DeFi Staking Platform Development To Start DeFi Staking as Service

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DeFi Staking Platform Development 

We,  Bitdeal - The Leading DeFi Development Company, understand the need of a decentralized finance system and we started to support defi projects to grow aggressively in the FinTech industry. With our predominant DeFi solution, bitdeal making reputation for its DeFi Platform Development Services. As a part of DeFi Development lab practices, we have initiated to provide irreplaceable solutions on DeFi Staking Platform Development. We create  DeFi staking platforms with high end security and with minimized risks.

Since DeFi is an Open Source Finance system, the goal of defi would be favoring the end users or crypto owners in all aspects. As staking is already familiar in cryptocurrency, DeFi brings some interesting benefits over crypto staking. Let us have a brief look on what is defi staking and more things based on it.

What Is DeFi Staking ?

DeFi staking is a highly lucrative way to earn passive income just by staking crypto assets on a wallet, or an exchange that supports crypto staking. Crypto staking has been widely discussed around the cryptocurrency industry, and after the announcements of Ethereum 2.0, staking has been practically boosted everywhere and has been identified within the concept of Decentralized Finance (DeFI). 

The entire DeFi Staking concept is working under the PoS Mechanism, whereas the validators are allowed to create, propose or vote on blockchain blocks based on the assets they stake or Holds. 

From the crypto assets holder perception, DeFi staking is simply locking the crypto assets on a platform or a wallet, based on the quantity of staked assets the stakers would be rewarded with interest rate on certain limitations.

How DeFi Staking Works?

Staking of DeFi token can differ from platform to platform, Some DeFi Protocols would have their separate token for staking, and some protocol would prefer two tokens system, whereas the second token would be paid as a reward for staking the native token. 

Just said above, to stake a DeFi token, the stakers would choose their desired token and stake it on their DeFi stokens supported non custodial wallets. There are some staking pools which used to widely adopt staking for a wide range of stakers.

How Rewards are Calculated in DeFi Staking

Rewards system also differs for each DeFi Protocol or blockchain networks, but in general the staking of cryptos could be calculated on the basis of below factors. 

  1. Quantity of Staked Assets In Network
  2. Quantity of Staked Assets by Staker
  3. The Staking Duration
  4. Inflation rate
  5. Network Issuance Rate

And some other factors.

Reference : consensys.net

DeFi Staking Benefits

For Stakers

  1. Easy to earn passive income
  2. Low entry fees
  3. Very simple to get started with DeFi Stakers
  4. Rewards In Interest Rate will be higher than expected
  5. Less lack of security, since everything is controlled by smart contracts.

For Staking Platforms

  1. Can get More Liquidity
  2. Can act like a crypto bank
  3. Can get revenue from stakers and crypto or token networks

For Tokens / Protocols /Blockchain Networks

  1. Aggressive token market capitalization and liquidity
  2. Saves energy in validating a block
  3. Maintain the liquidity on top.

DeFi Tokens That Can Be Staked

Here is the list of DeFi tokens that can be staked

  1. Aave
  2. YFI (Yearn.Finance)
  3. COMP (Compound)
  4. KAVA
  5. DAI (Maker)
  6. KNC( Kyber Network)
  7. SNX ( synethetix)

And more.

Refer: stakingrewards

Popular Crypto ExchangesThat Supports DeFi Staking

  1. Binance
  2. Bifinex
  3. Wazirx
  4. CoinDCX
  5. Kucoin
  6. Crypto.com
  7. BlockFI
  8. Coinbase
  9. Kyber.network
  10. Poloniex
  11. CoinEX
  12. Coinjar
  13. CoinMaMa
  14. Gemini
  15. Huobi

Popular Staking as a Services Providers 

  1. Certus one
  2. Chorus One
  3. HyperBlocks
  4. Figment Networks
  5. Sparkpool

And more.

Courtesy : DeFi Prime Staking

Start Staking as a Services With Bitdeal

At bitdeal we provide complete defi staking platform development services to create your defi staking pool and to start managed staking as a service platform with simple, secure and reliable staking platform supported with various DeFi protocols. Get connected with us to acquire our defi staking platform development services.

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About Anushya

Hey Peeps !! This is Anushya an enthusiastic and energetic individual who persists in the field of Blockchain and Cryptocurrency for more than 4 years. At present, surviving as a Business Consultant and Blogger at Bitdeal. I am fascinated towards the upcoming trends and technologies in the digital globe. Stay tuned with us to move forward with innovations in the crypto industry !!

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