The DeFi industry experienced an explosive boom all through 2020.
Starting in the first quarter of 2020, the DeFi sector locked in more than $1 billion, and by the close of September, it surged past $10 billion.
The bull market catalyzed DeFi's meteoric rise, attracting a slew of crypto aficionados and entrepreneurs. Concurrently, 2020 witnessed a spike in newly launched crypto coins utilizing a Proof of Stake (PoS) protocol due to the rising costs and complexities of crypto mining.
Today, innovators like Tosdis Finance are converging these concepts, offering DeFi as a Service.
Please Note: This is a Press Release
What is Tosdis Finance?
Tosdis It's the pioneering decentralized network that effectively navigates across various blockchains, paving the way for its mass appeal.
With Tosdis Finance’s offerings, crypto enthusiasts can stake their preferred digital currencies across an array of blockchains like Polkadot, Ethereum, EOS, Tron, Chainlink, among others.
Created in the second quarter of 2020, the Tosdis Finance team is rapidly achieving their development goals, with their project poised for launch by the end of 2020 and the release of staking-as-a-service for BSC and Polkadot anticipated in Q1 2021.
Staking-as-a-Service explained
But what is staking-as-a-service, and how does it benefit crypto enthusiasts?
Think of it as an enhanced version of the Proof of Stake (PoS) protocol. While PoS let users stake tokens on a specific blockchain, staking-as-a-service allows coin staking across a multitude of platforms.
Tosdis EasyStake provides a lightning-fast and cost-effective network compatible with any ERC-20 tokens, enabling projects to let users stake tokens and receive rewards. This network is driven by the TosdiS Token, where platform fees fuel a deflationary mechanism that burns tokens.
This setup promotes sustainable operation of the project and ensures long-lasting utility for the TosdiS token.
Incorporating Liquid Staking into the DeFi ecosystem.
Beyond staking-as-a-service, the Tosdis Finance team is dedicated to enhancing the DeFi sector by introducing liquid staking. This approach clusters users' staking assets based on project involvement, enabling usage across multiple financial products simultaneously.
Once users select their digital asset and chosen blockchain for staking, they receive a derivative to trade across numerous blockchains, offering greater freedom in secure and seamless asset management.
By expanding financial autonomy for users, liquid staking simultaneously accelerates DeFi's evolution by locking in additional funds and propelling the sector forward.
Exploring the advantages of Tosdis EasyStake.
Among the standout benefits of their service is the potential for long-term yield. The staking mechanism functions much like a savings account—the longer you stake, the greater your returns.
Moreover, via liquid staking, crypto holders can manage their assets with greater ease, safety, and efficiency, all while driving DeFi's advancement.
The team's early 2021 plans also include launching Yield Farming as a service, equipping projects to support their users in earning yields through ERC20 token farming.
Furthermore, the platform will unveil Liquid Staking for numerous PoS coins, offering users a pathway to tokenize their assets and further ease their access to DeFi.
Stay updated on project developments by following their updates via various social media platforms:
- Twitter: https://twitter.com/TosdisFinance
- Medium: https://tosdis-fi.medium.com
- Telegram: https://t.me/Tosdis
- Telegram ANN: https://t.me/TosdisAnn
- Website: https://tosdis.finance/
