Mintlayer Unveils High-APY Staking Program to Boost Decentralized Finance on Bitcoin Sidechain
Mintlayer's Staking Initiative
Mintlayer's new staking platform aims to widen user participation and engagement in token staking activities.
Key Features:
- The platform boasts an exceptional Annual Percentage Yield (APY) of around 198%.
- Users can either delegate tokens to existing pools or create their own for higher potential rewards.
- The program, designed for accessibility, requires a minimum of 1 ML token. Running a node and holding 40,000 ML tokens offer higher rewards.
Enhancements to Mintlayer's staking program are set to attract more users, fostering increased network engagement and promoting decentralized finance on the Bitcoin sidechain.
ML on the Bitcoin Sidechain
The ML token not only secures the Mintlayer network through staking but also functions as a means to cover transaction fees on the Bitcoin sidechain. Mintlayer's emission schedule mirrors that of Bitcoin, and it serves as a foundation for developing various financial applications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.