ClayStack — A new way of Defi platform.
During the cryptocurrency market downturn like today. It’s not that investors can’t find a way to make a profit. in the world of digital assets Around the same time the crypto market fell, it turned out to be the golden minute of ‘DeFi’, or decentralized finance.
DeFi stands for Decentralized Finance 'Decentralized Finance'
ClayStack is a decentralized liquid staking platform that let users free your staking assets in order to use it as derivative token in Defi Ecosystem across multiple chains. and use oracles and relayers to have interchain communication possible with any blockchain.
What is Oracle?
Oracle is a service that helps connect smart contracts on the blockchain with data from the outside world. to bring data from the outside world to use within the blockchain. Oracle plays a very important role. Especially with building decentralized applications (dApps) that run on the blockchain.
For example, a decentralized exchange (DEX: Decentralized Exchange) dApp where users can exchange cryptocurrencies for another without having to go through an intermediary. with the price Trading would be difficult and inefficient.
How ClayStack works?
ClayStack is allows users to get tradable Liquid Staking derivatives and instantly withdraw their staked assets with No Lockups.
Liquid Staking functionality enable you to get liquidity on staked assets by minting the equivalent derivative and enable your usage in DeFi. The tokens are staked to the effective validators, and the rewards are transferred daily to you. with no lockups assets and cross-chain communication.
liquid staking protocols allow token holders to get liquidity on staked assets and enable their usage in decentralized finance (DeFi) applications to earn additional rewards.
Exclusive features of ClayStack
Exclusive features on ClayStack that make ClayStake different from other Defi platforms.
1. Flash Exit
No lock-up periods. This means you can sell or transfer your staked assets any times. ClayStack enable you to withdraw your assets with no unbonded periods.
2. Fully Backed
The derivative tokens are pegged 1:1 with the staked tokens. ClayStack’s staking derivatives are backed by staked assets. Then, it is no fractional reserves and no nonsense.
Multiple blockchain support that you can connect to different blockchains at no cost. Fluid composability soon!
4. No minimum
Accessibility through no minimum or maximum staking amount. Everyone can stake with ClayStack.
5. Yield Staking
You can create DeFi money legos by using staking derivatives and earn rewards from multiple applications in Defi Ecosystem.
All transactions are executed on a public blockchain. Everything is trackable.