Ecosystem Vision Logo
Avely logo

Avely

Avely is a liquid staking protocol built on Zilliqa that issues stZIL, a tradable and transferable token representing staked ZIL. It serves ZIL holders and DeFi users who want to earn staking rewards while retaining liquidity to trade, transfer, or use their staked assets in other DeFi protocols.
Distributed

Description

Avely operates a liquid staking protocol on the Zilliqa blockchain centered around the stZIL token. Users stake ZIL or transfer existing stake to receive stZIL, a ZRC-2 token whose price automatically increases as the underlying smart contract claims staking rewards and restakes them. This design allows users to skip the roughly two-week staking withdrawal lock by trading stZIL for ZIL on decentralized exchanges, including Avely Swap, instead of waiting for unbonding. The protocol targets ZIL holders and DeFi participants seeking liquid, tradable, and transferable staking positions with automatically compounding rewards.