First Massive Stake Party on Saros
Saros a decentralized finance Super-Network, built on Solana, announced the first massive stake party on its platform, SarosStake.
To celebrate the release of SarosStake, they are holding the very first massive Stake Party on Saros. 13 staking assets included, and yes, it would not be a party without those juicy APRs.
About SarosStake
SarosStake is the next building block in Saros Finance. No impermanent loss. No complicated steps to adding liquidity. Indeed, SarosStake is the most simple way to earn tokens!
SarosStake appears to be suitable for retail investors and especially new users in crypto since it does not require too many complicated steps for joining. With SarosStake, you can earn passive income on your token investment in a much more simple way.
Amazing Qualities of SarosStake
- No impermanent loss: One of the most amazing things about SarosStake is that impermanent loss is no longer a problem. Stake tokens to earn tokens!
- Low-cost: The average transaction fee on Solana is extremely low, which makes the staking process on Saros much more pleasant compared to other AMMs built on Ethereum or BNB Chain.
- Bullet-proof security: At Saros, they take security seriously and endeavor to make their smart contracts as secure as possible.
SarosStake is now LIVE!
Following the first SNTR pool, SarosStake welcomes 13 more pools to the family: DUST, SAMO, HDG, HBB, FOXY, FORGE, WLKN, GST, GMT, GARI, STARS, PRT, CYS.
Staking mechanism will be “Stake A, Earn A”, which means that the reward payout will be the same as staked assets.
SarosStake welcomes 13 Pools
DUST Pool
DeGods is a deflationary collection of degenerates, punks, and misfits. Gods of the metaverse & masters of our own universe. Integrating with Dust Protocol.
Total reward: 1,000 DUST
SAMO Pool
SAMO is Solana’s Top Dog, The Solana Community Coin Pushin’ The Limits of Web 3.0 Community Building
Total reward: 150,000 SAMO
HDG Pool
HDG is the protocol token of Hedge – a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar
Total reward: 1,000 HDG
HBB Pool
Hubble is an innovative decentralized finance (DeFi) protocol built on the Solana blockchain
Total reward: 3,000 HBB
FOXY Pool
FOXY – The Famous Fox Federation, one of the most famous NFT collections on Solana
Total reward: 150,000 FOXY
FORGE Pool
FORGE is the utility token of Blocksmith Labs ecosystem – a well-known tech team on Solana, especially in the NFT area
Total reward: 3,000 FORGE
WLKN Pool
Walken is a play & exercise to earn mobile app built by a team with over 50 million app store downloads and $10 million in annual revenue
Total reward: 5,500 WLKN
GST Pool
GST is a protocol token from STEPN – a Web3 lifestyle app with Social-fi and Game-fi elements where players can make handsome earnings by walking, jogging or running outdoors
Total reward: 5,000 GST
GMT Pool
GMT is a protocol token from STEPN – a Web3 lifestyle app with Social-fi and Game-fi elements where players can make handsome earnings by walking, jogging or running outdoors
Total reward: 1,000 GMT
GARI Pool
GARI Network is a Web3 Powered Social Community, with the goal to empower video content creators worldwide with blockchain
Total reward: 1,000 GARI
STARS Pool
StarLaunch is a launchpad and incubator for Solana blockchain projects – the first insured launchpad on Solana.
Total reward: 10,000 STARS
PRT Pool
The Parrot Protocol is a DeFi network built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM.
Total reward: 1,000,000 PRT
CYS Pool
Cykura is an AMM that solves the problem of capital inefficiency and maximizes returns for liquidity providers, while offering a smooth and fast experience for traders
Total reward: 50,000 CYS
NOTE
Tentative duration for all pools in this Stake Party will be 1 month: from 30 June – 30 July, 2022 (Based on Solana block estimation. Can be shorter or longer).
All rewards will start at roughly 139,510,000 block and end at roughly 146,000,000 block (estimate). Users can check the detailed block at https://explorer.solana.com/
About Saros
Saros Finance is the ultimate DeFi platform native to Solana, with trading, staking, and yield farming services. Built by Coin98 Labs, Saros Finance aims to adopt millions of users to DeFi.
SOURCE
https://blog.saros.finance/massive-stake-party-on-saros-lets-start-this-july-strong/
