OutStake
A protocol built entirely around yield-bearing tokens, introducing the first non-USD stablecoin model tied to yield rates.
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Key Features
Novel Staking Model
Controls yields generated by yield-bearing tokens and unlocks liquidity of staked assets with an eternal lifecycle for enhanced token utility.
- Novel design different from market
- Unlocks liquidity of staked assets
- Eternal lifecycle with no expiration dates
Enhanced Composability
Standard ERC20 tokens with no expiration dates allow for seamless integration with other DeFi protocols and applications.
- Freely integrated into other DeFi protocols
- Shared liquidity across yield-bearing tokens
- Powerful network effect ecosystem
Multiple Income Streams
Earn from both yield generated by deposits and additional income from trading YT tokens correlated with yield rates.
- Higher returns than other protocols
- YT value tied directly to yield rates
- Fixed yield rates through SP tokens
Omnichain Capability
Universal Principal Token (UPT) enables seamless transfers across different blockchains through LayerZero integration.
- Cross-chain asset transfers
- Amplified network effects
- Shared liquidity across blockchains
Flexible Staking Duration
Users can freely select staking duration, controlling the amount of PT minted and making position expiration time a tradable asset.
- User-controlled staking periods
- Tradable staking positions (SP)
- No forced lock-up periods
Non-USD Stablecoin Model
First non-USD stablecoin model tied to yield rates, allowing users to take long or short positions on yield rates.
- YT serves as yield rate stablecoin
- Mitigated risk of price manipulation
- Decentralized yield rate trading
How OutStake Works
Deposit Assets
Users deposit yield-bearing tokens (like stETH, RWA) or underlying assets (like ETH) into the OutStake protocol.
Tokens that generate yield or have potential yield. Examples include stETH(Lido), sUSDE(Ethena), Stone(StakeStone), and LP tokens.
Standardize Yield (SY)
The protocol wraps yield-bearing tokens into Standardized Yield (SY) tokens based on the ERC5115 standard, providing a unified interface for all yield-bearing tokens. This process happens automatically behind the scenes.
SY is a vault token based on the ERC5115 standard designed to encapsulate yield-bearing tokens. It provides a standardized interface for interacting with any yield-generating mechanism.
Stake & Lock SY Tokens
Users stake their SY tokens and specify a lock-up period. This process mints three types of tokens, each representing different aspects of the yield-bearing token.
Principal Token
Yield Rate Token
Points Yield Token
Represents the principal portion of yield-bearing tokens. Can be encapsulated as SP.
Represents ownership of all yield generated by the underlying assets. Has no expiration date, unlike other protocols.
Represents external protocol points yields (if available).
Encapsulate PT into SP (Optional)
Users holding positions can encapsulate PT tokens, thereby minting the position and PT tokens into transferable SP (Staking Position) tokens, representing the right to redeem the principal upon position maturity.
SP is a token based on the ERC6909 standard used to encapsulate staked positions. It represents ownership of principal redemption rights upon maturity, creating fixed-rate returns based on its trading price.
Multiple Income Streams
Users can now benefit from multiple income sources, each with different risk and return profiles.
Earn from yield rate fluctuations. YT value increases over time as yield accumulates.
Get fixed-rate returns before maturity by trading SP tokens on the market.
Benefit from external protocol points rewards through PYT tokens.
Unlike other protocols, OutStake's tokens have no expiration dates, allowing for greater composability and liquidity in the DeFi ecosystem.
OutStake Token Ecosystem
Principal Token
Represents the principal portion of yield-bearing tokens. PT has no expiration date, allowing for greater composability with other DeFi protocols.
Yield Rate Token
Represents ownership of all yield generated by the underlying assets. YT's value increases over time as the yield pool accumulates, creating a non-USD stablecoin tied to yield rates.
Staking Position
An ERC6909 token that encapsulates staked positions. SP represents ownership of principal redemption rights upon maturity, creating fixed-rate returns based on trading price.
Ready to Start Earning with OutStake?
Join the OutStake protocol today and start earning higher returns with our innovative yield-bearing token model.