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Dec 22 β€’ 13 tweets β€’ 7 min read
Are yield farms really dead? πŸ’€

Are there lush green fields where people could put their money to work for them? 🌲🌲🌲

Let's dive into @OKCNetwork's recently launched liquid staking product πŸ‘‡
First, what is @OKCNetwork (OKX Chain)?

πŸ”Ή An EVM- and IBC-compatible L1 built on @cosmos and is backed by @okx. It is:
πŸ”Έ Interoperable
πŸ”Έ Has high performance
πŸ”Έ Is scalable with low gas fees

πŸ’ͺ The blockchain is powered by the #OKT Token
The #OKT token is...

πŸ”Ή A hard-capped, scarce asset that is used to pay gas fees
πŸ”Ή Secures the #blockchain through dPoS staking
πŸ”Ή Has a similar halving model like #BTC
πŸ”Ή Staking generates rewards for users πŸ’°

However...
...Conventional staking products have some limitations 😩
The #DeFi ecosystem on OKC is growing πŸ‘ˆ

🚨 A conventional staking product for #OKT is inaccessible, illiquid, and capital inefficient
πŸ’‘ There's a need to provide OKC users an effective and flexible way to utilize the #OKT token!
Enter the OKC Liquid Staking protocol

πŸ”Ή Users stake #OKT and receive #stOKT (staked OKT)
πŸ”Ή stOKT can be deployed on other on-chain #DeFi protocols
πŸ”Ή This makes OKT more accessible, liquid, and capital efficient!
πŸ”Ή stOKT can also be swapped into OKT on OKX DEX for liquidity
Features

πŸ”Ή Similar to other liquid staking products on other chains, so users will have instant familiarity
πŸ”Ή First ever liquid staking product on OKC
πŸ”Ή Offers up to 40% APR

40% APR? Hmm...
There's a saying that if you don't know where the yield comes from, you're the yield. So where does the yield come from? 🧐

πŸ”Ή Comes from the redistribution of the validator block rewards
πŸ”Ή OKC is based on DPoS + Tendermint consensus
πŸ”Ή Each staked #OKT can vote for multiple validators nodes
πŸ”Ή Each node should send a portion of their mining rewards proportional to the votes they received
Fancy upgrading your knowledge and winning some tokens at the same time?

For a limited period only, learn about OKC Liquid Staking, take a Quiz & stand to win some #OKT πŸ‘‡

givelab.com/UkyXS5/learn-a…
The #OKC Liquid Staking Product is live and is accessible here πŸ‘‡

okx.com/okc/liquid-sta…
This tweet thread is created from a partnership between @CRE8RDAO and @OKCNetwork

⚠️ As always, DYOR before investing in any product
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The Reading Ape | Podcasts to Notes Profile picture
Dec 21
This year, we have experienced plenty of market crashes, ranging from LUNA, 3AC, Celsius, to FTX. πŸ“‰

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Dec 20
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Dec 19
. @arbitrum started out as a class project at @Princeton

How did it grow and become what it is today?

In this episode of @investinalts, host @benlakoff speaks to @sgoldfed of @OffchainLabs πŸ‘‡ Image
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πŸ”Ή Got into crypto in 2013 while doing his PhD in cryptography and computer science at Princeton
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Dec 13
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Dec 12
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Dec 2
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