The derivatives landscape offers “tantalizing” opportunities for stakers, according to Kent Barton of ShapeShift. But that doesn’t mean there aren’t risks.
In a newly released report, Swiss cryptocurrency exchange ShapeShift explores the potential role of so-called “staking derivatives” in addressing some of the challenges posed by Proof-of-Stake, or PoS, protocols. Yield Unchained: Exploring Staking Derivatives shines the spotlight on existing challenges with POS protocols – namely, the opportunity cost that comes with locking up capital in a consensus mechanism. Staking derivatives, the report says, allows users to combine the benefits of staking returns and the ability to deploy their capital in DeFi and other protocols. “Staking derivatives offer a tantalizing, best-of-both-worlds approach where users can enjoy both staking returns and the ability to leverage their capital in DeFi and other applicatio
Bitcoin Will Reach $120K Before 2025, Standard Chartered Predicts
The British bank believes miners will soon begin hoarding their coins and choking off available market supply. Czytaj…