80%

Blend - $BLND is an ERC-20 token that tracks a governed, fully collateralized basket of PoS tokens. Think of it like an index. In this case, BLND currently tracks Tezos, Cosmos, and Algorand. The StakerDAO community performs the associated research regarding the PoS assets to include and their share in the basket, select validators to stake with, and through a governance process, additional tokens like ETH 2.0 or Polkadot could be included in the future. One other potential benefit is that, instead of distributing rewards to BLND holders, rewards are used to buy back and burn BLND, which may be advantageous in certain jurisdictions. BLND is offering a solution that is called by the project itself “effortless proof of stake”. It is an interesting solution for anyone looking to invest in the tokens included in the basket without having to deal with the associated pains of staking each one of them.

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