💸Value Propositions

What makes Lara a focal point of the Taraxa ecosystem

Summary: This section describes why you're supposed to use Lara:

• seamless and liquid staking

• no KYC required

• democratizing stake

• maximizing staking APY

Staking - Problem Statement

Since DPOS staking is in place, Taraxa enthusiasts have been facing several difficulties in reaping the benefits of the chain's enticing APY. Staking has been about locking one’s tokens in one project for a long time and expecting a fixed, predetermined staking reward in return. While it guarantees the return on staked tokens much like a bond, it also limits the opportunities of generating higher returns on those tokens from the DeFi ecosystem. If you’ve staked all of your crypto holdings, you can’t invest or trade in more profitable crypto pairs on exchanges. This is especially painful with the current protocol-level 30-day un-delegation period in place.

Solution​

Liquid staking allows the use of the st[TARA] in other trading opportunities to let the user get the best of both worlds - a reward on your staked tokens, as well as the returns from new trading opportunities. Liquid staking introduces various fundamental benefits:

• Making the staking process simple - no need to worry about hardware setup and maintenance in case you're thinking about running a node, not even about on-chain interactions with the DPOS contract or any other sophisticated on-chain process;

• Making it possible to maximize rewards without the technical knowledge of writing complex scripts and listening to on-chain activity;

• Providing the st[TARA] , a building block for other applications and protocols (e.g., as collateral in lending or other trading DeFi solutions). Liquid staking allows maximizing the potential while having the best of both worlds;

• Providing an alternative to or even encompassing exchange staking, solo staking, and other semi-custodial and decentralized protocols;

Let Lara slowly fill your savings tank

Reducing required on-chain activity

Lara's first and most important goal is to make staking and with it the Taraxa ecosystem, reachable to non-degens. There's a vast ocean of untapped capital out there and we are serious about honoring the goal of Taraxa: implementing real-world use cases. Lara aims to solve this via:

• Reducing staking to a one-click one-signature effort;

• Providing easy-to-understand charts and data about everyone's and the protocol's figures;

• Providing a GraphQL interface where anyone can freely juggle with staking queries: find out what you exactly want;

• Getting rid of validator monitoring: while Lara will not support an internal group of validators, it will make sure that your stake always sits with the best validators;

• Compounding: in case you're a long-term believer in Taraxa, you can stake with Lara, activate the auto-compounding feature, and come back months later to see a nice little return on your return. All this while making added money with the st[TARA] derivative in the emerging Taraxa DeFi ecosystem;

No preferred validators

Lara proposes to not interfere with the validator landscape at any time on Taraxa. Meaning, that there will never be a set of preferred validators Lara will delegate user funds to. Regardless, the minimal requirement for a validator to be seen by Lara is to participate in consensus. With the current technology in place, we see no way to track validators that do not meet these criteria.