Pondo

About Pondo

Pondo is the first liquid-staking protocol on Aleo blockchain. Pondo enables you to earn rewards from your ALEO tokens while maintaining liquidity. It rebalances delegation of your ALEO to the validators with the most yield on the network, to ensure optimal performance. In addition to providing liquidity, Pondo lowers the barrier to entry for stakers and is open to any validator to participate. Rebalancing is permissionless and programmatic, making the protocol decentralized while at the same t Highlight/Vision: Pondo allows users to stake on Aleo blockchain with no minimum amount to stake.There are no assets locked with validator, all assets are liquid, with assets being spread across the top 5 performing validators rather than one single validator. Highlights: 1. No minimum stake amount 2. Liquid assets 3. Low validator risk _auto-rebalancing_ Token Economics: There is a fixed supply of PNDO fee token, which is used to claim fees from the liquid staking protocol based on the current supply and the proportional fees in the pool. As a result, the token is deflationary and tied to the future revenue and cashflow from the protocol. Technical Overview: Pondo is an autonomous, decentralized liquid staking protocol that allows users to stake as little as 1 token, gives users liquidity for their staked tokens, and uses onchain data to automatically select the top performing validators. Token Allocation: Community Treasury: 37%, 370,000,000, TGE unlocks 25%, cliff for 0 month, Vesting for 36 months Core Contributors: 33.6%, 336,000,000, TGE unlocks 0%, cliff for 12 months, Vesting for 24 months Eco_ Partners: 15%, 150,000,000, TGE unlocks 0%, cliff for 12 months, Vesting for 24 months Pre-seed: 6.4%, 64,000,000, TGE unlocks 0%, cliff for 12 months, Vesting for 24 months Liquidity: 8%, 80,000,000, TGE unlocks 100%