Quick Overview
Movernance is a liquid staking platform that tokenizes staked assets to let users earn staking rewards while retaining liquidity. It addresses traditional self-staking limitations by issuing representative tokens (like stTOKEN) when users stake, which can be traded or used in DeFi. The project is evolving into Nexio's LSD provider as Movement Labs develops Nexio - a parallelized Bitcoin L2 using Movement's rollup technology.
Key Features
- Liquid Staking Derivatives: Issue LSD tokens (stMOVE, stTOKEN) that accrue staking rewards while maintaining tradeable liquidity
- Capital Efficiency: Use staked assets in DeFi protocols for additional yield without unstaking penalties
- Nexio Integration: Transitioning to provide liquid staking services for Nexio Bitcoin L2 ecosystem
- Multi-Asset Support: Supports various PoS tokens with plans for Bitcoin derivatives on Nexio
- DeFi Composability: LSD tokens compatible with lending, farming, and other DeFi protocols
How to use
Movernance
Prerequisites
- MoveVM compatible wallets
- Assets to stake
- Understanding of liquid staking mechanics and associated risks
- Bitcoin holdings for Nexio LSD integration
Getting started
Connect Wallet
Visit app.movernance.com, connect Movement-compatible wallet, ensure sufficient balance for staking
Stake Assets
Select staking amount, confirm transaction to receive liquid staking derivative tokens (stMOVE)
Use in DeFi
Deploy stMOVE in compatible DeFi protocols for additional yield while earning base staking rewards
Monitor Rewards
Track staking rewards accumulation and stMOVE token value appreciation over time
Prepare for Nexio
Stay updated on Nexio Bitcoin L2 launch and liquid staking opportunities for Bitcoin assets
Tips & Best Practices
- Understand Slashing Risk: Liquid staking involves validator risks - research validator performance before staking
- Monitor Exchange Rates: stMOVE:MOVE ratio should increase over time - significant deviations may indicate issues
- DeFi Integration: Explore yield opportunities with stMOVE in lending protocols and liquidity pools
- Nexio Preparation: Follow Nexio development for early access to Bitcoin liquid staking opportunities
- Liquidity Management: Maintain some unstaked assets for immediate liquidity needs during unstaking periods
Technical Information
MoveVM
Instant staking, variable unstaking periods
Liquid staking protocol + validator network integration
Validator slashing protection, audited staking contracts, decentralized validator set
Frequently Asked Questions
Stake assets to earn rewards while receiving tradeable derivative tokens (stMOVE) that can be used in DeFi protocols
How does Nexio integration work?
Movernance will provide liquid staking for Nexio Bitcoin L2, enabling Bitcoin holders to stake and earn yields
What are the risks?
Validator slashing risk, smart contract risk, exchange rate volatility between native and derivative tokens
Can I unstake anytime?
Yes, but unstaking periods vary by network - liquid derivatives provide immediate liquidity alternative
What is Nexio exactly?
Parallelized Bitcoin Layer 2 built using Movement's technology, enabling Bitcoin DeFi with 30,000+ TPS capability
