🏦STAKING

INTRODUCING STAKING IN THE BLENDVERSE FINANCE

$BLENDVERSE gives you the opportunity to stake your supported tokens, and be able to earn a share of all revenue earned directly from the BLENDVERSE protocol, a first of its kind in the DeFi space!

Put your crypto to work and earn staking rewards in real time.

Join fully transparent node pools to earn staking yields of up to 15% in real-time, without the complexity of running nodes yourself

Staking offers crypto holders a way of putting their crypto assets to work and earning passive income without needing to sell them.

WHY STAKE WITH US?

• Staking has contributed to the Blendverse test network since 2022

• Staking supports the polygon network and is dedicated to the development of the ecosystem.

• Active governance participant and voter on all key proposals.

• We operate our own RPC nodes for Blendverse Defi, which enhances network security, reliability, and decentralization.

• As a community contribution, Stakin provides public RPC nodes and IBC Relayers connecting the IBC ecosystem of networks together.

• We offer dedicated support for all your staking, unstaking, and network-related questions.

LEARN MORE

Staking (Proof of Stake) is a blockchain consensus mechanism whereby a certain number of coins are locked away in order to append new blocks to the blockchain and ensure the security of the blockchain.

Concepts you need to understand

What is a blockchain?

Blockchain is nothing more than database into which information are entered. This happens at regular intervals, or more precisely from "block to block". On DeFiChain, this takes place about every 30 seconds, on Bitcoin about every 10 minutes.

The advantage of blockchains is that they are open and decentralised, and thus resistant to censorship. To ensure decentralisation, as many independent parties as possible must check newly entered information and save it on their own computers.

Blockchain consensus mechanisms (validation mechanisms): Proof of Work (PoW) vs. Proof of Stake (PoS)

Staking is the second oldest consensus mechanism and emerged in response to Bitcoin's increasing energy and resource consumption based on Proof-of-Work (PoW).

The idea behind this way of confirming transactions differs mainly in that no expensive hardware equipment is needed to mine new blocks, but a certain amount of coins has to be acquired and set aside, thus confirming the transactions on the blockchain. This innovative way of securing the blockchain is called Proof-of-Stake (PoS).

Where do the staking rewards come from?

By owning and staking the coins, you not only become an important part of securing the entire network, but you also get paid for this service. This regular income stream is paid out directly from the blockchain and is deeply embedded in the underlying programming code. The payout amounts (emission rates) vary from blockchain to blockchain; for example, for staking DeFiChain (DFI) you currently receive over 40% APY, while for staking DASH it is over 5% APY.

What risks am I exposed to when staking?

Compared to just holding your staked coins, you are not exposed to any additional risks. Your coins are subject to price fluctuations, just as with regular holding