dualSTAKE Overview

dualSTAKE is a family of liquid staking tokens on Algorand that convert protocol staking rewards from ALGO to ASAs.

Each dualSTAKE token pairs ALGO and an ASA into a dual liquid staking token:

  • gobtcALGO dualSTAKE = ALGO + goBTC
  • coopALGO dualSTAKE = ALGO + COOP
  • cosgALGO dualSTAKE = ALGO + COSG
  • etc

dualSTAKE tokens are always at 1:1 rate with ALGO, and accrue rewards in the form of an increasing exchange rate with the paired ASA.

In a nutshell:

  1. Users stake X ALGO + Y ASA, receiving X dualSTAKE tokens.
  2. dualSTAKE smart contracts participate in consensus.
  3. Consensus staking rewards are automatically swapped from ALGO into the paired ASA.
  4. Users later redeem X dualSTAKE tokens for X ALGO, plus Z ASA. Assuming rewards have accrued since the user minted, the Z quantity received will be higher than the initial Y quantity deposited.

Why dualSTAKE?

Benefits for ASA creators:

  • Leverage your community's ALGO into a steady stream of buying pressure for your ASA
    • Incentivize your dualSTAKE token with a permissionless ASA farm
  • Run your dualSTAKE node for 4% node runner fees (paid in ALGO)
  • Provide utility for your ASA via the implicit dualSTAKE token soft-lock

Benefits for users:

  • Stake ALGO + ASA, accrue rewards in your favorite ASA
  • Benefit from dualSTAKE farms offering higher APR (where available)
dualSTAKE works best when incentivized through dualSTAKE farms. Farms are permissionless and can be created or extended by anyone.

Read more about how dualSTAKE works or navigate to a specific section using the menu.