Brasa Protocol
What is Brasa?
Brasa is a liquid staking protocol built on Fogo that enables users to stake their FOGO tokens while maintaining liquidity. By staking with Brasa, you receive stFOGO tokens that represent your staked position, allowing you to:
- Earn staking rewards without locking up your assets
- Use stFOGO in DeFi to generate additional yield on top of staking rewards
- Maintain liquidity while your FOGO continues earning rewards
- Optimize yield through Brasa’s active delegation strategy
Liquid Staking
Traditional staking requires you to lock your tokens, making them unavailable for other uses. Liquid staking solves this by issuing you a liquid token (stFOGO) that represents your staked position. This means you can:
- Trade your staked position on decentralized exchanges
- Use it as collateral in lending protocols
- Provide liquidity in DeFi pools for additional yield
- Transfer it to other wallets
All while your underlying FOGO continues earning staking rewards.
Staking Infrastructure
The protocol stakes its FOGO across the Fogo validator set, ensuring your stake contributes to the network’s security and decentralization.
Delegation Strategy
Brasa currently employs an equal distribution strategy across all well-performing (APY-adjusted basis) validators in the network. This approach:
- Promotes network decentralization
- Reduces concentration risk
- Supports a diverse validator ecosystem
- Delivers optimal staking yields
Reserve Management
To enable instant withdrawals, the protocol maintains a reserve of unstaked FOGO:
- Target: 1% of total value locked (TVL)
- Rebalancing: Automatically adjusted every Fogo epoch
- Epoch duration: Currently 1 hour (subject to change as the network evolves)
The reserve ensures sufficient liquidity for users to instantly withdraw their FOGO without waiting for unstaking periods.
Key Features
Gasless Staking
Brasa offers a seamless staking experience with gasless transactions, allowing you to stake in the most user-friendly way possible while paying no gas fees.
Dynamic Rebalancing
The protocol automatically distributes stake across zones and validators to maintain even balance across the network’s economic security, requiring no manual intervention from users.
Team
Brasa is built and operated by Firstset , a staking lab and early contributor to Fogo. Firstset has been participating as a validator on the Fogo network since Genesis, bringing deep expertise in validator operations and network security to the protocol.