The Elysian Finance Introduces Second Tier of Staking Rewards

The Elysian has announced that it has launched a second tier of staking rewards. The second tier is a more generous way for the staking community to earn more money. The new system includes a reward calculator and a personal account. The network also has professional auditing and a transition period of 3 months. As part of this new system, the Elysian community will be given access to the ablock bot. The Elysian Finance introduced a second tier of staking rewards. The lINA reward is locked for a year to prevent negative impact on the circulating supply. Users can use these lUSD and lLiquids to build their portfolio. Once these tokens are unlocked, they will automatically be staked. A third tier will be introduced in the future.

The Elysian Finance has introduced a dual staking reward program

The lINA staking reward is a reward program for the LINA cryptocurrency. The staking rewards are capped at eighty-one percent. The amount is capped at twenty-two percent, a record-high. Once unlocked, the LINA reward is locked at three hundred and thirty percent. If a user reaches this threshold, their reward will be reset to one-tenth of its value. The staking reward program enables users to earn more by locking their assets in escrow to secure the network. As a result, this new staking rewards program eliminates both opportunity costs for lenders and stakers. Unlike traditional staking, this system allows liquidity mining, which lets users stake their Polkadot (DOT) tokens for native staking reward. Users can stake DOT tokens in order to earn native staking rewards. By staking the DOT tokens, users can receive native LP to access the network. This is an innovative way to reward the holders of the DOT. The staking process also rewards the investors with the residual staking funds.

The second tier of staking rewards is the newest tier of staking

The second tier of staking rewards is a new feature introduced with the Columbus-3 hard fork on December 13. The first staking reward tier was introduced on December 13th, but has since reached the 0.8% level, close to the maximum of 1%. The staking reward tier is a new tier of staking. The staking market cap in the cryptocurrency world is more than sixteen billion dollars USD. This means that the staking network will continue to grow. These are tokens that are issued to staking participants. The staking market cap of this network has surpassed 16 billion dollars. There are now over 100 validators in the Solana network, which has a 400ms block time. The rewards will be doubled.

Conclusion

The stake in the network increased slightly, with +0.8% (+5.6M tez). The network's staking reward tier was chosen over exchanges by new delegators. The new staking reward tier also offers an incentive for exchange-based staking. The first staking rewards in the community baker tier are limited to a maximum of one million tez. In the first tier, delegators chose community bakers over exchanges for their reward. The second staking reward tier was introduced in August. This new staking tier was implemented on the first day of the staking rewards. However, it's still early days. The second staking reward is expected to be introduced in September. If the staking reward is successful, it will be a good sign for the network's growth.

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✓ For more Information

Website: https://elysian.finance/
Twitter: https://twitter.com/Elysian_Finance
Telegram: https://t.me/elysianfinance
Github: https://github.com/ElysianFinance
Discord: https://discord.com/invite/qjuqy6X

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✓ Author

BCT Username: Actum
BCT Profile Link: https://bitcointalk.org/index.php?
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Telegram Username: @Actum01
BSC Wallet Address:0x8f18FeF897De648950a4E1BAA6FEf9c49182f9b2

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✓ Hashtags: #ElysianFinance #DeFi #ETH #Ethereum #LYS