AscendEX Earn is a one-stop service center, where users can learn about the range of investment opportunities available on AscendEX. The service provides users with comprehensive resources to aid in strategizing and making informed decisions regarding digital assets.
The term “staking” comes from Proof-of-Stake (“PoS”) blockchain networks. PoS blockchain networks rely on validators to operate full-nodes in order to participate in various consensus mechanisms, thus promoting network security and resilience. In return for their contribution, validators earn block rewards. Individual holders can also delegate assets to validators for a pro rata allocation of block rewards earned.
How it works？
AscendEX’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. AscendEX aggregates users’ staking interest and delegates assets to trusted validators on their behalf. Simply click the “Delegate” button, and users will begin earning staking rewards.
Can I stop Staking anytime? Is there an unstaking period?
Unlike most staking services, AscendEX allows users to recover their staked assets at any time. This convenience circumvents prolonged unstaking periods.
Why does DeFi Yield Farming generate more considerable income?
There are usually two sources of yield for a “Farmer”: (1) fees or interests distributed to “Farmers” for allocating capital (i.e., “contributing liquidity”) to pools, and (2) additional DeFi token rewards issued and distributed to farmers. The aggregate yield for a farmer is therefore more lucrative given multiple revenue streams. Additionally, yield farming often involves leveraged strategies, for example, participating in yield farming with borrowed funds can allow farmers to further increase capital allocation to a particular DeFi protocol, thus further maximizing yields.Leveraged yield farming strategies of course bear higher risk. Higher yields are not likely to sustain forever, especially given that most of the yields come in the form of additional DeFi token reward issued, wherein token price is highly volatile.Furthermore, as yield farming gains more widespread adoption within the cryptocurrency ecosystem, yields will likely decline.
Can DeFi Yield Farming assets be withdrawn at any time? Is there an unstaking period?
Users can withdraw from mining to redeem assets at any time. Despite the ability to vacate at your convenience, an unstaking period for the redemption varies from project to project. In addition, fees are to be associated with the withdrawing of assets prior to the unstaking period.
What is ASD ecosystem?
ASD is a utility token issued through the AscendEX platform. Holding ASD can upgrade an account to VIP while enabling users to secure lower fees. HODLers can receive a USDT return on a daily basis by investing in ASD financial products, enjoy a 50% discount on margin interest using the Point Card, participate in auction events using ASD, and more.