With zero gas fees and no unbinding period, innovative flexible staking products aim to allow wider accessibility for yield opportunities.
Singapore, March 7, 2022 — Matrixport, Asia’s fastest-growing digital asset financial-s0ervice platform, has announced the introduction of flexible crypto-staking products that provide users seamless access to a safe source of passive income.
Staking is a process that involves committing crypto assets to support a blockchain network and confirm transactions, available with cryptos using the proof-of-stake (PoS) consensus model. However, there are several barriers to wider participation, including the thresholds needed to begin staking, high gas fees and periods of illiquidity during unbinding wait times.
Matrixport’s flexible staking product allows users to continually accumulate crypto assets, and deposit or withdraw their assets easily at any time with no minimum threshold, zero gas fees and zero waiting time for unbinding. Staking yields are dynamically adjusted proportionally and optimized by an algorithm based on utilization.
John Ge, CEO of Matrixport said:
“PoS has proven to be an efficient consensus mechanism and also a safe, community-friendly way to generate passive income. We are excited about offering a user-friendly PoS product designed with insight from our customers that removes some of the barriers to wider participation.”
Ether (ETH) and Filecoin (FIL) tokens are available for flexible staking now, with more altcoins to be added soon such as Solana (SOL), Terra (LUNA) and Polkadot (DOT). Matrixport will continually identify high liquidity-quality projects with an established track record that offers attractive staking-yield opportunities.
To learn more, refer to the product’s factsheet.
About Matrixport
Matrixport is one of Asia’s fastest-growing digital asset financial-service platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with more than $5 billion in average monthly trading volumes. The offerings include Cactus Custody, spot over-the-counter trading, fixed income, structured products, lending and asset management.
Headquartered in Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is “Get more from your crypto.” The company holds licenses in Hong Kong and Switzerland with more than 290 employees serving both institutions and retail customers across Asia and Europe. For more information, visit the website.
- Twitter – @realMatrixport
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