Cocoricos skyrockets Ether staking adoption with a 142% APY

cocoricos
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on tumblr
Share on telegram
Share on whatsapp
votes
Article Rating
For neophytes, decentralized finance can seem gloomy; some will say that it is everything you don’t understand about blockchain combined with everything you don’t know about finance. Its complex nature makes it a lot harder to attract a mainstream following. 

We cannot boldly call this financial architecture “open finance” if new users have to pass through complex loops to participate in yield farming or trade DeFi derivatives — hence, the need for simplified interfaces that democratize DeFi and make it accessible to a larger audience. 

Cocoricos is a carefully designed platform that curates all the yield-generating opportunities of DeFi and presents it to users seamlessly so that they do not have to bother with any technical jargon. As such, we have streamlined the DeFi processes without imposing extra fees or initiating systems that would dilute its elements of decentralization.

Ethereum 2.0 use case

When you’re not a tech-savvy crypto enthusiast, it is very difficult to stake Ether. Staking pools have already surfaced to address several issues. They save ETH Hodlers from registering as validators by immediately staking 32 ETH and waiting for the lock-up period to end. However, 12% APY returns appear low in the crypto world, even if it’s in Ethereum.

An operation with a 142% APY is only made possible thanks to the EGG Protocol and its ability to generate rewards even when you stake another coin. 

Cocoricos advantages to stake ETH:

  • Receive two rewards (ETH + EGG) instead of one.
  • No need to deposit 32 ETH anymore.
  • Benefit from Ethereum’s price variation.
  • Stop staking whenever you want.
  • Guaranteed rewards after the locking period.
  • Cocoricos’ fee: 0.00%.
  • Reduce the gas fee by sending a simple token instead of staking by yourself.
  • Track rewards in real time from your profile.

How to participate?

The team has made it easy for participants to join the ETH staking.  

About Cocoricos

Website: https://cocoricos.io

Whitepaper: https://cocoricos.io/whitepaper

Telegram: https://t.me/bycocoricos

Github: https://github.com/Cocoricos

Email: [email protected]

Original Source: Cointelegraph

votes
Article Rating

Read More About:

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on tumblr
Share on telegram
Share on whatsapp

Related Posts

Subscribe
Notify of
guest
0 Comentários
Inline Feedbacks
View all comments