Explore Solana&#x27;s decentralized exchanges &amp; staking protocols for efficient trading &amp; earning rewards in cryptocurrency.

Unlocking the Power of Swapping and Staking on Solana | HackerNoon

The Figment Ethereum Plus Staking Rewards (ETHF) and Figment Solana Plus Staking Rewards (SOLF) products are designed to offer institutions convenient access to staking rewards through traditional brokers or banks under a familiar ETP wrapper.

Figment witnesses fivefold growth in Q1, passes $15 billion staked | The Block

Solana, like many Proof-of-Stake (PoS) cryptocurrencies, relies on a decentralized network of validators who secure the network by staking their SOL coins. In exchange for staking, validators earn rewards.

Solana Market Cap Skyrockets $11 Billion As Price Jumps 17% – Details

SatoshiDEX, the pioneering Bitcoin DEX, announces the Staking system, enabling users to earn rewards in advance of the platform&#x27;s official launch.

Staking on Bitcoin, SatoshiDEX Staking for Presale Investors is now Live - Benzinga

Since March 1, investors have withdrawn around 800,000 Ether deposited in Lido, which is worth about $2.5 billion, according to DefiLlama data. In the last 30 days, it has lost more Ether than any other staking service.

Lido investors withdraw $2.5bn in Ether from staking giant as rivals circle – DL News

The surge in ether staking was notably influenced by the Shapella upgrade in April 2023, which allowed users and validators to withdraw their staked ether, leading to an influx of over 11 million ETH being staked post-upgrade.

Over $115 billion of ether is now staked on the Beacon Chain | The Block

Singapore, March 04, 2024 (GLOBE NEWSWIRE) -- The blockchain-based open-source payment platform UPCX has launched a new staking service. This service allows users to lock in their assets and offers the opportunity to earn competitive annual percentage yields (APY) based on market conditions, ...

UPCX Launches New Staking Service | Morningstar

Stakin

stakin

The recent integration of Injective’s blockchain data into Synternet’s Data Layer Portal signifies a notable advancement in the accessibility and utility of real-time blockchain information for decentralized finance (DeFi) applications. This development, facilitated by Stakin's enterprise-grade infrastructure, presents a crucial enhancement for market makers and DeFi developers, who can now access .mempool and .proposed-block data streams instantly. Injective, recognized for its Layer 1 blockchain that caters specifically to DeFi, has made its data streams available in a move that could potentially alter how developers and financial strategists interact with blockchain technology. The immediate availability of such data is crucial in a sector where timing and information accuracy are paramount. Typically, DeFi applications have relied on APIs or RPCs to fetch blockchain data, which can introduce latency that is detrimental in fast-paced trading environments. The introduction of low-latency data streams such as those from Injective allows for a more granular and timely analysis of blockchain activities. This capability is especially critical for applications such as trading bots and decentralized exchanges (DEXes) that require real-time data to function effectively. For example, access to .mempool data allows market makers to see transaction details before they are confirmed, giving them a strategic advantage in predicting and reacting to market movements. From a competitive standpoint, the availability of real-time data on a decentralized layer such as Synternet’s Data Layer could reshape market dynamics by leveling the playing field between smaller players and large institutions. Larger entities often have better access to fast and comprehensive data, a gap that this integration aims to bridge by democratizing access to critical information. Moreover, the strategic collaboration within the Cosmos ecosystem between Injective, Synternet, and Stakin illustrates a growing trend towards ecosystem-centric developments in blockchain technology. Such collaborations enhance the interoperability and collective functionality of blockchain platforms, which is essential for the long-term viability and expansion of DeFi. However, this development is not without its challenges. The integration of such advanced technological solutions requires robust security measures and continuous monitoring to prevent data manipulation or leaks. Additionally, the reliance on real-time data can make DeFi applications vulnerable to downtime or inaccuracies in data transmission, potentially leading to significant financial implications. The integration of Injective’s blockchain data into Synternet’s Data Layer Portal is a significant step forward for DeFi development, offering enhanced data accessibility and strategic advantages for market makers and developers. However, it also brings to the forefront the need for enhanced security protocols, reliable data management practices, and a clearer regulatory framework to fully realize the benefits of real-time blockchain data in DeFi. As this technology continues to evolve, so too will its impact on the broader financial landscape, paving the way for more sophisticated and equitable financial systems. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. The recent integration of Injective’s blockchain data into Synternet’s Data Layer Portal signifies a notable advancement in the accessibility and utility of real-time blockchain information for decentralized finance (DeFi) applications. This development, facilitated by Stakin's enterprise-grade infrastructure, presents a crucial enhancement for market makers and DeFi developers, who can now access .mempool and .proposed-block data streams instantly. Injective, recognized for its Layer 1 blockchain that caters specifically to DeFi, has made its data streams available in a move that could potentially alter how developers and financial strategists interact with blockchain technology. The immediate availability of such data is crucial in a sector where timing and information accuracy are paramount. Typically, DeFi applications have relied on APIs or RPCs to fetch blockchain data, which can introduce latency that is detrimental in fast-paced trading environments. The introduction of low-latency data streams such as those from Injective allows for a more granular and timely analysis of blockchain activities. This capability is especially critical for applications such as trading bots and decentralized exchanges (DEXes) that require real-time data to function effectively. For example, access to .mempool data allows market makers to see transaction details before they are confirmed, giving them a strategic advantage in predicting and reacting to market movements. From a competitive standpoint, the availability of real-time data on a decentralized layer such as Synternet’s Data Layer could reshape market dynamics by leveling the playing field between smaller players and large institutions. Larger entities often have better access to fast and comprehensive data, a gap that this integration aims to bridge by democratizing access to critical information. Moreover, the strategic collaboration within the Cosmos ecosystem between Injective, Synternet, and Stakin illustrates a growing trend towards ecosystem-centric developments in blockchain technology. Such collaborations enhance the interoperability and collective functionality of blockchain platforms, which is essential for the long-term viability and expansion of DeFi. However, this development is not without its challenges. The integration of such advanced technological solutions requires robust security measures and continuous monitoring to prevent data manipulation or leaks. Additionally, the reliance on real-time data can make DeFi applications vulnerable to downtime or inaccuracies in data transmission, potentially leading to significant financial implications. The integration of Injective’s blockchain data into Synternet’s Data Layer Portal is a significant step forward for DeFi development, offering enhanced data accessibility and strategic advantages for market makers and developers. However, it also brings to the forefront the need for enhanced security protocols, reliable data management practices, and a clearer regulatory framework to fully realize the benefits of real-time blockchain data in DeFi. As this technology continues to evolve, so too will its impact on the broader financial landscape, paving the way for more sophisticated and equitable financial systems. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

How Injective’s Blockchain Data Accessibility is Transforming DeFi Development

ZUG, Switzerland, October 31st, 2024/Chainwire/--Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors. A solution to Toncoin’s current staking limitations The TON blockchain is gaining traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms—such as the Nominator Pool and Single Nominator contracts—present significant limitations for institutional players. According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale. Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions. Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring. Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience. Key benefits of TON Pool Optimized potential yields: By consolidating stakes and reducing transaction fees, TON Pool can maximize potential yields for institutions and their clients.
Unlimited delegators: Unlike traditional staking models that limit delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients.
Low minimum stake: With a minimum of just 10 TON (vs. 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users.
Effortless integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving user experience. A simpler staking flow with TON Pool Compared to traditional staking models, TON Pool offers a much more streamlined staking process. Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform handles all the technical complexities of distributing and managing the stake. “TON Pool is our response to the challenges institutions face when staking on the TON blockchain,” said Brian Fabian Crain, CEO of Chorus One. “We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to driving the TON ecosystem forward.” How To Contact For more details about TON Pool and to get exclusive discounted commission rates, users can reach out at staking@chorus.one, and sign up now to be among the first to experience streamlined, scalable Toncoin staking. About Chorus One Chorus One is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter), and LinkedIn. Contact Hari Iyer staking@chorus.one This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here ZUG, Switzerland, October 31st, 2024/Chainwire/--Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors. A solution to Toncoin’s current staking limitations The TON blockchain is gaining traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms—such as the Nominator Pool and Single Nominator contracts—present significant limitations for institutional players. According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale. Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions. Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring. Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience. Key benefits of TON Pool Optimized potential yields: By consolidating stakes and reducing transaction fees, TON Pool can maximize potential yields for institutions and their clients. Unlimited delegators: Unlike traditional staking models that limit delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients. Low minimum stake: With a minimum of just 10 TON (vs. 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users. Effortless integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving user experience. Optimized potential yields: By consolidating stakes and reducing transaction fees, TON Pool can maximize potential yields for institutions and their clients. Unlimited delegators: Unlike traditional staking models that limit delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients. Low minimum stake: With a minimum of just 10 TON (vs. 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users. Effortless integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving user experience. A simpler staking flow with TON Pool Compared to traditional staking models, TON Pool offers a much more streamlined staking process. Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform handles all the technical complexities of distributing and managing the stake. “TON Pool is our response to the challenges institutions face when staking on the TON blockchain,” said Brian Fabian Crain, CEO of Chorus One. “We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to driving the TON ecosystem forward.” “TON Pool is our response to the challenges institutions face when staking on the TON blockchain,” said Brian Fabian Crain, CEO of Chorus One. “We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to driving the TON ecosystem forward.” How To Contact For more details about TON Pool and to get exclusive discounted commission rates, users can reach out at staking@chorus.one , and sign up now to be among the first to experience streamlined, scalable Toncoin staking. staking@chorus.one staking@chorus.one About Chorus One Chorus One is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Chorus One Chorus One Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter) , and LinkedIn . chorus.one chorus.one X (formerly Twitter) X (formerly Twitter) LinkedIn LinkedIn Contact Hari Iyer staking@chorus.one This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here

Chorus One Introduces TON Pool: The First Institutional Solution For Scalable TON staking

Chorus One presenta TON Pool: la primera solución institucional para el staking escalable de TON

कोरस वन ने TON पूल पेश किया: स्केलेबल TON स्टेकिंग के लिए पहला संस्थागत समाधान

Chorus One predstavlja TON Pool: Prvo institucionalno rješenje za skalabilno TON ulaganje

Chorus OneがTONプールを導入: スケーラブルなTONステーキングのための初の機関向けソリューション

Chorus One iepazīstina ar TON Pool: pirmo institucionālo risinājumu mērogojamai TON piesaistei

Chorus One introduceert TON Pool: de eerste institutionele oplossing voor schaalbare TON-staking

Chorus One apresenta TON Pool: a primeira solução institucional para staking escalável de TON

Chorus One predstavuje TON Pool: Prvé inštitucionálne riešenie pre škálovateľné vytyčovanie TON

Chorus One introducerar TON Pool: Den första institutionella lösningen för skalbar TON-satsning

கோரஸ் ஒன் டன் பூலை அறிமுகப்படுத்துகிறது: அளவிடக்கூடிய டன் ஸ்டேக்கிங்கிற்கான முதல் நிறுவன தீர்வு

Chorus One แนะนำ TON Pool: โซลูชันสถาบันแรกสำหรับการเดิมพัน TON ที่ปรับขนาดได้

Chorus One giới thiệu TON Pool: Giải pháp đầu tiên cho việc staking TON có thể mở rộng

Suilend, a DeFi platform on Sui, has released SpringSui, a framework for liquid staking tokens (LSTs), along with its first implementation, Spring SUI (sSUI). The launch comes as Sui's liquid staking adoption lags behind other major networks, with only 1.18% of tokens in LSTs compared to 6.6% on Solana and 41% on Ethereum. SpringSui builds upon two protocol upgrades, SIP-31 and SIP-33, which introduce new token standards for LSTs. The framework allows users to stake SUI and receive tokens representing their staked assets, which can be utilized across DeFi platforms. The technical implementation includes an instant unstaking feature, which addresses depegging risks in LST-backed collateral. This feature could help mitigate a common concern in liquid staking protocols where token values can diverge from their underlying assets. Industry participants have shown interest in adopting the standard. Aftermath Finance, a leading LST provider on Sui, has committed to implementing SpringSui. Studio Mirai plans to explore community-driven LSTs using the framework. The SpringSui standard has been open-sourced, allowing any Sui developer to build upon it. Suilend plans to launch a platform enabling users to create and manage their own LSTs with customizable fee structures. The introduction of SpringSui could address several challenges in Sui's DeFi ecosystem. The low LST adoption rate suggests untapped potential for growth, and standardization could help accelerate development. The instant unstaking feature tackles a critical risk factor in liquid staking protocols. The open-source approach and support from established projects indicate potential for ecosystem-wide adoption. However, success will depend on market conditions, user adoption, and the ability to maintain security as usage scales. The timing aligns with broader trends in DeFi, where liquid staking has become increasingly important for capital efficiency. As proof-of-stake networks mature, standards like SpringSui could play a crucial role in developing robust DeFi infrastructure. For context, Sui is competing in a market where Ethereum dominates liquid staking with products like Lido. SpringSui's technical innovations and focus on risk mitigation could help differentiate Sui's LST ecosystem, though reaching similar adoption levels will require sustained development and user engagement. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Suilend , a DeFi platform on Sui, has released SpringSui, a framework for liquid staking tokens (LSTs), along with its first implementation, Spring SUI (sSUI). The launch comes as Sui's liquid staking adoption lags behind other major networks, with only 1.18% of tokens in LSTs compared to 6.6% on Solana and 41% on Ethereum. Suilend SpringSui builds upon two protocol upgrades, SIP-31 and SIP-33, which introduce new token standards for LSTs. The framework allows users to stake SUI and receive tokens representing their staked assets, which can be utilized across DeFi platforms. The technical implementation includes an instant unstaking feature, which addresses depegging risks in LST-backed collateral. This feature could help mitigate a common concern in liquid staking protocols where token values can diverge from their underlying assets. Industry participants have shown interest in adopting the standard. Aftermath Finance, a leading LST provider on Sui, has committed to implementing SpringSui. Studio Mirai plans to explore community-driven LSTs using the framework. The SpringSui standard has been open-sourced, allowing any Sui developer to build upon it. Suilend plans to launch a platform enabling users to create and manage their own LSTs with customizable fee structures. The introduction of SpringSui could address several challenges in Sui's DeFi ecosystem. The low LST adoption rate suggests untapped potential for growth, and standardization could help accelerate development. The instant unstaking feature tackles a critical risk factor in liquid staking protocols. The open-source approach and support from established projects indicate potential for ecosystem-wide adoption. However, success will depend on market conditions, user adoption, and the ability to maintain security as usage scales. The timing aligns with broader trends in DeFi, where liquid staking has become increasingly important for capital efficiency. As proof-of-stake networks mature, standards like SpringSui could play a crucial role in developing robust DeFi infrastructure. For context, Sui is competing in a market where Ethereum dominates liquid staking with products like Lido. SpringSui's technical innovations and focus on risk mitigation could help differentiate Sui's LST ecosystem, though reaching similar adoption levels will require sustained development and user engagement. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

Suilend Introduces New Liquid Staking Standard on Sui Network

Suilend jupax Machaq Estándar de Estaca Líquida ukar Sui Red ukan uñt’ayi

সুইলেন্ড সুই নেটওয়ার্কে নতুন লিকুইড স্ট্যাকিং স্ট্যান্ডার্ড প্রবর্তন করেছে

Η Suilend παρουσιάζει το νέο Liquid Staking Standard στο Sui Network

Suilend presenta un nuevo estándar de participación líquida en la red Sui

Suilend、Sui Networkに新たな流動性ステーキング標準を導入

Suilend ievieš jaunu Liquid Staking standartu Sui tīklā

Suilend wprowadza nowy standard Liquid Staking w sieci Sui

Suilend apresenta novo padrão de staking líquido na rede Sui

Suilend introducerar ny standard för flytande insättning på Sui Network

Suilend стандарти нави стакингҳои моеъро дар шабакаи Sui ҷорӣ мекунад

Suilend 在 Sui Network 上推出新的 Liquid Staking 标准

I-Suilend Yethula Izinga Elisha Le-Liquid Staking ku-Sui Network

By Armagan Ercan & Philippe Schommers Since the completion of the Shanghai upgrade, the amount of staked ETH has increased by 91%. But to the uninitiated, staking crypto may come across as intimidating, what with price volatility, security concerns, and the risk of frozen assets stoking fears. So how can crypto enthusiasts better protect themselves when they start their staking journeys? What is staking? The term staking derives from the “proof-of-stake” consensus mechanism used to secure blockchain networks like Ethereum or Gnosis Chain. Users become validators by choosing to stake some of their cryptocurrency with a selected network to validate new transactions, operating as part of a validator node. A validator node will be selected based on the collective amount of crypto they have staked to validate new transactions and be subsequently rewarded with crypto. This, however, requires a consistent online presence, which usually would equate to roughly 6 months of the year in order to be profitable for the operator.  node operators can often be penalised for downtime. Should users not wish to become a validator, they can pay a fee to a staking pool and delegate their stakes to a larger pool through protocols like StakeWise. This way, they can still earn staking rewards without having to maintain a constant online presence. Then why become a validator? Staking plays an important role in securing proof-of-stake networks while offering investors and network participants the chance to earn passive income. A natural flow is established and investors' investments are kept in a more secure network. This process makes it more difficult for malicious actors to attack the blockchain, thus enhancing its stability and security. Although staking cryptocurrencies is attractive for these reasons, it is important to remember that staking potential should not be the only factor in investment decisions. Do your research and understand your investment When becoming a validator, users must also account for penalties for acting against the network's best interests. These include validating fraudulent transactions, using incorrect data or node downtime. By committing these, they risk having their staked crypto “slashed” and taken as forfeit. A network's staking requirements can differ vastly from one project to another. On Ethereum and Gnosis Chain for example, unless voluntarily acting against the best interests of the network, a validator can only ever be penalised as much in one day for being offline than they'd be rewarded in a day by being online. However, other projects might have more stringent requirements, whereby stakers could lose their stake simply by not having a perfect track record. Some do not have any requirements and merely avoid paying out rewards to offline nodes. Regardless of staking requirements, factors like network security, decentralization level and participation barriers, smart contract quality, team experience, and project maturity all contribute to the risk profile. Think of it as investing in a new company. Before deciding to part with an investment, would an investor not first do the due diligence to understand the quality and conditions of what they are putting their money into? Investors or node operators should review the security documents and risk analysis report of the network and decide whether it is battle-tested or not as a result of their own research. Common mistakes A simple yet devastating mistake is improperly securing private keys. If private keys are not secured correctly, then malicious actors can compromise the security of the network and steal staked crypto. There are several solutions such as using secure hardware to store private keys or self-custody/cold wallets. However, the inverse is also relevant as over securing private keys can also lead to losing access to wallets, so users should aim to strike a balance between the two. Similarly, a lot of stakers neglect tax considerations. If staking rewards are treated as income, they will be subject to income tax and if they are seen as capital gains, they will be subject to the relevant capital gains tax. Maximising returns and minimizing risks The main focus should be on security to maximize returns and minimize risks. After that, consider diversifying staking portfolios, compounding rewards regularly, and staying informed about network changes. Liquid staking options which allow stakers to access their staked crypto to use as collateral offer more flexibility but have their own trade-offs. However, no matter what new technology is on offer or how enticing the programme's rewards are, it’s essential to do thorough research and set realistic expectations for returns before starting staking. By Armagan Ercan & Philippe Schommers By Armagan Ercan & Philippe Schommers Armagan Ercan Philippe Schommers Since the completion of the Shanghai upgrade, the amount of staked ETH has increased by 91% . But to the uninitiated, staking crypto may come across as intimidating, what with price volatility, security concerns, and the risk of frozen assets stoking fears. So how can crypto enthusiasts better protect themselves when they start their staking journeys? the amount of staked ETH has increased by 91% the amount of staked ETH has increased by 91% What is staking? The term staking derives from the “proof-of-stake” consensus mechanism used to secure blockchain networks like Ethereum or Gnosis Chain . Users become validators by choosing to stake some of their cryptocurrency with a selected network to validate new transactions, operating as part of a validator node. Gnosis Chain A validator node will be selected based on the collective amount of crypto they have staked to validate new transactions and be subsequently rewarded with crypto. This, however, requires a consistent online presence, which usually would equate to roughly 6 months of the year in order to be profitable for the operator.  node operators can often be penalised for downtime. Should users not wish to become a validator, they can pay a fee to a staking pool and delegate their stakes to a larger pool through protocols like StakeWise . This way, they can still earn staking rewards without having to maintain a constant online presence. StakeWise StakeWise Then why become a validator? Staking plays an important role in securing proof-of-stake networks while offering investors and network participants the chance to earn passive income. A natural flow is established and investors' investments are kept in a more secure network. This process makes it more difficult for malicious actors to attack the blockchain, thus enhancing its stability and security. Although staking cryptocurrencies is attractive for these reasons, it is important to remember that staking potential should not be the only factor in investment decisions. Do your research and understand your investment When becoming a validator, users must also account for penalties for acting against the network's best interests. These include validating fraudulent transactions, using incorrect data or node downtime. By committing these, they risk having their staked crypto “slashed” and taken as forfeit. A network's staking requirements can differ vastly from one project to another. On Ethereum and Gnosis Chain for example, unless voluntarily acting against the best interests of the network, a validator can only ever be penalised as much in one day for being offline than they'd be rewarded in a day by being online. However, other projects might have more stringent requirements, whereby stakers could lose their stake simply by not having a perfect track record. Some do not have any requirements and merely avoid paying out rewards to offline nodes. Regardless of staking requirements, factors like network security, decentralization level and participation barriers, smart contract quality, team experience, and project maturity all contribute to the risk profile. Think of it as investing in a new company. Before deciding to part with an investment, would an investor not first do the due diligence to understand the quality and conditions of what they are putting their money into? Investors or node operators should review the security documents and risk analysis report of the network and decide whether it is battle-tested or not as a result of their own research. Common mistakes A simple yet devastating mistake is improperly securing private keys. If private keys are not secured correctly, then malicious actors can compromise the security of the network and steal staked crypto. There are several solutions such as using secure hardware to store private keys or self-custody/cold wallets. However, the inverse is also relevant as over securing private keys can also lead to losing access to wallets, so users should aim to strike a balance between the two. Similarly, a lot of stakers neglect tax considerations. If staking rewards are treated as income, they will be subject to income tax and if they are seen as capital gains, they will be subject to the relevant capital gains tax. Maximising returns and minimizing risks The main focus should be on security to maximize returns and minimize risks. After that, consider diversifying staking portfolios, compounding rewards regularly, and staying informed about network changes. Liquid staking options which allow stakers to access their staked crypto to use as collateral offer more flexibility but have their own trade-offs. However, no matter what new technology is on offer or how enticing the programme's rewards are, it’s essential to do thorough research and set realistic expectations for returns before starting staking.

How Can Crypto Enthusiasts Protect Themselves When Starting Staking?

¿Kunjamsa Cripto ukar munasirinakax Estaca qalltañkamax jark’aqasipxaspa?

¿Cómo pueden los entusiastas de las criptomonedas protegerse al comenzar a hacer staking?

Ինչպե՞ս կարող են կրիպտո էնտուզիաստները պաշտպանել իրենց, երբ սկսում են խաղադրույքը:

暗号通貨愛好家はステーキングを始める際にどのように自分自身を保護できるでしょうか?

როგორ შეუძლიათ კრიპტო ენთუზიასტებს დაიცვან თავი ფსონის დაწყებისას?

암호화폐 애호가들이 스테이킹을 시작할 때 자신을 보호할 수 있는 방법은 무엇일까?

Крипто сонирхогчид стейк хийж эхлэхдээ өөрсдийгөө хэрхэн хамгаалах вэ?

Como os entusiastas de criptomoedas podem se proteger ao começar a fazer staking?

Ako sa môžu nadšenci kryptomien chrániť, keď začínajú stávkovanie?

Како крипто ентузијасти могу да се заштите када почну да улажу?

Чӣ тавр дӯстдорони крипто ҳангоми оғози стейкинг метавонанд худро муҳофизат кунанд?

Xana Vatsakeri Va Crypto Va Nga Ti Sirhelela Njhani Loko Va Sungula Ku Stake?

A Guide to Understanding Liquid Staking for Noobs

LAS VEGAS, United States, September 19th, 2024/Chainwire/--Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token. Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps. The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability. “A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.” More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29. Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana. Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization. About Xandeum Labs Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025. Users can learn more: https://xandeum.com Contact Bernie Blume Xandeum Labs hello@xandeum.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here LAS VEGAS, United States, September 19th, 2024/Chainwire/--Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token. Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps. The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability. “A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.” “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.” More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29. Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana. Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization. About Xandeum Labs Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025. Users can learn more: https://xandeum.com Contact Bernie Blume Xandeum Labs hello@xandeum.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here

Xandeum To Unveil Solana Scaling Solution, XAND Token Launch And Liquid Staking At Breakpoint 2024

Xandeum ще разкрие решение за мащабиране на Solana, стартиране на XAND Token и Liquid Staking в точка на прекъсване 2024 г.

Xandeum সোলানা স্কেলিং সলিউশন, XAND টোকেন লঞ্চ এবং ব্রেকপয়েন্ট 2024 এ লিকুইড স্টেকিং উন্মোচন করবে

Xandeum presentará la solución de escalado Solana, el lanzamiento del token XAND y el staking líquido en Breakpoint 2024

Xandeum、Breakpoint 2024でSolanaスケーリングソリューション、XANDトークンのローンチ、Liquidステーキングを発表

Xandeum გამოაქვეყნებს Solana Scaling Solution, XAND Token Launch და Liquid Staking Breakpoint 2024-ზე

Xandeum Solana масштабтау шешімін, XAND токенін іске қосуды және Breakpoint 2024-те сұйықтықты сақтауды ұсынады.

Xandeum Solana Scaling Solution, XAND Token Launch жана Breakpoint 2024 суюктугун ачат

Xandeum onthult Solana Scaling Solution, XAND Token Launch en Liquid Staking op Breakpoint 2024

Xandeum Kumurika Solana Igipimo Cyumuti, XAND Token Launch na Liquid Staking kuri Breakpoint 2024

Xandeum do të zbulojë Solana Scaling Solution, XAND Token Launch dhe Liquid Staking në Breakpoint 2024

Xandeum 2024-yilda Breakpointda Solana Scaling Solution, XAND token ishga tushirilishi va suyuqlik stavkasini taqdim etadi.

I-Xandeum yokutyhila iSolana Scaling Solution, i-XAND Token Launch kunye ne-Liquid Staking at Breakpoint 2024

**LONDON, United Kingdom, August 9th, 2024/Chainwire/--**NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, today launched its Token Generation Event (TGE) with its $NCN token becoming available for trading at 12 pm UTC on two centralized exchanges, Gate.io  and WhiteBIT, with listings on additional CEXs to be announced in the near future. With over 150,000 users already onboard and more than 80,000 wallets connected to the platform, NeurochainAI is swiftly establishing itself as a leader in the DeAIAS space that also covers a reliable DePIN for AI Inference. To further enhance user experience and accessibility, NeurochainAI has rolled out a beta version of its mobile app for AI inference. The beta app is already being tested by over 3,000 users across 183 countries, reflecting the global demand and anticipation for NeurochainAI's innovative solutions. The TGE marks the official launch of NeurochainAI’s $NCN token, with the project committed to a fair launch strategy by listing directly on centralized exchanges (CEXs), ensuring equal access and better terms for everyone. As a part of the strategy, the community also has the opportunity to earn NCN by connecting GPUs and participating in data tasks for extended periods of time. With a strong reputation in the industry and over 10 million users, Gate.io boasts a daily trading volume that exceeds $12 billion. WhiteBIT stands out as a top choice for crypto enthusiasts with impressive trading volumes and over 4 million users from 150 countries. The token launch will be immediately followed by the introduction of node staking, an initiative aimed at fostering network decentralization with a fair way to grow a validator network. The approach mirrors industry best practices, ensuring transparency with rewards known upfront, decentralization as the same stake applies to all nodes, and a fair chance for all to participate on a first come, first serve basis. “We're focused on creating a TGE and node staking that makes fairness and transparency a central goal, ” said Julius Serenas, CEO of NeurochainAI. “Our fair launch approach ensures all participants have the opportunity to partake in the NeurochainAI ecosystem, promoting network decentralization and community-driven growth in the AI-as-a-Service space." Operating a Neuron Validator not only contributes to the ecosystem’s decentralization but also rewards participants with daily $NCN compensation, where a stable amount of native coins must be staked to become a validator. 40% of the $NCN supply will be allocated to Neuron Validator NFTs, with a structured vesting plan designed to incentivize long-term engagement. To learn more about NeurochainAI’s node staking opportunities and becoming a Neuron Validator, visit their guide here. About NeurochainAI NeurochainAI is a decentralized AI-as-a-Service (DeAIAS) network that streamlines the process of building, launching, and use of AI-powered decentralized applications (dApps). Providing a ready-to-use AI infrastructure, the network enables developers to create AI dApps up to 24 times faster and 5 times more cost-effectively compared to traditional methods. The platform is focused on advancing the field of AI application development, offering unparalleled ease of use and affordability. Website | x | Telegram | Discord | Linkedin | Medium Contact COO Odeta Iseviciute odeta@neurochain.ai This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **LONDON, United Kingdom, August 9th, 2024/Chainwire/--**NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, today launched its Token Generation Event (TGE) with its $NCN token becoming available for trading at 12 pm UTC on two centralized exchanges, Gate.io  and WhiteBIT, with listings on additional CEXs to be announced in the near future. With over 150,000 users already onboard and more than 80,000 wallets connected to the platform, NeurochainAI is swiftly establishing itself as a leader in the DeAIAS space that also covers a reliable DePIN for AI Inference. To further enhance user experience and accessibility, NeurochainAI has rolled out a beta version of its mobile app for AI inference. The beta app is already being tested by over 3,000 users across 183 countries, reflecting the global demand and anticipation for NeurochainAI's innovative solutions. The TGE marks the official launch of NeurochainAI’s $NCN token, with the project committed to a fair launch strategy by listing directly on centralized exchanges (CEXs), ensuring equal access and better terms for everyone. As a part of the strategy, the community also has the opportunity to earn NCN by connecting GPUs and participating in data tasks for extended periods of time. With a strong reputation in the industry and over 10 million users, Gate.io boasts a daily trading volume that exceeds $12 billion. WhiteBIT stands out as a top choice for crypto enthusiasts with impressive trading volumes and over 4 million users from 150 countries. The token launch will be immediately followed by the introduction of node staking, an initiative aimed at fostering network decentralization with a fair way to grow a validator network. The approach mirrors industry best practices, ensuring transparency with rewards known upfront, decentralization as the same stake applies to all nodes, and a fair chance for all to participate on a first come, first serve basis. “We're focused on creating a TGE and node staking that makes fairness and transparency a central goal, ” said Julius Serenas, CEO of NeurochainAI. “Our fair launch approach ensures all participants have the opportunity to partake in the NeurochainAI ecosystem, promoting network decentralization and community-driven growth in the AI-as-a-Service space." “We're focused on creating a TGE and node staking that makes fairness and transparency a central goal, ” said Julius Serenas, CEO of NeurochainAI. “Our fair launch approach ensures all participants have the opportunity to partake in the NeurochainAI ecosystem, promoting network decentralization and community-driven growth in the AI-as-a-Service space." Operating a Neuron Validator not only contributes to the ecosystem’s decentralization but also rewards participants with daily $NCN compensation, where a stable amount of native coins must be staked to become a validator. 40% of the $NCN supply will be allocated to Neuron Validator NFTs, with a structured vesting plan designed to incentivize long-term engagement. To learn more about NeurochainAI’s node staking opportunities and becoming a Neuron Validator, visit their guide here . here here About NeurochainAI NeurochainAI is a decentralized AI-as-a-Service (DeAIAS) network that streamlines the process of building, launching, and use of AI-powered decentralized applications (dApps). Providing a ready-to-use AI infrastructure, the network enables developers to create AI dApps up to 24 times faster and 5 times more cost-effectively compared to traditional methods. The platform is focused on advancing the field of AI application development, offering unparalleled ease of use and affordability. Website | x | Telegram | Discord | Linkedin | Medium Website Website x x Telegram Telegram Discord Discord Linkedin Linkedin Medium Medium Contact COO Odeta Iseviciute odeta@neurochain.ai This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

NeurochainAI Launches $NCN Token Ahead Of Node Staking

NeurochainAI নোড স্টেকিংয়ের আগে $NCN টোকেন চালু করেছে

NeurochainAI führt $NCN-Token vor Node-Staking ein

NeurochainAI lanza el token $NCN antes del staking de nodos

NeurochainAI lance le jeton $NCN avant le jalonnement des nœuds

न्यूरोचैनएआई ने नोड स्टेकिंग से पहले $NCN टोकन लॉन्च किया

NeurochainAI、ノードステーキングに先立ち$NCNトークンをリリース

NeurochainAI, 노드 스테이킹에 앞서 $NCN 토큰 출시

NeurochainAI lança token $NCN antes do staking de nós

NeurochainAI запускает токен $NCN перед стейкингом узлов

NeurochainAI, Node Staking'den Önce $NCN Token'ını Piyasaya Sürüyor

NeurochainAI ra mắt $NCN Token trước Node Staking

NeurochainAI 在节点质押之前推出 $NCN 代币

The blockchain landscape is evolving, and IoTeX is advancing this progress with its latest upgrade, IoTeX 2.0. As someone deeply involved with DePIN (Decentralized Physical Infrastructure Networks), I was interested to read the IoTeX 2.0 white paper. This new version introduces several key staking opportunities designed to enhance rewards and contribute to network security. These features not only offer potential financial benefits but also allow participants to play an integral role in the future of decentralized infrastructure. Understanding DePIN and Its Importance Decentralized Physical Infrastructure Networks (DePIN) represent a transformative approach to building, operating, and managing physical infrastructure. Unlike traditional models, which are often controlled by large corporations and governments, DePINs leverage blockchain technology to decentralize ownership and operation. This allows individuals to contribute to and benefit from the infrastructure networks, whether for telecom, energy, or other utilities. Why DePIN Matters: DePIN democratizes access to essential services, fosters innovation, and promotes transparency. Traditional infrastructure models can be monopolistic, leading to high costs and limited choices for consumers. DePINs address these issues by enabling individuals to participate in and gain equity from the networks they help build. This promotes competition, innovation, and a more equitable distribution of the benefits and profits of infrastructure development. By decentralizing these networks, DePINs enhance security, trust, and efficiency, making essential services more accessible and affordable. The Role of IoTeX in DePIN IoTeX 2.0 is designed to support the DePIN ecosystem by providing the infrastructure and tools necessary for decentralized physical networks. Its modular architecture supports various DePIN projects, enabling them to build on a secure and scalable platform. By leveraging IoTeX’s blockchain technology, these projects can operate transparently and efficiently, ensuring that the benefits of decentralization are fully realized. The Modular Security Pool (MSP) One of the standout features of IoTeX 2.0 is the introduction of the Modular Security Pool (MSP). This innovative mechanism allows $IOTX holders to re-stake their tokens, providing security for DePIN Infrastructure Modules (DIMs). By doing so, you not only earn base rewards but also receive extra incentives from DIM projects. This dual reward system boosts your earnings while supporting the security of the IoTeX Layer 1 blockchain. How MSP Works The MSP creates a unified trust layer for DePIN infrastructure by collecting staking security from various established L1/L2s and lending this security to new DIMs. By re-staking $IOTX, holders effectively lease security to these DIMs, enhancing their reliability and trustworthiness. In return, DIM builders incentivize stakers with additional rewards, creating a dynamic economy within the IoTeX network. Enhanced Security and Restaking Rewards The MSP enhances IoTeX’s security by incentivizing DIM builders to allocate restaked $IOTX tokens. This creates a new economy within the IoTeX ecosystem, enhancing both security and reward potential for participants. By participating in the MSP, users contribute to the overall security of the network while enjoying increased staking rewards. Impact on Network Security The goals of the MSP design are to ensure that IoTeX's security model is scalable and flexible. DIM builders are motivated to attract more stakers by offering competitive incentives, strengthening the security of individual DIMs and contributing to the overall robustness of the IoTeX blockchain. This development is something that IoTeX is hoping will make it a more attractive platform for developers and users. Inflationary Staking Rewards To maintain competitive staking returns, IoTeX 2.0 introduces inflationary rewards, a strategy employed by top blockchains like Ethereum and Solana. This ensures continuous incentives for staking, encouraging more users to participate and secure the network. Comparison with Other Blockchains IoTeX's inflationary rewards model is designed to provide consistent and attractive returns for stakers, again, similar to established blockchains such as Ethereum and Solana. The goal of this approach is not only to incentivize current stakers by ensuring staking rewards remain competitive, but also attract new participants, thereby increasing the overall security and stability of the network. Governance and Community Engagement Of course, staking on IoTeX 2.0 as with other chains involves is more than just earning rewards. By staking tokens, participants gain voting power, allowing them to influence key decisions within the ecosystem. This governance model empowers the community, making each staker a vital part of the network’s future. Role of Governance Governance in IoTeX 2.0 is similar to other chains in that it involves active engagement in decision-making processes that shape the future of the network. Stakers can propose and vote on important initiatives, such as protocol upgrades, DIM integrations, and community projects. This decentralized approach ensures that the network evolves in a manner that aligns with the interests of its users, fostering a sense of ownership and responsibility among the community. Deflationary Burning IoTeX 2.0 also incorporates new deflationary mechanisms. Deflationary burning is a mechanism to balance inflation in crypto networks by reducing the token supply based on network usage. For instance, Ethereum's EIP-1559 burns gas fees to maintain a stable ETH supply. Similarly, the IoTeX Network has implemented the Burn-Drop program since 2020, burning approximately 4% of the total IOTX supply. With IoTeX 2.0, the Burn-Drop program will be discontinued and new sources of deflationary burn deflationary burning will be integrated at the protocol level. This includes burning gas fees, burning IOTX for new on-chain identities, and periodic burns based on the adoption of modular products like W3bstream. These measures aim to counterbalance staking rewards and drive net deflationary supply as network adoption grows. Economic Impact It is clear from the white paper that the burn-to-certify mechanism is a crucial aspect of IoTeX's tokenomics. By reducing the total supply of $IOTX through burning, the network can counterbalance inflationary pressures from staking rewards. The hope is that this will ensure that the value of $IOTX is maintained over time, providing long-term stability and confidence for investors. Additionally, this mechanism is intended to support broader adoption by making IoTeX more attractive for new projects and applications requiring secure and verifiable credentials. Potential Challenges and Considerations While IoTeX 2.0 seems to offer numerous benefits, it is important to consider potential challenges. The success of the MSP and other mechanisms depends on widespread adoption and active participation from the community. There is also the inherent risk of volatility in token value, which can affect the attractiveness of staking rewards. Moreover, the competitive landscape of blockchain technology means IoTeX must continuously innovate to maintain its position and appeal. Moreover, the blockchain market is rapidly evolving, with new technologies and protocols emerging regularly. IoTeX must keep pace with these trends to remain competitive. Monitoring the adoption rates and user engagement levels will be critical in assessing the long-term viability of IoTeX 2.0. Additionally, regulatory developments in various jurisdictions could impact the operation and growth of blockchain networks, including IoTeX. As with any blockchain project, user experience and technical challenges can impact adoption. Ensuring that the staking process is user-friendly and that the network can handle increased transaction volumes without compromising performance will be key to IoTeX's success. Addressing any technical issues promptly and effectively will also be crucial in maintaining user trust and engagement. Conclusion The new staking opportunities presented by IoTeX 2.0 offer promising benefits. By participating in the MSP, benefiting from inflationary rewards, and engaging in governance, users can maximize their earnings and contribute to the growth and security of the IoTeX network. However, potential participants should also be aware of the associated risks and stay informed about ongoing developments. Monitoring market trends, regulatory changes, and user adoption will be critical in evaluating the long-term success of IoTeX 2.0. For more detailed information, it is recommended to read the IoTeX 2.0 white paper. The blockchain landscape is evolving, and IoTeX is advancing this progress with its latest upgrade, IoTeX 2.0. As someone deeply involved with DePIN (Decentralized Physical Infrastructure Networks), I was interested to read the IoTeX 2.0 white paper. This new version introduces several key staking opportunities designed to enhance rewards and contribute to network security. These features not only offer potential financial benefits but also allow participants to play an integral role in the future of decentralized infrastructure. Understanding DePIN and Its Importance Understanding DePIN and Its Importance Decentralized Physical Infrastructure Networks (DePIN) represent a transformative approach to building, operating, and managing physical infrastructure. Unlike traditional models, which are often controlled by large corporations and governments, DePINs leverage blockchain technology to decentralize ownership and operation. This allows individuals to contribute to and benefit from the infrastructure networks, whether for telecom, energy, or other utilities. Why DePIN Matters: Why DePIN Matters: DePIN democratizes access to essential services, fosters innovation, and promotes transparency. Traditional infrastructure models can be monopolistic, leading to high costs and limited choices for consumers. DePINs address these issues by enabling individuals to participate in and gain equity from the networks they help build. This promotes competition, innovation, and a more equitable distribution of the benefits and profits of infrastructure development. By decentralizing these networks, DePINs enhance security, trust, and efficiency, making essential services more accessible and affordable. The Role of IoTeX in DePIN The Role of IoTeX in DePIN IoTeX 2.0 is designed to support the DePIN ecosystem by providing the infrastructure and tools necessary for decentralized physical networks. Its modular architecture supports various DePIN projects, enabling them to build on a secure and scalable platform. By leveraging IoTeX’s blockchain technology, these projects can operate transparently and efficiently, ensuring that the benefits of decentralization are fully realized. The Modular Security Pool (MSP) The Modular Security Pool (MSP) One of the standout features of IoTeX 2.0 is the introduction of the Modular Security Pool (MSP). This innovative mechanism allows $IOTX holders to re-stake their tokens, providing security for DePIN Infrastructure Modules (DIMs). By doing so, you not only earn base rewards but also receive extra incentives from DIM projects. This dual reward system boosts your earnings while supporting the security of the IoTeX Layer 1 blockchain. How MSP Works How MSP Works The MSP creates a unified trust layer for DePIN infrastructure by collecting staking security from various established L1/L2s and lending this security to new DIMs. By re-staking $IOTX, holders effectively lease security to these DIMs, enhancing their reliability and trustworthiness. In return, DIM builders incentivize stakers with additional rewards, creating a dynamic economy within the IoTeX network. Enhanced Security and Restaking Rewards Enhanced Security and Restaking Rewards The MSP enhances IoTeX’s security by incentivizing DIM builders to allocate restaked $IOTX tokens. This creates a new economy within the IoTeX ecosystem, enhancing both security and reward potential for participants. By participating in the MSP, users contribute to the overall security of the network while enjoying increased staking rewards. Impact on Network Security Impact on Network Security The goals of the MSP design are to ensure that IoTeX's security model is scalable and flexible. DIM builders are motivated to attract more stakers by offering competitive incentives, strengthening the security of individual DIMs and contributing to the overall robustness of the IoTeX blockchain. This development is something that IoTeX is hoping will make it a more attractive platform for developers and users. Inflationary Staking Rewards Inflationary Staking Rewards To maintain competitive staking returns, IoTeX 2.0 introduces inflationary rewards, a strategy employed by top blockchains like Ethereum and Solana. This ensures continuous incentives for staking, encouraging more users to participate and secure the network. Comparison with Other Blockchains Comparison with Other Blockchains IoTeX's inflationary rewards model is designed to provide consistent and attractive returns for stakers, again, similar to established blockchains such as Ethereum and Solana. The goal of this approach is not only to incentivize current stakers by ensuring staking rewards remain competitive, but also attract new participants, thereby increasing the overall security and stability of the network. Governance and Community Engagement Governance and Community Engagement Of course, staking on IoTeX 2.0 as with other chains involves is more than just earning rewards. By staking tokens, participants gain voting power, allowing them to influence key decisions within the ecosystem. This governance model empowers the community, making each staker a vital part of the network’s future. Role of Governance Role of Governance Governance in IoTeX 2.0 is similar to other chains in that it involves active engagement in decision-making processes that shape the future of the network. Stakers can propose and vote on important initiatives, such as protocol upgrades, DIM integrations, and community projects. This decentralized approach ensures that the network evolves in a manner that aligns with the interests of its users, fostering a sense of ownership and responsibility among the community. Deflationary Burning Deflationary Burning IoTeX 2.0 also incorporates new deflationary mechanisms. Deflationary burning is a mechanism to balance inflation in crypto networks by reducing the token supply based on network usage. For instance, Ethereum's EIP-1559 burns gas fees to maintain a stable ETH supply. Similarly, the IoTeX Network has implemented the Burn-Drop program since 2020, burning approximately 4% of the total IOTX supply. With IoTeX 2.0, the Burn-Drop program will be discontinued and new sources of deflationary burn deflationary burning will be integrated at the protocol level. This includes burning gas fees, burning IOTX for new on-chain identities, and periodic burns based on the adoption of modular products like W3bstream. These measures aim to counterbalance staking rewards and drive net deflationary supply as network adoption grows. Economic Impact Economic Impact It is clear from the white paper that the burn-to-certify mechanism is a crucial aspect of IoTeX's tokenomics. By reducing the total supply of $IOTX through burning, the network can counterbalance inflationary pressures from staking rewards. The hope is that this will ensure that the value of $IOTX is maintained over time, providing long-term stability and confidence for investors. Additionally, this mechanism is intended to support broader adoption by making IoTeX more attractive for new projects and applications requiring secure and verifiable credentials. Potential Challenges and Considerations Potential Challenges and Considerations While IoTeX 2.0 seems to offer numerous benefits, it is important to consider potential challenges. The success of the MSP and other mechanisms depends on widespread adoption and active participation from the community. There is also the inherent risk of volatility in token value, which can affect the attractiveness of staking rewards. Moreover, the competitive landscape of blockchain technology means IoTeX must continuously innovate to maintain its position and appeal. Moreover, the blockchain market is rapidly evolving, with new technologies and protocols emerging regularly. IoTeX must keep pace with these trends to remain competitive. Monitoring the adoption rates and user engagement levels will be critical in assessing the long-term viability of IoTeX 2.0. Additionally, regulatory developments in various jurisdictions could impact the operation and growth of blockchain networks, including IoTeX. As with any blockchain project, user experience and technical challenges can impact adoption. Ensuring that the staking process is user-friendly and that the network can handle increased transaction volumes without compromising performance will be key to IoTeX's success. Addressing any technical issues promptly and effectively will also be crucial in maintaining user trust and engagement. Conclusion Conclusion The new staking opportunities presented by IoTeX 2.0 offer promising benefits. By participating in the MSP, benefiting from inflationary rewards, and engaging in governance, users can maximize their earnings and contribute to the growth and security of the IoTeX network. However, potential participants should also be aware of the associated risks and stay informed about ongoing developments. Monitoring market trends, regulatory changes, and user adoption will be critical in evaluating the long-term success of IoTeX 2.0. For more detailed information, it is recommended to read the IoTeX 2.0 white paper . IoTeX 2.0 white paper

IoTeX 2.0: Enhancing Decentralized Infrastructure Through Staking and Governance

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 25 of 26. PRAYER FOR RELIEF WHEREFORE, the Commission respectfully requests that the Court enter a Final Judgment: I. Permanently enjoining Defendant and its agents, servants, employees and attorneys and all persons in active concert or participation with any of them from violating, directly or indirectly, Securities Act Sections 5(a) and (c) [15 U.S.C. §§ 77e(a), 77e(c)] and Exchange Act Section 15(a) [15 U.S.C. § 78o(a)]. II. Ordering Defendant to pay civil monetary penalties under Securities Act Section 20(d) [15 U.S.C. § 77t(d)] and Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)]; and III. Granting any other and further relief this Court may deem appropriate or necessary for the benefit of investors pursuant to Section 21(d)(5) of the Exchange Act [15 U.S.C. § 78u(d)(5)]. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 25 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 25 of 26. HackerNoon’s Legal PDF Series here PRAYER FOR RELIEF WHEREFORE, the Commission respectfully requests that the Court enter a Final Judgment: I. Permanently enjoining Defendant and its agents, servants, employees and attorneys and all persons in active concert or participation with any of them from violating, directly or indirectly, Securities Act Sections 5(a) and (c) [15 U.S.C. §§ 77e(a), 77e(c)] and Exchange Act Section 15(a) [15 U.S.C. § 78o(a)]. II. Ordering Defendant to pay civil monetary penalties under Securities Act Section 20(d) [15 U.S.C. § 77t(d)] and Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)]; and III. Granting any other and further relief this Court may deem appropriate or necessary for the benefit of investors pursuant to Section 21(d)(5) of the Exchange Act [15 U.S.C. § 78u(d)(5)]. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

SEC Requests Court to Halt Consensys and Impose Fines Over Staking Program Violations

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 20 of 26. C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. 286. On January 13, 2023, Consensys publicly announced the release of a program called MetaMask Staking. 287. Consensys created MetaMask Staking to offer and sell the Lido and Rocket Pool staking program investment contracts to investors. 288. The January 13 announcement stated: “MetaMask Staking allows you to engage in liquid staking with two prominent providers, Lido and Rocket Pool, where by you can deposit your ETH and receive a token representing the value of your stake in return.” 289. It called MetaMask Staking “an easy and convenient way to stake ETH.” 290. On January 13, 2023, Consensys posted on the MetaMask Twitter account: “We are extremely happy to announce that you can now stake ETH with Lido or Rocket Pool through the [MetaMask] Portfolio Dapp.” This post included an image advertising “5.22% rewards” with Lido and “4.59% rewards” with Rocket Pool—highlighting the former as the “Highest rewards.” 291. On May 16, 2023, Consensys posted on the MetaMask Twitter account: “[U]sers can now stake and withdraw ETH directly from our liquid staking providers, Rocket Pool and Lido.” And “Get started here,” pointing to a link to the MetaMask portfolio website. 292. In promotional materials, Consensys claimed that MetaMask Staking would make it easier for individual holders of ETH to participate in staking. 293. Specifically, in its January 13, 2023, announcement on its website, Consensys stated: “[S]taking can be a convoluted and complicated process for end-users. MetaMask Staking will offer an easy-to-understand and trusted entry point for users interested in staking. Through this new feature, users can compare the rewards rate, network control, and popularity of different liquid staking providers and choose the one they want to stake with.” ii. Consensys’s MetaMask Staking User Interface. 294. To use MetaMask Staking, investors must have ETH in their MetaMask Wallet. 295. First, from the browser extension or mobile app, the investor clicks on “Stake,” or “Staking.” They are then taken to the MetaMask Portfolio site, where they can then choose “ETH.” 296. At this point, Consensys’s graphical interface presents the investor with two options: Lido and Rocket Pool. 298. If either Lido or Rocket Pool is at or near capacity, Consensys’s MetaMask Staking software disables the ability to stake with that program. 299. In any event, an investor can choose either the Lido or Rocket Pool staking program by clicking “Stake.” 300. On the following screen, an investor can input the number of ETH that they would like to invest in one of the staking program investment contracts and click “review.” 301. At that point, Consensys’s MetaMask Staking software shows the investor a screen with the number of the staking pool tokens they will receive in return, their “estimated rewards,” and the “estimated gas fee.” 302. If the investor wishes to proceed with their request to invest in the staking program investment contract, the investor clicks “confirm.” 303. If MetaMask Staking successfully completes the transaction, the investor will see a screen that says, “Transaction Complete.” iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. 304. Accordingly, Consensys offers and sells the Lido and Rocket Pool investment contracts to investors through the MetaMask Staking platform. 305. Consensys makes this process appear simple and easy to non-technical investors, while performing the technical series of actions necessary to transfer the investor’s ETH to Lido or Rocket Pool and transfer stETH or rETH to the investor in return. 306. When the investor clicks “confirm,” this signals the MetaMask Staking software to take the steps necessary to exchange the investor’s ETH for rETH or stETH. Specifically, Consensys has programed MetaMask Staking software to take the steps described below. 307. First, Consensys’s MetaMask Staking software reads the private key associated with the ETH in the investor’s MetaMask Wallet. 308. Second, using this key, the software creates a blockchain transaction and transfers the investor’s ETH from the investor’s MetaMask Wallet into a smart contract called the MetaMask Staking Aggregator Router Smart Contract (the “MM Staking Router Smart Contract”). 309. The MM Staking Router Smart Contract has its own Ethereum blockchain address. 310. The investor has no control over the MM Staking Router Smart Contract. 311. The MM Staking Router Smart Contract address temporarily holds the investor’s ETH. 312. Although Consensys has programmed its MetaMask Staking software so that Consensys can take a fee for each transaction, Consensys currently sets the fee variable at zero (i.e., it does not take a fee at this time). 313. Consensys could, however, change the software at any time to assess a fee, in which case the amount of the fee would be diverted from the MM Staking Router Smart Contract into a blockchain address designated by Consensys. 314. Third, Consensys’s software transfers the investor’s ETH from the MM Staking Router Smart Contract to the Lido or Rocket Pool Proxy smart contract (deployed by Lido and Rocket Pool, respectively). 315. These Proxy smart contracts mint stETH or rETH, respectively, upon receiving a deposit of ETH, and, if the MM Staking Router Smart Contract sends ETH to the Proxy smart contracts, the Proxy smart contracts will transfer newly minted stETH or rETH, respectively, to the MM Staking Router Smart Contract. 316. Fourth, the MM Staking Router Smart Contract transfers the stETH or rETH, as the case may be, to the investor’s MetaMask Wallet. 317. As of March 11, 2024, investors had invested 100,252 ETH in the Lido staking program through MetaMask Staking and 8,375 ETH in the Rocket Pool staking program through MetaMask Staking. 318. As of March 11, 2024, Consensys, through MetaMask Staking, offered and sold the Lido staking program to 32,449 unique blockchain addresses and offered and sold the Rocket Pool staking programs to 2,215 unique blockchain addresses. 319. For its part, Lido embraced MetaMask Staking as a platform through which its staking program would be offered and sold. 320. On January 17, 2023, Lido announced on its blog that “Ethereum staking with Lido is now live on MetaMask! Stake your ETH on MetaMask to earn yield and secure the Ethereum network from the comfort of your wallet.” 321. Moreover, a former Lido employee testified that “in terms of a distribution channel [Consensys’s MetaMask was] a very highly valued target.” 322. Accordingly, by the conduct described above, Consensys offered and sold, and continues to offer and sell, investment contracts for Lido and Rocket Pool, participating directly in the distribution of securities from the issuers—Lido and Rocket Pool—to the investor. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 20 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 20 of 26. HackerNoon’s Legal PDF Series here C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. 286. On January 13, 2023, Consensys publicly announced the release of a program called MetaMask Staking. 287. Consensys created MetaMask Staking to offer and sell the Lido and Rocket Pool staking program investment contracts to investors. 288. The January 13 announcement stated: “MetaMask Staking allows you to engage in liquid staking with two prominent providers, Lido and Rocket Pool, where by you can deposit your ETH and receive a token representing the value of your stake in return.” 289. It called MetaMask Staking “an easy and convenient way to stake ETH.” 290. On January 13, 2023, Consensys posted on the MetaMask Twitter account: “We are extremely happy to announce that you can now stake ETH with Lido or Rocket Pool through the [MetaMask] Portfolio Dapp.” This post included an image advertising “5.22% rewards” with Lido and “4.59% rewards” with Rocket Pool—highlighting the former as the “Highest rewards.” 291. On May 16, 2023, Consensys posted on the MetaMask Twitter account: “[U]sers can now stake and withdraw ETH directly from our liquid staking providers, Rocket Pool and Lido.” And “Get started here,” pointing to a link to the MetaMask portfolio website. 292. In promotional materials, Consensys claimed that MetaMask Staking would make it easier for individual holders of ETH to participate in staking. 293. Specifically, in its January 13, 2023, announcement on its website, Consensys stated: “[S]taking can be a convoluted and complicated process for end-users. MetaMask Staking will offer an easy-to-understand and trusted entry point for users interested in staking. Through this new feature, users can compare the rewards rate, network control, and popularity of different liquid staking providers and choose the one they want to stake with.” ii. Consensys’s MetaMask Staking User Interface. ii. Consensys’s MetaMask Staking User Interface. 294. To use MetaMask Staking, investors must have ETH in their MetaMask Wallet. 295. First, from the browser extension or mobile app, the investor clicks on “Stake,” or “Staking.” They are then taken to the MetaMask Portfolio site, where they can then choose “ETH.” 296. At this point, Consensys’s graphical interface presents the investor with two options: Lido and Rocket Pool. 298. If either Lido or Rocket Pool is at or near capacity, Consensys’s MetaMask Staking software disables the ability to stake with that program. 299. In any event, an investor can choose either the Lido or Rocket Pool staking program by clicking “Stake.” 300. On the following screen, an investor can input the number of ETH that they would like to invest in one of the staking program investment contracts and click “review.” 301. At that point, Consensys’s MetaMask Staking software shows the investor a screen with the number of the staking pool tokens they will receive in return, their “estimated rewards,” and the “estimated gas fee.” 302. If the investor wishes to proceed with their request to invest in the staking program investment contract, the investor clicks “confirm.” 303. If MetaMask Staking successfully completes the transaction, the investor will see a screen that says, “Transaction Complete.” iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. 304. Accordingly, Consensys offers and sells the Lido and Rocket Pool investment contracts to investors through the MetaMask Staking platform. 305. Consensys makes this process appear simple and easy to non-technical investors, while performing the technical series of actions necessary to transfer the investor’s ETH to Lido or Rocket Pool and transfer stETH or rETH to the investor in return. 306. When the investor clicks “confirm,” this signals the MetaMask Staking software to take the steps necessary to exchange the investor’s ETH for rETH or stETH. Specifically, Consensys has programed MetaMask Staking software to take the steps described below. 307. First, Consensys’s MetaMask Staking software reads the private key associated with the ETH in the investor’s MetaMask Wallet. 308. Second, using this key, the software creates a blockchain transaction and transfers the investor’s ETH from the investor’s MetaMask Wallet into a smart contract called the MetaMask Staking Aggregator Router Smart Contract (the “MM Staking Router Smart Contract”). 309. The MM Staking Router Smart Contract has its own Ethereum blockchain address. 310. The investor has no control over the MM Staking Router Smart Contract. 311. The MM Staking Router Smart Contract address temporarily holds the investor’s ETH. 312. Although Consensys has programmed its MetaMask Staking software so that Consensys can take a fee for each transaction, Consensys currently sets the fee variable at zero (i.e., it does not take a fee at this time). 313. Consensys could, however, change the software at any time to assess a fee, in which case the amount of the fee would be diverted from the MM Staking Router Smart Contract into a blockchain address designated by Consensys. 314. Third, Consensys’s software transfers the investor’s ETH from the MM Staking Router Smart Contract to the Lido or Rocket Pool Proxy smart contract (deployed by Lido and Rocket Pool, respectively). 315. These Proxy smart contracts mint stETH or rETH, respectively, upon receiving a deposit of ETH, and, if the MM Staking Router Smart Contract sends ETH to the Proxy smart contracts, the Proxy smart contracts will transfer newly minted stETH or rETH, respectively, to the MM Staking Router Smart Contract. 316. Fourth, the MM Staking Router Smart Contract transfers the stETH or rETH, as the case may be, to the investor’s MetaMask Wallet. 317. As of March 11, 2024, investors had invested 100,252 ETH in the Lido staking program through MetaMask Staking and 8,375 ETH in the Rocket Pool staking program through MetaMask Staking. 318. As of March 11, 2024, Consensys, through MetaMask Staking, offered and sold the Lido staking program to 32,449 unique blockchain addresses and offered and sold the Rocket Pool staking programs to 2,215 unique blockchain addresses. 319. For its part, Lido embraced MetaMask Staking as a platform through which its staking program would be offered and sold. 320. On January 17, 2023, Lido announced on its blog that “Ethereum staking with Lido is now live on MetaMask! Stake your ETH on MetaMask to earn yield and secure the Ethereum network from the comfort of your wallet.” 321. Moreover, a former Lido employee testified that “in terms of a distribution channel [Consensys’s MetaMask was] a very highly valued target.” 322. Accordingly, by the conduct described above, Consensys offered and sold, and continues to offer and sell, investment contracts for Lido and Rocket Pool, participating directly in the distribution of securities from the issuers—Lido and Rocket Pool—to the investor. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

MetaMask Staking Faces SEC Scrutiny Over Lido and Rocket Pool Offerings

মেটামাস্ক স্টেকিং লিডো এবং রকেট পুল অফারগুলির উপর এসইসি স্ক্রুটিনির মুখোমুখি হয়

MetaMask Staking steht wegen Lido- und Rocket Pool-Angeboten unter Beobachtung der SEC

MetaMask Stake se enfrenta al escrutinio de la SEC por las ofertas de Lido y Rocket Pool

MetaMask Staking fait l'objet d'un examen minutieux par la SEC sur les offres de Lido et de Rocket Pool

मेटामास्क स्टेकिंग को लीडो और रॉकेट पूल ऑफरिंग पर SEC जांच का सामना करना पड़ रहा है

MetaMask ステーキング、Lido および Rocket Pool の提供に関して SEC の監視に直面

MetaMask 스테이킹, Lido 및 로켓 풀 제공에 대한 SEC 조사에 직면

MetaMask Staking enfrenta escrutínio da SEC sobre ofertas de Lido e Rocket Pool

Стейкинг MetaMask подвергается проверке SEC в отношении предложений Lido и Rocket Pool

MetaMask Staking, Lido ve Roket Havuzu Teklifleri Üzerinden SEC İncelemesiyle Karşı Karşıya

MetaMask Stake phải đối mặt với sự giám sát của SEC đối với các dịch vụ Lido và Rocket Pool

MetaMask Staking 因 Lido 和 Rocket Pool 发行面临美国证券交易委员会的审查

Stories, News & Mentions about STAKIN

Stakin’s Stories on HackerNoon

Stakin's News & Mentions