Before I dive into Tosdis, I need to take a step back and discuss my growing interest in staking. I dabbled in staking a little bit throughout the bear market and into this bull cycle, but it was the advent of ETH 2.0 that really piqued my curiosity for staking. As I’ve mentioned countless times, I am a huge ETH bull and find the transition to proof of stake to be a huge step forward for the entire crypto ecosystem and DeFi as a whole. For an investor like me who prefers to draw lines on a chart, place buy and sell orders, and invest money in projects, staking makes more sense because it only requires an old laptop and not a powerful rig that makes too much noise and heats up the house. It was on my trip down the staking rabbit hole that I found Tosdis.
Tosdis is a decentralized savings protocol that provides a variety of white label DeFi products and offers an efficient and systematic environment for the world of DeFi. If you aren’t familiar with the term white label, essentially it is a blank canvas that other companies can buy and rebrand as their own. This immediately caught my attention because right now there are a million and one different companies offering their own fancy DeFi solutions. Rather than investigating these emerging projects that continue to outpace each other, Tosdis has taken a different approach. Tosdis is supporting all of the emerging DeFi projects by providing them with a number of services to function, grow, and participate in DeFi. Another way of understanding Tosdis is by looking at the gold rush back in the mid-1800s. Thousands of hopeful miners raced to find gold, similar to the thousands of DeFi projects racing to capture the crypto market. The smartest entrepreneurs were the ones who sold shovels, pickaxes, and other mining gear to the miners. This is the approach Tosdis has taken – they are providing the necessary tools for everyone in the DeFi space.
To dig a little deeper, Tosdis offers staking as a service, liquid staking, yield farming as a service, peer to peer lending and borrowing, and an advanced low fee DEX using the liquid staking mechanism. With this many decentralized solutions to offer, it’s quite clear that Tosdis is the most complete savings DeFi protocol on the market. Circling back to my comments on Ethereum, Tosdis has made it possible through liquid staking to allow people to stake less than the 32 ETH that is required for the ETH deposit contract. This feature is becoming more and more necessary considering the price of Ether has just eclipsed $1,000, forcing a $32,000 initial commitment from investors that want to participate. To benefit the larger players, holders will be able to hedge their funds against Ether volatility and use staking without maintaining staking infrastructure. When staked via Tosdis EasyStake, stakers will receive a 1:1 asset-backed token for the staked-asset, which can be traded, transferred, or used as collateral in the world of DeFi or any ERC20 supported networks. This is an incredibly necessary solution for DeFi, due to typical staking locking up assets and drying up liquidity within the networks.
To cover the other 3 features in a concise manner, staking as a service, as the name implies, offers staking to all ERC20 projects (initially), making staking easy, accessible, and affordable to all present and upcoming projects. The focus here is that it’s an incredibly easy to use service for both pool creators and end-users. Next is yield farming as a service. The Tosdis yield farming as a service concept takes the staking service one step further by offering yield farming and liquidity mining to every ERC20 (initially) project on the market. The final feature is farming using derivative (dETH) where users can create or contribute to the existing dETH pool on Uniswap and receive LP tokens in return and earn liquidity provider fees as well. Users can stake that LP token in an LP-token staking pool on Tosdis and earn DIS token as rewards, which in turn can be staked in the DIS pool or lent in the native lending protocol on the Tosdis network.
By now you might have noticed that the Tosdis token is built into the features above. It is the native digital cryptographically secure utility token of the Tosdis EasyStake protocol, designed to play a major role in the functioning of the ecosystem, and intended to be used solely as the primary utility token on the platform. The token is an ERC-20 token, with a total supply of 100,000, built with deflationary mechanisms in place. Stakers can even obtain inflation rewards while circulating Tosdis tokens to respond to the market promptly. The protocol capitalizes on the value of creating liquidity and outputs the value to the protocol.
All in all, Tosdis was really fascinating to dig into and after conducting my review, I feel confident in saying that its approach is one that should have staying power in the DeFi world.
Tosdis Website – https://tosdis.finance/