SX #68 - LiquiStake Launches on SX
Plus Bitmart exchange lists SX token & $10k Betting Tournament
💧LiquiStake launches on SX Network!
We’re excited to announce the launch of LiquiStake on SX Network mainnet! LiquiStake is the first liquid staking protocol for SX Bet.
What is LiquiStake?
Liquid staking enables users to stake their native SX tokens while avoiding the 30-day unstaking cooldown period. It does this by enabling stakers to access liquidity directly, by providing them with a transferrable token in exchange for their staked tokens.
How does LiquiStake work?
LiquiStake stands out as the first and only liquid staking protocol on the SX Network, offering a unique blend of security, simplicity, and liquidity.
Users can now stake their WSX tokens effortlessly, receiving stWSX in return, which represents their stake and accrues value through daily staking rewards.
What does this mean for me?
LiquiStake is in the early stages of their growth. Their team has hinted towards an airdrop of their native governance token at some point, with the idea being to reward users that help grow the platform in it’s early days.
To use their platform, you need to:
Stake WSX on LiquiStake to mint stWSX
LiquiStake has been the major driver behind the recent growth in the wstWSX/WSX pool on SharkSwap, which now sits at over $200k of TVL:
Stay tuned for more information on LiquiStake in the near future. As always, remember to do your own research with regards to using any DeFi platforms. LiquiStake has been audited by Zokyo, but there is inherent risk whenever interacting with any DeFi platform, particularly new ones.
🆕 Bitmart Exchange lists SX token
SX is officially available for trading on BitMart Exchange. This marks a significant milestone for SX, broadening the accessibility and liquidity of SX. Check out the SX/USDT market on Bitmart here. There are a number of exchanges and platforms interested in SX now that the token has been recently made available on Ethereum mainnet.
🏆All Sports Battle Tournament
SX is back with ANOTHER All Sports Battle! Compete with other users to win your share of $10,000 in bet credits simply by betting on your favourite sports! Who doesn’t love bet credits on top of their winnings?
This is a RETURN-style tournament, make a minimum of 5 bets to qualify.
About SX Network
SX Bet is the largest blockchain betting platform in the world, with over $425,000,000 in betting volume since its inception.
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Great Project Congratulations