Place/Date: UAE - April 20th, 2023 at 3:21 pm UTC · 3 min read
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Source: MetaTdex
The WETH staking service of MetaTdex Smart Pool is now accessible to global users. The user deposit channel has been fully opened, allowing ETH and WETH holders to obtain robust and high yields on MetaTdex.
At the completion of Ethereum Shanghai Upgrade, MetaTdex launched the ETH staking service in its Smart Pool:
The Ethereum Shapella Upgrade, aiming to improve the performance, security and scalability of the Ethereum network, has been successfully completed at the height of Epoch 194,048 on the Ethereum network. This upgrade added a withdrawal function, enabling users to withdraw staked ETH and related yield. Previously, in September 2022, Ethereum successfully transitioned to the PoS (Proof of Stake) consensus mechanism, allowing users to become validators by staking 32 ETHs.
Users can now enjoy rapid transactions between WEH and ERC-20 tokens on MetaTdex. After the exchange from ETH to WETH, both ETH and WETH holders can enjoy MetaTdex financing services.
WETH is an ERC-20 compliant Ethereum token that is 1:1 interchangeable with ETH (the native token of Ethereum network), realizing a better circulation in DeFi protocols.
Since ETH was created before the ERC-20 token standard, it is not compatible with the ERC-20 standard and ERC-20 tokens. In comparison, WETH not only enhances the interoperability between decentralized applications (through seamless transactions between WETH and ERC-20 tokens), but also between different blockchains and Layer 2 scalability protocols.
MetaTdex is planning to include WETH as a Trade Mining token. Users can receive an additional TT reward for trading WETH/USDT. The 27,000 TT daily rewards (worth $40 million) are distributed to TT/USDT and MATIC/USDT transactions, and are about to expand to WETH transactions.
Learn More: Smart Pool, Twitter, Telegram.
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