Ditto Token (DTO)

Ditto is a liquid staking solution built on Aptos. We let users stake their Aptos token to earn yield and help contribute towards decentralising the network while still remaining liquid.

Whitepaper

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Interest lvl

NA

Updated: Feb 02, 2023

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User Rating

Medium

3/5 • 1 votes

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Ticker

DTO

Registration year2022

Ecosystems

Aptos

What is Ditto Token

Ditto is a liquid staking protocol that lets anyone stake their APT tokens so that they can contribute to governance, decentralisation while earning yield and maintaining liquidity.

stAPT stands for Ditto staked Aptos, it is minted when you stake APT via Ditto. This is a yield bearing token which represents your ownership of the Aptos staked via Ditto. As the staking pool earns validator rewards for securing the Aptos network, the value of stAPT will appreciate vs APT. stAPT has all of the utility of APT, and is usable across the Aptos DeFi ecosystem.

We believe that the Aptos ecosystem will benefit greatly from liquid staking. The current disadvantages around native staking include:

• Any staked balances are illiquid.
• Running validators require a minimum stake which may price out users from the validation process.
• Delegation is not yet natively supported, therefore in order for an individual to participate in the validation process they must operate a their own node, meaning there is a high technical barrier to entry.

Liquid staking solves all of these problems; users will be able to stake their Aptos for Ditto staked Aptos (stAPT) which will automatically accrue yield.

Our vision is that stAPT becomes the base token that the DeFi community holds and transacts in.