您现在的位置是:Cake DeFi launch its ETH staking service >>正文
Cake DeFi launch its ETH staking service
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛2786人已围观
简介Cake DeFi has launched its Ethereum staking service and also allows users to unstake their tokens wh...
Cake DeFi has launched its Ethereum staking service and also allows users to unstake their tokens whenever they like.
Cake DeFi, the leading, fastest-growing Singapore-based fintech firm providing easy access to Decentralised Finance (DeFi), has announced the launch of its Ethereum staking service.
According to the press release shared with Coinjournal, Cake DeFi said its ETH staking service comes with added access to liquidity via a tradable token that can be sold in the open market.
Staking ETH tokens is now possible thanks to the Ethereum network’s recent migrationfrom its proof of work to proof of stake protocol.
While staking on the Ethereum network is now possible, Cake DeFi explained that unstaking is currently not supported by the Ethereum network. Investors will have to wait for the Shanghai upgrade to unstake their ETH, which could be a year or so later.
Cake DeFi said it would soon make it possible for its users to stake and unstake ETH tokens whenever they wish. Dr. Julian Hosp, Co-Founder and CEO of Cake DeFi, commented that;
“ETH Staking is the latest addition to our popular Staking service. We made a deliberate decision to host our own nodes in Singapore. At the moment, Ethereum nodes are mostly concentrated in North America and Europe. Hosting our own Singapore-based nodes will boost the confidence of investors and developers in the region and support the spirit of decentralization. Many exchanges and platforms are not offering ETH unstaking until the Shanghai upgrade, but it was important for us to provide liquidity to our ETH stakers which will be achieved via an open market.”
Cake DeFi said its ETH Staking service would enable users to earn around 5% annual percentage yields in return. Returns in Cake DeFi’s ETH staking will also be auto-compounded every 12 hours to generate significantly more returns compared to non-compounding ETH staking, the team added.
Cake DeFi is a fully transparent, highly innovative fintech platform dedicated to providing access to decentralized financial services and applications by enabling users to generate returns from their crypto and digital assets. It is operated and registered in Singapore and is subject to applicable laws and regulations in Singapore.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/917359.html
相关文章
NASA trials next
Cake DeFi launch its ETH staking serviceBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.In a rare...
阅读更多
‘World’s first’ robot
Cake DeFi launch its ETH staking serviceBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Santa Cla...
阅读更多
Ethereum Deep Dive: Health check ahead of Shanghai upgrade in next month
Cake DeFi launch its ETH staking serviceKey TakeawaysEthereum’s Shanghai upgrade is slated for March, when all staked ETH will be rele...
阅读更多
热门文章
- PayPal is in talks with BitGo on a possible acquisition
- Porsche NFT price suddenly soars days after mint halt: here’s why
- Financial Bodies Lag Behind in Tracking Crypto Transactions
- Graphene ‘gold’: MIT finds new properties in pencil lead
- Experts: South Korean Crypto Bill Conflicts With Present Laws
- Crypto short traders lose $200M to liquidations as Ether hits a two
最新文章
Texas plant to generate 10 MW of power with desk
New study finds disposable e
Alberta Glacier serves as a test bed for NASA's futuristic robotic snake
New 'super melanin' cream may pave the way for anti
Goodbye fertilizers! Bacteria offer sustainable option for pest control
Crash gambling: The best crash gambling sites and beginner's guide