🌐How it works
Last updated
Last updated
Aquastake introduces a groundbreaking liquid staking protocol that transforms the staking experience for users, offering unparalleled liquidity and flexibility. Here's an overview of how Aquastake works and the benefits it provides to its users:
Stake $AQUA for $sAQUA: Users can stake their $AQUA tokens in Aquastake's liquidity pools and receive an equivalent amount of $sAQUA tokens in return. These $sAQUA tokens represent the user's stake in the protocol and are freely tradable and transferable.
Rewards Distribution:
Daily Rewards: Stakers earn daily rewards based on their stake in the protocol. These rewards are automatically accrued and reflected in the staker's $sAQUA balance.
Flexible Withdrawal: Users have the flexibility to withdraw their rewards either weekly without any fee or daily with a nominal 1% fee. This allows users to tailor their withdrawal strategy based on their preferences and requirements.
Participation in DeFi Protocols: $sAQUA tokens can be utilized to participate in other larger DeFi protocols incubated by Aquastake. This enables users to leverage their staked assets in various DeFi opportunities and maximize their returns.
Liquidity: Aquastake ensures that staked assets remain liquid by providing users with $sAQUA tokens, which can be freely traded, transferred, or utilized in other DeFi protocols.
Flexibility: Users have the flexibility to withdraw their rewards either weekly without any fee or daily with a nominal 1% fee, enabling them to manage their assets according to their individual preferences and needs.
Participation in DeFi Ecosystem: Aquastake facilitates users' participation in other larger DeFi protocols by allowing them to use their $sAQUA tokens. This expands users' opportunities within the DeFi ecosystem and enhances their ability to maximize returns.
Transparent and Secure: Aquastake prioritizes transparency and security, ensuring that users' staked assets and rewards are safeguarded through robust smart contract mechanisms and auditing processes.
With its innovative approach to liquid staking, Aquastake empowers users to stake their assets with confidence, knowing that they can access liquidity, earn rewards, and participate in the broader DeFi ecosystem seamlessly.
