About Staking Rewards
StakingRewards.com is a comprehensive platform that provides detailed information on staking opportunities across various cryptocurrencies. It offers users insights into the potential rewards, risks, and mechanisms of staking different digital assets. The platform features a wide array of metrics, including annual yield percentages, staking requirements, and validator details, making it a valuable resource for investors looking to maximize their returns through staking. Additionally, it serves as an educational tool, offering tutorials and guides on how to participate in staking.
PSTAKE Integration into Staking Rewards
Integrating pSTAKE into our website constitutes a product integration as it involves embedding pSTAKE’s liquid staking capabilities directly within our web platform or routing directly to the external staking website. This integration allows users to access and utilize pSTAKE’s staking features through our website, creating a unified and seamless user experience. By incorporating pSTAKE’s staking options, we enhance our website’s functionality and value proposition, offering users the convenience of managing their staking activities in one place.
Scope:
Bitcoin Asset Profile integration: PSTAKE will be integrated on our Bitcoin Asset Section as a Liquid (Re)Staking Option.
Stake APP & Portfolio Integration: We are planning to integrate pSTAKE into our Staking App and Terminal, enabling native staking through StakingRewards.com.
Value Proposition and Goal of the Partnership
The value proposition for pSTAKE through our integration lies in leveraging StakingRewards.com’s optimization for increasing staking participation across its listed assets and protocols. By partnering with us, pSTAKE will benefit from accelerated total value locked (TVL) inflows into its protocol, driven by our platform’s broad user base and trusted reputation in the staking community.
To further align incentives and ensure mutual success, we intend to propose a Reward-Share Program, enabling us to share in the revenue generated by the increased staking activity. This collaboration aims to enhance user engagement, drive significant growth in TVL for pSTAKE, and create a synergistic relationship that benefits both parties.
Staking Provider Fee Structure
Staking Provider Fee
A fee applied to all revenues generated on staked assets that have been deposited through the Staking Rewards front-end.
Referral Revenue Share
The referral fee is calculated based on the total Eligible Deposits, segmented into four tiers:
Referral Tier 1: Up to $25 million – 50% of Referral Revenue
Referral Tier 2: $25 million to $50 million – 60% of Referral Revenue
Referral Tier 3: $50 million to $75 million – 65% of Referral Revenue
Referral Tier 4: Above $75 million – 70% of Referral Revenue
Example Calculation:
For a customer with $100 million in Eligible Deposits, the Referral Fee would be:
- 50% of Referral Revenue on the first $25 million
- 60% on the next $25 million
- 65% on the subsequent $25 million
- 70% on the remaining $25 million
If pSTAKE has $25M in BTC staked assets through StakingRewards’ platform, with a 10% fee on the APY, pSTAKE would pay 50% of this fee (5%) on a monthly basis (0.41% per month). This percentage increases as the TVL from StakingRewards’ platform grows.
Tracking
Staking Rewards can track volumes in two ways:
When native staking is not yet available through a Rev Share link provided by the pSTAKE team.
When native staking is available we typically add memos to transactions in our Stake App for non-Bitcoin assets. Since memos/tagging isn’t supported for Bitcoin, we track the volumes and wallets coming from Staking Rewards and share this data accordingly.
Summary
The pSTAKE proposal outlines a partnership where pSTAKE’s liquid staking capabilities are integrated into our platform. This collaboration aims to increase staking participation and total value locked (TVL) through our user base. The referral fee structure is tiered, offering pSTAKE a share of revenue based on the amount of staked assets generated via our platform. The partnership is designed to mutually benefit both parties by driving TVL growth, enhancing user engagement, and sharing rewards proportionately as the TVL increases.
Through these efforts, StakingRewards.com aims to support pSTAKE expansion, enhance community engagement, and contribute to the overall success and sustainability of the pSTAKE ecosystem.
Lastly, StakingRewards invites any discussion on the matter of the above proposed revenue share before it is put on the pSTAKE Snapshot for governance.
