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Trusted Node Network to Democratize Liquid Staking Service for All Users

UTC by Andy Watson · 3 min read
Trusted Node Network to Democratize Liquid Staking Service for All Users
Photo: Trusted Node

Through the TNODE token, users can get a boosted validator staking rewards, while also gaining access to participate in the ecosystem governance.

Emerging blockchain staking service provider Trusted Node is set to democratize its liquid staking service, as it looks to bridge the gap between all classes of investors in the decentralized finance (DeFi) ecosystem. Founded by Stefan Rust, the former Chief Executive officer of Bitcoin.com, Trusted Node is fast growing as an aggregate liquid staking protocol with a record $31 million achieved in just about 2 weeks since its staking portal was launched.

Liquid staking is an operational engagement that is peculiar to DeFi protocols and it involves locking your funds in a deposit or smart contract for an opportunity to earn rewards such that the staked liquidity is not left idle. While liquid staking often has a wide range of applications, Trusted Nodes operates a validator node that helps contribute to the operational efficiency of the respective Proof-of-Stake protocols it backs.

The emergence of the Trusted Node protocol is centered on correcting the many flaws that are inherent in the liquid staking ecosystem today. With a thought-out approach, Trusted Node relieves its users from the need to own the required hardware, technical, and financial capabilities to gain the most from staking protocols.

The platform conducts the right research and invests users’ money into promising protocols with the likelihood of growth in the near future.

Expanding Token Support for Delegation Portal

The Trusted Node protocol is growing fast in terms of the number of enlisted tokens it provides validator node support for. The company recently announced the integration of Terra (LUNA), a next-generation blockchain payment network intricately designed with stablecoins and powered by its own LUNA coin.

The integration of LUNA bolsters existing delegator portals including Sentinel (DVPN), Regen (REGEN), and Terra (LUNA). The Trusted Node delegation portal is reportedly designed as a self-service platform where users can easily connect their wallets, delegate, and undelegated their tokens on which they can claim rewards.

With many staking service providers in operation today, Trusted Node has positioned itself as an outfit that offers additional flexibility for all of its stakers, thus charting a different path as it seeks to gain a good market share.

The Trusted Node Extras: Movable Staked Liquidity, and $TNODE

The Trusted Node protocol was designed as a direct solution to its competitors whose staked coins are locked for the entire length of the duration of the staking program. The emergence of the Trusted Node protocol has showcased that liquidity does not have to be locked, as users can easily move their staked coins to take advantage of new opportunities outside of the Trusted Node platform. This flexibility is made possible by the conversion of staked funds into a synthetic or wrapped asset pegged 1:1 to the locked assets. These wrapped tokens can then be moved to take part in farming, or other opportunities as may be identified by the user.

The Trusted Node protocol relies on its robust platform economics through its utility token, the TNODE token. The Initial Decentralized Offering (IDO) for the TNODE token is billed to be conducted on the TrustSwap Launchpad with the date on track to be announced in the coming days. 

Through the TNODE token, users can get a boosted validator staking rewards, while also gaining access to participate in the ecosystem governance.

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Andy Watson
Author Andy Watson

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