This is the biweekly project progress report of Aspida. This series of articles will cover the progress situations of Aspida in product development, business partnerships, social media activities, and community conditions. Other sections will be published in the future.
Product Development
This section will outline the development progress of each functional module of the Aspida. Aspida is a native liquid staking network which provides security, liquidity and optimized native rewards. It features easy accessibility, allowing users across different layers/networks to earn staking ETH yield.
Mint Token Module
dETH
dETH constitutes the deposit certificate of the native ETH token.
In the initial design of Aspida:
dETH can be minted with ETH or stETH at a 1:1 ratio and withdrawn into native ETH via unstaking; or users could simply exchange between dETH and ETH/stETH via Aspida’s native liquidity module.
Stake Module
sdETH
sdETH is staking certificate by Aspida staking tokens, an ERC-4626 compliant vault that is minted upon dETH staking.
In the initial design of Aspida:
Users can stake their dETH into sdETH to capture Ethereum’s staking yield. This structural leveraged yield will be higher than the native staking yield. Furthermore, the more dETH that is non-staked, the higher the sdETH yield users will gain.
Other Modules
Other functional modules of Aspida, such as the Withdrawal Module, Reserve Module, Node Operators Module, and Safe Module, are under development. The development progress will be revealed one by one in subsequent biweekly reports.
Business Partnerships
This section will outline the partnerships that Aspida is attempting to establish/has already established. We have been making our best efforts to expand Aspida’s influence in LSDFi, and increase users’ yields.
SSV
Aspida is attempting to partner with SSV Network meanwhile applying for the SSV grants.Initial proposal is under the SSV grant committee‘s review. Detailed progress will be disclosed in the near future.
Social Media Activities
This section will outline/preview the activities that Aspida is conducting or about to launch. The forms of activity incentives are diverse, with NFTs and integrations being the main forms of incentives for Aspida’s current stage.
Testnet Launch Activity
The testnet launch activity will be coming soon, stay tuned!
Community Conditions
This section will outline Aspida’s community activities such as key community calls and handpicked community FAQs. We encourage users to actively participate in community building and provide valuable suggestions for Aspida’s development.
Handpicked Community FAQs
What is Aspida？
Aspida is a native liquid staking network which provides security, liquidity and optimized native rewards. It features easy accessibility, allowing users across different layers/networks to earn staking ETH yield.
Is it safe to use Aspida?
Yes. Aspida has security modules to reduce users’ slashing risks.
1. Aspida owns security measures;
2. Aspida protocol is non-custodial, minimizing counterparty risk;
3. Aspida’s codebase is open-source;
4. Aspida pledges ongoing audits of its smart contracts;
5. Aspida minimizes stakers’ staking risk through its cohort of veteran node operators.
Conclusion
Although Aspida is a newly established LSD project, our team is making every effort to build it. We welcome users to join our community and provide valuable suggestions for Aspida development. We will regularly disclose project details, maximize the transparency, and share the joy of milestones with contributors. Thanks for supporting us.
Leave a Reply