LIQUID STAKING
This segment of the SIMIAN NODES network allows users to create wrapped token derivatives. Users can generate ERC-20 tokens tied to their staked capital at an extra fee. These unique tokens are a liquid equivalent of the staked native assets and can be sold, swapped, or deposited to vaults for more yields.
Liquid staking brings staked coins back to circulation while still allowing users to earn rewards on their capital. At any time, users can claim their staking rewards payable in native coins or $SIMIAN tokens. Depending on the PoS and DPoS blockchain structure, there might be a withdrawal period to reduce slashing risks for the network’s validator nodes.
Last updated