SudoStake is a novel approach to liquid staking. Here is how it works.
1. John creates a smart contract account called vault.
2. John deposits his $ATOMs into his vault and delegates them to a validator of his choice.
3. John can participate in governance through his vault
4. John can claim his generated staking rewards from his vault.
5. John can rent out the governance rights of his vault in exchange for liquidity
6. John can rent out the rewards claiming rights, in exchange for liquidity
7. John can use the underlying staked assets as collateral to borrow money
8. John can transfer ownership of his vault to another user instantly
9. John can activate payment streaming to beneficiaries on his vault who can claim generated rewards.
Who are the these vault rights rented out to? Liquidity providers participating in an open market place, who are willing to give john the requested liquidity in order to exercise the rights to the underlying assets held in the vault as defined in the liquidity request option. These liquidity providers can be individuals, DAOs, or even institutions. In a POS network, the primary capital asset is the staking token and we at SudoStake believe strongly that the stakeholder base should be as decentralised as much as possible.
