Validators within the interchain ecosystem often face challenges in attracting delegations, while users grapple with fragmented staking experiences across various chains. Hodla, a dynamic dApp, seeks to address this gap by offering a comprehensive solution for staking within the Cosmos ecosystem. Currently operational on the Cosmos Hub mainnet and Solana, Hodla has partnered with the POSTHUMAN validator. Experience Hodla’s capabilities firsthand at https://app.hodla.org.
Hodla operates at the convergence of user and validator interests. Our platform provides a unified interface for users to manage their staked tokens seamlessly across diverse networks. By aligning with Hodla, validators unlock a dedicated user attribution channel, fostering a community of enthusiastic stakers. Our user-centric design and innovative features further bolster this partnership, guaranteeing high conversion rates and sustained engagement. Hodla’s aim is to offer users a singular application to manage their stakes throughout the Interchain ecosystem.As part of our grant proposal, we intend to introduce several distinctive features to enhance the staking experience:
1) Integrate Injective, Band protocol, Kava, Archway staking
As part of the ATOM zone build-out incentive we plan to integrate native staking of Injective, Band Protocol, Kava, Archway into our app to become the go-to app for staking in the Cosmos ecosystem. This initiative will simplify the process of adopting staking on new chains, contributing to the growth of the Cosmos network.
2) 1-click validator diversification
In our pursuit of network decentralization, we aim to empower users to automatically distribute their stake across multiple validators with a single transaction. Our algorithm will select reliable validators with low voting power and high rewards. This initiative not only mitigates slashing risks for stakers and saves them a lot of time but also fosters decentralization while aiding smaller validators in securing delegations. We will introduce this feature in all supported Cosmos chains as part of this milestone.
3) Bulk liquidity mover: IBC transfers & DEX integration for 1-click interchain staking experience
By incorporating IBC transfers and integrating with Osmosis DEX, Hodla aims to streamline the process of moving liquidity between chains. This innovation significantly simplifies the user journey and reduces manual interventions, ultimately making staking different coins across chains a seamless experience.
It’s best to showcase the problem we are solving and our solution by an example.
Use case: user is staking INJ, KAVA and wants to start staking ATOM, but he doesn’t have any
– Current user journey (2-3 apps involved, 6+ transactions to sign, no cross-chain analytics):0 Stakes INJ, KAVA via Injective hub1 manually transfers INJ from Injective to Osmosis2 Uses DEX to swap INJ to ATOM3 Repeat steps 1-2 for KAVA4 Transfers ATOM to Cosmos Hub5 Stakes ATOM via his wallet / other app
This path requires the user to know and to do a lot of manual work that could be hard and take a decent amount of time even for experienced DeFi users. Of course, this problem becomes even more painful once the user wants to move liquidity from many chains and not just 1 or 2. We suggest a different approach:
– Hodla user journey (single app, 3 trx to sign, cross-chain analytics):0 User stakes INJ, KAVA via Hodla and wants to stake ATOM but doesn’t have any tokens1 Hodla suggests to move liquidity from KAVA and INJ that we see on his connected wallet2 User chooses amount of tokens to move from INJ and KAVA3 Hodla creates IBC transfer transaction, user signs X times (X – quantity of networks that he chose to move liquidity from)4 Hodla create swap transactions on DEX user signs 5 Hodla create IBC transfer from Osmosis to Cosmos Hub, user signs 6 Hodla creates ATOM delegation transaction, user signs
Thus, we introduce the Bulk liquidity moves. Choose from which chains you want to move liquidity and Hodla will do the IBC transfer, swap tokens on a DEX and move liquidity to the desired chain, all automatically only requiring the user to sign these suggested transactions.
This will lower the boundary of moving liquidity for staking between the Cosmos ecosystem even more. Not only it saves users a lot of time and helps them manage their stakes with ease and adapt new chains, but also helps validators attract delegations in different chains with a much higher conversion rate.
4) Integrate Stride Liquid Staking Zone
Last but not least, we plan to integrate Stride liquid staking since LSTs are a very big trend in DeFi and it attracts more and more adopters. ATOM users will get access to Stride within Hodla having the exact same user interface for managing delegations as they have for ATOM. This way we lower the boundary of liquid staking, making it only a click away within the same dApp where users already stake their ATOM, KAVA, INJ, etc. This strategic feature will not only enhance Hodla’s value proposition but also contribute to driving the adoption of Stride consumer chain, aligning with the overarching goals of the ATOM Accelerator program
We envision a Hodla user journey that involves minimal user effort, from IBC transfers to DEX swaps, all initiated within our single app interface. This process not only saves users time but also enhances the efficiency of stake management, contributing to a higher engagement rate for validators across various chains. With these features, Hodla seeks to make a lasting impact on the Cosmos ecosystem by revolutionising staking accessibility, efficiency, and overall engagement.
