Earn Network has officially integrated Decimal to offer an easy and efficient way for all projects deployed on the Decimal network to implement staking mechanisms for their assets.
Decimal, a rapidly expanding EVM-based network with more than 220 assets deployed on it, and Earn Network’s DeFi Staking are complementary to each other, providing a competitive advantage over other base-layers. The integration aims to facilitate increased adoption and expansion of the entire Decimal ecosystem while promoting network security and preventing centralization.
DeFi Staking and its Benefits for the Entire Decimal Ecosystem
With the implementation of Earn Network’s DeFi Staking on the Decimal network, the benefits are extended to the assets deployed on it. The integration delivers an easy and accessible environment to launch customizable and easy-to-manage staking smart-contracts via a simple dashboard. Projects can quickly and easily launch their staking solutions, providing staking as an added benefit to their users while focusing on developing their core offerings. Teams can deploy two comprehensive staking methods: Locked & Flexible, which will save them thousands of dollars on developing and auditing dedicated staking smart-contracts.
Newly launched staking solutions will also be exposed to a huge niche audience of over 145,000 stakers via the MyCointainer & Earn Network platforms, providing increased liquidity and a larger audience. The partnership will attract new users interested in earning rewards through staking, leading to increased adoption, expansion and driving network growth.
The Earn Network is committed to providing regular users with a simple, intuitive, and decentralized DeFi experience. As part of this commitment, the range of assets and staking options are extended, which is possible thanks to official partnerships with projects such as Decimal. The following integration will benefit both the native Decimal network and individual projects looking to offer staking as a service for their assets.
Launch of DEL staking pools
Finally, DEL is also supported on our DeFi Staking product with Locked & Flexible Staking pools. This incentive is designed to provide high rewards, short duration, and limited time, making it a great opportunity for users to earn outstanding rates.
How to start staking DEL with DeFi Staking pools?
Now, we will walk you through the simple process of interactions with Decimal (DEL) pools so you can easily stake your tokens and earn yield in a decentralized manner.
1. Go to the Decimal Offers Page.
2. Click “Connect Wallet” - the MetaMask modal will appear. Right after connecting, you’ll be able to check your account balance together with funds that interact with our DeFi Staking pools.
NOTE: The first wallet supported by our platform is MetaMask. Make sure you have your funds there (and some extra DEL for fees).
3. Select the offer of your interest and click the “Stake” button next to it.
NOTE: Earn Network supports Locked & Flexible Staking pools for DEL. Differences between methods can be checked in our Whitepaper.
4. After clicking “Stake” a window will pop up. The next step is to input the number of tokens you wish to stake. Now you need to click “Approve DEL” as the first transaction, set the spending amount, and then confirm it with your MetaMask wallet.
5. After the approval transaction is completed, click on the “Stake” button and confirm it again with your MetaMask wallet.
6. Congratulations! You have successfully staked your tokens.
NOTE: You can always check the summary of your staked funds, as well as pending and available to claim rewards at the Wallet component.
We believe that adding Decimal to the Earn Network will greatly impact the Decimal network and individual projects looking to offer staking as a service for their assets. With its accessibility and ease of use, DeFi staking can boost liquidity and gain a competitive advantage for Decimal and its partners while providing users with attractive rewards and benefits in the staking experience.