$sLIQ – Quick Overview
$sLIQ is Liquidium’s liquid staking token built on Bitcoin Runes.
By staking $LIQUIDIUM•Token($LIQ) users receive sLIQUIDIUM•Token ($sLIQ), which represents their staked position and grows in number of tokens as staking rewards accrue.
This lets holders earn protocol revenue in $LIQ tokens while keeping their tokens liquid, transferable, and usable across the Liquidium ecosystem.
It’s the first Rune-based LST (Liquid Staking Token) deployed by a live Bitcoin DeFi protocol — expanding the Bitcoin-native toolkit without bridges or wrapped assets.
$sLIQ – Overview
Staking traditionally involves locking tokens for yield — at the cost of flexibility.
Liquid Staking Tokens (LSTs) solve this by issuing a tradable token that represents the staked position and auto-accumulates rewards.
$sLIQ follows this reward-bearing model:
Stake $LIQ → receive $sLIQ
Protocol revenue (30% of fees) is used to buy back $LIQ daily and add to the staking pool
The exchange rate between $sLIQ and $LIQ increases over time
Late stakers mint at the updated rate — ensuring fairness
$sLIQ remains fully tradable, transferable, and usable as collateral
🔹 $sLIQ – Key Facts
Property | Details |
Token | $sLIQUIDIUM•TOKEN |
Source Token | $LIQUIDIUM•TOKEN |
Issuance Ratio | 1:1 at launch, then dynamic (reward-bearing) |
Rewards | 30% of Liquidium fees → used to buy back $LIQ on a daily via the open market. |
Liquidity | Tradable on $sLIQ•TOKEN/BTC pairs |
Collateral Usage | Usable on LiquidiumWTF native Bitcoin L1 P2P lending platform |
Governance | Carries same fee rebates as $LIQ and more voting power |
$sLIQ – Mechanics
1. Stake
Deposit $LIQ → mint $sLIQU 1:1 upon launch. Then dynamic (reward-bearing)
2. Rewards Flow
Each day, 30% of protocol fees (LiquidiumWTF and LiquidiumFi) are used to buy back $LIQ from the open market, which is deposited into the staking contract.
3. Rising Exchange Rate
As the contract’s pool of $LIQ grows and $sLIQ’s supply stays fixed, the numeric value of each $sLIQ rises.
e.g., If the pool grows 2% → next day 1 $sLIQ = 1.02 $LIQ.
4. New Stakers
New participants mint $sLIQ at the current rate, ensuring early stakers aren’t diluted.
5. Unstake
After a 7-day cooldown, redeem $sLIQ for your $LIQ + all accumulated rewards.
$sLIQ – Benefits
Benefit | What It Means |
Passive Yield | Earn protocol revenue without managing claims or spending Bitcoin transaction fees. |
Liquidity | $sLIQ is tradable on BTC pairs and will be integrated within future BTC-Fi tools |
Collateral Utility | Use $sLIQ as collateral on LiquidiumWTF’s native Bitcoin L1 P2P lending platform |
Equal Governance & Rebates | Each $sLIQ carries the same voting power and fee‑rebate status as an equivalent amount of $LIQ. |
Bitcoin-Native | Runs on Layer 1 using Runes and PSBTs — no bridges, no wrapped assets |
🔹 $sLIQ – Important Links
📖 Read the official blog: sLIQUIDIUM: Introducing Bitcoin’s DeFi Liquid Staking Token
🗳 Proposal: [LIP-12 – Staking Module Launch]