ImpulseVen is a user-friendly, decentralized finance platform, making financial products and services accessible to everyone. Amongst a wide range of services namely Decentralized Exchange, the AI Arbitrage Trading Bot, Lending Platform, Yield & Liquidity Reward and Staking. You have certainly heard a lot of buzz this past month.
ImpulseVen Staking in collaboration with YFDAI
You were many to follow ImpulseVen through the different stages of the Pre-Sale, Private Sale and Public Sale which took place in partnership with YFDAI and DuckDAO! All happened in a flash of light and we are now heading to the next step being the ImpulseVen Staking in collaboration with YFDAI.
The growth of Staking
As DeFi shows an incredible growth, so does the central role of cryptocurrency staking. The total assets staked in DeFi platforms amount to $21-$23 billion in January 2021. This is a true testament to the demand for staking.
What is Staking?
What Is Crypto Staking? Staking is an activity where a user locks or holds his funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system.
The figures — ImpulseVen Staking with YFDAI
For the ImpulseVen Staking with YFDAI, which is due to happen this 03rd April, here are some key figures to remember:
- For 72hrs Lock — Daily 0.125% for APY 42%
- For 90-day Lock — Daily 0.163% for APY 55%
- YFDAI Staking (Limited to 180 days) — Monthly Reward of 25,000 VEN*
*YFDAI staking fees reward 50% to VEN stakers / farmers and 50% to YFDAI Last Man Standing winners.
It is important to highlight that there is no minimum amount for staking on ImpulseVen staking platform.
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ImpulseVen also supports staking of its native VEN tokens on its website. The staking mechanism on the platform is designed to offer 80% of fees generated from all VEN transactions as dividends, to be shared between all the stakers. These dividends start accumulating the moment VEN tokens are staked, and payout of dividends is made once every 3 days. The dividend earned will be added to the stake, thereby gradually increasing the amount of staked VEN tokens. Anyone who wishes to stake YFDAI to earn VEN will also be able to perform their transactions on our ImpulseVen interface.
The future of Staking
There is no doubt that staking is gaining momentum and an increasing market share in the crypto sector. The shift towards staking received new strength when Ethereum finally made the shift and officially welcomed staking in December 2020.
Furthermore, in 2021, the popularity of both decentralized and centralized staking appears to be at an all-time high as DeFi staking continues to flourish.
As you are all getting tuned to the ImpulseVen Staking on YFDAI this 03rd April, the team wishes you all a happy staking with ImpulseVen!
Stay tuned for more info and always connect to our Official TG Channels
Telegram Announcement Channel: https://t.me/impulsevendefi
Telegram Community: https://t.me/ImpulseVen