How I missed out on Generational Wealth
You might be wondering how I missed out on Generational Wealth?
Well Lock in to this thread and I will show you what I did wrong and how you can avoid that being an active user of DeFi
One of the easiest ways to earn in Crypto has always been through Staking where you put your assets to work on a Blockchain Network which also helps the network run smoothly
Now this is where it gets interesting because even with the benefits of earning rewards, there are also Problems associated with Native Staking
The Main Problems with Native Staking or staking on PoS (Proof-of-Stake Network) is that you can't use it in DeFi, you have to wait for days (7, 14 or 21 days depending on the Protocol) to claim your unlocked tokens: The Part of not being able to use it in DeFi caused me generational wealth because my Tokens were locked and I couldn't make use of it in Protocols for more rewards and yield
Another Problem is the fact that if you choose to unlock your assets you will need to wait for days (Cool down Period) to be able to claim your tokens and imagine a scenario where there is dump 🙊
At is also an issuhoosing a Validator when staking because you can be scammed of your assets
With these Problems, I am here to tell you that there is a Solution so you don't make the same mistake I did 😁💯
Solution: With the introduction of Liquid Staking such as
$stELX of
@stakedelixir, you can be sure not to experience any of the above Problems again. You can send your
$ELX token of
@elixir to a smart contract and get
$stELX on a 1:1
What Makes
$stELX Unique?
💥 The team behind stELX ensures that validators are high-performing, eliminating those that do not meet strict standards.
💥 They also implemented a non-custodial model where your funds are always under your control.
💥
$stELX opens new opportunities for holders through Voting, Proposals and high liquidity Markets.
Benefits: Here are the many things you can do with your liquid staked
$stELX token:
✅ Lending: You can Lend your
$stELX token and make it a Collateral while borrowing any assets of your choice against it
✅ Liquidity Provision: You can Pair your
$stELX with
$ELX or any other asset and Pool it to enjoy fees from traders
✅ Fixed yields: Lock your rewards in fixed rates of return or leverage yield with protocols like Pendle.
✅ Leveraged staking: By using
$stELX as a collateral, you can borrow ELX, stake more, and repeat to maximize more rewards (NFA)
I hope you won't make the same mistake I did and you will maximise these Opportunities when the time Comes (Very Soon 🔜)