StakeHouse dApp
This page describes the StakeHouse dApp, its revenue model, integration with the Ecosystem, and the problems it solves.
Last updated
This page describes the StakeHouse dApp, its revenue model, integration with the Ecosystem, and the problems it solves.
Last updated
The StakeHouse is an integrated Token Locker + On-Demand Staking Platform, providing a secure and flexible platform for locking and distributing digital assets.
The mis-management of LP tokens is the number one cause of scams in DeFi. The StakeHouse was created so that the basic management of LP Tokens is free for everyone.
By offering developers free token locks for their projects LP Tokens, the StakeHouse ensures they are a client of Geeks Ecosystem before their token has done $1 of volume.
The StakeHouse has two primary functions:
1) Allowing anyone to lock ERC-20 assets for free.
2) Selling on-demand, customized, Staking/Revenue Sharing platforms that can be purchased for a small one-time payment and no recurring fees.
Integrating the token locker with the staking platform results in a robust management platform for EVM developers, and a central hub for DeFi investors looking for DeFi protocols to participate in and engage with.
Many of the most popular Token Lockers available have a flat fee for locking LP, and many Lockers also take a percentage of LP deposited, often equating to hundreds or even thousands of dollars on top of the flat fee. For example, in 2023 UNCX had 38,000 Token Locks, equating to more than $10,000,000 in Revenue. With hundreds of tokens being created daily, token-locking service providers are making significant amounts of money off of smart contracts that can be written in ~100 lines, and less than 15 minutes.
The StakeHouse is different from any other Token Locker by allowing Developers/Community Managers to lock their tokens / LP tokens in the StakeHouse for no fees and then allowing them to set up a Staking Platform that they can then reward their community with the locked tokens.
This approach provides the investors with the safety and transparency that the project funds (Tokens & LP Tokens) are locked in a DeFi protocol, and allows for one-way flexibility of those tokens to investors.
Therefore, the revenue model for the StakeHouse provides a free token/lp lock, and then an additional payment(s) to unlock StakeHouse Functions.
Level 1 Platform - Enable Rewards in one ERC-20 Token (Fee $1,000)
Level 2 Platform - Enable Rewards in one LP Token, one ERC-20 Token & ETH (Fee $2,000)
A level 1 platform can be later upgraded to a level 2 platform for $1,000
By offering the Token Locks for free (initially on ETH, BSC, and Base) the StakeHouse eliminates any fees going to other competitors in the token locking space and creates a direct line of communication to dozens of Developers daily.
Many of those Developers will want to provide their communities with rewards and stabilize their token’s price action through developing a Staking Platform, and the StakeHouse becomes an on-demand option where they will be able to create a custom deposit-based staking platform for their community in less than a minute for rates far below market averages.
The build time for a staking platform is often 1-2 weeks, sometimes longer for more complicated builds, and the service fee ranges from $3,000 - $25,000. Making a dependable staking platform built in less than 1 minute for $1,000 a highly valuable service.
For the more serious projects that are interested in providing rewards in ETH and possibly even their project's LP Tokens which often have a lot of stored value, the cost of $1,000 is negligible for many established projects to be able to offer those rewards as well, and far cheaper and faster than they could get built elsewhere.
The StakeHouse will operate on a pro-rated, deposit-based system that pays Stakers based on their percent ownership of the staking pool.
When a User accesses the StakeHouse dApp, they will be presented with options "Staker Dashboard" and "Developer Dashboard".
In the Developer Dashboard, there will be two options, "Lock LP / Tokens", or "Set Up Staking Pool". Developers will not need to have their LP Tokens Locked with the StakeHouse to set up a Staking Pool.
When setting up a Staking Pool the Developer will choose the lock time (in days) and the early withdrawal fee (in % Tokens) and whether they want to reward in just Tokens ($1,000) or Tokens, LP Tokens, and ETH ($2,000). Once the staking is enabled, on the “Staker Dashboard” an Investor can see a list of all active Pools.
On the Token Lock page of the Developer Dashboard, they can manage their locked Tokens & LP Tokens. If a Developer has both a Token Lock & Staking Pool, they will be able to deposit Tokens (If Staking Platform Lv1) / LP Tokens (If Staking Platform Lv2) into the Staking Pool directly from the Lock.
Investors can search the ID of the Staking Platform(s) they are interested in. On the Staker Dashboard, users will be shown how many tokens they have in the staking platform, their percent ownership of the pool, pending rewards, and claimed rewards.
The platform will allow for DeFi investors to stake tokens in multiple staking protocols and also allow for projects to advertise to Stakers.
Once the dApp is in Testnet, images from the platform will be displayed here.
The Smart Contract for the StakeHouse will be published on GitHub once completed and linked here then.
