1 year ago
PRESS RELEASE. The Earn Network introduces yet different class to its community-driven marketplace – Restaking. This cutting-edge diagnostic comes connected the heels of palmy launches successful some DeFi Staking and NFT Staking and is designed to amplify the output connected integer assets.
What is Restaking?
Restaking involves the reinvestment of staking rewards backmost into the strategy to compound gains. Together with delegation capabilities, an auto-compounding mechanics has been incorporated into the Earn Network platform, enabling a hassle-free mode to spot profits grow. The restake diagnostic initially supports an array of decentralized Proof-of-Stake (dPoS) blockchains wrong the Cosmos ecosystem.
Unique Advantages of Earn Network’s Restaking
One of the standout aspects of Earn Network’s Restaking is the simplified staking process for supported projects with a minimal interest operation disposable done the platform’s dApp. In astir cases, this allows delegators to support 99% of earned rewards. Only a nominal 1% fee, oregon the lowest interest specified by the chosen blockchain network, is charged. Additionally, Earn Network’s validators screen each the fees for activated restaking activities. Being portion of the platform’s ecosystem besides offers further benefits and perks, including the accidental to person the upcoming $EARN mainnet tokens.
Official Restaking Partners
In the dynamic satellite of decentralized finance, robust partnerships are invaluable. Some of the archetypal authoritative Restaking partners include: Oraichain ($ORAI), Persistence ($XPRT), Decentr ($DEC), AssetMantle ($MTNL), and Shentu ($CTK).
For a implicit database of supported assets, sojourn the Restaking conception connected the Earn Network website.
Special Launch Giveaway
To observe this launch, the Earn Network is offering a peculiar giveaway. Any delegation exceeding $100 done the Earn Network dApp volition effect successful an grant of 50 EARN Points, a Wealth Alchemist Discord Role and a $5 token bonus for the delegation. Moreover, the apical 10 delegators volition gain an exclusive Investment Icon relation connected Discord. This connection is valid until November 19, 2023 and prizes volition beryllium distributed wrong 7 days post-contest.
Final Thoughts
This is conscionable the opening of expanding capabilities wrong the Cosmos ecosystem. Further enhancements, functionalities and assets successful the domain of restaking are nether development. For the latest updates, travel the Official Telegram Announcement Channel oregon Discord.
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