When using liquid staking, cryptocurrency holders do not have to decide whether to bet or access their assets to pursue other possibilities. They can bet tokens, get receipts certifying ownership of those tokens, and use them to participate in the wider web3 economy. Take a look at Filecoin (FIL) and CashFi (CFI) to see how Ethereum (ETH) liquid staking is used to add security and benefits to investors.
The Power of Ethereum (ETH)
Ethereum (ETH) Is a very powerful open source blockchain and a large amount Distributed application. With the significant increase in decentralized finance (DeFi), most DeFi projects rely on the credibility of Ethereum (ETH) to securely transfer and maintain their funds. This is known as Ethereum (ETH) staking. In essence, with the extraordinary success of Ethereum (ETH) over the years, most new crypto projects are on a credible court tail as they seek to attract new investors and succeed in the market.
Filecoin (FIL)
Filecoin (FIL) It is a little different from other companies in the same industry. In contrast to blockchain, which uses the concept of proof of work, Filecoin (FIL) uses proof of replication (PoRep) and proof of space time (PoSt). Proof of Replication and Proof of Spacetime prove that the client’s data is physically stored. This guarantees a high level of security and integrity.
Unlike many decentralized blockchains Filecoin (FIL) We don’t just rely on Ethereum (ETH) to bet coins. Investors use Crypto.com or Binance, FIL coin. If you bet Filecoin (FIL) for one year with a 9% bet reward, your 12-month passive income is equivalent to about $ 1.88-equivalent to $ -19.035 (current Filecoin (FIL) price is Equivalent to $ 8.46).
This is a solid profit and is why so much smart money is flowing in the direction of this project, whose reputation has steadily increased since its launch in 2014. The founders of Filecoin (FIL) seem to be really proud to make the Internet, more specifically Web 3.0, safer and more efficient.They are using this to achieve this Distributed Data storage market.
Cash-Fi (CFI)
Cash-Fi (CFI) Is a new and exciting integrated platform that uses ERC-20 $ CFI tokens as a highlight. Enables on-chain interoperability while enabling off-chain cooperation with an ecosystem of multi-chain Web 3.0 products designed to stimulate global liquidity and enable seamless value exchange. Use the evaluation method.
CashFi (CFI), unlike Filecoin (FIL), uses the Proof-of-Stake (PoS) protocol in combination with Ethereum (ETH). With a CashFi (CGI) investment, investors can natively protect their PoS platform by supplying a 1: 1 peg ERC-20. Liquid staking Expression token above Ethereum (ETH)Allows you to release the liquidity of your bet assets.
Cash-Fi is a new project that is currently in the pre-sale stage and is receiving a lot of attention as more and more investors seek the security provided by its liquid staking protocol.
Over a year, Ethereum (ETH) liquid staking has risen from less than 1% penetration in January 2021 to just over 30% penetration in early May 2022. More and more companies and institutions are considering joining. Liquid staking Every day because of the safe and widespread success rate and failsafe it clearly offers.
Details of CashFi (CFI):
Website: https://cashfi.finance/en#ecosystem
Filecoin:
Website: https://filecoin.io/
..
