May 22, 2024
TruFin, a global unified liquid staking leader, is set to launch their institutional-grade liquid staking solution, TruStake, on the Aptos network.
The TruStake Aptos vault will enable users to stake their APT while retaining flexibility and control of their assets — all within a permissioned environment that prioritises security. Leveraging the scalability and performance of the Aptos blockchain, TruFin’s liquid staking solution will provide holders of APT with the ability to generate staking rewards on their holdings, enhance capital efficiency through the auto-restaking of rewards, and access additional yield opportunities across DeFi protocols.
TruAPT is the liquid staking token users receive when they deposit APT into the TruStake vault. Built on the Aptos Fungible Asset standard, TruAPT provides all the same core functionality (mint, burn, etc.) whilst also increasing in value as staking rewards accrue to the vault. Due to TruFin’s novel allocation functionality, rewards accrued by institutions that stake their APT on TruStake can be flexibly allocated to multiple wallet addresses.
Over the coming weeks, TruFin will partner with several Aptos DeFi projects to integrate the TruAPT token across the broader ecosystem. Liquidity pools will be created on leading AMMs to enable seamless TruAPT transfers, alongside TruAPT being onboarded for lending + borrowing capabilities. Additional opportunities will continue to be explored on an ongoing basis by the TruFin team to provide even greater utility for TruAPT holders.
Security has been a primary consideration in the building of TruStake Aptos; TruFin has undertaken multiple independent security audits of its protocol by Movebit and OtterSec. Launching TruStake on the Aptos network will help deepen that focus and expand user value on Aptos.
“The resilient and scalable nature of Aptos, enabled through Move and other core innovations like Block-STM that enable resiliency and scalability, made it a perfect fit for TruFin. We’re thrilled to be expanding cross-chain and to be working with the incredible Aptos ecosystem to accelerate the institutional adoption of crypto,” - Matt Molloy, CEO at TruFin Labs
Read more about the TruStake Aptos solution via our docs.
About TruFin
The TruFin Protocol builds institutional-grade Web3 primitives, such as liquid staking, that can be used as the foundational building blocks for digital asset strategies to reduce risk, generate rewards, securely on-chain.
The TruFin Protocol does not provide services to retail customers nor is it intended that any information on TruStake is a promotion, offer, invitation or solicitation for the purchase or sale of any investment and must not be relied upon for the purposes of any investment decision.
About Aptos Network
Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards.