Entropyfi
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Entropyfi

Sustainable Single Token Staking by Entropyfi 2.0

What is single token staking?

Single token staking is a type of staking program where the users are invited to stake the project’s native token and earn more of the native token. The reward rate will fluctuate based on how many of the native tokens are staked at the time. In addition, single token staking can also have a vesting component in it, where the number of tokens that the users earned will be gradually released to the users. Some single token staking model also emits additional rewards if the user decides to lock their tokens for an extended period of time.

How is Entropyfi 2.0 improve the single token staking?

Entropyfi 2.0 improves the single token staking experience by making it…

  1. More enjoyable
  2. More sustainable

In Entropyfi 2.0, users are able to stake their tokens to enter into hodl-to-earn mini-games, such as guessing the trading volume or floor price of major NFTs, the revenue of gaming DAOs, behaviors of CT celebrities, or governance voting results of protocols. These hodl-to-earn mini-games makes staking more than a monotonous process of clicking buttons, but also make staking fun and engaging. On top of that, Entropyfi 2.0 will over these mini-games in both lossless and loss-realized formats, allowing users to pick which games they want to play.

Entropyfi 2.0 is making staking more sustainable, from the project’s perspective. Borrowing from Olympus DAO, Entropyfi 2.0 will include a bond component to raise funds for the protocol-controlled-vault, called Entropyfi Endowment. This Endowment will have the ability to perform asset management tasks and grow its assets via various yield platforms, such as DEX or lending platform. The Entropyfi Endowment will use the interest generated and (occasionally some of its principal) to reward the winners of the mini-game. The benefit of giving out rewards from the interests generated by a PCV, rather than directly with the protocol’s native token, is the long-term sustainability for the project.

How Entropyfi 2.0 helps our partner?

Entropyfi 2.0 first started as a project to develop a sustainable, gamified single token experience for $ERP holders. As the Entropyfi team planned out the product, the team realized that Entropyfi 2.0 can also be offered as a service to our partners. For example, any protocol that has a native token can participate in the Entropyfi PRO program and setup its own dedicated Endowment. The users of the protocol can then stake the native token, play mini-games, and receive rewards funded by the dedicated Endowment.

We at Entropyfi are confident that Entropyfi 2.0 can provide a valuable service to our partners. Our partner can benefit from the sustainable gamified staking program that Entropyfi 2.0 could offer.

About Entropyfi

Entropyfi is building a hyper-competitive platform offering gamified yields. Entropyfi’s vision is to transform the staking into a thrilling experience and to entice long-term hodlers with our unique hodl-to-earn (H2E) mechanism. With Entropyfi 2.0 launching right around the corner, we invite you to follow us for the latest information.

To learn more about Entropyfi, visit our website and our Medium. Visit Entropyfi’s Gitbook for developer guide and user guide in our Gitbook Docs. For regular updates follow our Twitter and join our Telegram and Discord community.

| Website | Medium | Gitbook | Twitter | Discord |

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With Entropyfi, you can engage in market speculation without putting principal at risk

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Entropyfi

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Entropyfi 2.0 H2E coming soon

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