Airavat Tezos Staking — Mainnet Launch

Tezos Cloud Staking Mainnet Launch

We’re super excited to announce the mainnet launch of our Tezos cloud staking product! Most of the features should be quite familiar to most of our community who were actively engaged with us on Telegram and participated in the Incentivized Testnet.

For the newcomers. Firstly, Welcome!

Secondly, here’s our vision in a nutshell: We’re committed to bringing the entire functionality of a Crypto exchange to Telegram (deposits, withdrawals, staking, trading, borrow/lend)

Here is a quick summary of what’s in the new release (all accessible via simple telegram commands):

• Tezos deposits and withdrawals to custodial wallets owned by you.
• Tezos staking.
• Locked Tezos staking — Lock your Tezos to earn cashback on Validator fees (up to 100%)
• Stacked AIRA rewards — Lock earned AIRA to earn up to an additional 100%

Check us out at t.me/airavatbot and give the new features a whirl.

Tezos deposits, withdrawals and staking

AiravatBot supports the creation of new accounts and wallets for our users (via the /register and /deposit commands) that are tied to their Telegram ID.

Once an account and wallet have been created users can deposit (and withdraw) funds as they see fit.

Once funds are deposited, the user can stake them in a variety of ways. The simplest is unlocked staking (the default) where funds can be staked and unstaked at any time.

There will be a 1 cycle (approx 3 days) lag when unstaking for users to get back full control of their funds, but it is essentially a form of staking where funds are completely liquid.

Current expected rewards on Tezos staking is 5.5%.

Full transparency: All staked Tezos is delegated to YieldWallet.io, our staking-as-a-service provider. We’ve been baking Tezos for almost 3 years now.

Locked staking

Users can also stake and lock their Tezos (like a term deposit) to earn additional rewards.

The options are to lock Tezos for 3 months, 6 months or 1 year to earn cashback of 25%, 50% and 100% on all validator fees, in the form of AIRA rewards.

Stacked rewards

AIRA rewards are paid out every XTZ cycle (3 days). Users can then stake and lock their AIRA to earn (stack) more AIRA tokens!

The options are to lock AIRA for 3 months, 6 months of 1 year and earn an additional 25%, 50% and 100% worth of AIRA tokens e.g. Lock 100 AIRA tokens for 1 year and cash out 200 AIRA at the end.

Edit Aug 23rd: Calling all survey and testnet participants. Head on over to AiravatBot on telegram(t.me/airavatbot) and register with the email address you used, to claim your AIRA tokens. Run ‘/balance aira’ after registering to confirm receipt of tokens. Email contact@airavatbot.io with issues or questions.

Quick start guide — How to get started

• Head over to the Airavat bot on Telegram — t.me/airavatbot
• Register yourself and complete the process (we insist on 2FA for your security) — Run ‘/register <email address> <password>’
• Get yourself an XTZ address — Run ‘/deposit XTZ’ and you will be provided your own XTZ deposit address.
• Send *real* XTZ to your address — You will be notified when it arrives in your Bot wallet. You can then run ‘/balance xtz’ to confirm your balance.
• Unlocked staking — Stake your XTZ without locking it up — Run ‘/stake xtz 100’.
• Locked staking — Stake and lock your XTZ — Run ‘/stake xtz 100 1y’. Options are 3m (3 months) for 25% AIRA cashback on validator fees, 6m (6 months) for 50% AIRA cashback, 1 y (1 year) for 100% AIRA cashback.
• You will start earning AIRA for locked XTZ stakes. You can check on your AIRA balances by running ‘/balance AIRA’. Rewards are credited every cycle (approx 3 days).
• Stake earned AIRA with the ‘/stake AIRA 100 1y’ command. There is currently no ‘unlocked staking’ option for AIRA. Options are 3m (3 months) for 25% APR, 6m (6 months) for 50% APR, 1 y (1 year) for 100% APR.

YieldFarming infrastructure

As you may be able to tell, we are committed to rewarding users for a variety of actions on the Telegram bot, be it locked staking, swapping/trading, testnet bounty hunting or helping out with marketing efforts.

We’ve built a Yieldfarming infrastructure on Telegram that will be plugged into various Bot functions. Just using the Bot will likely automatically yield AIRA tokens that you can then lock and stake to get compounding AIRA rewards.

Run ‘/yieldfarming’ at any time to get details of ALL currently active yieldfarming campaigns.

We will continue to build a compelling and rewarding experience on top of this foundation. We hope you join us and partake in the rewards.

What is the AIRA token?

The AIRA token is the flagship token of the Indra Capital ecosystem. The main products across which it will be the core token are:

• Airavat — Telegram-based Cryto exchange (LIVE)
• YieldWallet.io — Staking-as-a-service provider (LIVE)
• Indracapital.finance — High performance DeFi / CeDeFi vaults (Alpha)
• IndraX — Custodial Crypto exchange (Internal API LIVE, Product on Roadmap)
• IndraDEX — Decentralized Futures and Options exchanges (Product on Roadmap)

It will have uses for boosting rewards, gaining membership and other benefits and discounted fees on our various products. We will be publishing a medium post just dedicated to the AIRA token, it’s utility, tokenomics and future plans.

Connect with us

We hope you enjoyed this post. Do let us know in the comments. If you’re interested in more details and participating in our token sale, please email gautam@indracryptocapital.io.

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Please leave your comments and questions about Indra Capital, YieldWallet, IndraX, IndraDEX, Airavat, IndraCapital.finance or anything else you’d like to talk about and we will be sure to get back to you.