ClayStack
ClayStack is a multichain liquid staking platform that allows users to stake their assets, mint staking derivatives, and participate in DeFi.
All edits by Sasipong Magassa
Introduction
ClayStack is a decentralized liquid staking protocol that unlocks the liquidity of staked assets in Proof-of-Stake (PoS) networks. Users can deposit tokens in ClayStack’s smart contracts, which issues csTokens that are fully backed and fully fungible. These tokens increase in value as they receive staking rewards from the network.
Users can also utilize these tokens to participate in other DeFi protocols. The combined yield from staking rewards and participating in DeFi compounds over time, increasing yields for the user.
csTokens
csTokens are standard ERC20 tokens that represent the claim to both the underlying staked tokens and the staking rewards. csTokens continuously appreciate in value with respect to the underlying token, abstracting away the complexity of staking, claiming and re-staking.
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