Proposal to Explore Liquid Staking Services for SXT
Summary
This proposal requests that the stake.link DAO consider starting discussions with Space and Time to evaluate the possibility of offering liquid staking services for their SXT token. The SXT token was launched on May 8, 2025, and Space and Time already integrates with Chainlink. This could provide an opportunity for stake.link to expand its services and explore potential revenue growth.
Background
Space and Time operates a decentralized data warehouse that uses zero-knowledge proofs to process data securely for blockchain and AI applications. The SXT token, introduced recently, supports staking to secure the network and other functions within the Space and Time ecosystem. stake.link, a liquid staking protocol within the Chainlink ecosystem, could potentially extend its offerings to include SXT, building on the existing connection between Space and Time and Chainlink.
Rationale
Providing liquid staking for SXT could offer stake.link a new source of revenue through service fees. It may also draw users from the Space and Time community, potentially increasing the total value locked in the protocol. Furthermore, this step could enhance collaboration between stake.link and Space and Time, given their mutual ties to Chainlink.
Proposal
We suggest that the stake.link DAO authorizes initial conversations with Space and Time to determine the feasibility of providing liquid staking services for SXT. These discussions would cover a technical review, a market evaluation, and possible partnership terms. This is an exploratory action and does not obligate stake.link to proceed further at this stage.
Implementation Considerations
To offer SXT liquid staking, stake.link would need to integrate with Space and Time’s staking contracts and develop a liquid staking token. Security audits would also be required for any new smart contracts. If approved, the team would contact Space and Time, conduct a feasibility study, and report findings to the DAO.
Risks and Considerations
Technical challenges may arise from integrating with a new staking system, and market demand for SXT liquid staking remains uncertain due to the token’s recent launch. Regulatory factors could also apply. These aspects would be assessed during the exploratory phase.
Conclusion
The launch of SXT and Space and Time’s integration with Chainlink offer stake.link a chance to consider expanding its services. Initiating discussions with Space and Time would allow the DAO to collect information needed to decide on future steps. We invite the DAO to review this proposal and determine whether to pursue this opportunity.