Stablecoins are designed to be less risky than other cryptocurrencies because their value is pegged to an underlying asset, such as the US dollar or gold, and they aim to maintain a stable value relative to that asset. However, like any investment, stablecoins do carry some degree of risk.

💥One risk associated with stablecoins is that the asset they are pegged to could experience sudden and significant fluctuations in value, which could cause the stablecoin's value to become unstable. For example, if a stablecoin is pegged to the US dollar and the dollar suddenly loses value, the stablecoin's value could also drop.

💥Another risk associated with stablecoins is that the issuer of the stablecoin may not have sufficient reserves to back up the stablecoin's value. This could lead to a situation where the stablecoin loses its peg and its value becomes highly volatile. To mitigate this risk, it is important to choose stablecoins that are issued by reputable companies and have transparent reserve mechanisms.

💥Overall, while stablecoins are generally considered to be less risky than other cryptocurrencies, they are not completely risk-free. It is important to do your own research and carefully consider the risks and benefits before investing in any cryptocurrency.

#BTC #staketoearn #Stablecoins #Binance #USDT

👉Staking in crypto refers to the process of holding or locking up cryptocurrency in a digital wallet to support the operations of a blockchain network and earn rewards in return.

👉When you stake your cryptocurrency, you essentially help to secure the network by participating in its consensus mechanism. In some cases, staking may involve validating transactions, creating new blocks, or verifying the correctness of data on the blockchain. By doing so, you contribute to the network's security, speed, and scalability.

Stake your Crypto

👍In return for your contribution, you may receive rewards in the form of additional cryptocurrency. The number of rewards you receive depends on the amount of cryptocurrency you have staked and the specific rules of the blockchain network you are participating in.

👉Staking is seen as an alternative to cryptocurrency mining, which can be energy-intensive and requires expensive hardware. Staking is often considered a more eco-friendly and accessible way to earn rewards from cryptocurrencies.

#crypto2023 #crypto #staketoearn #rajeevanand #cryptomarg

In 2023, Starknet is prioritizing performance improvements to increase throughput, lower latency, and reduce transaction costs. The spotlight is on layer-2 blockchain protocols that have brought major improvements to various platforms and services operating in the Ethereum ecosystem. Zero-knowledge proofs have played a crucial role in the roll-out of these protocols, with Starknet leading the way.

In order to cater to the anticipated surge in users and developers, StarkWare, the company responsible for the scaling platform, has revealed its intentions to bolster its layer-2 network. Cointelegraph spoke to Eli Ben-Sasson, the co-founder and president of StarkWare, who shared the significant highlights from the 2023 roadmap for Starknet.

Increasing throughput and reducing latency are major areas of focus for performance improvements. The objective is to achieve considerably higher transactions per second (TPS) than Ethereum's mainnet, while keeping gas costs low. To achieve this goal, the team is set to release Starknet v0.12.0 soon, after a six-month development sprint involving the transition of the development stack to a Rust-based Sequencer.

“The most important thing is for builders and developers to have high throughput so that they can really build. Starknet is about increasing the computational abilities of Ethereum and we just want to provide this raw power to the hands of developers.”

In addition, StarkWare has made its programming language compiler Cairo open-source, which is intended to facilitate the development of decentralized applications (DApps) powered by zk-rollup and validity proofs. Ben-Sasson emphasized that Starknet is still aiming to achieve the ambitious goal of processing at least 10 times the throughput of Ethereum while keeping the cost at a tenth of the price.

“We're often experiencing practical TPS or gas usage that is orders of magnitude greater than what Ethereum can deal with. I'm very confident that this will also be replicated on Starknet.”

StarkEx, another layer-2 scaling engine developed by StarkWare, has demonstrated its ability to deliver significant TPS on decentralized exchange dYdX, processing up to 54 transactions per second at times. This is a significant improvement compared to Ethereum's average TPS of around 10 to 12. Starknet's improved scaling capabilities, combined with the ability to process larger transactions, bode well for the network's future.

“We're going to roll out Volition, which allows users to opt as to whether they want their data on or off-chain and this will be part of the base layer of the Starknet system.”

Reducing transaction costs is another priority for Starknet, and this will be addressed by targeting the cost of storing data on Ethereum's mainnet. Ben-Sasson revealed that the release of off-chain data availability will complement Ethereum's in-development improvement proposal 'Proto-Danksharding' EIP-4844, which aims to provide cheaper transactions.

“Market mechanisms are a very good way to solve this. Blockchain didn't invent this, blockchains adopted this from just the conventional world. That's how you prioritize resources and allow users to signal this.”

In addition, Starknet is aiming to achieve faster finality by implementing shorter and fixed interval block times on the network. A fee market will also be introduced to prioritize network resources based on users' willingness to pay for transactions, following the model of conventional market systems. Several other Ethereum layer-2 protocols are also adopting zk-rollups to enhance their efforts to provide faster and cheaper transactions on the smart contract blockchain network.

#gas #Ethereum #staketoearn #blockchain #dyor

source: cointelegraph

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

#DeFi #Arbitrum #staketoearn #yieldfarming #sustainability

Yieldification is a DeFi protocol that offers up to 50% APRs using brand new ERC-20 fungible tokens and NFTs as certificates of deposit/stake receipts. Built around the concepts of decentralized Certificates of Deposit, sustainable yield, and innovative tokenomics based on stakes & utility fees/usage & time decay asset sell taxes, Yieldification offers high yield that is sustainable over the long term.

The Yieldification ecosystem is designed to build unique NFT utility that generates revenue and pays for investor staking yield long term. This means that staking yield is sustained and APRs and utility fees are adjusted as needed to ensure long-term sustainability. Yieldification is positioned to be a significant first-mover protocol in crypto with new and improved innovation that will achieve significant market share across the entire space.

The primary ERC-20 token for Yieldification is $YDF, which serves as the entry point to the Yieldification protocol. $YDF is continuously burned and minted as revenue generating utility and protocol products that consume YDF burn and user's stake/unstake. The YDF supply is allocated between the team, a small number of trusted advisors with years of experience in crypto and DeFi, and OTC investors, ensuring transparency and fairness.

YDF is burned as revenue generating utility consumes and/or collects fees and product revenue from utility. YDF is minted anytime a user claims their yield from their sYDF or slYDF NFTs. This YDF is minted directly to the vesting contract, and a timer starts for users to begin vesting their earned yield from staking over a 90 day period.

On October 26th, 2022, Yieldification expanded to Arbitrum with a fully functional claimless 2-way bridge! The move to Arbitrum was prompted by the high gas fees on the ETH network relative to other L1s and L2s.

This means that users may be wary of paying high fees on activities such as staking, opening futures positions, claiming yield, and withdrawing vested yield. Yieldification explored a cheaper and higher throughput chain to support its protocol.

In conclusion, Yieldification is a sustainable DeFi protocol that offers high yield using innovative tokenomics based on stakes & utility fees/usage & time decay asset sell taxes. Its ecosystem is designed to build unique NFT utility that generates revenue and pays for investor staking yield long term. With its expansion to Arbitrum, Yieldification is poised to become a significant player in the DeFi space.

#DeFi #Ethereum #staketoearn #NFT #originalcontent

The world of decentralized finance (DeFi) is expanding at a rapid pace, and so are the concerns around transaction privacy and security. While the decentralized nature of blockchain technology offers transparency and immutability, it also makes it easier for hackers and malicious actors to track and exploit user data. This is where ShibAnon Transfer Mixer comes in - a revolutionary tool designed to deliver privacy and support multiple blockchain ecosystems, starting with Ethereum on launch.

At ShibAnon, the team is committed to creating a safe and secure space for everyone to move around their crypto while maintaining the highest level of convenience, speed, and privacy. With the ShibAnon Transfer Mixer, investors can rest assured that their transactions are kept completely private. This is achieved through a unique transfer dApp that executes transactions with an internally generated and validated cryptic key. This ensures that the cryptocurrency is sent to the correct receiver, while breaking the on-chain link between the source and destination addresses.

One of the key features of ShibAnon Transfer Mixer is that users keep custody of their cryptocurrencies, giving them complete control over their assets. The transfer mixer utilizes a smart contract that accepts deposits from one address and enables withdrawals from a different address, ensuring that the two addresses are not directly connected on the blockchain.

To help establish a holistic ecosystem, ShibAnon Transfer Mixer supports ShibAnon Token, an ERC-20 token available on the Ethereum blockchain that will migrate to other blockchains chosen through the platform's DAO. The platform has a transaction fee of 2% that applies to deposits only, which is used for token buy-backs, burns, and/or other strategic methods to secure the success of ShibAnon and its investors.

ShibAnon also offers a unique collection of 400 NFTs and a staking pool with a 50% APY, which increases to 75% APY when staking an NFT. Owning an NFT also results in no fees while utilizing the transfer mixer. Moreover, ShibAnon DAO is coming soon, where the top 50 wallets will participate in creating investment proposals, and the rest of the community will approve or deny these proposals, ultimately deciding where funds are invested.

At ShibAnon, the team values user anonymity and integrity while promoting the highest ethical standards. They believe in combating privacy intrusion while maintaining a safe space for everyone to enjoy DeFi the way it was intended. Join ShibAnon on their mission to take back our freedom one user at a time and spread the word about this revolutionary tool. With ShibAnon Transfer Mixer, investors can rest assured that their transactions are kept completely private, and they can continue to enjoy the benefits of DeFi without any worries.

In the system we call Farm, we put 2 different cryptocurrencies into the pool with equal cash value and combine them as LP under one roof. That is, if 2 BNB is worth $500, we put $500 BUSD against it and make lp. This is how we start the farm.

BNB-BUSD FARM

The extra thing you need to know about Farm is that your coin amounts may change during price changes. If BNB goes too high, your 2 BNB units will drop a little because BNB is sold and BUSD is added to it. If 2 BNBs are worth $600 instead of 500, they are now sold for $50, making $550 worth of BNB. $550 becomes BUSD.

When you break the LP, you naturally get a different amount of coins. If BNB falls instead of increasing, BUSD decreases and your BNB amount increases by buying BNB. This is the LP logic in the farm.

So now let's move on to Farming and proportions. We perform this transaction through Pancakswap, which is one of the best rates and also one of the most reliable platforms. The current APR rate is 13% (15% in Biswap. Anyone who wants can use that platform, but I'm going over Pancakeswap because many of you have heard of Pancake) So your money will provide 13% annual return.

Here, unlike staking, we cannot give an example over the amount of coins because we are farming. The amount of coins is constantly variable in LP. so you will get 13% return in proportion to your total money amount. The good thing is that you can redeem LP at any time, so you can instantly redeem your staked coins and collect the stakes whenever you want on a daily basis.

We can say that it is completely free and everything is in your hands. From this point of view, it can be very nice to farm over Panksswap. You can farm with the BNBs you hold and the BUSD you hold for possible declines and get good returns.

ATOM Stake

After connecting your Keplr wallet here, you can stake on the stake fish validator. The reason is one of the validators with the lowest commission rate and the highest return rate (4% commission 18% APR).

After staking here, you can collect the accumulated coins at any time and add to the staked amount again. In this way, you can quickly increase the amount of ATOM in your hand at a multiplier rate.

The point you need to know here is that if you want to get back the coins you staked, you remove the stake status by "undelegate" and it takes 21 days to get your money back.

DOT Coin

You do this via "Moonbeam" using 2 different wallets. Since it would be complicated and long to explain here, I will show this and even everything here in a video in our Youtube channel "Kriptobi".

Those who cannot make transactions will be able to watch how all the coins I have described here are staked in the video I will shoot.

Don't forget to follow us to learn more.

#staketoearn #farm #bitcoin #crypto #crypto2023

Fellow Binancians,

Binance is pleased to announce that users can now use BETH as collateral on Binance Flexible Loan while receiving ETH Staking rewards. ETH Staking rewards will be distributed in the form of BETH to users’ Spot Wallets daily.

Since Binance Flexible Loan uses users’ Simple Earn Flexible Product assets as collateral, Binance Simple Earn will also add BETH to the list of supported assets on Simple Earn Flexible Products. Please note that there will be no Real-Time APR rewards for BETH on Simple Earn Flexible Products, as users will continue to accrue ETH Staking rewards with their BETH Flexible Product subscriptions.

Get Started with Binance Flexible Loan Today

Notes:

Please refer to Loan Data for the latest interest rates and a full list of loanable and collateral assets.

BETH is a tokenized asset representing staked ETH on a 1:1 basis. For more information, please visit here.

Visit the Binance Flexible Loan or Simple Earn Flexible Product FAQs to learn more.

Terms and conditions for Binance Flexible Loan and Simple Earn apply.

Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

source: binance

image source: binance

#Binance #ETH #staking #staketoearn #dyor

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

In the world of cryptocurrency, we are very much concerned when discussing a cryptocurrency’s use cases. For example, ETH, the native token of Ethereum, is one of the most deflationary assets with probably the most use cases ever created, you can use them to participate in an IEO, or stake them under an LSD staking protocol and reinvest; BNB, the platform token of Binance exchange and the underlying token of BNB Chain, gives its holders the privilege to participate in Binance LaunchPad IEO and allows user to trade on Binance exchange with fewer transaction fees charged.

In NULS ecosystem, you can find many use scenarios with the $NULS tokens you hold!

NULS mainnet consensus staking：https://stake.nuls.io/

The NULS mainnet uses the credit consensus mechanism POC (Proof-Of-Credit). Like any other POS blockchains, NULS holders can stake their NULS assets on NULS consensus to earn more NULS. The current staking APR stays at around 10%, and The minimum amount for consensus staking is 2,000 NULS.

By participating in NULS mainnet consensus staking, you earn a 10% APR.

2. NULS POCM staking platform: https://pocm.nuls.io/pocm

POCM (Proof of Credit Mining) is an SCO Platform that allows projects to use smart-contracts to issue and distribute project tokens on blockchains.

For NULS holders, you can stake your NULS with the project you like and start earning project tokens now. Your NULS tokens never leave your wallet, and you can turn your PC off while you earn.

For POCM ecosystem projects, you use POCM to bring NULS stakers to your project and earn continuous NULS consensus rewards for project development while sharing in the NULS economy and ecology. POCM works with any blockchain asset or token.

3. Staking through NerveFarm: https://nerve.network/farm

NerveFarm is a NULS ecosystem yield farming protocol, it provides 2 staking options for NULS.

Stake NULS-USDTN LP to earn NULS

Stake NULS-NABOX LP to earn NULS

4. Staking through Nerve consensus: https://nerve.network/consensus

On NerveNetwork consensus, you can

Stake NVT-NULS LP to earn NVT.

5. Participating in PheasantSwap farm: https://pheasantswap.com/farms

PheasantSwap is a decentralized exchange built in ENULS ecosystem. On PheasantSwap farm, you can

Stake NULS-USDTN LP to earn NULS.

#nuls #nabox #nervenetwork #staketoearn #Binance

The number of staked ether (ETH) in the Ethereum 2.0 contract just hit a new all-time high (ATH) as the asset’s price bounces back to the $1,900 mark.

According to data from the on-chain analytics platform Nansen, the total number of ETH staked has reached 19,037,686 coins, marking a new ATH. Per the data, the number of validators also hit a new ATH of 590,854 at the time of writing.

Moreover, data provided by Nansen suggests that 145,255 ethers were deposited into the ETH 2.0 contract while 72,187 tokens were withdrawn.

You might also like: Meme coin craze highest in US, India, study reveals

Ethereum’s Shanghai upgrade, also known as the Capella/Shapella hard fork, was deployed on April 12. It allowed the validators to withdraw their funds from the Ethereum 2.0 contract. Per Nansen, only 2% of the total staked ETH, roughly 381,000 coins, is scheduled and waiting for withdrawals.

Furthermore, according to Glassnode, the total ETH fees paid on a seven-day median average has reached roughly 282 ETH, marking an 11-month high. Per the data, the last time the ethereum fees touched the 280 ETH mark was June 2022.

📈 #Ethereum $ETH Total Fees Paid (7d MA) just reached a 11-month high of 282.406 ETH View metric:https://t.co/wS0nd9YFUQ pic.twitter.com/MHvo98bpxj— glassnode alerts (@glassnodealerts) May 4, 2023

Ethereum is up by 1.75% in the past 24 hours, trading at roughly $1,900 at the time of writing. The asset’s price dropped below the $1,900 mark on April 30 and hit a local bottom of around $1,810 on May 1.

#ETH #staketoearn #crypto2023 #crypto