Liquid staking on Ethereum and Cosmos: Stake Caged Beasts and make your money work for you - Kalkine Media

June 02, 2023 02:21 PM AEST | By George Walker (Guest)
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As a crypto enthusiast, you may be well-versed with the how-to’s of investments, both in the long term and the short term. You may also be familiar with the concept of liquid staking and the platforms that make this process possible. TLDR, Liquid staking is essentially a way to make your money work for you. In the present era, it suffices to say that not staking your assets means you are missing out.

Staking your tokens goes beyond holding them in your wallet: it secures the network, fortifies the blockchain against attacks, and improves transaction processing. Staking can also help you earn rewards and may lead to airdrop opportunities for additional tokens. Staking safeguards against impulsive selling during market downturns. Both token holders and network benefit, creating a more resilient and rewarding ecosystem. Read on to learn about the best liquid staking platforms, Ethereum and Cosmos, and how the brand new Caged Beasts (BEASTS) makes the best use of the method with its referral program.

Ethereum Network– The hub for utility


Image source: https://cagedbeasts.com

Ethereum recently hit a big milestone by making a major switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This brought together the original Ethereum mainnet with the PoS blockchain. With PoS, the network makes it harder for attackers to cause trouble by requiring them to control the majority of tokens. Token holders can lock up their tokens to verify transactions and even earn up to 4% interest.

Liquid staking on Ethereum tackles the challenges of regular staking by turning locked-up capital into liquid assets. That means you can get your funds when needed. Plus, you can use your staked tokens as collateral, which opens up more ways to earn extra rewards. On top of that, the PoS model gives you more flexibility in choosing validators, which is pretty neat from a technical standpoint.

Cosmostation– From the Cosmos network

Cosmostation is a convenient wallet and dashboard solution, offering a mobile wallet for easy staking on your phone and a web wallet for hardware wallet transactions. It has a solid reputation in the Cosmos ecosystem, providing exceptional user support and useful products like Mintscan Explorer, reliable apps, and web wallets.

With support for over 30 networks, including a top-notch validator node, Cosmostation ensures a reliable staking experience. They also offer straightforward interaction, support for IBC-enabled tokens, and helpful resources for assistance.

Caged Beasts take liquid staking to another realm

Get ready for the crypto world to experience a fresh wave of excitement! Welcome to the realm of Caged Beasts (BEASTS), where the wall between entertainment and crypto is erased. Let’s know more about the captivating story of one Rabbit 4001, a tormented bunny seeking revenge.

Caged Beasts brings together the best of both worlds, catering to ambitious enthusiasts and seasoned investors. It's not just about crypto investments; it's a thrilling combination of gaming and merchandise. In fact, the name Caged Beasts is a play on "Caged Liquidity," revolutionizing the DeFi scene and wiping off the limitations faced by other tokens. And here's the cherry on top—the unique referral scheme brought to you by Caged Beasts.

Each user can create their own referral code, and if someone makes a purchase using that code, the owner of the referral code instantly receives 20% of their deposit in their wallet. You can spend it any way you like! This innovative presale tactic aims to build a massive community where every investment benefits others.

Now, let's talk about security and integrity. A whopping 75% of the raised funds are safely locked until the date of release, to make it a protected environment for participants. With this strict lock-up and a commitment to trust through secure protocols, Caged Beasts guarantees unmatched integrity.

Engaging the community actively, transparent tokenomics, and a roadmap filled with groundbreaking milestones—Caged Beasts invites investors and enthusiasts to join the revolution. Don't miss out on securing your place in the upcoming pre-sale. Get ready to be a part of a new era where entertainment and crypto intertwine seamlessly, and the Caged Beasts ecosystem reigns supreme. Sign up today and embark on this thrilling journey!


Image source: https://cagedbeasts.com

The takeaway

Liquid staking goes beyond just holding your crypto tokens. It's a way to maximize your assets and make your money work for you. Ethereum and Cosmostation are two platforms to explore.

To make the most of these platforms, check out Caged Beasts, offering a blend of gaming and merchandise, and introduces the revolutionary concept of "Caged Liquidity." Don't miss the upcoming pre-sale. Join the revolution and embark on an exhilarating journey with Caged Beasts today!

Join the Caged Beasts Revolution

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS


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