Homa is a decentralized liquid staking protocol implemented and deployed as upgradable runtime modules (aka pallets) on both the Acala and Karura networks. Homa protocol will be available as pre-compiled Smart Contracts on the EVM+ platform of both networks. Its staking derivative L-Token are accessible as both native Substrate and ERC-20 tokens.
Proof-of-Stake networks creates an opportunity cost for using their network token in other applications versus staking. If DeFi applications provide a better yield than staking, it could motivate the collective movement of funds from staking to lending, causing a 'bank run' and risking the security of the entire network.
Homa protocol establishes a non-custodial trustless and cross-chain staking pool, where users stake their token and receive a L-Token (e.g. stake DOT and receive LDOT) that represents the principle staked asset plus the staking yield continuously accruing. Homa is designed to provide stakers
liquidity for staked asset in the form of L-Token that is fungible and automatically accruing staking yields
instant withdraws without waiting for unbounding period
1-click staking and earn with ease
Homa is an open, non-custodial and permissionless liquid staking protocol, where any third-party application and protocols can freely integrate and use L-Token to earn staking yield without restrictions.
L-Token is a staking yield bearing token
that can be used as collateral in Acala stablecoin lending, multiply exposure of underlying asset (e.g. DOT, KSM) while earning positive APR
that can be used to provide liquidity in Acalaswap, earning trading fees and staking yield at the same time
that can be held in an account to accrue staking yield without changing the account balance
that is transferrable and easily integrated in other protocols
Homa protocol is available on
Acala Network: this creates a decentralized DOT staking pool, and stakers receive the L-DOT yield bearing asset
Karura Network: this creates a decentralized KSM staking pool, and stakers receive the L-KSM yield bearing asset