The Good Tech Companies - Ike Goes Live On Mainnet: Unlocking Liquid Staking On Aleph Zero

Episode Date: November 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/ike-goes-live-on-mainnet-unlocking-liquid-staking-on-aleph-zero-fu4pwvs. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #ike, #chainwire, #press-release, #ike-announcement, #blockchain-development, #alephzero, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Ike goes live on Mainnet, unlocking liquid staking on AllF0. By Chainwire. London, United Kingdom, November 21, 2024, Chainwire, Ike is proud to announce the official launch of its liquid staking token, LST, SA0, on AllF0. This milestone provides the AllF0 community with a new way to engage with the network by offering staking flexibility without compromising on rewards. What is SA0? SA0 is IEC's native liquid staking token, designed to enhance the staking experience on AllF0.

With SA0, users can stake their AZERO tokens to support network security and earn rewards, all while keeping their assets liquid. This means they can use SAW Zero tokens across all FZERO's ecosystem, unlocking new opportunities for participation and growth. Meaning, SAW Zero empowers users to stake and use, at the same time. SAW Zero benefits liquidity meets rewards. Users receive SAW Zero tokens in exchange for their staked AZERO, enabling them to stay liquid while continuing to earn rewards. Smooth integration. SAW Zero seamlessly integrates with All F-Zero's growing DeFi ecosystem, creating more utility and value for stakers.

Stronger network security. By encouraging greater participation in staking, SAW Zero supports the overall security and resilience of the all F-Zero network. Building toward progressive DE centralization The launch of SAW Zero is a significant step in Ike's roadmap toward progressive decentralization. Ensuring most of the slots are open for permissionless entry when governance live, Ike launched with seven initial validators including Deutsche Telekom and STC Bahrain. As part of this journey, Ike will soon introduce community-driven governance features, including permissionless validator registration, initially scaling to have 30 slots with a fully transparent and chain bonding process.

This will enable a dynamic and competitive validator ecosystem, with the community playing a central role in decision-making. Steven Novenstern, founder at Ike, commented greater than, the mainnet launch of SAW Zero marks an exciting moment for both Ike and the Aleph Zero community. SAW Zero offers a powerful tool for staking while maintaining greater than liquidity, and it's just the beginning of our commitment to building a greater-than-decentralized, community-driven ecosystem. From the inception of the Ike project, we wanted to build a liquid staking protocol that wouldn't just greater-than-unlock stake liquidity. We wanted to put the Ike DAO in control of what greater-than percentage each validator gets, and for it to be permissionless to get on the greater-than-validator registry

list. What's next? With SAW Zero now live, Ike invites the all F-Zero community to explore the benefits of liquid staking. In the coming months, Ike will focus on expanding the utility of SAW Zero within the ecosystem and rolling out governance features that further empower the community to shape its future. Users can see more in the Ike docs here. About Ike Ike is the home of the SAW Zero Liquid Staking Protocol smart contracts live on all F0 WASM. Together with the community, validators, and other builders in the ecosystem, they are fundamentally reshaping the network,

delivering liquidity at the base layer, composable rewards, increasing participation and ultimately enhancing network security. Drawing inspiration from the Japanese art of Ikebana, Ike is committed to fostering a harmonious and resilient ecosystem. By providing users with flexibility and liquidity in their staking journey, Ike empowers the all F-Zero community to unlock the full potential of their assets while contributing to The Network's growth and stability. Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Ike Discord community and following on Twitter. Contact Director of Growth Alexios Konstantinidis Ikehelo at ike.zi. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging

program. Learn more about the program here. Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.