Lido for Kusama+Polkadot by MixBytes()

Hi Lido DAO! As a part of the LEGO initiative, we, MixBytes(), propose a great expansion of the Lido liquid staking ecosystem to Polkadot and Kusama. We’ve spent months planning and preparing to deliver this expansion as soon as the blockchain infrastructure is implemented.

Full proposal with change-log and discussions here: link

Terms

• Milestone oriented allocation as a long term motivation for us to reach for the stars. Rewards have 1-year cliff and 1-year vesting KPI goals with TVL averaged for 30 eras for DOT and 120 for KSM or 1 month to prohibit any sort of manipulation:

  Share | KSM | DOT -- | -- | -- % | Vested reward | Vested reward 2% | 5,000 | 25,000 5% | 10,000 | 50,000 10% | 35,000 | 175,000 15% | 50,000 | 250,000 20% | 100,000 | 1,000,000

• Revenue sharing is to be implemented as well where MixBytes are to receive 20% of the polkadot and kusama Lido fees.

About MixBytes

MixBytes() is a team of engineers, auditors and analysts, experienced in decentralized systems and blockchain technology. We design and implement customized solutions based on well-known blockchains and frameworks: Ethereum\Polkadot\EOS.

We have extensive experience with Rust in general and Polkadot ecosystem in particular as we helped to develop a lot of Substrate-based projects like Robonomics, Sensorium, Evercity and DistributedSky, including cross-chain messaging (XCM) functionality and successfully delivered on grant funding from Web3 Foundation.

We are also known as a top smart contracts auditing firm with a stellar reputation, trusted by the clients like Aave, Yearn finance, Curve, 1inch, Lido etc.