Learn about the XDC Liquid Staking System:
Introduction
Stake Your $XDC. Earn $XDC from Masternodes!
The XDC Liquid Staking System offers an accessible way for XDC holders to stake their tokens and earn rewards from masternodes without the usual barriers, such as high capital requirements, KYC restrictions, or hosting expenses.
How It Works
1- Stake and Receive Liquid Tokens
When you stake 1 $XDC in the system, you receive 1 $pstXDC (Proof-of-Stake XDC) in return. The exchange rate is always 1 $XDC = 1 $pstXDC.
$pstXDC represents your staked XDC and can be freely used across the ecosystem.
2- Vault or Masternode Minting
To stake, you first mint an XDC Vault or an XDC Masternode through the platform.
Deposit your $XDC into the Vault or Masternode. Once deposited, $pstXDC is automatically credited to your wallet.
3- Ecosystem Integration
$pstXDC can be used in DeFi applications, providing liquidity, earning yield, or for trading, all while your staked $XDC continues to earn rewards from masternodes.
Key Features and Benefits
Access to Masternode Rewards:
By staking through the liquid staking system, users earn rewards generated by XDC masternodes without needing to host or maintain the infrastructure themselves.No KYC or High Entry Barriers:
Traditional masternode participation often requires significant capital (e.g., 10M XDC tokens) and compliance with KYC regulations. The liquid staking system eliminates these hurdles, making it accessible for all XDC holders.Lower Costs:
Hosting expenses are managed at the protocol level, removing the technical and financial burdens on individual users.Flexibility with $pstXDC:
$pstXDC acts as a liquid staking derivative, allowing holders to retain liquidity while earning staking rewards. This token can be transferred, used in decentralized applications, or redeemed for the original $XDC at any time.Decentralized Reward Distribution:
Rewards from masternodes are distributed proportionally and transparently to all participants.
The XDC Liquid Staking System simplifies staking, removes barriers, and unlocks the potential of your $XDC while maintaining flexibility and liquidity. Stake today and put your XDC to work!
Two types of liquid staking:
Guides on the following links:
1- XDC Vaults: Link
XDC Vaults are integral to the XDC Liquid Staking System, providing a secure and efficient mechanism for staking $XDC tokens and receiving staking derivatives ($pstXDC). These vaults simplify the staking process, remove traditional barriers, and unlock new opportunities for XDC holders.
What Are XDC Vaults?
XDC Vaults are on-chain smart contract-based storage solutions where users deposit their $XDC tokens for staking. Upon depositing, users receive $pstXDC, a liquid staking derivative representing their staked $XDC.
More in the link above...
2- XDC Masternode Vaults: Link
XDC Masternode Vaults are specialized staking Vaults designed for users with a minimum of 10 million $XDC tokens who wish to operate an XDC masternode. These Vaults simplify the process of running a masternode, managing rewards, and covering operational expenses, while also providing liquidity through $pstXDC tokens.
What Are XDC Masternode Vaults?
XDC Masternode Vaults function similarly to standard XDC Vaults but are exclusively for users with 10M $XDC required to mint the Vault. These Vaults allow users to stake $XDC, operate a masternode, and earn 7.65% APY from the masternode rewards. Additionally, when staking 10M $XDC, users receive 10M $pstXDC in their wallet, enabling liquidity through liquid staking derivatives.
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