OneStake Finance


Questions and Answers

What is OneStake❓

OneStake is a next-generation DeFi 2.0 protocol that increases the efficiency of the yield sector and unlocks the liquidity of staked assets with a unique iToken approach.

How does OneStake work❓

OneStake solves every problem for the average or professional DeFi user, from finding new secure high APR protocols to rebalancing and reinvesting profits. The DAO is whitelisting the protocols and assets that OneStake will interact with. Assets from each group are aggregated into one pool. So, the protocol will have three pools: stablecoin, bitcoin, and ether.
Each of these pools will include several whitelisted tokens that meet the criteria for this group. Investing in a pool, a user can enter funds into the protocol in any asset that is included in this pool, and the protocol itself will produce swaps for the desired type of stablecoin or wrap-token, which the strategy is currently using.
The goal of the protocol is to allocate capital as efficiently as possible between DeFi protocols. To do this, the protocol performs the following algorithm:
  1. 1.
    Every 4 hours, OneStake analyses the APR and TVL of all pools of all protocols that have been enabled.
  2. 2.
    The protocol calculates the capital allocation in such a way as to achieve the maximum APR. It is done by simulating the resulting APR, taking into account the impact of additional investment in provider pools.
  3. 3.
    After the most efficient distribution has been found, the rebalancing costs are calculated. If the rebalancing costs more than the critical value, then a new recalculation of the effective distribution is performed. If the cost of rebalancing is within acceptable limits, then the rebalancing itself begins.
  4. 4.
    Every 2 hours, the protocol collects staking rewards (unless the protocol reinvests them), sells them, and reinvests them back into the pools.

Why will ensure the growth of OST token❓

CVX is a gov token of Convex Finance. Convex Finance ensures deep liquidity for Curve. Convex has many pools, and every pool has a reward in CVX. And now the most interesting weighs of distribution are controlled by DAO. So, other projects who are interested in liquidity need to buy CVX, lock it and then vote for themselves.
It is pretty efficient tokenomics model and ensures steady growth of price. OneStake has similar principle. OneStake has only three pools: stables, ETH, BTC, but has many providers (protocols). Later after launch of the protocol we will launch similar governance system as Convex has. But if Convex provides liquidity for projects, OneStake will provide TVL for projects (if they generate good APR). Such way, providers need to buy OST and lock it to vote for their projects to receive a part of TVL (a part of staked assets in OneStake). It will boost TVL of their projects and will generate good APR for OneStake. Win-win.
Moreover, if you locked OST in the governance pool, you will start to receive a part of OneStake’s return (fees in iUSD, iETH, iBTC). That’s why a price will rise, ordinary staker will stake or lock OST, and that will prevent dumping. Providers want to boost their TVL, so they will buy OST, lock it, and vote for themselves to become a part of OneStake Ecosystem.

How do I get the return❓

When you stake a whitelisted coin to a pool, you receive iToken in the amount of 1:1 of the initial deposit. iToken is an interest-bearing token, that will be increasing in amount with interest generating. It is a core part of OneStake Protocol and serves to represent and distribute generated returns between stakers. All you have to do is to watch the amount grow in your wallet.

What products can I use on OneStake❓

  • Staking Pools: You can stake stable, ETH and BTC in one of the three pools
  • Governance Pool: You can lock your OST from 4 weeks to 4 years to get the part of revenue from the OneStake Finance
  • Boost APR: You can stake LP OST/ETH or iUSD/3CRV, iETH/sETH, iBTC/wBTC.
  • UniStake: Same goal – the highest profitability, now on base of Uniswap.

How does OneStake make money❓

The protocol charges two types of fees: Performance Fee and Streaming Fee.
Fees are used for OST buyback and distribution in case of inefficiency. The commission is divided into two parts:
  • 50% is used for veOST rewards
  • 50% goes to the developer of the strategy.

What fees will OneStake charge❓

Performance fee of 20% and a streaming fee of 2%.

Will OneStake be multi-chain❓

The first version of OneStake allows getting the highest APR within the Ethereum ecosystem. But despite all of this, OneStake still has limitations cause it works only on one chain. OneStake Finance v2 will change it forever.
The current multi-chain protocols just deploy the same contracts on other chains and in such a way they become multichain protocols. OneStake v2 will use another cross-chain mechanics.
Graph will abstract interactions across blockchains by using existing bridges and integrating with emerging cross-chain lending protocols and decentralized exchanges. In such way, investors will be able to stake stables in iUSD pool on Ethereum Chain, and it will be automatically bridged on Terra Chain and staked in the pool with the highest APR.

What is OST❓

OST is the native governance token of the OneStake Protocol and DAO.

What is the utility of OST❓

  • Governance — voting for the implementation of new protocols or assets and launching the distribution of tokens in case of inefficiency.
  • Incentives for providing liquidity.
  • Additional staking rewards in case of inefficiency

What is the OST contract address❓

To be advised.

Where can I buy OST❓

The OST token is not yet trading. We will announce when it gets listed on exchanges. However, you may participate in private funding rounds to secure yourself some OST at low price.

How can I earn OST❓

Stake, get incentives, buy it to get more voting power.

What is OneStake DAO❓

The OneStake DAO is a community-led decentralized autonomous organization consisting of OST token holders who, among other things, participate in decision-making on the following matters:
  • adding new protocols to OneStake;
  • adding new assets to the aggregator;
  • changing streaming fee;
  • managing OST incentives distribution;
  • removing protocols and assets from the aggregator;
  • improvements of rebalancing mechanics;
  • managing treasury.

How can I get involved with OneStake❓

You can get involved by joining our growing community to learn and contribute to the Protocol and DAO.