Liquid Staking Provider
We assess, among other things, the legitimacy of a provider's business, their protocol governance, and the sustainability of their services in a fast-moving environment like crypto. In assessing them, we especially emphasize their business practices, and the veracity of the information they provide. We see this as the cornerstone of a truthful relationship between staker and liquid staking protocol.
The crypto market is continuously in a changing environment. For this reason, in this section, we would like to see how the Provider deals with different situations:
- Availability of Customer Compensations
- Regulatory Risks
- Strategies for market downturns and alternative strategies
In addition, the public availability of team information or fundraising rounds also fall into this category.
Decision making in DAO-based governance forms is a key feature of many liquid staking protocols. Here we would like to see that shareholders have sufficient voting power and that this power is sufficiently distributed.
In this section, the following aspects are considered:
- Availabilitity to vote in supported network's governance
- Revenue Sharing Mechanism implemented
- Measures against Governance Captures