Deq Staked AVAIL STAVAIL Price

What is Deq Staked AVAIL (STAVAIL)?

Deq Staked AVAIL $STAVAIL is an $ERC20 token operating on the Ethereum blockchain. It symbolizes staked Avail tokens, accruing value over time through staking rewards distributed on the Avail network. As a non-rebasing token, $STAVAIL maintains a constant balance in users' wallets, simplifying integration with various decentralized finance (DeFi) protocols.

Background and Development of Deq

Deq is a decentralized finance application offering native liquid staking for $Avail tokens on the Ethereum Layer 1 chain. It enables users to mint $STAVAIL tokens using $Avail ERC20 tokens, which accrue staking rewards from the Avail data availability chain. This process allows $STAVAIL holders to benefit from staking rewards while maintaining liquidity.

The Deq protocol charges a flat 10% fee on rewards earned (in $AVAIL). This value has been chosen carefully based on a long-term intention of running a sustainable staking service. Deq is part of a broader ecosystem aimed at enriching the Avail network with additional utility and functionality over time, contributing to a flourishing ecosystem of products where staying inside the ecosystem is preferable to leaving it.

Key Features of Deq Staked AVAIL $STAVAIL

• Liquid Staking: Users can stake their $Avail tokens and receive $STAVAIL tokens in return, allowing them to earn staking rewards while retaining the ability to participate in other DeFi activities.
   
• Non-Rebasing Token: As a non-rebasing token, $STAVAIL maintains a constant balance in users' wallets, facilitating seamless integration with existing DeFi protocols.
   
• Yield-Bearing Asset: $STAVAIL tokens accrue value over time based on staking rewards distributed on the Avail network, providing holders with a passive income stream.

Use Cases and Versatility

• DeFi Integration: $STAVAIL tokens can be utilized in various DeFi applications, including lending platforms and options markets, enhancing their utility within the ecosystem.
   
• Liquidity Provision: Holders can provide liquidity using $STAVAIL across decentralized exchanges (DEXs), contributing to the overall liquidity and stability of the Avail token ecosystem.
   
• Native Yield with Liquid Staking: By minting $STAVAIL tokens, users can earn staking rewards while simultaneously leveraging DeFi opportunities, optimizing their returns.

Conclusion

Deq Staked AVAIL $STAVAIL represents a significant advancement in the DeFi space, offering users the ability to stake Avail tokens while maintaining liquidity and earning rewards. Its design as a non-rebasing, yield-bearing asset ensures compatibility with existing DeFi protocols, enhancing its versatility and potential impact on the blockchain industry.

What is unique about Deq Staked AVAIL (STAVAIL)?

Deq Staked AVAIL $STAVAIL is unique due to its non-rebasing nature, maintaining a constant balance in users' wallets, which simplifies integration with various DeFi protocols.

Who are the founders of Deq Staked AVAIL (STAVAIL)?

The founders of Deq Staked AVAIL $STAVAIL are not publicly disclosed.

Who are the backers/investors of Deq Staked AVAIL (STAVAIL)?

Specific backers or partners of Deq Staked AVAIL $STAVAIL are not publicly disclosed.

Where can I buy Deq Staked AVAIL (STAVAIL)?

 Uniswap V3 (Ethereum)