Features

Learn the main features of the Cora Leverage Staking Protocol

Some of the main features of Cora are:

• No oracles

• No liquidation risk

• MEV protection

• Low gas transaction costs

• Low capital requirements

No oracles

The Cora protocol doesn't require any oracle interaction. This is because our lending rates are purely market driven. This means that suppliers are responsible for defining their desired lending rates.

We include token emissions rewards as a function of the total value locked and utilisation of each supplier's position. This means that suppliers have the incentive to set up realistic or attractive lending rates, so their positions can be matched and increase their rewards.

Once leveragers open leverage positions, they decide if they are willing to accept those lending rates and at maturity, these will be terms that are settled.

For these reasons, Cora Leverage Staking doesn't require any oracle.

No liquidation risk

The Cora protocol ensures that a leverager can pay their fixed rate commitment at leverage time. This ensures that in the worst-case scenario (highly improbable), none of the LSTs generate any yield, and the fixed rate can be paid.

It is important to realise that the leverager assumes the risk of paying the fixed rate, for that reason a liquidation mechanism is not required.

MEV protection

Since the Cora protocol doesn't require interaction with multiple protocols in order to achieve a leveraged position and the leverage position settles after a period of time, the risk of miner extractable value is removed.

Low gas transaction costs

Cora leverage staking was built from the ground to support this particular use case. It means we don't need to create complex transactions or interact with multiple protocols in order to achieve a leveraged position. For that reason, the gas fees will be low in comparison with other alternatives.

Low capital requirements

In order to open a leverage position users simply deposit their LST or ETH to the protocol. There is no need to pay any funding rate or to maintain the position.

There is also no minimum amount to leverage as long as you can cover the fixed rate at leverage time.