LiquidStake

LiquidStake, launched by crypto trading firm DARMA Capital, allowed Ethereum stakers to take out a USDC stablecoin loan against their staked assets while earning staking rewards from the new network. It was made specifically for the Ethereum 2.0 blockchain and was developed because stakers using Ethereum 2.0 in Phase 0 would not be able to withdraw or transfer their stake; this intermediated staking solution was developed to allow stakers access to their capital.

LiquidStake allowed for users to delegate their capital while still being able to use it as collateral to receive USDC loans. The platform did not create new tokens to represent the bonded Ether. There were no minimum staking amounts, and the parent company, Darma, charged interest and performance fees on the staking yield. LiquidStake partnered with other companies to complete certain actions, such as validation and tax management. Some companies that it partnered with included Bison Trails, ConsenSys, Codefi, Figment, OpenLaw, and Lukka.