sTLOS Liquid Staking on Telos EVM Offers 13% APY
Crypto staking is a method of earning passive income that does not require daily effort after an initial investment. What makes crypto staking even more appealing is that it can provide returns that exceed those available in a savings account.
In September, sTLOS liquid staking became available in the Telos EVM, offering many of the same benefits as other liquid staking protocols but with a great benefits.
Why sTLOS Liquid Staking?
Looking at the staking rewards on other blockchains, I can say that Telos has the highest, at 13% APY. It has a 10-day unstake period, which is very appealing because it means we can access our funds more quickly. It is also secure because Sentnl audits it.
Here are the sTLOS Liquid Staking Options and Benefits.
If you want to stake for sTLOS and keep the receipt token in your wallet, your staking rewards will be compounded automatically.
Since it is transferable by nature, sTLOS can be traded or sent to other accounts. In the event of an immediate sell requirement, this feature gives holders more flexibility (Liquidity pools will be required to instantly sell sTLOS for TLOS; however, a premium may need to be paid during periods of high demand.)
In exchange for staking their tokens, TLOS holders can provide liquidity to sTLOS/TLOS in order to support swap pairs. As a result, they will incur a significantly lower impermanent loss while earning staking rewards, trading commissions, and additional farming rewards.
Through lending and borrowing dAPPs, users can increase their yield by using their sTLOS as collateral. Professional DeFi users can significantly increase yields by having the option to borrow additional TLOS and stake those tokens for sTLOS, which can be added as additional collateral. (Be careful; there is a high risk of liquidation, particularly in today's tense and volatile markets.)
Aside from sTLOS staking, Telos network has a REX staking for Telos native users. Both sTLOS and REX staking has 13% APY.
These are the helpful links that might help you if you want to stake on sTLOS.
This is a complete guide for staking. https://docs.telos.net/learn/defi_guide/staking_sTLOS/
If you are looking for video tutorial on how to stake, you can check this out: https://twitter.com/Etselec23/status/1574599204910944257?t=8Yf9Yd-hX6gz__S5ANAsFA&s=19
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