👁️Vision
What differentiates us
Most of the liquid staking protocols offer an easy way to stake for high returns. However, on the backside, they either manage the nodes they stake to or they have a close node running circle to which they devote the collected TVL. When it comes to decentralization, this is wrong on so many levels.
Taraxa's DPOS setup enables us to move stakes from one validator to another without any cost. Therefore, we decided to not do the classical scheme of collecting stakes from the community and locking it inside a close group of validators: by definition this is centralization. However, then one could ask how we ensure optimal APY. The answer is simple: by frequently monitoring and moving stakes.
This setup solves the burning problems our counterparts face on Ethereum: centralizing decision-making to a selected group of nodes. Lara, with its unique APY tracking mechanism, embraces any node runner who decides to get on the endeavor of extending the Taraxa network. We will delegate to any node, regardless of the owner, under two circumstances:
However, when we evaluate validators, all factors are taken into consideration:
Current APY
Stability(historic APY)
Commission
Commission volatility(historic APY changes)
Currently, validator data on Taraxa is scattered:
Detailed validator data is available on the Indexer API
Historical APY data available on the Community Site Node Profile page
List of validators ordered by blocks produced on the Taraxa Explorer
We aim to change this two-fold:
We fully believe that the real upside comes from expanding the ecosystem outside of "degens". For this, we aim to downgrade the barrier to entry for staking APY to the following:
Once we confirm that the Lara protocol is viable with all its parameters, we will open the creation & registration of new Validator Oracles to the masses. This will give any Oracle runner huge exposure in securing Taraxa or any other protocol for which Lara provides staking as well as a new stream of income.
A Validator Oracle is a special smart contract that feeds validator scores into the system.
Oracle registration will be available only to those $LARA holders who hit the required staking milestones for it.
Becoming the main Restaking & Lending protocol on Taraxa
Our end goal for Lara is to be the go-to Eigenlayer-like liquid staking provider all across the Taraxa Ecosystem.
What does that mean?
Lara, with all its protocol-layer stakers, will create a huge pot of stake. Protocols creating partnerships with it will be able to tap into this stake via restaking services, thus reusing the pot of TARA staked to provide their own stake-based perks.
Not only that, but we want to create Taraxa's first lending protocol that could use the same stake pot for collateral.
Stay tuned for the advancements on this front as this is a mid- roadmap scope for late 2024.
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