Just when you thought things in the Cosmos ecosystem could not get any more awesome, there’s this: Liquid Staking/Staking Derivatives for Secret SCRT tokens is now LIVE on the shadederivatives.io site! What does that mean? You can now convert your native SCRT tokens to stkd-SCRT (currently earning 23% APY) and receive the liquid derivative stkd-SCRT. What is that cool? Because it is LIQUID…meaning you can now take that staking derivative and leverage it to earn even more! *Note: Right now you can only create an LP pair with the stkd-SCRT on Sienna Swap (no staking yet) and as soon as the LP is incentivized you will be able to stake it! Here is a step-by-step tutorial on how to go from SCRT to stkd-SCRT, to swapping SCRT for sSCRT, creating the stkd-SCRT/sSCRT LP pair and much, much more! Gotta love it! Enjoy and here are all the links I mentioned:
Shade Derivatives Site: https://shadederivatives.io/
Original Tweet/Announcement: https://twitter.com/shade_protocol/status/1509978572928303111?s=11&t=-AAedcHrJgdKgMU_oNkNQw
Medium Tutorial Article: https://medium.com/@shadeprotocoldevs/secret-staking-derivative-tutorial-by-shade-protocol-stkd-scrt-3e30e783933c
Medium Overview Article on Liquid Staking Tokenomics: https://medium.com/@shadeprotocoldevs/shade-staking-derivatives-aed1e93d10cd
Cosmos Tip Jar Addresses:
ATOM: cosmos1ahfuktd7nyn3j9gkg7grphqpldgkyacruv65th
JUNO: juno1ahfuktd7nyn3j9gkg7grphqpldgkyacr27e0vt
SCRT: secret1ahfuktd7nyn3j9gkg7grphqpldgkyacr7fwakt
OSMO: osmo1ahfuktd7nyn3j9gkg7grphqpldgkyacr5hfya9
***Note: All the information provided in this video tutorial is provided on an “as is” and “as available” basis and you agree that your use of such information is entirely at your own risk. You should not construe any such information or other material in my video tutorial as legal, tax, investment, financial, or other advice. Nothing in this video or on my YouTube channel constitutes a solicitation, recommendation, endorsement, or offer by myself or any third party. I am not liable for the loss of any fiat/assets/tokens as a result of you following the steps presented here and this is not investment advice and I am NOT an investment advisor. The opinions expressed in this video tutorial are for general information and entertainment purposes only and are not intended to provide specific financial and/or tax advice or recommendations for any individual or on any specific cryptocurrency token or investment product.***