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Ethereum Staking Only Gives 4%, Octoblock DeFi Hit 180% Staking During ICO

1M ago
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Ethereum

The post Ethereum Staking Only Gives 4%, Octoblock DeFi Hit 180% Staking During ICO appeared first on Coinpedia Fintech News

Octoblock’s high ICO staking rewards attract a huge investor base as its 185.5% APY beats Ethereum’s 4%.

Ethereum

The second-largest cryptocurrency and largest altcoin is in the limelight and attracts significant attention to the possibility of an Ethereum exchange-traded fund (ETF) approval. This comes following Bitcoin’s ETF approval of 11 spot applications in January. ETH expects to enjoy mass adoption as BlackRock and Fidelity plan to launch similar products for Ethereum. However, uncertainty looms among some industry stakeholders regarding the likelihood of a positive outcome for Ethereum ETF proposals. The sentiment reflects a cautious approach amid SEC regulatory uncertainties.

Ethereum staking occurs in the Ethereum 2.0 staking process, where validators process transactions by staking and locking Ether (ETH) as collateral. Ethereum rewards often include additional ETH tokens and are subject to the total ETH amounts staked on the network, validators, and network behaviour. Validators on the ETH network expect at least 4% annually.

Ethereum price prediction

The Ethereum price prediction notes a stagnating pattern, currently at $3,500. If its ETF spot applications are declined in May, the Ethereum price may not reach its all-time high of $4,722 soon.

Octoblock DeFi: The Record-Breaking Platform

octoblock

Octoblock’s new strategies and solutions to DeFi earn it the tag ‘’FeFi 2.0”. It introduces a host of solutions that help investors navigate the complex crypto world with ease. Through its flagship project, cFyF technology, Octoblock empowers holders with the tools to increase yield farming APY. The Crowd Funded Yield Farming approach pursues collective resource pools that help members through bloc voting for influential governance. Through the approach, individual members benefit collectively through one voice, capitalizing on the resourceful participants to get investment insights.

Octoblock achieves its high APY through the Nautilus Trove, which pursues profits through sound investment strategies like farming, arbitrage, and staking. When profits are made, the Trove distributes 45% to investor wallets, 5% to The Tentacle Trust for charity, 5% to Saltwater Sweepstake for rewards, and 35% reinvested to maintain liquidity. The Nautilus Trove moderates investments under the Beefy Finance concept to ensure sustainability. The Trove rewards are credited to the holder’s wallets transparently, and it is their responsibility for holders to secure their wallets. Octoblock’s ICO participants can benefit from high APY ICO staking currently at 185.5%, and as changes occur, the current APY is promptly displayed on the platform’s website for transparency. The ICO is in phase three, and one OCTO token is priced at $0.037, accompanied by a 13% bonus and entry into the Tesla draw.

The Tentacle Trust pursues environmental sustainability, focusing its efforts on conserving marine life, rather than solely profits. A monthly vote by holders is held to identify deserving charities to fund.

The platform Coral Cove DEX presents a robust interoperable multi-chain enabler. Investors can interact with the user-friendly interface and easily navigate the complexities of several chains and hundreds of digital assets.

More information here:

Buy OCTO: https://reef.octoblock.io/register

Website: https://octoblock.io/

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