Stakehouse — Automated Asset Market Maker from Blockswap Network — CommunityNet Incentive Program

BlockSwap Network is a Defi protocol that brings fixed income products to PoS assets, incentivizing existing collateralized interest operators and PoS token holders by making collateralized interests available to all with a stable source of income through fixed income products. Furthermore, it also allows everyday users to avoid dealing with the volatility of crypto assets and the complexity of their collateralization process.

CommunityNet is a purpose-driven Protocol — Market Fit exercise which Blockswap is introducing to the crypto industry as an effective protocol launch exercise. This will be running for the next 5 months and 10% of the total token supply is committed to this initiative through a structured process where users can interact with BlockSwap beta products. This will make the protocol more ossified and stress-tested and bring more awareness and learning about the protocol’s coordination aspects.

CommunityNet Reward Channels:

DEX Liquidity Provision: Allocation is targeted to Uniswap or, going forward other DEX platforms the community can vote and decide. Uniswap pool will be seeded by the team right after the LBP event from the LBP’s proceeds. Uniswap LP rewards shall kick off immediately, enabling cBSN to have ample liquidity. Alternate DEX options will be left to the community to vote and decide.

StakeHouse Reward: StakeHouse will have ~50% of the incentive distribution spread across the next 5 months on various tranches for product testing; LBP tokens will serve as the primary source for token liquidity for participants to partake in the StakeHouse game.

Community Incentives: This is a more refined case to case distribution (total token allocation shall be no more than 15% of incentive allocation) rewarding users who advocate the protocol components through education and other evangelical activities.

OpenSaver & StakeHouse protocols

Blockswap Network will be offering two flagship products to protocol users — OpenSaver and StakeHouse

Open$aver is a Universal Basic Saving that enables anyone to earn a 7% USD yield from their native currency without going through any additional hurdles in crypto. We make sure the yield is perpetual by backing it with a PoS asset collateral on-chain. Open$aver is new architecture from the ground up for a sustainable saving market for the mainstream. Every asset in the Open$aver ecosystem will have a fixed native yield. In this case, $averUSD has 7% which comes from a Bonded PoS Asset collateral backing that deposit. The Market has an opportunity to bond the $averUSD deposit with the PoS Asset keeping 150% collateral ratio and go long on PoS asset value getting a Balanced Exposure. Open$aver smart contract will make sure the assets are maintained with this collateralization ratio.

StakeHouse is an Automated Asset Market Maker (AAM). It is a simple share registry that allows node operators to register their node and associated validators on-chain to permit liquidity abstraction. From a conceptual perspective. It enables stakers to automatically coordinate to create or grow a curated community around a unique purpose and mission with proper economic incentives aligned. For stakers, we have simplified the staking process and isolated the slashing risk where we enable stakers to bring 32ETH and join a specific on-chain staking node called a Stakehouse. In return for their 32 ETH, users receive 24dETH with dETH being a 100% non-slashable 1:1 token to their undying stake (i.e liquid staked ETH) and 8 SLOT tokens which is the perpetual bond token representing the equity of the Stakehouse node.

StakeHouse — CommunityNet Blockswap incentive program, bootstrapping The Genesis Community.

The CommunityNet StakeHouse game is designed to bring more mainstream awareness to how the BlockSwaps ETH2 node coordination layer works intuitively. Important: no actual ETH funds are getting staked in the StakeHouse game. The game requires cBSN tokens to partake. cBSN holders will have the exclusive right to play the StakeHouse game and earn more cBSN based on the leaderboard positions of the top StakeHouses at the end of each month.

As Stakenode is a community development focused and our goal is to build and develop educated communities on top of POS Networks and we already support most POS networks from the Polkadot ecosystem we decided to support Blockswap Team as early believers, and we are proud to announce that we will be one of the Blockswap Network StakeHouse Operators.

We established ELEVATE — Community Ventures LLC Company which is a decentralized VC and a financial layer to Stakenode's operational team. Stakenode will be the operational layer for StakeHouse and along with our partner Tokenswolf we will provide user support and Stakehouse development to deliver the best possible experience for users who join.

Let’s get into the details:

There are two buckets of users in the CommunityNet StakeHouse game:

• Batch Minter: A Minter who stakes cBSN to mint batches of StakeHouse tokens and invites users to join a specific StakeHouse.
• House Member: A normal user who accepts invitations and joins one / many StakeHouses. Requires a minimum balance of cBSN in their wallet to join.

Every actor in the StakeHouse will earn rewards for their role which is calculated based on an end-of-the-month tally. Simplified earning rates are given below for each actor:

• Batchminters collect a base reward for the initial cBSN they lock up to mint the batches, this allows them to invite users to join a StakeHouse (Anyone can be a minter as long as they are willing to stake the required amount of cBSN). More specific details shall be shared in future articles.
• Total batches available to mint in month 1: 36,000 batches ( additional batches will only be available in the next months)
• Users per batch: 4 news users can join.

StakeHouse rewards vary based on a dynamic curve set on two conditions:

• StakeHouse position in the monthly leaderboard based on total members
• Rewards are calculated based on member count and their place in the queue <> StakeHouse density

More details about Stakehouse mechanics and how to join ELEVATE Stakehouse will be coming next few days.

ELEVATE Stakehouse initial batch minters Uniswap Launch Invitation Competition

As operators of ELEVATE StakeHouse and first of all — Community Developers — we announce ELEVATE Initial Batch Minters Invitation Competition to allow more users to enter CommunityNet ELEVATE Stakehouse Incentives.

🚀Competition Rewards 🚀

5 invitations to ELEVATE Stakehouse — 5 x 1000 cBSN tokens drop.

Competition Timing:

Users are more than welcome to join and complete tasks until 04.05.2021 12:00 CET

Competition Tasks:

1. Follow Blockswap, Stakenode, and Elevate Twitter accounts.
2. Join Blockswap Telegram Group
3. Watch PromoTeam interview with Blockswap Team

3. Like and retweet Competition Tweet and tag two friends, and comment with the answer to that question: “What are main Blockswap protocol utilities mentioned in Team interview and how can one benefit from joining CommunityNet incentives?”

4. Send Your Twitter answer screenshot along with Your ETH wallet address needed to distribute cBSN tokens to stakehouse@elevate.cv

💪 💰 🚀 COMPETITION REWARDS DISTRIBUTION 💪 💰 🚀

Five lucky users will be selected and dropped 1000 cBSN tokens needed to join ELEVATE and any other Stakehouse as Batch Minters for 1800% APY. All emails received until 04.05.2021 12:00 CET Time will be accepted as valid competition entries and will be revised for cBSN drop.

Stay tuned for more upcoming StakeHouse announcements.

In the meantime, users can participate in the cBSN Uniswap Staking Pool earning 700% APY for the first month: https://blog.blockswap.network/cbsn-staking-on-uniswap-700-apy-month-1-schedule-3a47f63de0e9

Uniswap is now live to acquire cBSN needed to join the StakeHouse game: https://info.uniswap.org/pair/0x67c32c5c035feb198ee203d43c81e2c18effa759

Stakenode:

• Telegram: https://t.me/stakenode_support
• Twitter: https://twitter.com/stakenode_dev
• email: support@stakenode.dev
• email: jimmytudeski@stakenode.dev

ELEVATE:

• Twitter: https://twitter.com/Elevate_CV
• email: support@elevate.cv
• email:stakehouse@elevate.cv