#USA #N/A #crypto #staking #Phemex

Phemex Launches On-chain Earn

Phemex, renowned as the most efficient cryptocurrency exchange, has officially launched its innovative staking service called On-chain Earn. This new offering is designed to streamline the staking process while enhancing capital efficiency for users involved in digital asset management. By integrating proof-of-stake rewards directly within the platform, Phemex aims to provide traders with a seamless and user-friendly experience for earning potential returns on their investments.

The Need for Streamlined Staking

Traditional staking has often been accompanied by complex processes that require users to navigate multiple wallets and decentralized applications (dApps). This fragmentation not only confuses investors but can also lead to inefficiencies and lowered returns on their staking activities. Recognizing this challenge, Phemex has taken significant steps to enhance user experience by simplifying staking into a single, integrated platform.

With On-chain Earn, customers can now stake their Ethereum (ETH) and Solana (SOL) assets without moving them across various interfaces. This direct integration reduces the hassle and risks typically associated with external wallets, allowing for a more straightforward, efficient method of earning staking rewards. This innovation promises to hold customer assets in one account while ensuring rewards are transparently distributed according to each network's specific rules. Moreover, liquidity remains intact, further enhancing the user experience.

Exclusive Features and Benefits

To mark the launch, Phemex has introduced an exclusive Ethereum Pool that heightens the stakes for users. Participants in this pool will earn ETH staking rewards through wrapped staked ETH (wstETH). In addition to these benefits, users will also automatically accumulate Mellow Points and Symbiotic Points, which are expected to qualify them for future project airdrops. This added layer not only allows for standard staking rewards but also offers the potential for greater returns, distinguishing Phemex in the competitive market.

Key Benefits of On-chain Earn

• - Competitive Staking Yields: Earn higher returns through integrated protocols.
• - One-Click Staking: Stake your assets without additional configurations needed.
• - Flexible Unstaking: Easily unstake assets in accordance with blockchain conditions.
• - Institutional-Level Security: Experience transparent tracking of rewards.

Federico Variola, the CEO of Phemex, elaborated on the motivations behind On-chain Earn, stating, "This service is designed to maximize efficiency in the way users stake their assets. Instead of navigating through multiple wallets and platforms, customers can now earn rewards directly within Phemex while maintaining visibility and control over their investments."

This service is set to enrich Phemex's already robust asset management offerings alongside features like Spot and Futures trading. Furthermore, as the service expands, users can look forward to staking other asset types across different networks, thereby enhancing their choices regarding asset management.

About Phemex

Founded in 2019, Phemex has swiftly established itself as the go-to crypto exchange for over six million traders globally. The platform stands out for its reliability and innovative solutions, providing spot and derivatives trading, copy trading, and robust asset management products. By merging seamless functionality with institutional-grade security, Phemex prioritizes user experience and transparency in a landscape where trust is paramount. To learn more about On-chain Earn and see what Phemex has to offer, visit Phemex.com.