Flashstake: An Upfront Yield Protocol Powered by Time

By April 5, 2021DApps
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This press release was orginally distributed by SBWire

Riga City, Latvia -- (SBWIRE) -- 04/05/2021 -- Flashstake is a Proof-of-Time (POT) powered yield-generating protocol that allows users to earn instant, upfront interest on their capital.

A New Way to Stake | Flashstaking

Whereas traditional finance pays out interest either gradually during the period or not until maturation, Flashstake disrupts the DeFi (decentralized finance) space by allowing users to receive the interest instantly.

The protocol locks the user's funds in a smart contract for the duration of the stake and pays out the full yield amount for that period instantly to their cryptocurrency wallet, all in the same transaction. The user can stake their funds for as little as a few minutes or as long as multiple years.

For example, a user who staked $1,000 worth of FLASH tokens for one year with an annual interest rate of 30% would instantly receive $300. When the staking period ends, the user also receives their locked tokens back.

Flashstake Dapp

Yield can be received in the form of any of the ERC-20 tokens available on the Flashstake dapp. Much like an AMM (automated market maker), the Flashstake dapp hosts liquidity pools with various ERC-20 tokens. Current options include Ethereum, DAI and Blockzero Labs' XIO token. However, users or projects themselves can add liquidity pools of any token.

Improving the protocol

The protocol has already surpassed 12 million USD TVL (total value locked) since launching at the start of 2021. However, the team is constantly looking for ways to improve.

The biggest long-term goal for improvement of the Flashstake Dapp is the Zynthetic upgrade, which will unlock the ability for any token to be staked on the dapp, not just the native FLASH token.

About Flashstake
The team behind Flashstake is Blockzero Labs, known for tokens such as BOMB, XIO, FLASH and their upcoming token AQUA. With a proven track record they are determined to be behind the next generation of decentralized projects.

About Cryptoshib
Criptoshib tries to keep crypto enthusiasts updated with the latest happenings and stories from the crypto world. We try to post stories about projects and people of the crypto and blockchain communities from around the world.

Media Contact

David Baker
Email – hello@blockzerolabs.io

For more information on this press release visit: http://www.sbwire.com/press-releases/flashstake-an-upfront-yield-protocol-powered-by-time-1334154.htm

Media Relations Contact

Shibashish Nandi
Media Relations
Email: Click to Email Shibashish Nandi
Web: https://cryptoshib.com/flashstake-upfront-yield-protocol/

Riga City, Latvia — ( SBWIRE ) — 04/05/2021 — Flashstake is a Proof-of-Time (POT) powered yield-generating protocol that allows users […]

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