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feat: Dinero Branded LSTs #12864

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feat: Dinero Branded LSTs #12864

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0xhafa
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@0xhafa 0xhafa commented Dec 24, 2024

NOTE

Please enable "Allow edits by maintainers" while putting up the PR.


  • If you would like to add a volume adapter please submit the PR here.
  • If you would like to add a liquidations adapter, please refer to this readme document for details.
  1. Once your adapter has been merged, it takes time to show on the UI. If more than 24 hours have passed, please let us know in Discord.
  2. Sorry, We no longer accept fetch adapter for new projects, we prefer the tvl to computed from blockchain data, if you have trouble with creating a the adapter, please hop onto our discord, we are happy to assist you.
  3. Please fill the form below only if the PR is for listing a new protocol else it can be ignored/replaced with reason/details about the PR
  4. For updating listing info It is a different repo, you can find your listing in this file: https://github.com/DefiLlama/defillama-server/blob/master/defi/src/protocols/data2.ts, you can edit it there and put up a PR
  5. Do not edit/push package-lock.json file as part of your changes, we use lockfileVersion 2, and most use v1 and using that messes up our CI
  6. No need to go to our discord and announce that you've created a PR, we monitor all PRs and will review it asap

Name (to be shown on DefiLlama):

Branded LST (under Dinero)

Twitter Link:

https://x.com/dinero_xyz

List of audit links if any:

https://github.com/dinero-protocol/audits/tree/master/dinero-pirex-eth/branded-lst

Website Link:

https://flare.dinero.xyz/
https://zksync.dinero.xyz/
https://ink.dinero.xyz/
https://sei.dinero.xyz/

Logo (High resolution, will be shown with rounded borders):
Current TVL:

4.8M

Treasury Addresses (if the protocol has treasury)
Chain:

Flare, zkSync, Ink, Sei

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

https://www.coingecko.com/en/coins/seiyaneth

Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description (to be shown on DefiLlama):

A cross-chain liquid staking solution powered by Dinero. The Branded LSTs enable Layer 1 and Layer 2 protocols to launch their own native LSTs, backed by apxETH, offering the highest ETH staking yield in crypto to a broader user base.

Token address and ticker if any:

0x11476323D8DFCBAFac942588E2f38823d2Dd308e

Category (full list at https://defillama.com/categories) *Please choose only one:

Liquid Staking

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):

Should not count in Dinero TVL, as branded LSTs deposits are converted into pxETH on mainnet. So, Branded LSTs TVL is already being counted.

Github org/user (Optional, if your code is open source, we can track activity):

@llamabutler
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The adapter at projects/branded-lst exports TVL:

sei                       1.96 M
flare                     1.75 M
era                       1.06 M
ink                       56.76 k

total                    4.82 M 

@g1nt0ki g1nt0ki self-assigned this Dec 26, 2024
@g1nt0ki
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g1nt0ki commented Dec 26, 2024

hi, this still leads to doublecounting since these tokens are backed by pxETH in the lockbox right? and backing of that is already counted towards dinero tvl

@0xhafa
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0xhafa commented Dec 26, 2024

hi, this still leads to doublecounting since these tokens are backed by pxETH in the lockbox right? and backing of that is already counted towards dinero tvl

yes, once we sync with mainnet, the total supply of branded LST rebasing tokens are fully backed by pxETH. Would it be possible to exclude it from the Dinero tab? keeping it on the pxETH is fine

@g1nt0ki
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g1nt0ki commented Dec 27, 2024

sorry no, it doesnt work like that

@llamabutler
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The adapter at projects/dinero exports TVL:

ethereum                  114.91 M
ethereum-staking          26.17 M
staking                   26.17 M

total                    114.91 M 

@llamabutler
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The adapter at projects/branded-lst exports TVL:

flare                     2.05 M
era                       1.77 M
sei                       1.74 M
ink                       69.82 k

total                    5.63 M 

@0xhafa
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0xhafa commented Dec 30, 2024

OK. so fixed this by subtracting branded LST assets from the pxETH supply, so they show up correctly on their networks and as a different protocol.

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3 participants