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agresthe
19-12-20, 07:51 AM
As we’re drawing closer to Ethereum’s highly-anticipated ETH 2.0 upgrade and the transition to a proof of stake (PoS) mechanism, interest in staking crypto is growing.
Tosdis builds on Ethereum’s core concepts of open-source and decentralization to offer interoperability across chains and remove barriers to mass adoption. As more and more crypto projects are now utilizing cross-chain technology, we are paving the way to an interconnected blockchain environment.
As exciting as the new update to the Ethereum blockchain is because it will allow staking of ETH, it will not eliminate some of the network’s limitations. This is where Tosdis comes in.
Flexible, cross-chain staking
Our new protocol combines a flexible staking mechanism for any ERC-20 token as well as provides cross-chain token staking on our decentralized platform. The unique mechanism of Tosdis means we are able to offer Staking-as-a-Service to dozens of platforms — Polkadot, Binance, Chainlink, Tron, Ethereum. EOS, etc — across our web-based and wallet staking platforms.
We are introducing Tosdis EasyStake, which is a fair and affordable staking mechanism for all. Built on smart contracts-based staking for all ERC20 tokens initially, we will alter expand to include other chains, such as Polkadot, BSC, Tron and more. With Tosdis, projects will be able to allow their holders to stake tokens in return for staking rewards in the project’s respective cryptocurrency.
agresthe
20-12-20, 12:24 PM
Liquid Staking
Tosdis is a new DeFi project, which combines the power of Staking as a service and Liquid staking for POS coins. In this way, we’re combining the best of both worlds — allowing crypto investors to stake their PoS digital assets via Tosdis EasyStake while we take care of the technical aspect of the staking process and the benefits of liquid staking. In this manner, users can stake any asset for a variety of blockchains against the TosdiS token, which they can use in the interim as their assets are frozen thus making whatever assets are currently staked, liquid.
By staking assets across multiple chains, investors will earn entirely new tokens. This effect will allow users to stake tokens and assets of one type to receive them as block rewards in the form of an entirely new token.
Tosdis will support a host of new blockchain-based projects with cross-chain Multi-Bonded Proof of Stake (MBPoS). This essentially means that our platform will allow staking in different crypto assets and commodities across multiple chains. This expanded cross-chain interoperability will vastly improve the opportunity for investment in the crypto sector.
We view the deployment of Multi-bonded Proof of Stake technology as crucial for unlocking the full potential of blockchain. The protocol and decentralization of Tosdis offer a more secure, stable staking mechanism than was ever previously possible, and with access to greater liquidity too.
Cross-chain interoperability is a potential solution to the growing pressure on the Ethereum network. By supporting staking Ethereum, ERC-20 and multiple other smart contracts on the Tosdis network, we are opening a new gateway to DeFi.
The path to full decentralization and blockchain interoperability
Thanks to Tosdis’ transformative technology, we can finally decentralize the last mile of blockchain projects’ tech stack (remove their on-chain dependencies), leverage the full power of cross-chain composability and tap into the huge source of interchain liquidity. Last but not least, Tosdis will also gain access to users from all supported chains who will find immense value in using our staking mechanism to earn rewards.
The Tosdis protocol introduces a disruptive solution to address the key shortcomings of existing blockchain and DLT-based infrastructures, and to enable interoperability in every corner of the ecosystem, from fragmented and incompatible blockchains to upcoming CBDCs. Via the multi-chain staking mechanism, Tosdis also provides additional utility to users, CBDCs and accompanying institutions.
agresthe
20-12-20, 01:11 PM
What is Tosdis
We are entering the era of Proof of Stake and everyone is all about staking and blockchain interoperability. And while many projects and pools have made great strides in that direction, there still wasn’t one cross-chain dencetralized infrastructure with true real functionality.
Until now.
Tosdis is the first-ever decentralized network that interoperates across chains and breaks down barriers to mass adoption. It integrates a flexible mechanism for smart contract staking, which will allow participants to lock and earn tokens on any ERC-20 tokens as well as tokens from other blockchains, such as Polkadot, BSC, Tron and more.
Staking-as-a-Service — a step up from PoS
We are gearing towards rolling out a one-stop solution for Staking-as-a-Service so anyone, anywhere can stake the coins of their choice.
Tosdis is positioned at the intersection where DeFi meets DAG with its revolutionary interoperability protocol that connects any blockchain to our high-speed, low cost network and leverages decentralized synthetics to enable cross-chain staking of any ERC-20 or other tokens.
Powered by the deflationary TosdiS Token, Projects will be able to allow their holders to stake tokens in return for staking rewards. The fees paid by projects for using Tosdis EasyStake will go directly into the deflation mechanism burning TosdiS tokens. This process will continue until 50% of all TosdiS token have been burnt.
This way we’ll be able to guarantee the sustainability and usability of the TosdiS token in the coming years. It will serve as a staking governance token — with valuable utilities, long term sustainability, a fair launch, and designed to add tremendous value to the Tosdis ecosystem.
Tosdis EasyStake Overview
The Tosdis EasyStake mechanism works like a high-yield decentralized savings account. The longer you stake on the network, the higher the rewards will be. There are some additional benefits as well.
The pool-based nature of the protocol means it is a group activity with multiple contributors for each staking project. We will be adding new projects to the network on a regular basis, starting with ERC-20 tokens and then expanding to include other blockchains, such as Polkadot, Tron, BSC and more.
Unlike other staking mechanisms, Tosdis EasyStake is incredibly flexible as users have the option to withdraw early, stake until full maturity, or withdraw somewhere in between. However, users who choose to leave early will forfeit some of their rewards, which will then be equally distributed among those who staked until the end.
The staking period for each project will be open for a limited time only and the pools themselves will also be limited in size. Creating scarcity will also incentivize participation, thus growing the user base of Tosdis.
Users are encouraged to stake in the projects until they reach full maturity as they will receive a share of the rewards of those who withdraw early. Thus participation and staying in the staking pools is encouraged.
The TosdiS token will be the main driver behind creating a sustainable ecosystem where users will earn it when staking other tokens.
The TosdiS EasyStake is the first product that we will launch in a line of projects and additional value-adding products. What will start with a new network enabling cross-chain staking, will continue to grow, unifying the entire blockchain ecosystem in a secure way, thus preventing centralization.
In an exciting step for the DeFi sector, Tosdis is bringing together staking-as-a-service and liquid staking to unlock greater accessibility to digital assets.
This new model will create a bridge between ERC-20 tokens and other blockchains to create free circulation of tokens wrapped and staked against TosdiS tokens between all networks.
The move brings crypto holders firmly into the DeFi ecosystem and will provide them with a new horizon. Holders can choose to stake their preferred cryptocurrency through Tosdis EasyStake and the resulting staked Tosdis tokens will be tradable or usable in DeFi scenarios.
Tosdis EasyStake represents an opportunity for the crypto community to participate in both liquid staking and a staking-as-a-service project and experience the enhanced interoperability available within the broader blockchain space, so we can further extend our reach into DeFi.
Why Liquid Staking is the Way to True DeFi
By pooling staking assets of our users based on the projects they participate in, Tosdis EasyStake positions will give token holders a higher degree of freedom in managing their assets and will accelerate decentralized finance innovation. By allowing users to simultaneously stake and access services on the connected platforms — Polkadot, Tron, etc. — we are able to open up permissionless innovation for staking assets and enable other financial products to be simultaneously used.
We view Liquid Staking as the next logical step in perfecting the original PoS mechanism. In the eve of Ethereum’s migration to a Proof-of-Stake model, we are already aware of the core limitation of Proof-of-Stake protocols in the form of restrictions that
result in an inability to liquidate staked assets, e.g. the common unbonding period. Liquid staking solution will allow stakers to trade a representation of their staked assets and thus improve liquidity of staked assets.
The new approach to staking Tosdis offers is a step up from traditional PoS staking. Even Staking-as-a Service platforms and exchanges only allow users to stake the tokens of the blockchain that they’re contributing to. Thus participants often have to load up on the asset that they’re staking in order to increase their chances of being selected for validation. This means one’s staked assets are frozen and thus completely illiquid. Liquid staking is a version of PoS in which participants can choose to stake any digital asset for a variety of blockchains and are given a derivative to trade in the interim as their assets are frozen. It literally makes whatever assets are currently staked, liquid.
But with liquid staking users can stake any digital asset from interconnecting blockchains linked to the Tosdis EasyStake mechanism.
Users are given 1:1 derivatives when their assets are staked, and are thus able to continue to earn revenue off of these assets through block and fee rewards, maintain liquidity, trade assets, and retain custody, all at a lower risk. This also enables a constant rotation of power within the network and increases the number of members validating different transactions.
Powered by the deflationary TosdiS Token, all projects on interconnecting blockchains will be able to allow their holders to stake tokens in return for staking rewards. The fees paid by projects for using Tosdis EasyStake will go directly into the deflation mechanism burning TosdiS tokens. This process will continue until 50% of all TosdiS token have been burnt.
Staking tokens from a variety of independent blockchains (without the pesky scaling limitations) seems to be a natural next step in the crypto industry. Liquid staking is a transformative pivot away from traditional PoS, avoiding the classic “rich get richer” model that only rewards those who create the largest stakes and prevents users from temporarily losing custody of their assets.
How Tosdis EasyStake is Transforming Staking-as-a-Service
By opening up users to a more liquid, safer, and efficient method of staking, Tosdis can move towards a more environmentally conscious and egalitarian method of validation.
It is all about allowing users to earn yields on ERC-20 tokens and other digital assets to help crypto newcomers grow their investments with a simple, secure, low-friction service. Tosdis EasyStake’s features include one-click staking for rewards and automated claiming and re-staking.
Thanks for reading. Don’t forget to join our community.
agresthe
20-12-20, 02:17 PM
Greetings!
Staking is an alternative mining method. In short, you buy a coin, put it in your wallet, and make a profit. The profitability can vary depending on the PoS rules that apply to that network.
What are the benefits of cryptocurrency staking?
https://vk.com/emoji/e/f09f94b9.png Staking is much cheaper. If, in the case of PoW, you need to buy expensive equipment and pay for electricity, PoS requires minimal computing power. A regular old laptop or mobile wallet on your smartphone is enough. It is only essential to be continuously connected to the network.
https://vk.com/emoji/e/f09f94b9.png Staking is very safe. Of course, you can buy back 51% of all coins and take over the network, but you should understand that this is not practical for an attacker. For example, if now with the launch of the Ethereum 2.0 update. Ethereum switches to PoS, and if someone owns 51% of the network, what happens? The asset’s price will drop, and the owner will lose most of the money because he has more than half of the coins. Therefore, an attack on the network is economically disadvantageous.
https://vk.com/emoji/e/f09f94b9.png Staking implies asset growth. Indeed, to get more rewards, you need more coins. This mechanism involves the withdrawal of an asset from circulation and, accordingly, growth. It doesn’t work in practice, though. A large number of PoS-powered projects collapsed more than Bitcoin in 2018. But there are enough resources left to rely on in this matter.
https://vk.com/emoji/e/f09f94b9.png There is no need to have specific knowledge. You only need to buy coins on the exchange and delegate (put) them into staking to your wallet. Then the system calculates the reward on its own.
https://vk.com/emoji/e/e29c85.png Tosdis is introducing EasyStake, which is a fair and affordable staking mechanism for all. Built on smart contracts-based staking for all ERC20 tokens initially, we will later expand to include other chains, such as Polkadot, BSC, Tron, and more.
https://vk.com/emoji/e/e29c85.png With Tosdis, projects will allow their holders to stake tokens in return for staking rewards in the project’s respective cryptocurrency.
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