Member Since 2022
ClayStack
United Arab Emirates
I’ve taken on various responsibilities in the blockchain space, from being an investor, operator, fund manager, and advisor to an entrepreneur since starting my journey in 2016. I started my journey by building businesses in 2010 and moved full-time in crypto by founding WolfEdge, a staking-as-a-service company, back in 2018. While scaling WolfEdge to a $200M+ delegation, I realized that staking was still impervious for the retail user. That’s when I founded ClayStack. Since 2020, I’ve been actively running WolfEdge and ClayStack, combined teams of 15+ people, and have raised from industry-leading funds such as Coinfund, ParaFi Capital, Coinbase ventures, Larry Cermak, Robert Leshner, Illia Polushkin, Santiago R Santos, Stani Kulechov, among others.
To persuade TradFi firms and Web2 users to think outside the box, Web3 pioneers first have to do so themselves.
The crypto and blockchain industries may need to shed some insular tendencies to successfully attract prospective users.
ClayStack is a permissionless liquid staking protocol that unlocks the liquidity of staked assets in Proof-of-Stake (PoS) networks. When users deposit their stakeable tokens in ClayStack’s smart contracts, it issues csTokens that are fully backed, fully fungible value-accrual tokens. These tokens increase in value as they start receiving the staking rewards from the network. Users can also utilize these tokens as base capital to participate in other DeFi protocols. The combined yield from staking rewards and participating in DeFi compounds over time, increasing the net profit for the user.
Blockchain