Matrixport, a based blockchain and cryptocurrency platform in Asia, today announced the launch of ‘ETH2.0 Staking Earns’, a new product that customers to join in Staking of Ethereum 2.0 (ETH2.0) benefiting from further token rewards, mining revenue and better liquidity from related DeFi projects.
The “ETH2.0 Staking Earn” product expects to earn returns of between 3 and 10 percent. Users can earn higher returns that are generated by a combination of ETH2.0 average staking reward of 2.30 percent*, DeFi extraction token revenues of 6.81 percent* (transaction fee revenue of 0.14 percent. *)
“ETH2.0 Staking Earn” generates additional yield through established DeFi protocols Curve and Lido, a liquid staking solution for Industry supported ETH 2.0-leading stakeout providers. Lido is currently the largest decentralized contract for ETH 2.0 stakeout, with over 540,000 ETH wagered. Using Curve, users also benefit from stable currency exchange services with low slippage and low transaction fees.
“’ETH2.0 Staking Earn’ balances the robust staking of ETH 2.0 rewards with the benefits of liquidity of DeFi protocols. In addition, the investment is significantly lower thresholds encourage wider participation by the community. Our first-in class product reflects Matrixport’s relentless commitment to lead to market innovative offers for the benefit of the long queue of cryptocurrency users. “
– John Ge, co-founder and CEO of Matrixport
For allow easy access for ETH 2.0 investment, a minimal investment threshold of 5 ETH was set. The return on your investment will be updated once a month, within 3 working days after the opening period ends of every month. In addition, “ETH2.0 Staking Earn” allows users to withdraw early, subject to a service fee.
Until 21 August Matrixport users can book theirs shares, which will be confirmed on September 1st.
“With a mission to make staking simple and secure while maintaining both decentralization and censorship resistance for Ethereum, this collaboration with Matrixport is perfectly aligned with values of Lido facilitating wider participation in the staking of Ethereum economy. Lido is driven to contribute as much as possible to maturation of the DeFi stakeout economy, and that’s another strong one step towards that ».
– Konstantin Lomashuk, co-founder of Lido DAO
Earlier this month, Matrixport successfully closed the series C fundraiser round with plans to continue its expansion and obtain additional licenses.
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