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Phemex Unveils On-Chain Earn: A New Era in Staking

Phemex, recognized as one of the most efficient cryptocurrency exchanges, has officially launched a groundbreaking service named On-Chain Earn. This innovative staking service aims to simplify the staking experience while enhancing capital efficiency by integrating proof-of-stake rewards directly into the platform. The introduction of On-Chain Earn represents a significant evolution for Phemex Earn, which serves as its wealth management product.

Traditionally, staking can require users to navigate multiple wallets or decentralized applications, which can often be fragmented and cumbersome. However, with the launch of On-Chain Earn, Phemex users can generate competitive returns on assets like Ethereum (ETH) and Solana (SOL) without the hassle of managing external portfolios. All transactions take place within a unified account on the platform, providing an efficient, secure, and intuitive user experience while maintaining liquidity according to each network's guidelines.

Key features of On-Chain Earn:

1. Competitive Staking Returns: Users can access attractive returns supported by robust staking protocols.
2. One-Click Staking: The system allows for easy staking without the need for additional installations.
3. Flexible Unstaking: Users can unstake their assets in accordance with blockchain-specific terms.
4. Institutional-Level Protection: A transparent tracking system ensures users are aware of their rewards status at all times.

In a statement, Federico Variola, CEO of Phemex, emphasized that “On-Chain Earn is designed to maximize how efficiently users can deploy their assets. Instead of juggling multiple wallets and platforms, clients can now earn directly within Phemex while retaining visibility and control over their investments.” This service further enriches Phemex’s wealth management offerings alongside spot and derivative trading options.

Exclusive ETH Pool and Additional Benefits

As part of this exciting launch, Phemex is introducing an exclusive ETH pool. Participants will not only earn staking rewards in ETH through wrapped staked ETH (wstETH) but will also automatically accumulate Mellow Points and Symbiotic Points. These points will qualify users for potential future airdrops, creating additional upside beyond standard staking returns. This unique offering sets Phemex apart in a competitive market, providing users with more than just immediate gains.

Looking forward, Phemex plans to expand On-Chain Earn to encompass a wider array of networks and assets in its second phase of deployment. This initiative will give users even broader choice in how they earn and manage their capital.

About Phemex

Founded in 2019, Phemex has quickly become a trusted cryptocurrency trading platform for over six million traders worldwide. The platform features spot trading, derivatives, copy trading, and wealth management products that combine seamless functionality with institutional-level security. With a commitment to reliability and innovation, Phemex prioritizes user experience and transparency in an industry where trust is paramount.

For further information about Phemex and its offerings, visit their official website.