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PAK 🇹🇭 🚀 🌕-Kongchaiyarak

What are the differences between the Annual Percentage Yield (APY)

and locking duration when staking with Nucleon compared to direct staking with a Proof-of-Stake (PoS) pool?

#blockchain #conflux #cryptocurrency #english
0

4 ответов

13 просмотров
BlockChace | Conflux Network |I'll NEVER send DM first.-

The difference is as follows. first, the official Conflux Network Staking node, which has an annualized return close to 4%, basically (with a minimum of 1000 CFX) you lock your assets to receive that profit in the form of more CFX. On the other hand, there is the Nucleon option, a liquidity Staking system, in a few words, you deposit your CFX and receive a collateral (xCFX) which, since its launch (and by code) benefits from interest, which is increasing its value second by second, The current value of the xCFX is ~1.02 CFX, and increasing, that means that you generate profit as the xCFX is rising, it is called liquidity staking because you do not run out of tokens, you deposit the CFX and receive liquidity in xCFX, then you can exchange your xCFX tokens for CFX or for dollars or whatever you want, in Swappi Dex.

0
09.05.2023
PAK 🇹🇭 🚀 🌕-Kongchaiyarak Автор вопроса
BlockChace | Conflux Network |I'll NEVER send DM first.
The difference is as follows. first, the officia...

Thanks, look like Nucleon option has no time lock and also gain liquidity by xCFX, how about Conflux Network Staking node does it has time lock or cool down period? if it has, how long?

0
09.05.2023

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