The Addition of the New Pool
The addition of the new pool will improve liquidity provision, making it more appealing to provide liquidity without relying on excessive incentives.
Ankr Liquid Staking: A Revolutionary Solution
Ankr Liquid Staking is a revolutionary solution that has been gaining significant traction in the DeFi space. It allows users to stake their cryptocurrency assets while maintaining their liquidity, providing a flexible and efficient way to participate in staking activities on blockchain networks.
The Key Advantages of Ankr Liquid Staking
- Eliminates the need for users to hold a specific token to participate in staking activities
- Users can stake their preferred cryptocurrency asset and receive staking rewards in the form of the corresponding token
- Simplifies the staking process and reduces the overall cost of participation
- Makes staking more accessible to a wider range of users
Midas’ Innovative Solutions for Liquidity Provision
To further improve the efficiency of liquidity provision, Midas is creating a new isolated pool for AnkrBNB with a custom interest rate model that takes into consideration liquid staking as a base reward. This innovative solution guarantees a minimum yield for lending LP’s that is higher than other pools like Venus, making it more rational to provide liquidity for such pools without the need for more degen incentives.
In addition to the isolated pool for AnkrBNB, Midas is also creating an isolated pool for HAY and Thena LP’s. This innovative solution provides users with even greater flexibility and capital efficiency, allowing them to deploy some Thena LP’s as collateral and borrow AnkrBNB, HAY, and Ankr tokens.
By leveraging the yield generated from Thena LP’s, users can borrow the assets that compose the LP and deploy them on Thena again, compounding their earnings and maximizing their returns. This provides users with a powerful tool for managing their cryptocurrency assets and earning passive income through staking and liquidity provision.
The Future of Ankr Liquid Staking
With the added innovation of Midas’ isolated pool and meta pool solutions, Ankr Liquid Staking is poised to become a game-changer in the DeFi space. As the project continues to grow and evolve, it will be interesting to see how it shapes the future of DeFi liquidity provision.
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