Veno Finance introduces a groundbreaking solution by providing liquid staking services for a variety of tokens, such as CRO and ATOM.
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Veno revolutionizes staking on Cronos with its innovative liquid staking protocol. By providing liquid staking services for various tokens like CRO and ATOM, Veno empowers users to maximize their yields from proof of stake tokens. The protocol achieves this by automating reward compounds and sharing transaction costs among participants.
One of Veno’s standout features is its ability to enhance liquidity through liquid staking derivatives, namely LCRO and LATOM. These derivatives can be utilized and exchanged seamlessly within the Cronos ecosystem, offering users significantly higher liquidity compared to traditional staking methods.
Moreover, Veno introduces a unique concept where unbonding staked tokens generates a valuable NFT. This NFT represents the user’s unbonding position and can be freely traded at any time. This feature adds an extra layer of flexibility and potential value for users.
In summary, Veno on Cronos is a game-changer in the staking landscape. It enables users to earn higher yields, enjoy enhanced liquidity through liquid staking derivatives, and even trade their unbonding positions as tradeable NFTs.
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