Pondo (PNDO)

What is 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 programatic making the protocol decentralized while at the same time not relying on any gouvernance mechanism.

$PNDO is the token at the core of Pondo Protocol’s fee and rewards mechanism. It has a fixed supply and is deflationary, meaning it can only be burnt but never minted. $PNDO holders can redeem their tokens for a proportional share of the Aleo credits in the Rewards Pool.