Stake Protocol Update v1

Hey Stakers, after a slightly bumpy, yet successful launch, I thought it was time to update everyone on what to expect over the next few weeks and months moving the project forward. Lot’s of exciting things to come so let’s dig in.

First, I’d like to discuss a bit on something I keep seeing but don’t love, and this is the word “competition”.

I keep seeing us mentioned as a Drip Competitor, which I don’t like, and I’ll explain why.

One of the biggest issues I see in Defi, and why it’s so vulnerable to being dumped, is this idea that there can only be 1 at the top. While I understand where this comes from, Defi is in such a niche and vulnerable state that I believe we need to move beyond these concepts and understand that there can be multiple successful concepts that operate in a similar manner.

While some Dexs may be larger or more popular than others, they exist in the same space and often work together in some regard to grow, because the stronger they all are, the strong and more sustainable Defi becomes.

Drip is a BSC staple, one that I would consider as the Pancake Swap of faucet protocols. Those of you that know us know that we are all massive Drip fans and personally invested heavily in Drip. I’ve been a big fan of Forex for a while and even have a significant amount locked in the $RAKE moonlocker for those that have been following him for some time.

To wrap up, while Stake looked to Drip for inspiration on our Faucet, we are a different project completely. Even so there is so much room in Defi for multiple faucet projects to grow and thrive together. Long Live Drip, and if you’re unfamiliar with the project or the enigma that is Forex himself, we highly recommend you dig in and learn more about it.

On the the fun stuff!

Coming soon, with no particular timeline:

• POL — Protocol owned liquidity will be launching very soon, which is called Foundation on the site. There have been some proposed upgrades to that, so we’ll decide if we want to delay a bit to implement, or launch now and upgrade later. We’ll keep you updated.
• Team Viewer — This will allow you to see your downlines with some additional updates.
• Updated UI — We’ll be updating the rest of the site so its easier to understand.
• Treasury — Will be setting up the Treasury soon.
• Lottery — This one will be fun!
• Partnerships — We’re in the process of chatting with potential partners to further the growth and strength of the protocol. Will update you as they are finalized.
• Team leader campaigns — The team leader airdrop and campaign runner. This will be great for everyone involved.
• Marketing — Marketing is ongoing, but will be doing another push here soon.

And Finally, coming soon is:

Stake School!

In Stake School, I will be breaking down individual aspects of Stake Protocol into easy to understand segments to help you make the most out of your time with Stake. Keep an eye out for this coming shortly.

Ok Stakers, get staking and compounding and we’ll see you in chat!