.svg?alt=media&token=451e7ff7-985c-4d42-8bb3-dcf9b15614df)
Liquid Staking
as of 01/25/2023
Users can delegate their EGLD to Hatom's whitelisted validators to secure the Network and receive a token called Staked EGLD (sEGLD); it's a reward-bearing version of EGLD that can be used within decentralized finance Apps such as Automated Market Makers (AMMs) and Lending Protocols.
Liquid Staking allows users to earn interest from staking EGLD with validators while having sEGLD that they can supply in the Hatom Lending Protocol.
Users will no longer have to choose between delegating their EGLD to the validators or supplying them to the Hatom Lending protocol; they can do both and combine the rewards.
Hatom novel liquid staking will allow its users to generate even more yield by introducing a boosted version of sEGLD called, HsEGLD.
HsEGLD or HatomStaked EGLD is an interest-bearing version of sEGLD and constitutes the receipt token you get when supplying the sEGLD on the lending protocol; HsEGLD combines both the Staking Rewards that are received from validators and the Borrowing Interest that are earned when supplying assets on the Lending Protocol.
You can also activate HsEGLD as collateral and earn additional rewards if applied.
xEGLD is a leveraged version of sEGLD, an Interest Compounding EGLD Index. This innovative solution enhances staking returns through a leveraged liquid staking strategy. Utilizing Set's robust leverage token infrastructure, xEGLD multiplies the staking rate for sEGLD while minimizing transaction costs and risk associated with maintaining collateralized debt on the Hatom Lending App. Token holders can retain spot exposure to EGLD while amplifying their staking returns up to 3.3 times.
sEGLD, HsEGLD, and xEGLD will have their liquidity pools in a Stableswap Dex, providing stakers quick access to their staked funds and bypassing the 10 days cooldown period.
P.S: Liquid Staking will be made in collaboration with the MultiversX Team and Runtime Verification.
Last modified 2mo ago