Lido, the largest decentralized finance (DeFi) protocol by total value locked, unveiled plans during its Node Operator Community Call #5 to release a non-fungible token (NFT) representing a user’s withdrawal request amount as part of the process of unstaking their ether (ETH).

Ether withdrawals on Lido, where users can unstake their stETH and receive ETH at a 1:1 ratio, will have two steps: request and claim, according to Mariya Muzyko, product manager at Lido, during the call Tuesday afternoon. Once a user requests a withdrawal, they will receive a Lido-issued NFT representing their withdrawal request. The user can then use the NFT to claim their ETH rewards. The NFT is burned after the user redeems and claims their ETH.

Lido was the first to provide access to liquidity to ETH holders who wanted to stake their tokens by issuing a derivative token, stETH. This token represents the combined value of the user’s initial deposit plus accrued interest and can be used across many DeFi platforms. The introduction of an NFT into the request withdrawal process represents another first of its kind.

Each withdrawal-request NFT will be transferable, which means users can transfer the NFT to another address, giving this new address the right to claim the corresponding ether rewards. If a user decides to sell their NFT on secondary markets, Lido said it will not take a royalty percentage from the sale.

Withdrawal periods will take roughly one to five days to process, depending on the amount of stETH in the withdrawal and the number of total requests, according to the community call.

#ETH #Ethereum #LIDO #Binance #STAKING

In the dynamic landscape of decentralized finance (DeFi), liquidity staking has emerged as a great avenue for earning opportunities. This is evidenced in its increasing popularity: in recent years, staked crypto has experienced exponential growth.
Let's delve into the realm of liquidity staking, exploring its rising prominence and the lucrative possibilities that the TFS token offers in particular.
What is Liquidity Staking with TFS Token?
Liquidity staking involves actively participating in DeFi by staking TFS Tokens alongside USDT on platforms like PancakeSwap. This not only bolsters TFS Token liquidity but also rewards you with additional TFS Tokens.
Liquidity staking plays a crucial role for several reasons.
Market stability: It prevents market price fluctuations during token pair transactions, ensuring a stable trading market.Decentralized Exchange Support: It actively supports decentralized exchanges, fostering their reliability and flexibility.Contributing to DeFi Growth: By ensuring stable trading environments and supporting key infrastructure, liquidity staking contributes significantly to the broader growth and resilience of the DeFi sector.
Benefits of Staking Your TFS Tokens
If you decide to stake your TFS Tokens, here are some of the benefits you can expect.
Earn Passive Income: Stake TFS Tokens to receive a share of transaction fees, unlocking a stream of exciting passive income.Market Growth Impact: Contribute to TFS Token adoption and market cap by injecting liquidity into the ecosystem.Flexibility in Withdrawals: Users can withdraw rewards whenever they want without the constraints of minimum waiting periods found on other similar platforms.
Potential Returns: A Game Changer
How does this translate into earnings?
Your potential returns are calculated based on Fairspin's Gross Gaming Revenue (GGR), your stake fraction, and a time multiplier. This multiplier varies, starting at 0.3 for stakes below 7 days and reaching 1 after 30 days or more.
Participants who stake for longer than a month can earn up to 0.5% of Fairspin’s GGR!
TFS liquidity staking allows users to theoretically leave their tokens staked indefinitely, earning passive income over time. Unlike some staking applications, Fairspin's Liquidity Staking doesn’t terminate staked positions based on time, providing continuous earning potential.
On the other hand, Fairspin’s liquidity staking offers users the freedom to withdraw rewards at their convenience without the constraints of minimum waiting periods.
Boost Your Earnings with Liquidity Staking
Supercharge your earnings by registering with the following promo code: TFSBo0st. Each activation, equivalent to 180 TFS, unlocks exclusive staking benefits.

#LSDfi #STAKING #TFSTOKEN

We've allocated a whopping 200,000 SAKAI tokens to the Staking Pool V2, demonstrating our unwavering commitment to building a thriving ecosystem.
Here's what awaits you:
200,000 SAKAI tokens distributed among Staking Pool V2 participants.18,000 SAKAI tokens allocated monthly via our DAO Monthly Support Strategy to empower our incredible community.
Committed to rewarding our stakers!
We're constantly working to optimize rewards and ensure a fair system for all participants. Stay tuned for exciting future updates and enhancements!
Ready to stake? Get started now!
➡️ https://appv2.sakaivault.io

➡️TG @SakaiVaultAnnounce

➡️ BINANCE LIVE

#SAKAIStaking #REWARDS #DEFI #STAKING #STAKING