This proposal seeks stake.link DAO approval for a strategic partnership with Staking Rewards, a leading digital asset staking platform that offers comprehensive data, insights, and tools for both individual and institutional entities. The following outlines the scope and terms of the partnership.
Staking Rewards Overview
Founded in 2018, Staking Rewards is a trusted brand in the staking industry, servicing over 3 million individuals and enterprises. Their platform supports over 100 blockchains and features partnerships with 70+ verified providers. Key highlights include:
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Verified Staking Provider Program ensuring trusted staking options.
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Robust API feed, integrated with companies like Coinbase and Bitcoin Suisse, delivering 1,250+ unique data points across 167 assets and 100,000+ validators.
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Advanced analytics, staking calculators, and market data tools for seamless portfolio management.
Stake.link first connected with Staking Rewards in mid-2024 when Core Contributors initiated outreach to include LINK staking data on the Staking Rewards platform. Recognizing strong demand for LINK staking, Staking Rewards expressed interest in a broader relationship. Negotiations have since produced the strategic partnership terms outlined below.
Proposed Framework and Terms of Partnership
Staking Rewards and stake.link have agreed to the following partnership terms:
- Revenue Sharing:
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Staking Rewards will receive 50% of Core Contributor Fees from referrals made by Staking Rewards to the stake.link protocol.
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This revenue sharing clause applies solely to Core Contributor fees generated by LinkPool.
- Incentive Structure based on Staking Units:
Staking Units:
→ 2 LINK = 1 Staking Unit
→ 1 METIS = 1 Staking Unit
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Tier 1: Up to 250,000 Staking Units staked = 100,000 SDL at 4-year lock
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Tier 2: Up to 500,000 Staking Units staked = 200,000 SDL at 4-year lock
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Tier 3: Up to 750,000 Staking Units staked = 300,000 SDL at 4-year lock
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Tier 4: Up to 1,000,000 Staking Units staked = 400,000 SDL at 4-year lock
How It Works:
- Total Staking Units = (Number of LINK staked × 0.5) + (Number of METIS staked × 1)
SDL rewards are earned based on the total Staking Units contributed through stake.link.
Example:
If Staking Rewards were to stake 300,000 LINK and 100,000 METIS:
- LINK: 300,000 × 0.5 = 150,000 Staking Units
- METIS: 100,000 × 1 = 100,000 Staking Units
- Total: 200,000 + 100,000 = 250,000 Staking Units
- Staking Rewards would qualify for Tier 1, earning 100,000 SDL at a 4-year lock.
Rationale
Staking Rewards is a trusted name in the staking space, providing restakersdata, insights, and staking products for millions of users. Their platform supports over 100 blockchains and partners with top providers, ensuring access to trusted staking solutions. Their API integration with major platforms like Coinbase and Bitcoin Suisse further demonstrates their credibility and stature in the space.
This partnership aligns with stake.link’s long-term goals by:
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Driving TVL growth and visibility
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Expanding reach among retail and enterprise users, unlocking opportunities for broader adoption
With Staking Rewards’ extensive reach and proven track record, this partnership has the potential to significantly accelerate stake.link’s adoption and impact.
Conclusion
We believe this strategic partnership represents a pivotal moment for stake.link. Staking Rewards’ established reputation and industry reach uniquely position both parties for mutually beneficial growth. Their professional values and core ethos align closely with our own, creating a strong foundation for a long-term, symbiotic relationship.
Approval of this partnership will enable stake.link to expand its presence, attract more stakers, and solidify its position in the staking ecosystem.