Tallinn, Estonia, April 29, 2022 — OneStake, a decentralized finance (DeFi) yield aggregator, claims to be the first total-value-locked (TVL) service protocol that offers the highest APR possible on single staking. The project aims to provide solutions for casual and professional DeFi users along with exposure to the entire yield market.
According to its website, “OneStake is the 1inch Network in the field of yield protocols.”
TVL-as-a-service
OneStake uses governance mechanics and TVL-as-a-service to provide users with optimal yield opportunities. The protocol’s decentralized autonomous organization analyzes all the assets and protocols interacting with OneStake before whitelisting and groups them into one pool. For example, it creates one pool for Bitcoin (BTC), another Ether (ETH) and a final one for stablecoins.
Each of these pools supports several whitelisted tokens according to the group’s criteria. Users can add funds on the protocol to any asset in a pool; then, the protocol automatically creates the coin swaps according to the current strategy in use.
OneStake analyzes the current APR and TVL for all assets of every whitelisted protocol every four hours. Then, it calculates the funds’ allocation to obtain the maximum APR. This process simulates the results according to extra investments in provider pools. Once it encounters optimal distribution, it calculates the rebalancing costs.
This way, if these costs exceed the critical value, the protocol performs new calculations until it finds the best possible distribution — and the protocol will only begin rebalancing once that happens. It collects staking rewards every two hours unless it sells or reinvests them back into the pools.
Reserved by profit: USD Stable-plus Coin
OneStake uses USD Stable-plus Coin (IUSD), an interest-bearing token, to help users obtain the highest possible yield. Every time users deposit funds, the protocol mints IUSD tokens and burns them whenever a withdrawal occurs….
