ClayStack is a decentralized cross-chain liquid staking protocol that utilizes Distributed Validator Technology (DVT) to enable users to stake their ETH while maintaining liquidity through csETH tokens. This approach allows users to earn uncapped EigenLayer restaked points and CLAY rewards, enhancing yield opportunities in the DeFi ecosystem.
Funding
$5.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CPCFounders
Product
Problem
Users who stake ETH face a trade-off between securing the Ethereum network and participating in decentralized finance (DeFi) activities, as staked ETH is typically locked and illiquid. Existing liquid staking solutions may have limitations, such as capped EigenLayer restaked points, which restricts potential yield opportunities.
Solution
ClayStack is a decentralized cross-chain liquid staking protocol that allows users to stake ETH and maintain liquidity through csETH tokens. By utilizing Distributed Validator Technology (DVT), ClayStack enables users to earn uncapped EigenLayer restaked points and CLAY rewards, enhancing yield opportunities within the DeFi ecosystem. The platform stakes ETH via DVT and natively restakes the tokens on EigenLayer to accrue restaked points. Users receive csETH in their wallet, which can be used for farming, lending, or borrowing to further amplify yield.
Target Audience
The primary target audience includes ETH holders seeking to maximize their yield through staking and restaking while maintaining liquidity, as well as DeFi users looking for opportunities to farm, lend, or borrow against staked ETH representations.
Features
- Distributed Validator Technology (DVT) implementation for Ethereum liquid staking, providing high fault tolerance and a wide operator set.
- Earn uncapped EigenLayer Restaked Points for natively restaked ETH.
- csETH tokens that represent staked ETH, enabling participation in DeFi activities while earning staking rewards, CLAY points, and EigenLayer restaked points.
- Validator Funding Providers (VFP) to offer higher yields for both operators and investors.
- Integration with EigenLayer for native restaking.
- Audited by Nethermind to ensure security.