Why Stakeeasy?

Just before I get started, this might be your very first time coming across a word such s StakeEasy, well I am not shocked because it is a dapp on Secret Network.

What do you make of that? Secret Network? StakeEasy is not being heard by you because it has been on a Secret Network. Well, today it comes to lamplight.

What is StakeEasy?

According to stakeeasy.finance, StakeEasy is a privacy-preserving liquid staking solution for Secret Network.

Due to the delegated proof of stake nature of Secret Network, its native token holders are allowed to stake their tokens in order to earn passive income from transactions being processed by their validators.

This delegating came with a shortcoming which was delegators had to manually re-stake their accrued interest which would also mean spending a whole lot of fees and always coming back to re-stake tokens after a period of time.

Here comes the question, why StakeEasy?

Well, just as the name goes ( Stake easy ), stakeeasy just eliminates a whole lot to make life favourable to delegators. They came up with the auto compounding principle, in which a delegator doesn’t even need to manually re-delegate, the platform does that for Him/Her automatically.

Also, StakeEasy gives delegators a liquid token which could be used on other protocols such as liquidity, collateral etc.

In a bid to increase security, StakeEasy employs a 21-day lock period in case of long-range attacks on the network.

What are you waiting for? Auto-compound your funds with StakeEasy