Hey Ahmed, Thanks for joining us. I have 3 related questions

Question

Hey Ahmed, Thanks for joining us. I have 3 related questions

for you

Can you explain the concept of liquid staking?
How does it benefit Hatom users?
What are the risks of using liquid staking ?

#blockchain #cryptocurrency #elrond #english

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13.07.2023

2 ответов

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Ahmed | Hatom Protocol

Ahmed | Hatom Protocol
Liquid Staking offers the opportunity to stake EGL...

As for the risks, sEGLD is constantly backed by the EGLD that has been staked through the Liquid Staking smart contract, which means that at any point in time, you can go to Liquid Staking and Unstake your sEGLD for EGLD and receive it after a 10 days cooldown period similar to Traditional Staking. Even if the price of sEGLD deppeg on AshSwap for example, you will still be able to go to Hatom and Unstake your sEGLD to receive its full value. The only risk that exists with sEGLD is a smart contract risk and to cover that aspect we made sure that our smart contracts are as secure as possible by performing multiple security audits with the most prestigious audits firms. The Liquid Staking Module has been audited by Runtime Verification and Arda, and is currently being audited by CertiK

0

13.07.2023

Ahmed | Hatom Protocol · Accepted Answer

Liquid Staking offers the opportunity to stake EGLD to earn staking rewards while keeping access to its value. By delegating your EGLD through Liquid staking you will receive sEGLD, which is a reward-bearing version of EGLD that constantly accrues in value following the Liquid Staking APY. sEGLD can be used in various Apps like Stableswaps to be able to exchange it to EGLD and bypass the 10 days cooldown period, it can be used in the lending protocol to earn additional yields and to use it as collateral to take out loans, it can be used a method of payment to bid on NFTs and buy them. In a nutshell, Liquid Staking allows you to earn the staking rewards and keep access to the value of your staked asset.

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Hey Ahmed, Thanks for joining us. I have 3 related questions

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