Uno Re Announces Hotcross Staking Program

Users will be able to stake $UNO and $HOTCROSS (BEP20) in Cross Pool and earn rewards in $UNO.

What is a Cross Pool?

Cross Pool is a member of the Hot Cross product suite that offers a secure and decentralized way of rewarding users for staking both LP tokens and single-sided, traditional BEP20 tokens. The protocol can technically work for various staking scenarios and on any EVM network. However, in the first stage, it will be used to distribute a new token and reward users for staking other LP or BEP20 tokens.

About Hot Cross

Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C.

About Uno Re

Uno Re will be the world’s first decentralized reinsurance platform powered by Polkadot, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the UnoRe ecosystem.

➡️Source:
https://medium.com/uno-re/uno-re-hotcross-staking-program-d735afef7ba3