Ike, a composable liquid staking protocol that provides users with flexibility and liquidity in their staking journey, has gone live on mainnet following the official launch of its Liquid Staking Token (LST), sA0, on Aleph Zero.
According to an official announcement today, the launch of sA0 has marked a notable milestone for Ike and Aleph Zero, a layer 1 privacy-enhancing blockchain that ensures scalability, low transaction fees, instant finality, and optimal security.
Notably, the development introduces the Aleph Zero community to a new way to engage with the network by offering staking flexibility without compromising on rewards.
Following its design, Ike’s native Liquid Staking Token, sA0, aims to enhance the staking experience on Aleph Zero. Not only can the sA0 tokens be used across Aleph Zero’s ecosystem, the token also provide users with the opportunity to stake their AZERO tokens to support network security and earn rewards, while keeping their assets liquid.
The launch of sA0 provides users with exciting opportunities, one of which include the opportunity to receive sA0 tokens in exchange for their staked AZERO. This way, users can stay liquid while continuing to earn rewards.
Furthermore, sA0 seamlessly integrates with Aleph Zero’s growing DeFi ecosystem. This allows the token to create more utility and value for stakers. Nonetheless, sA0 is able to support the overall security and resilience of the Aleph Zero network as it encourages greater participation in staking.
The Founder of Ike, Stephen Novenstern, elaborated on Ike’s mainnet launch, saying,
“The mainnet launch of sA0 marks an exciting moment for both Ike and the Aleph Zero community. sA0 offers a powerful tool for staking while maintaining liquidity, and it’s just the beginning of our commitment to building a decentralized, community-driven ecosystem. From the inception of the Ike Project, we wanted to build a Liquid Staking Protocol that wouldn’t just unlock staked liquidity; we wanted to put the Ike DAO in control of what percentage each Validator gets, and for it to be permissionless to get on the [Validator Registry] list.”
Following the launch event, Ike promises to continue expanding the utility of sA0 within the Aleph Zero ecosystem while also rolling out governance features that further empower the community to shape its future.