The Top 5 Most Promising DeFi Staking Opportunities of 2021
The Top 5 Most Promising DeFi Staking Opportunities of 2021
DeFi
has become extremely deep-rooted as an established breakthrough to a
crippling economy. The opportunities that the present DeFi landscape
offers to participants are undeniably profound. The space has, without a
doubt, accelerated wealth creation among the masses. And one of the
strongest contributing mechanisms that serve as proof that DeFi has
completely reformed the financial system is Staking.To get more news
about WikiFX, you can visit wikifx.com official website.
When
earlier, people settled for the meager returns as interests on their
capital holdings. The advent of DeFi staking now allows users to bank
the unbanked quite literally. It is now possible to yield solid returns
merely by holding your crypto and without performing any trades or
transactions. The prospect must have felt like a technical impossibility
a few years ago; it is now one of the most fundamental reasons behind
the meteoric rise of DeFi.
The Top 5 Most Promising Staking Opportunities in 2021
In
recent months, there has been an influx of projects that offer numerous
staking opportunities with their own set rewards. However, there are
specific DeFi protocols that stand out the most. These protocols not
only represent the highest potential behind Staking in its present form.
But allows us a glimpse of a future where Staking becomes a flourishing
and sustainable channel of passive income for users.
Synthetix
Synthetix
is a decentralized exchange and decentralized platform that allows for
the trading and issuance of synthetic assets. Meaning specific digital
assets that share similarities with or represent other real-world
assets, including fiat currencies, cryptocurrencies, commodities, and
share.
Synthetic Network Token or SNX is the utility token of
the Synthetix network and plays a key role in the creation of synthetic
assets, called the synths. The synth tokens, on the other hand, are
synthetic assets that can represent the price of real-world assets. The
Synthetix ecosystem offers users many mechanisms for revenue generation,
including the ability to stake SNX tokens.
When users stake
SNX tokens, their deposits are clocked automatically, and rewards are
generated on the performance trading fees. Users can go one step further
and participate in the inflationary nature of the SNX token. Currently,
Synthetix offers a staking reward of 32.68% to its users.
Nimbus
Nimbus
is a DAO-governed platform that combines time-honored traditional tools
with the best advantages of DeFi. Nimbus has been around in the
blockchain industry since 2019. However, recently, the platform
transitioned into a true DeFi ecosystem that offers over 15 Revenue
Streams generated by their pools and dApps. For an ecosystem offering so
many complex value-based functionalities, Nimbus makes things extremely
simple and user-friendly for its users.
Take, for instance,
one of their functionalities – the Nimbus Staking for their NBU token.
The great thing is, they offer 3 staking options with 10-40% APY that
cater to different users. But the APYs will remain that high only until
May 24, 2021, so users have to hurry up! Moreover, there are no minimum
staking sum requirements so everyone can participate.
Also,
there has been a lot of buzz regarding Nimbuss P2P Exchange
functionality, Lending-Borrowing dApp, and the expansion on Binance
Smart Chain. It will undoubtedly be quite exciting to see where the
upcoming events steer the Nimbus platform in the market. For now, things
look extremely promising.
Mirror Protocol
Mirror
Protocol is another DeFi project powered by the Terra network that
enables the creation of synthetic assets called mAssets or mirrored
assets. The protocol aims to follow the price pattern of a fiat asset,
thereby offering traders an open price exposure. This means, when
interacting with Mirror Protocol, users dont have to deal with the
process of owning or transacting in fiat assets.
Besides
mAssets, the Mirror Protocol also has a native token called MIR or
Mirror Token. The protocol allows its liquidity providers to stake their
LP tokens or MIR to receive staking rewards. Currently, Mirror Protocol
offers a staking reward of up to 16.75% to its liquidity providers.
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