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Phemex Introduces On-chain Earn to Streamline Staking and Improve Capital Efficiency

In an exciting development for cryptocurrency enthusiasts, Phemex, recognized as one of the most efficient cryptocurrency exchanges globally, has announced the launch of its newest service, On-chain Earn. This innovative offering integrates staking rewards directly into the Phemex platform, thereby significantly enhancing its existing asset management product, Phemex Earn.

Transforming the Staking Experience

The introduction of On-chain Earn is a game-changer for users who previously faced challenges with fragmented processes when it came to staking their assets. By seamlessly embedding staking protocols into Phemex, customers can now engage in capital management more effectively. With assets retained within a unified account, the distribution of rewards occurs transparently, and liquidity is maintained according to the rules established by each blockchain. This ultimately simplifies a traditionally convoluted experience into one that is efficient, secure, and user-friendly.

As part of this launch, Phemex is also offering an exclusive ETH Pool. Participants in this pool will not only earn staking rewards in ETH through wstETH but will also automatically accrue Mellow Points and Symbiotic Points. These points are anticipated to be eligible for future project airdrops, promising users additional growth potential beyond standard staking returns. This feature further differentiates Phemex's offerings within a competitive market.

Key Advantages of On-chain Earn

1. Competitive Staking Yields: Users benefit from competitive staking returns through compatible protocols, maximizing the earning potential of their assets.
2. One-Click Staking: On-chain Earn allows for a straightforward staking process without requiring any additional setup, simplifying the experience for users.
3. Flexible Unblocking: The service supports flexible unblocking terms aligned with the respective blockchain’s requirements, providing users with greater freedom and control.
4. Institutional-Level Protection: The platform ensures transparency in reward tracking, which is crucial for maintaining user trust and satisfaction.

Federico Variola, the CEO of Phemex, explained, "On-chain Earn is designed to maximize the efficiency with which users utilize their assets. Instead of navigating through multiple wallets and platforms, clients can now generate profits directly on Phemex while retaining visibility and control. This reflects our ongoing mission to be the most efficient exchange, helping traders and investors seamlessly allocate their capital across various products while extracting maximum value from their assets."

Future Expansion

On-chain Earn reinforces Phemex’s asset management platform, complementing the exchange's offer for spot and futures trading. The second phase of this service will broaden its scope to include additional networks and assets, giving users even more options for generating and managing their capital effectively.

About Phemex

Founded in 2019, Phemex has established itself as the most efficient cryptocurrency exchange, garnering the trust of over six million traders worldwide. The platform specializes in both spot and derivative trading, as well as copy trading and asset management products that combine flawless functionality with institutional-level security. Renowned for its reliability and innovation, Phemex prioritizes user experience and transparency in an industry where trust is paramount.

For more information, visit Phemex’s website.