Published By Feedzy
Matrixport, an Asia-based blockchain & cryptocurrency platform, today announced the launch of ‘ETH2.0 Staking Earn’, a new product that customers to participate in Ethereum 2.0 (ETH2.0) staking while benefitting from additional token rewards, mining revenues, and better liquidity from related DeFi projects.
The ‘ETH2.0 Staking Earn’ product expects to earn yields of between 3 to 10 percent. Users are able to earn higher yields that are generated from a combination of average ETH2.0 staking reward of 2.30 percent*, DeFi mining token revenues of 6.81 percent* (transaction fee income of 0.14 percent.*)
‘ETH2.0 Staking Earn’ generates additional yield through established DeFi protocols Curve and Lido, a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido is currently the largest decentralized contract for ETH 2.0 staking, with over 540,000 ETH staked. By utilizing Curve, users also benefit from stable currency exchange services with low slippage and low transaction fees.
“‘ETH2.0 Staking Earn’ balances robust ETH 2.0 staking rewards with the liquidity benefits of DeFi protocols. Additionally, the significantly lower investment thresholds encourage wider participation from the community. Our first-in-class product reflects Matrixport’s relentless commitment to bring to market innovative offerings that benefit the long tail of crypto users.”
– John Ge, Co-Founder & Chief Executive Officer of Matrixport
To allow easy access for ETH 2.0 investment, a minimum investment threshold of 5 ETH has been set. The investment yield will be updated once a month, within 3 working days after the open period at the end of each month. Further, ‘ETH2.0 Staking Earn’ enables users to withdraw early, subject to a service fee.
Until August, 21, Matrixport users can reserve their shares, which will be confirmed on September 1st.
“With a mission to make staking simple and secure while maintaining both decentralization and censorship-resistance for Ethereum, this collaboration with Matrixport is perfectly aligned with the values of Lido through facilitating wider participation in the Ethereum staking economy. Lido is driven to contribute as much value as possible to the maturation of the DeFi staking economy, and this is another strong step towards that.”
– Konstantin Lomashuk, Lido DAO Co-Founder
Earlier this month, Matrixport successfully closed its Series C fundraising round with plans to continue its expansion and secure additional licenses.