Milestone Kickoff: Yield

[matt]

Hello all, we are the team yield at cLabs: @m-chrzan, @montera82, Seb and me.

As @yerdua introduced, we are committed to work more in the open and have set up a milestone process for that: the first is starting next Monday (July 18) until August 18, about 4.5 weeks.

Working in the open at cLabs: milestone kickoff

Hey, this is Audrey, one of the engineering leads at cLabs. Today, I’m announcing a new effort towards working in the open, in which each of the engineering teams will regularly share what they’re working on and why it’s important. Internally, we’re working in milestones of about 6 weeks (though, this first one is slightly shorter at 4.5 weeks). A milestone begins with planning, which is followed by several weeks of implementation, and then reflecting on it all before starting again. The first …

Our goals for the coming milestone are focused on the launch of the Celo native liquid staking protocol stCELO, namely:

• Launch a WebApp to enable end users to stake and unstake $CELO ↔ $stCELO
• Launch a bot that ensures all transactions necessary for a successful staking and unstaking are mined within a short time (so that users don’t have to create these transactions themselves)
• Support the team at Mobius to launch a pool for the exchange of $CELO ↔ $stCELO

We’d love to hear from more community members that would like to integrate stCELO and are committed to help anyone that wishes to do so! We’d also appreciate feedback on the protocol in general, and on the focus we have determined for the next couple of weeks.

matt

PS: quick reminder that we’ve launched the suite of smart contracts for stCELO at the beginning of July and the source code can be found here.

[matt]

Hello Celo community! It’s the end of the milestone, so we’re coming back to share what we did and what we learned.

Launch StakedCelo and first integration

Going over our goals stated at the beginning of the milestone:

Launch a WebApp to enable end users to stake and unstake $CELO ↔ $stCELO

The WebApp is launched! Try it out here.

Launch a bot that ensures all transactions necessary for a successful staking and unstaking are mined within a short time (so that users don’t have to create these transactions themselves)

Instead of a bot, we built a simple API endpoint pinged by the webapp, that serves the same function. WebApp users need to submit only a minimal number of transactions (one per staking/unstaking operation), the reset of the stCELO flow is handled by the backend.

Support the team at Mobius to launch a pool for the exchange of $CELO ↔ $stCELO

Mobius launched the pool, available here.

StakedCelo adoption

Besides the stated goals, we also managed to integrate StakedCelo with Valora (in the Dapp list as well as a supported currency). Additionally, DappLooker as well as MakerDojo have integrated StakedCelo in their dashboard solution. We have reached over 175k CELO in TVL so far in just one week! We’re happy about the growing adoption of stCELO in the ecosystem and will continue to support anyone in integration efforts. Fostering more adoption of stCELO will also be a focus of the next milestone of the yield team.

Find the Valora integrations in their wallet.

matt