Hackathon BNB Chain – Stakewave

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Stakewave

Dorahack
solidity
Supply Chain (84)
Untitled design (27)
Supply Chain (86)
BNB Chain 2024 Q3 Hackathon Winner
GitHub
Website
Dorahack
Result
Readme.md

Description


StakeWave is a decentralized application built on the Binance Smart Chain (BSC) that allows users to stake their Wrapped Bitcoin (WBTC) and earn SBTC tokens. The platform offers a streamlined staking experience where users can easily deposit WBTC, stake SBTC, and earn rewards based on the duration and amount of their stake. With a focus on transparency and security, StakeWave ensures that all transactions are executed on the blockchain through smart contracts, eliminating the need for intermediaries.

Key features of StakeWave include:

  • WBTC Deposit and Staking: Users can deposit WBTC to receive SBTC, which can then be staked to earn rewards.
  • Unstaking with Flexibility: Users can unstake their SBTC after a 2-day unbonding period, ensuring they retain control over their assets.
  • Reward Mechanism: StakeWave offers up to 8% APY, rewarding users based on their staked amount and duration.
  • Decentralization: The platform operates fully on-chain, providing a trustless and transparent environment for all users.

StakeWave is designed to be intuitive and accessible, with a user interface that welcomes both novice and experienced users to participate in decentralized finance. Deployed on the BNB Chain (BSC) testnet, the platform is poised to bring liquid restaking to the forefront of DeFi innovation.

Demo

Liquid Staking App

It allows users to stake their Wrapped BNB (WBNB) and earn SBNB tokens

Staking Dashboard

Stake sBNB and Unstake SBNB in Wei, claim Reward tokens.

Withdraw Tokens

Withdraw staked tokens by giving the liquid tokens back and claim reward tokens as interest.

CONCLUSION

StakeWave represents a significant step forward in decentralized finance by offering a user-friendly, secure, and transparent platform for staking Wrapped Bitcoin (WBTC). By leveraging the Binance Smart Chain (BSC), StakeWave ensures that users can stake their assets and earn rewards with the confidence of a trustless, decentralized environment. With features such as flexible unstaking, an attractive reward mechanism, and a focus on security, StakeWave provides a seamless experience for both beginners and experienced DeFi participants. As the platform continues to evolve, it has the potential to become a key player in the growing liquid restaking space, driving further innovation in the DeFi ecosystem.