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Staking Derivatives Is About to Explode
The staking derivatives track is gaining a lot of traction. Let’s have a look at some popular projects: Bifrost, StaFi, and Acala. With the help of Ethereum 2.0 and Polkadot, staking derivatives projects have begun to emerge.
Original article: https://www.chainnews.com/articles/163123587734.htm
Translated by me for Bifrost.
With the launch of the ETH 2.0 deposit contract, the market’s attention to the staking economy has gradually increased. The original writer of this article has been following this track for some time. Today let’s have a closer look at the participants of the Staking Economic Track and how they work.
In order to protect network security, the PoS public chain will be equipped with a staking module, and a high collateral rate can effectively prevent 51% attacks. At the same time, for long-term token holders, a stable risk-free return can be obtained, which is a mutually beneficial thing.
Currently, the majority of public chains in the industry use PoS consensus, and most of the newcomers also choose PoS consensus. According to Staking Rewards, the total market capitalization of PoS assets is currently $36 billion with staking assets of $16 billion. With an average collateralization rate of 43% and an average yield of 20%.
