Yearnlab staking platform is ready to go Live
Staking is referred to the act of pledging your funds in a cryptocurrency wallet in exchange of rewards.
The process of staking involves locking up your crypto assets in order to act as a validator for a certain transaction in a decentralized crypto network. It is one of the service that we offer you at Yearnlab. Through staking you will be able to make money on your digital assets while sleeping. This passive source of income is just one of the many benefits of vigilantly utilizing your digital assets. In order to fully understand the perks of staking, you need to have clear understanding of how staking work. For this purpose, let me break it down for you.
What is staking?
In simple words, staking is holding your funds in a digital wallet, once you hold up your funds for a certain time period, you start receiving compensations accordingly. To put it simply, Stake are like share that companies offer to receive funds for the project. Similarly staking in crypto is as, if a crypto asset custodian requires funds to validate a transaction, they offer stake or bonds in return of required funds via a proof-of-stake network protocol. During the time of staked funds, you cannot use your funds. Does this mean that any individual with even one token in his wallet can stake it to become a validator? The answer is obviously, NO. To become a validator and earn rewards through staking you should have a certain amount of tokens in your wallet. For example, in case of Etherum 2.0, you need to stake at least 32 ETH.
The need for intermediaries in the blockchain industry has been a great concern over time. Trusted intermediaries such as exchanges facilitates acquiring digital assets for both individuals and enterprises. It provides an opportunity to digital asset holder to earn through utilizing their idle crypto funds. Most funds during bear markets remain idle while the market is going through a dip, staking as a service provides an opportunity to invest these funds during such turbulent times.
- You can stake your $YLB at any time you choose. You can stake any amount of $YLB you wish;
- Once staked, the contract will deliver a reward continuously for as long as tokens remain staked;
- You can withdraw any amount of staked $YLB tokens without any locking period.
- You are free to stake additional amounts at any time;
- Yearnlab is offering 150k+ APY on staking YLB tokens
Staking platform is ready to go live after presale ends, please visit: https://stake.yearnlab.com
How does staking works?
The higher the number of staked digital assets, the higher the reward will be. These rewards are then distributed on-chain, meaning that the process of earning these rewards in completely automatic and is not violated by any interruptions from a third party. These rewards can be assumed as a voting right of the validators. Staking is a less resource-intensive alternative of mining. One other concept to understand staking is proof-of-stake. It is a consensus mechanism that allows the blockchains to operate energy efficiently meanwhile, maintaining a decent degree of decentralization.
If you are already familiar with the working of bitcoins, you must have also known about proof-of-work. PoW is a mechanism which allows transactions to be gathered as blocks. Miners compete to solve a complex mathematical puzzle, the one to solve the mathematical puzzle first gets the right to add the block. These blocks combine together to make a blockchain. Each time a new block is validated, raw tokens of that currency are minted and distributed among stakers as a staking compensation. However, Proof-of-work involves a lot of arbitrary computation that leads us to the problem of higher computational cost. Proof-of-stake is a counter response mechanism for this problem at hand. Proof-of-stake is used to make sure participation in blockchain consensus through utilizing the assets of validators as collateral. Additionally, validators are selected randomly to create a block. Unlike proof-of-work where miners compete to add a black, in proof-of-stake, to become a validator, asset holders needs to lock up their funds in their crypto wallets. If proof-of-stake is assumed as a democracy, tokens are then referred as votes. The number of tokens for each validator determine the extent of influence of their vote on a particular consensus.
What are we offering you?
Through providing staking as a service, platforms are enabled to add value to client’s holdings. Staking plays a pivotal role in keeping these platforms decentralized and secure. It benefits both retail investors and enterprises. It provides them an opportunity to invest their idle funds during uncertain market movements. It offers return of 109837% or more per year. This return is more than that offered by most banks. The idea of investing idle crypto assets for a 109837% annual rate of return is quite lucrative.
Besides offering lucrative return, staking as a service is user friendly. It enables users to participate in a staking network from their respective platforms. As compared to, manually choosing the right staking pool. Each pool has its own fee structures. These complexities take away the essence of staking if done manually.
An additional concern that staking as a service counter is that of inflation. In most scenarios cryptocurrency holders complain of their funds getting diluted due to an increased supply in the market. Staking counter this concern through increasing value as circulating supply increase. That being said, by participating in staking on PoS blockchain networks, overall value of the user’s crypto funds increases with the increase in inflation. Through staking, crypto asset’s value is directly correlated to inflation. Consequently, staking as a service will provide dual effects, a reward for staking funds and security from the negative effects of inflation pressure.
Staking as a service
At Yearnlab any participants will be able to create their own token with their desired names. These token will then be backed by Yearnlab. You will be able to use your newly generated tokens to setup your staking pool. Here you will be able to earn substantially higher APYs on your staking pools, compared to holding your funds in other means of financial markets. Apart from many other facilities, offering staking as a service will enable our customers to utilize their funds efficiently. Staking represents an efficient intriguing idea in both governance of yield farms and investment. It will hopefully open more doors for greater opportunities in the future. We are delighted to provide our customer with best facilities.
This will be a dynamic list of the most requested questions around staking.
Why APY is dropping?
There are limited amount of tokens that are supposed to be distributed across staking pool, that means if amount of stakers increase, it effects the distribution ratio and thus decreasing APY.
Is there any time limit to unlock staking tokens or reward?
No you can unlock tokens/rewared at any time.
Tax Fee on withdrawal of reward tokens?
Standard fee applicable only, we will not charge additional tax fee.
Where I can get YLB tokens ?
You can participate in presale NOT LIVE YET for more detail visit our official website
When will staking platform launch?
The platform will be available to stake $YLB tokens after market initialization of YLB over Pancakeswap.