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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

NEAR Protocol Achieves 50 Million Operations Milestone

chest

NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.

user avatarArif Mukhtar

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

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.