Nutbox CSO (Crowd-Staking Offering) is a permissionless factory contract where anyone can create a staking protocol.
Stake A Mint B
With the Nutbox CSO protocol, anyone can easily create a “Stake A Mint B” Staking protocol, and the whole process is as simple as creating a trading pair on Uniswap. Here, A and B can be the same or different assets under the same token standard, or A can be a PoS public chain asset, and B a smart contract blockchain asset such as ERC20/BEP20.
Where A and B are assets with the same protocol, for example, both are assets that meet the ERC20/BEP20 standard: 1) When A and B are the same asset, CSO supports anyone to create a staking protocol similar to ‘Stake SUSHI mint SUSHI’; 2) When A and B are different assets, CSO supports anyone to create staking protocols that are similar to ‘Stake WETH mint SUSHI’ and ‘Stake WETH- SUSHI LP mint SUSHI’ etc.
Where A and B are assets with different protocols: 3) The CSO protocol supports anyone to create a staking protocol of stake "PoS public chain assets" and mint "ERC20/BEP20 and other standard assets". Nutbox supports Polkadot/Kusama/Steem/Hive Blockchains and the main chains that deploy the CSO protocol for cross-chain message notification through the Relay module.
The Nutbox CSO protocol will soon be deployed on BSC. For 1) & 2), anyone can create ‘Stake BEP20 mint BEP20’. For 3), anyone can create ‘Stake DOT/KSM/STEEM/HIVE mint BEP20’.
Application of CSO Protocol
Nutbox CSO isolates the action of "staking" out of the blockchain, and supports anyone to create a staking protocol under the same or different networks. It has extremely rich application scenarios.
Create a community DeFi platform
The Nutbox CSO protocol allows community founders to create a series of staking protocols, such as 1) creating a ‘Stake communityToken (cToken) mint cToken’, and 2) creating a ‘Stake cToken-USDT LP mint cToken’. The Staking protocol created by the community can be combined with DeFi protocols such as Pancake to create a variety of DeFi platforms.
Community founders can also use 3) to support community members to stake DOT mint cToken, and then use staking DOT to earn staking income, repurchase cToken or deposit it in the community funds. Since the DOT staked by the community member is on the Polkadot main chain and held by the holder, no one can use the staked DOT. Therefore, 3) created a DAICO way for the community to obtain support from community members and ensure the security of its assets. Currently Polkadot, Kusama, Steem, and Hive blockchains are supported for 3).
Create CommunityFi
CommunityFi is a combination of Community and Finance. It promotes the development of the community into a sustainable DAO (Decentralized Autonomous Organization) by financializing and tokenizing community consensus/relationship/data.
To put it simply, CommunityFi is the abbreviation of "Community + X + DeFi", where "X" can be Content community, Game Guild, Stake mining pool, etc.
Using 1) 2) 3) of the CSO protocol, the community can create a DeFi platform and assign value to cToken initially. On this basis, Community can combine the community's cToken with various application chains/protocols to financialize and tokenize community consensus/relationship/data, and become a CommunityFi. For example, the community's cToken and Pancake can be combined, and using Pancake's protocol and liquidity, the community's own DEX can be created just as Pancake's branch DEX in the community.
Such CommunityFi has a wide range of needs. There are millions of subreddits on Reddit. Each subreddit can combine its cToken with the community's own subreddit to build a different content platform. Reddit has experimented with the r/cryptocurrency subreddit. The market value of r/cryptocurrency's cToken, xMOON, is about 15 million U.S. dollars.
Community Launchpad Platform
The staked assets on the PoS public chains are as high as 220 billion U.S. dollars, and the annual staking reward exceeds 20 billion U.S. dollars. Through 3), any community can launch in such a market to gain partial support from the $20 billion staking reward.
The Nutbox CSO protocol is about to be launched on Binance Smart Chain. Anyone can create a variety of staking protocols and combine them with DeFi, GameFi, SocialFi, etc., to experiment with more interesting forms of DAO.
Nutbox CSO protocol document: https://nutbox-io.gitbook.io/nutbox/