Use your avax lock in a node, on pangolin

Hi everyone.

It would be interesting to think about the idea of being able to use our avax lock funds on a node, on pangolin.

  • This would significantly increase liquidity
  • Reward node + reward png
  • Other …?

However, I have no idea yet on how this can be set up.

How will the impermanent loss be managed in this case?
All ideas are good to take.

3 Likes

Someone would have to come up with a contract to mint “staked AVAX” tokens. As an example, Lido has stETH to represent staked ETH2 tokens, which can then be traded and pooled. Then the market would have to come up with a price for stAVAX tokens, which may not be much because it could expire at any time