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Dear users,
The team here at Poloniex is thrilled to announce the launch of our new Liquid Staking product! This has been a labor of love for us and we are excited to finally share it with all of you.
But before we go into the details, letâs take a step back and talk about the current state of the crypto market. As we all know, the crypto market can be volatile and unpredictable at times. However, despite the ups and downs, we remain bullish on the long-term prospects of cryptocurrency. We believe that it has the potential to revolutionize the financial industry and bring greater financial inclusion to people around the world.
One way that users can participate in and support the growth of the crypto movement is through staking. For those who may not be familiar with staking, it is a way for holders of certain cryptocurrencies to earn passive income by supporting the security and decentralization of a blockchain network. By âstakingâ their crypto, users can contribute to the validation process and earn rewards for their contributions.
Weâre also proud to be able to offer a product that prioritizes the concept of âsafety over livenessâ. This means that we prioritize the prevention of slashing risks and potential losses for our staking participants over maximizing uptime. We believe that this approach is key to gaining the trust of our users and providing a secure staking experience.
We are launching with 4 protocols: Cosmos (ATOM), Polkadot (DOT), Near (NEAR), and Solana (SOL). And we have plans to add even more cryptocurrencies in the near future. We are proud to be able to offer near-validator levels of APR, up to 23.75%! This product is a flexible staking product, which means our users will have the freedom to trade, buy, and sell their staked crypto and accrue rewards with the amounts they hold in their Earn account.
The following offerings are available now.
Note: The above parameters may be adjusted or changed, please refer to the actual product page.
How to participate
Web: Navigation bar>Earn>Search coin>Click âSubscribeâ
Mobile: Homepage>Earn>Search coin>Tap âSubscribeâ
We are confident that our Liquid Staking product will be a valuable addition to any crypto portfolio and we canât wait for you to try it out. In these turbulent times, staking your crypto may feel a little like trying to ride out a storm on a life raft. But donât worry, weâve got you covered! With our staking product, you can weather the marketâs ups and downs and come out on top (or at least a little drier).
Thank you for your support and happy staking!
- The Poloniex Team
Letter to our users upon the launch of our Liquid Staking product was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.