DUBAI, AE – 25/01/2025 – (SeaPRwire) – In a groundbreaking development within the decentralized finance (DeFi) landscape, Prime Numbers Labs has launched PrimeStaking, a state-of-the-art liquid staking solution exclusively designed for the XDC Network. By leveraging cutting-edge blockchain technology, PrimeStaking dismantles traditional barriers to entry, enabling all XDC holders to seamlessly stake their assets, earn significant rewards, and actively participate in the growing XDC ecosystem.
The PrimeStaking initiative addresses critical challenges faced by potential participants in the XDC Network. Historically, becoming a masternode operator required a substantial 10 million XDC stake, adherence to stringent Know Your Customer (KYC) regulations, and advanced technical knowledge. These requirements created a high barrier, excluding many from engaging with the network. PrimeStaking introduces a solution that removes these obstacles, empowering users of all levels to stake their tokens and receive rewards without the need for complex configurations or technical expertise.
A Deep Dive into Liquid Staking and Its Impact
PrimeStaking’s innovative liquid staking process allows users to generate XDC Vaults via a streamlined staking platform. This mechanism offers a simplified yet highly effective method to stake XDC tokens. Once staked, users receive pstXDC tokens on a 1:1 basis, serving as a liquid staking derivative. These tokens unlock further opportunities in DeFi, including use in various protocols while the original XDC tokens continue to generate rewards in the background.
The introduction of XDC Vaults delivers several advantages. By removing the need for direct masternode operations, users avoid the significant technical and financial hurdles typically associated with staking. Prime Numbers Labs manages all backend operations, ensuring a cost-free and user-friendly experience for participants. Built with scalability in mind, these Vaults support a large user base and adapt seamlessly to protocol updates, ensuring long-term reliability.
Transparency and security lie at the heart of PrimeStaking’s design. All transactions are recorded on-chain, providing users with an immutable record of their activities. Moreover, audited smart contracts safeguard funds, ensuring users have peace of mind as they engage with the platform.
Masternode Vaults: Simplifying High-Stake Participation
For users who hold the requisite 10 million XDC tokens, PrimeStaking offers an advanced solution through Masternode Vaults. This feature allows participants to enjoy the lucrative rewards of masternode operations without dealing with the complexities of setup or ongoing management. By leveraging PrimeStaking, users receive 7.65% of the annual percentage yield (APY) directly, while Prime Numbers Labs retains only 0.35%. This approach maximizes participant returns while minimizing operational burdens.
A Paradigm Shift for DeFi Accessibility
PrimeStaking exemplifies Prime Numbers Labs’ commitment to innovation and accessibility in decentralized finance. By offering user-centric solutions that cater to both novice and experienced participants, the platform is poised to drive wider adoption of DeFi technologies on the XDC Network.
About Prime Numbers Labs
Prime Numbers Labs is a trailblazer in the decentralized finance sector, spearheading transformative projects such as PrimeFi. This omnichain lending and borrowing protocol seamlessly integrates with Hyperliquid, enabling users to access unparalleled liquidity across blockchain ecosystems, including Arbitrum, Base, and BNB Chain. PrimeFi harnesses the power of LayerZero technology to minimize risks while enhancing cross-chain liquidity.
About the XDC Network
The XDC Network is a robust blockchain platform purpose-built for trade finance and real-world asset tokenization. With its Ethereum Virtual Machine (EVM)-compatible Layer 1 architecture, it employs a delegated proof-of-stake (dPoS) mechanism to deliver rapid transaction speeds, low gas fees, and exceptional scalability. The network supports enterprise-grade applications, offering a secure and efficient infrastructure for diverse blockchain initiatives.
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