Rome Blockchain Labs joins Alluvial to support Avalanche Liquid Staking

Rome Blockchain Labs, the organization behind Rome Terminal, Velox, and BENQI’s Liquid Staking protocol on Avalanche, is thrilled to announce a collaboration with Alluvial. Through the collaboration, Rome Blockchain Labs along with the founders of BENQI will be providing their expertise to Alluvial to build a compliant, enterprise-grade Avalanche (AVAX) liquid staking product for enterprises.

Alluvial’s multi-chain standard for institutional liquid staking includes Ethereum (ETH), Polkadot (DOT), and now Avalanche (AVAX). With early support from companies such as Coinbase Cloud and Figment, the liquid staking product will be governed in a decentralized manner with a broad and dispersed community of industry participants.

“We’re excited for Rome Blockchain Labs and Alluvial to bring the benefits of liquid staking to more institutions. Expanding participation in liquid staking makes the Avalanche network stronger while giving enterprises a powerful-yet-compliant new DeFi option.” — Luigi D’Onorio DeMeo, Head of DeFi at Ava Labs

What is Avalanche (AVAX) Liquid Staking?

Avalanche is a Proof-of-Stake (PoS) protocol with a Primary Network of three blockchains: the Exchange Chain (X-Chain), Platform Chain (P-Chain), and the Contract Chain (C-Chain).

The X-Chain:

Known as the “Transfer Chain” Sends and receives funds The P-Chain:

Known as the “Staking Chain” Coordinates validators within the Avalanche network Locks the AVAX for a predetermined period The C-Chain:

Known as the “DeFi Chain” Supports the creation and execution of smart contracts Supports the majority of AVAX activities including asset tokenizing and swaps Avalanche Liquid Staking provides a user-friendly solution to AVAX holders looking to participate in the consensus mechanism of Avalanche by staking AVAX. In return for staking AVAX, each user will receive a receipt token that represents the user’s ownership of the staked AVAX on the P-Chain. Users will be able to freely utilize the receipt token within DeFi on the C-Chain while the staked AVAX will continue to accrue rewards in exchange for securing the Avalanche network. Additionally, users will not need to go through the tedious process of cross-chain transfers between the C-Chain and P-Chain to stake their AVAX.

Users can stake or unstake AVAX at any time past the two-week staking minimum. Unstaking involves a 15-day unstaking period and a two-day claiming window.

Alluvial and Avalanche: Powered by Rome Blockchain Labs

Alluvial is offering the first-ever enterprise-grade multi-chain staking standard using the expertise of Rome Blockchain Labs. Most existing liquid staking protocols do not meet the security and compliance requirements of major institutions. Alluvial aims to align its operational standards to encourage client diversification, robust security practices, and multi-region infrastructure configurations. The collaboration with Rome Blockchain Labs ensures a reliable, tested, and secure protocol tailored to enterprise users.

“It’s exciting to be working with Alluvial in bringing a truly DeFi native feature to institutional clients. What was previously only accessible to the retail market will now be available to enterprises and institutions, providing them with a multitude of liquid staking options including Avalanche.” — JD Gagnon, Co-founder of Rome Blockchain Labs and BENQI

Avalanche is one of the fastest-growing networks in the ecosystem. Avalanche has the speed, security, reliability, and scaling to power institutional Web3 projects in fields including finance, insurance, payments, vehicles, entertainment, culture, and many more. Notable institutions already participating include Deloitte, Lemonade, Togg, and large institutional DeFi players.

“We’re thrilled to work with Rome Blockchain Labs (RBL) and the BENQI founders to add support for Avalanche to the multi-chain liquid staking standard. RBL and BENQI’s deep experience with Avalanche, liquid staking and DeFi makes them a perfect fit for a collaboration with Alluvial. I’m looking forward to being part of the Avalanche community to enable a decentralized and secure foundation for the next generation of the internet.” — Matt Leisinger, CEO of Alluvial

Together with Alluvial the teams of Rome Blockchain Labs and BENQI are shaping a liquid staking protocol to serve the needs of institutions in a compliant and permissioned environment. Through this, the protocol will be able to address KYC/AML requirements along with various other compliance checks for institutions, all in a non-custodial product.

“Partnering with Alluvial for the launch of LSAVAX is a hallmark moment in the advancement of blockchain technology. Through the blending of well-established CeFi services and cutting-edge DeFi solutions, we are opening financial opportunities to enterprise market participants on a grand scale. Our laboratory anticipates this collaboration to establish a standard for institutional cryptocurrency innovation moving forward.” — Alexander Szul, Co-founder of Rome Blockchain Labs / BENQI

About Alluvial

Alluvial is building the first-ever enterprise-grade liquid staking protocol across multiple blockchains combining the technical and security requirements of institutions with the Web3 ethos of community-driven collaboration. The liquid staking standard, with early support from firms such as Coinbase Cloud, and Figment, will be governed in a decentralized manner with a broad and dispersed community of industry participants.

About Rome Blockchain Labs

Rome Blockchain Labs is bringing humanity to the digital world of blockchain. We at Rome Blockchain Labs believe in Decentralized Finance and a highly personal, integrous, abundant world on the blockchain. Understanding that opportunities are unlimited, Rome Blockchain Labs revolutionizes not only finance but disrupts the future of work, the future of transparent autonomy, and the future of the digital world.

About BENQI

Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. BENQI’s suite of DeFi products consists of the BENQI Liquidity Markets and BENQI Liquid Staking.

BENQI’s Liquidity Markets allow users to supply liquidity by lending assets and borrowing any available asset from the platform in an overcollateralized manner.

BENQI’s Liquid Staking protocol is a liquid staking solution that provides users with receipt tokens that represent each user’s ownership of the staked AVAX. The receipt tokens grant users the ability to remain liquid and participate in other DeFi applications.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today. https://www.avax.network/