After over a year of intense R&D, we are pleased to announce the imminent deployment of the Suzaku core protocol to mainnet later this month and the integration of the first two Avalanche L1s, along with the emission of the first two L1 LSTs of the ecosystem!

Dexalot, the leading omni-chain CLOB L1, and PLYR, a Web3 gaming powerhouse L1, will leverage the Suzaku protocol to kick off their decentralization journey, enabling their community to participate in securing their chains through liquid staking.

Liquid Staking for Avalanche L1s with Suzaku

Thanks to its modular architecture, the Suzaku protocol addresses all staking use cases for Avalanche L1s and adapts to their maturity stage.

The most important need of any L1 is the staking of its native token to ensure that all network participants are aligned with its long-term success. The issuance of an LST (Liquid Staking Token) enables the L1 community to participate in DeFi activities while contributing to the network’s security, maximizing capital efficiency.

Here’s how liquid staking works on Suzaku:

1. The L1 team deploys an LST Vault on the protocol to enable liquid staking from their community. At a higher maturity stage, the ownership of this Vault can be transferred to the project DAO, and later, the team can let anyone create other LSTs on top of their L1.
2. Stakers from the community liquid stake their tokens in the Vault, and receive LST tokens in return.
3. The Vault delegates staked tokens to different operators. The more operators on the network, the better for effective decentralization.
4. Operators, in turn, run validators for the L1. The amount of rewards distributed to each operator is adjusted based on the uptime of its validators.
5. The L1 team rewards both operators and stakers for their contributions to the network.

Suzaku-powered L1 LSTs live on the Avalanche C-Chain, which ensures the highest degree of security for staked tokens.

sPLYR is live today

Users can start liquid staking their PLYR tokens today to prepare for the PoS activation, which will occur later this month.

Head over to https://staking.plyr.network

PLYR is following the progressive decentralization approach enabled by Suzaku, starting with a maximum of 10% of the consensus power allocated to PoS validators in the 1st phase.

The number of validators of the PLYR L1 will double, from 5 today, to 10, with up to 5 PoS validators run by the Ash Team once the staking requirements are reached.

In the coming months, PLYR will extend its reliance on PoS and grow the number of operators and validators participating in the network.

sALOT live later this quarter

Stay tuned for an announcement of the sALOT launch!

Staking epochs and unstake delay

Staking epochs for Suzaku-powered LSTs are 7-day long.

After unstaking, a user can withdraw their tokens after a full epoch has passed. This effectively means that it takes between 7 and 14 days for your tokens to be withdrawable, depending on when you initiated the unstake during the current epoch.

L1 LSTs Rewards and Incentives

On top of native L1 token rewards (PLYR and ALOT), stakers will receive incentives in AVAX and 2.5x boosted Suzaku points!

A Turbo Boost for PLYR Cluster Owners

To further align long-term contributors with network growth, PLYR is introducing an additional incentive for Cluster Owners on PLYR L1.

Stakers who hold an active Cluster will have a boosted reward rate on their sPLYR positions directly on the PLYR L1 chain.

Rewards distribution

Rewards and incentives are distributed twice per epoch, based on the performance of the underlying validators. The first rewarded epoch will be advertised on our socials, so stay tuned!

Suzaku DAO allocations

Following the L1 LSTs launch, the Suzaku DAO treasury will receive an allocation of L1 tokens that will be strategically deployed across staking and DeFi to sustainably support the L1 ecosystem. The DAO will decide how to allocate revenues generated by the treasury through governance at a later stage.

A Dune dashboard will be released to track holdings of the Suzaku DAO treasury.