Minting $stTINY as a Liquid Staking Token (LST)

Proposal Discussion
1

By locking $TINY, you can gain TINY power and also receive an equivalent amount of $stTINY as a liquid staking token, similar to gALGO.

While this increases asset efficiency, it also comes with various risks. I would like us all to discuss these points. Please share your opinions and feedback.

5 Likes
2

Great idea. Having more utility for the token is really important…

1 Like
3

While this approach can enhance asset efficiency, it’s important to consider the associated risks. :thinking:

2 Likes
4

Yes, but stTiny will require some additional utility aside voting to make it adequately efficient

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5

One of the primary benefits to an lst is the yield. Maybe that yield can come from fees

2 Likes
6

Fees are likely not significant for meaningful yield.

2 Likes