Project Info
Liquefy is a non-custodial liquid staking protocol built on Map Relay Chain. Users can stake their MAP tokens with Liquefy using automated staking strategies and receive interest-bearing version of MAP tokens (liMAP) that can be used in other decentralized protocol on MAP.
The price of liMAP goes up relative to MAP distributed each epoch with rewards being accrued into the underlying staked MAP.
Users can withdraw their MAP at any time by unstaking and waiting for the unlock period (15 days). Users can also directly exchange between liMAP and MAP on secondary markets at the current rate.
Milestone
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Set up Liquefy official validator node. (3-5 Days)
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Develop and deploy program contracts including reward distribution, staking, liMAP token mint&burn, etc. (3 Weeks)
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Audit (1-2 Weeks)
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Beta version online (1 Day)
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More tests and bug fix (2 Weeks)
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Official version release (1 Day)
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Deploy on other chains (Ethereum, Avalanche, Fantom, etc…) (3 Months)
In what aspects of your project can expand the MAP omnichain ecosystem?
By introduction Liquefy protocol and its interest-bearing token ‘liMAP’, users can participate in validator staking rewards distribution without locking up their tokens and lose their liquidity. Other Defi protocol can also utilize ‘liMAP’ as a tool to expand MAP relay chain ecosystem.
its add more value to the $map token