Over the last year we have seen tremendous growth on Ethereum for projects within the decentralized finance ecosystem, including Uniswap, Sushiswap, Aave, Curve, Compound, Yearn, and many others.
The Aggix Finance team believes there is an important piece of the puzzle missing on top of the existing foundation — A DeFi hub specifically for collateralized tokens, which can be Liquidity Pool tokens, vault tokens, Liquid Staking tokens, Parachain Liquid Bonding tokens, and other reward-earning tokens.
The objective of Aggix Finance is to enable DeFi users to easily benefit from yield farming opportunities combining collateralized tokens, Farming, Staking, Lending, Stablecoins, and Yield Aggregators/Vaults
Staking rewards and Liquid Staking
Staking is an important function of Proof-of-Stake protocols as it contributes for the security of the network in a more energy-efficient way than Proof-of-Work protocols.
Energy efficiency comes with a cost : capital inefficiency. Indeed, stakers are required to stake their tokens to validate transactions and earn staking rewards, without the ability to use the value of their staked tokens.
Liquid Staking is the solution to the capital inefficiency problem of Proof-of-Stake protocols. By tokenizing the value of staked tokens, Liquid Staking enable its users to benefit from enhanced financial flexibility and benefits from: