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Learn How to Effectively Use Liquid Staking on NEOPIN

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by Giorgi Kostiuk

a year ago

  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.

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