset seamlessly, without any exposure to the underlying infrastructure and yielding strategies associated with that related asset. LSAs are named after the main underlying asset that they represent such as: qsrOSMO, qsrETH, qsrTIA, etc.
The Asset strategies will include many different yielding primitives such as: Staking, Peg Arbitrage, Borrowing & Lending, Concentrated Liquidity Pools.
Staking Yield or Higher: By rebalancing capital between LST’s and attractive yield destinations, LSAs can guarantee at minimum staking yield, and at the best outperforming DeFi yields .
Unified User Experience: With a one-click swapping/staking interface LSAs remove the complexity of the underlying infrastructure and yielding strategies. They remove the burden of active management and are the only Stakable and Restakable representation of DeFi
Fungible: Liquidity is a paramount objective for users. So the ability to seamlessly utilize LSAs across diverse DeFi ecosystems is fundamental. LSAs ensure broad distribution and accessibility.
One Token, All the Yield: Users will benefit from LP Swap Rewards, Airdrops, Points, Incentives, Staking, Restaking, Defi Yields
Restaking Enables simultaneous liquidity provision and staking even for concentrated liquidity pools. It reintroduces fungibility back into DeFi
Interchain: Quasar ensures that LSA are IBC and Modular ready allowing for seamless interchain operations and yield optimization.
Off-chain computation: LSAs incorporate off-chain computed strategies, creating an edge and agility in deployment that is unachievable by regular slow moving open source vaults.
A unique aspect of our LSA lineup is the ability to restake LSAs, which build upon the innovative concept of single-token aligned Layered Staking Asset (LSA) vaults configured around LSTASSET/ASSET pairs. This advancement enhances the functionality of contemporary A.M.M. frameworks by integrating the concept of superfluid staking into Concentrated Liquidity Positions.
Originally introduced by Osmosis, Superfluid Staking allows for the simultaneous utilization of assets in liquidity provision and staking, maximizing their utility and yield potential. However, it is limited to full-range A.M.M. positions, as these are the only fungible liquidity positions where all participants have the same deposit structure. By bundling user deposits into a vault, representing a pool of users holding the same liquidity position, LSAs re-introduce the concept of superfluid staking into CL, thus increasing underlying capital and utilization.
