Phemex, a leading crypto exchange known for its efficiency, has unveiled a groundbreaking staking service called Onchain Earn. This new feature aims to simplify the staking process for users by integrating proof-of-stake rewards directly into the platform, enhancing the overall user experience. The publication demonstrates positive momentum in the developments.
Onchain Earn: Earning Competitive Yields Made Easy
Onchain Earn allows Phemex users to earn competitive yields on popular cryptocurrencies such as ETH and SOL without the hassle of managing external wallets or decentralized applications. By utilizing staking protocols, the service optimizes capital usage, ensuring that users' assets remain consolidated within a single account while rewards are distributed transparently.
Exclusive ETH Pool Launch
In addition to the staking service, Phemex is launching an exclusive ETH Pool. Participants in this pool can earn ETH staking rewards while also accumulating Mellow Points and Symbiotic Points, which may qualify them for future project airdrops. This initiative not only incentivizes participation but also enhances user engagement within the Phemex ecosystem.
CEO's Vision for Onchain Earn
Federico Variola, CEO of Phemex, emphasized that Onchain Earn is crafted to maximize efficiency, enabling users to earn rewards directly on the platform while maintaining visibility and control over their assets. This launch is a significant addition to Phemex's wealth management offerings, which already include:
- Spot trading
- Futures trading
Future Expansion Plans
With plans for future expansions to incorporate additional networks and assets.
Currently, PepeNode continues to gain traction in the crypto community with its innovative tokenomics and staking features. For a deeper dive into these developments, check out our latest article on PepeNode's unique approach to tokenomics and staking here.
