Learn How to Effectively Use Liquid Staking on NEOPIN

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. What is Liquid Staking
  2. NEOPIN’s Liquid Staking Protocol
  3. Guide to Liquid Staking


    4. Liquid staking is a revolutionary service allowing users to receive liquidity tokens in exchange for their assets, enabling their usage across various DeFi protocols.

    What is Liquid Staking

    The concept of Liquid staking allows users to retain the advantages of traditional Proof of Stake (PoS) systems while gaining additional flexibility. In conventional PoS staking services, assets are locked for the staking period, limiting their use. With Liquid staking, users receive tokens representing their staked assets, which can still be utilized.

    NEOPIN’s Liquid Staking Protocol

    On NEOPIN, when assets are staked, users receive npTokens (e.g., npETH, npKLAY), which can be used in various DeFi protocols. Users can stake even small amounts, starting from 0.01 ETH. Rewards are automatically compounded, simplifying the process of earning additional income. Different membership levels allow users to earn an additional percentage of returns based on their tier.

    Guide to Liquid Staking

    To perform Liquid Staking operations, follow this guide: 1) Stake - Go to the [Staking] menu on the main screen or the [Earn] tab > [Stake]. - Select the product for staking and go to the product detail page. - Review the product information and click [Stake Now], then enter the amount to stake and complete the process by entering the PIN code. 2) Unstake - Go to the [Staking] menu on the main screen or the [Earn] tab > [Stake] and select the product for unstaking. - Review the details of your staked product and click [Unstake], then enter the amount and complete the process by entering the PIN code. 3) Claim Rewards - Go to the [Rewards] menu on the main screen or the [Earn] tab > [Rewards]. - Click [Claim] and select the token for the reward, then complete the process by clicking [Claim Rewards].

    Liquid staking on NEOPIN significantly enhances traditional PoS systems by allowing users to earn income while maintaining asset liquidity. The product is easy to use and offers an opportunity for additional income through membership tiers.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.