crondex

We propose a multi-chain staking protocol that allows us to deliver a diversified yield across many chains. Crypto prices are very volatile and the staking is usually mainly done on risky assets that have volatility against the dollar. Even Though, the staking rewards might be considerably high, they can be destroyed by a bearish market. Likewise the yields are also volatile and depend on the periods of times, especially yields that are coming from a liquidity provision that depends mainly on the frequency of trades of the protocol. For this Hackaton ,we build a protocol that allows transparently by staking ethereum on the mainnet to access yields from other chains.

To do so we use different interoperability protocols such as connecxt to bridge the liquidity from the mainnet to many other chains such as optimism, polygone and arbitrum and stake that liquidity with different underlyings. The user incurs the staking rewards or could be compounded likewise to increase the absolute yield. This all happens through a user-friendly interface where the user has only to stake his ethereum or unstake when he wants to quit the staked liquidity. The staked Etheruem would lie inside a Vault that is handled by strategy contract that will dispatch the liquidity through the different chains. Among the target protocols we consider beefy finance on arbitrum, Yearn vault on ethereum and Reaper vault on optimism, Spark and compound as well.Technologically.