Stake Capital, a popular DeFi and staking service provider, will be a KyberDAO Pool Operator and launch partner, providing a convenient, trustless, and secure way for users to stake KNC and delegate voting power to them and easily claim their ETH rewards, according to a post on its official Twitter account on June 1.
? @StakeCapital partners with Kyber to provide convenient KNC staking services! KNC holders can delegate their @KyberDAO voting power and earn ETH rewards via a trustless process. Users maintain full control over their KNC tokens and rewards. Learn more: https://t.co/sVguo07ZLO
— Kyber Network (@KyberNetwork) June 1, 2020
Stake Capital will be taking a position in KNC, and actively participate in Kyber governance themselves, playing an important role in the long term success of the project.
KNC (Kyber Network Crystal) holders can delegate KNC voting power to Stake Capital and earn rewards in ETH.
The KyberDAO — a decentralized community platform for KNC token holders to participate in protocol governance. KNC holders can stake their tokens, participate in governance, and earn ETH rewards. Unlike other DeFi protocols, Kyber will be the only one that has a deflationary staking token through which ETH rewards and token burns are determined by actual network and DeFi usage.
Kyber Network is the most used and integrated decentralized finance (DeFi) protocols in the world, with over US$1Billion worth of transactions facilitated since its launch. Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem.
Read more:
- Kyber Network Is Surging Exponentially Amid A Major Protocol Upgrade That Will Occur Later This Year
- Kyber Network Announces Plans For ‘Katalyst’ Protocol Upgrade With New Token Model