stZIL

Yield Farming

Copy link
Share on X

dapp.avely.fi

Claim company
Report company

Description

Avely, Zilliqa's only liquid staking protocol, allows users to stake ZIL and earn rewards while maintaining liquidity through the stZIL token. stZIL can be used in DeFi apps, providing liquidity for swaps and serving as collateral. Avely enhances asset utilization by solving the traditional "lock-in" issue of staking. With a focus on security, the protocol has undergone comprehensive audits. Future developments include community governance features and potentially a governance token, aiming to introduce new stZIL-based products for enhanced staking benefits.

Socials

Similar companies

Ezil.me

Ezil.me is a dual mining pool for ETH & ZIL, leveraging set intervals for optimized rewards. Offers enhanced profitability, real-time tracking, and easy UI for miners.

Stakely

Stakely offers staking, liquidity mining, and DeFi earnings across various PoS blockchains with a secure, user-friendly platform for digital asset management.

Zilliqa

The world's first high-throughput public blockchain platform.

Alluvial

Alluvial Finance is a DeFi platform enhancing PoS asset liquidity through liquid staking derivatives, facilitating lending, borrowing, and yield farming across various DeFi applications.

Liqee

Liqee is the world’s first decentralized platform for lending, specifically for liquidity mining and yield farming tokens, enabling users to leverage yield-bearing assets securely.

ZILHive

Learn, Build, and Accelerate with Zilliqa through ZILHive's comprehensive support ecosystem.

Zilliqa Capital

The Central Investment Hub for the Zilliqa Blockchain Ecosystem.

SIL.Finance

SIL.Finance is a DeFi platform enabling single-side liquidity provisioning with an auto-hedging mechanism to reduce impermanent loss, facilitating easier staking and yield farming.

Liquidify

Liquidify is a DeFi platform offering tax-free USDT to LP conversions and equal dividends to LP stakers and token holders, promoting liquidity and stability.

ZILD

Protocol of mutual decentralized wealth.

Deq Staked AVAIL

Deq Staked AVAIL is a DeFi platform enabling native liquid staking for Avail tokens on Ethereum, offering stAVAIL as yield-bearing assets usable in wider DeFi sectors.

AquaStake

AquaStake is a liquid staking protocol offering APYs from 100%-500%, tailored to platform volume and staker count.

FAQ

What is Avely and how does it work on the Zilliqa blockchain?

Avely is a liquid staking protocol on the Zilliqa blockchain, designed to allow users to stake ZIL tokens while maintaining liquidity through stZIL tokens. By staking ZIL, users earn staking rewards and are issued stZIL tokens, which they can use across various DeFi applications, providing liquidity for swaps without locking in assets. This service enhances asset utilization by overcoming traditional staking’s limitations.

What are the benefits of using stZIL tokens in the Avely protocol?

stZIL tokens enable users to retain liquidity while earning staking rewards. Unlike traditional staking, where assets are locked, stZIL allows users to participate in the DeFi ecosystem on Zilliqa, facilitating liquidity in swaps and other financial applications. This dual benefit of earning rewards and maintaining liquidity makes stZIL a valuable asset for users engaging in yield farming.

How does Avely's liquid staking compare to traditional staking?

Avely’s liquid staking offers flexibility that traditional staking lacks. In traditional staking, assets are locked for a specific period, restricting liquidity. Avely mitigates this by issuing stZIL tokens, which users can deploy in DeFi applications while still accruing staking rewards. This approach addresses the critical issue of asset lock-in, enhancing user participation and potential returns.

What steps has Avely taken to ensure security for its users?

Avely has committed to user security through comprehensive security audits and a bug bounty program, ensuring robust protection measures are in place. This proactive approach to security helps build trust in the platform, ensuring that users can confidently engage with staking activities and utilize stZIL tokens in DeFi settings without undue risk.

What future developments are planned for Avely?

Avely's upcoming developments include the introduction of community governance features and potentially a governance token, which would enable users to have a say in protocol decisions. Additionally, Avely plans to create new stZIL-based products that further enhance staking benefits, continuously improving user experience and engagement with the Zilliqa ecosystem.

Where can stZIL tokens be used within the Zilliqa ecosystem?

stZIL tokens can be utilized across the Zilliqa ecosystem, mostly in DeFi applications. They provide liquidity for swaps and can also be used as collateral, expanding their utility beyond simple asset holding. This versatility allows users to integrate staking with broader DeFi strategies, maximizing their assets’ productivity.

FAQ

Company is unclaimed. Do you work for or own this company?