What is Liquid Collective?

The enterprise-grade liquid staking standard.


Info

Liquid Collective is the secure liquid staking standard: a protocol with multi-chain capabilities designed to meet the needs of institutions, built and run by a collective of leading web3 teams including The Liquid Foundation, Alluvial, Coinbase Cloud, Figment, Kiln, Rome Blockchain Labs, Kraken, Staked, and more. Liquid Collective will be governed in a decentralized manner by a broad and dispersed community of industry participants.

Vision

To empower global participation in securing the decentralized internet.

Mission

To collectively build the most trusted and secure liquid staking standard.

Values

Trust, Collaboration, Excellence,
Transparency, Security, Innovation

Integrators



Technology Providers

KilnKiln (ETH), AcalaAcala (DOT), BENQIRome Blockchain Labs (AVAX)


News


Sep 20 2022

Alluvial Reveals Liquid Collective as Kraken Joins the First Enterprise-Grade Multi-Chain Liquid Staking Protocol

Staking and security leader Kraken joins independent industry consortium to build, secure, and support Liquid Collective’s enterprise-grade liquid staking protocol

Read more from Alluvial

Sep 20 2022

Halborn Audit Completed successfully

Alluvial engaged Halborn, a leading blockchain security firm, to conduct a security audit on Liquid Collective's Ethereum liquid staking smart contracts to ensure that the smart contracts operate as intended and to identify potential security issues.

The Alluvial, Kiln, and Figment teams remediated the issues identified during the audit process and received final validation from Halborn.

View the Halborn audit

FAQ



What is liquid staking?

Liquid staking is a rapidly growing alternative to locking up a user’s tokens and contributing to the security of proof-of-stake blockchains. Whereas traditional methods of staking are subject to bonding and unbonding periods (ranging from days to weeks), liquid staking provides stakers with increased liquidity and capital efficiency. Token holders stake their token and receive a receipt token as evidence of their ownership of their staked token. The receipt token can be transferred, stored, traded, and utilized in DeFi or supported dapps.

What is Liquid Collective?

Liquid Collective is the secure liquid staking standard: a protocol with multi-chain capabilities designed to meet the needs of institutions, built and run by a collective of leading web3 teams. The protocol is stewarded by an independent industry consortium, which includes The Liquid Foundation, Alluvial, Coinbase Cloud, Figment, Kiln, Rome Blockchain Labs, Kraken, Staked, and other web3 industry participants. Liquid Collective will be governed in a decentralized manner by a broad and dispersed community of industry participants.

What is LsETH?

LsETH receipt tokens are minted when users deposit tokens to the protocol and are burned upon redemption. LsETH evidences ownership of the base amount of ETH staked by the user as well as any accrued staking rewards generated by the blockchain network, minus any potential penalties (e.g., slashing) imposed by the network and protocol service fees. For example, when a user stakes ETH, they mint the equivalent LsETH. As the staked ETH accrues additional staking rewards or is slashed, the same LsETH would represent more or less staked ETH and may be redeemable for a different amount of ETH.

How do the cToken and aToken models compare?

The Liquid Collective protocol uses a cToken model for the LsTokens. The cToken evidences ownership of a staked token plus any accrued staking rewards and less any slashing penalties and fees. The conversion rate between the receipt token and the corresponding tokens continues to reflect the staked tokens + staking rewards — penalties and fees. The aToken model continuously updates the supply of a representative token to track the underlying token 1:1. This model can also be referred to as a rebase token model.

Is the Liquid Collective protocol audited?

Yes. Halborn has successfully completed one audit in August and a second audit will be completed in September. The Alluvial, Kiln, and Figment teams remediated the issues identified during the audit process and received final validation from Halborn. View results of the Halborn audit.

Scroll for more →