Currencies28087
Market Cap$ 2.76T-0.26%
24h Spot Volume$ 58.92B-6.46%
BTC Dominance49.88%-0.34%
ETH Gas25 Gwei
Cryptorank
Report issue
ClayStack

ClayStack CLAY 

163 Watchlists

DeFi

Status

General Info

Tags (Sub-Categories):

#Token

Funds and Backers

Description

ClayStack is a decentralized liquid staking platform that enables you to unlock the liquidity of staked assets across multiple chains.

Additional Data

Total Supply

CLAY 2,500,000,000

ClayStack Price Analysis

What is ClayStack?

ClayStack — Staking ReDeFined

ClayStack opts for a novel approach towards staking. We use oracles and relayers to have interchain communication possible with any blockchain.

Users deposit tokens to ClayStack smart contracts and mint the equivalent derivative token directly on Ethereum.

The tokens are staked to the professional validators, and the rewards are sent daily to all the derivate token holders. Users can further use the derivative/synthetic tokens in DeFi applications and maximize their earning potential.


How it works

  • We use chain agnostic oracles for real-time inter-chain communication

Stake

  • Deposit your tokens on ClayStack smart contracts and earn staking rewards

Mint

  • Mint 1:1 ERC20 derivative tokens against your staked tokens and unlock liquidity

DeFi

  • Use your derivative tokens to trade, lend, or farm for additional rewards

Redeem

  • Burn fungible derivative tokens and receive (staked) tokens in your wallet


Features

  • 1:1 staking derivatives that are fungible, transferable, and tradable.
  • Liquidity providers earn incentives through CLAY tokens to make derivatives markets liquid.
  • Multi-blockchains support, enabling you to engage with different blockchains at no extra cost.
  • Everything is transparent and executed on-chain.
  • No lock-up periods. This means you can sell or transfer your staked tokens whenever you want.
  • No minimums — you can choose to stake as many tokens as you want.
  • No compromise with the network’s liquidity, especially during market volatility peaks when investors invest their tokens in other applications.


Trending Coins and Tokens