Place/Date: - December 16th, 2020 at 8:59 pm UTC · 4 min read
Contact: Tosdis, Source: Tosdis
Tosdis is a new DeFi platform bringing together staking-as-a-service and liquid staking to unlock greater accessibility to digital assets.
It solves the problems of the financial sector with blockchain distributed ledger technology. Decentralization of financial services can significantly reduce transaction costs when conducting monetary transactions and relieves the market from the need for third parties.
Smart contracts for blockchain can replace most of the functionality of this industry today, significantly increasing the return on investment and reducing the costs of market participants. For this reason, many investors have started investing in the cryptocurrency market.
Tosdis’ new model will create a bridge between ERC-20 tokens and other blockchains to create free circulation of tokens wrapped and staked against Tosdis tokens between all networks.
Tosdis EasyStake positions will give token holders a higher degree of freedom in managing their assets and will accelerate decentralized finance innovation.
The move brings crypto holders firmly into the DeFi ecosystem and will provide them with a new horizon. Holders can choose to stake their preferred cryptocurrency through Tosdis EasyStake and the resulting staked Tosdis tokens will be tradable or usable in DeFi scenarios.
Tosdis EasyStake represents an opportunity for the crypto community to participate in both liquid staking and a staking-as-a-service project and experience the enhanced interoperability available within the broader blockchain space, so we can further extend our reach into DeFi.
sitioned at the intersection where DeFi meets DAG with its revolutionary interoperability protocol that connects any blockchain to our high-speed, low cost network and leverages decentralized synthetics to enable cross-chain staking of any ERC-20 or other tokens.
Tosdis is powered by the deflationary Token. Thus, it will be able to the holders to stake Tosdis tokens in return for staking rewards. The fees paid by projects for using Tosdis EasyStake will go directly into the deflation mechanism burning TosdiS tokens. This process will continue until 50% of all TosdiS token have been burnt.
Tosdis guarantees its users the sustainability and usability of its token in the coming years. It will serve as a staking governance token — with valuable utilities, long term sustainability, a fair launch, and designed to add tremendous value to the Tosdis ecosystem.
We’re combining the best of both worlds — allowing crypto investors to stake their PoS digital assets via Tosdis EasyStake while we take care of the technical aspect of the staking process and the benefits of liquid staking.
Users can stake any asset for a variety of blockchains against the Tosdis token, which they can use in the interim as their assets are frozen thus making whatever assets are currently staked, liquid.
By staking assets across multiple chains, investors will earn entirely new tokens. This effect will allow users to stake tokens and assets of one type to receive them as block rewards in the form of an entirely new token.
Tosdis provides the following opportunities for users:
Use all the benefits of decentralized finance as a service with Tosdis.