Immediate Access to Staked Assets
Unstake to trade or transfer without delay. To enhance users’ staking experience, BitMax maintains a liquidity pool of assets for immediate access after an asset is unstaked. “Instant Unbonding” allows users to manage staked assets at their own discretion even when delegating to a network with a lengthy unbonding period.
Margin Trading for Staked Assets
Trade staked assets while earning rewards. To further promote marketplace efficiency, BitMax permits staked assets to be used as margin collateral, thus allowing users to go long or short to hedge exposure while continuing to earn rewards. This applies only to assets supported by the platform for margin trading.
Maximized Staking Returns
Automated reinvestment of rewards to compound return. To maximize returns on behalf of users, BitMax automatically redelegates staking rewards to staking pools, thus allowing users to further enhance yield. Users can choose to activate or deactivate “Compound Mode” at their own discretion.
The term “staking” comes from Proof-of-Stake (“PoS”) blockchain networks. PoS blockchain networks rely on validators to operate full-nodes in order to participate in various consensus mechanisms, thus promoting network security and resilience. In return for their contribution, validators earn block rewards. Individual holders can also delegate assets to validators for a pro rata allocation of block rewards earned.
How it works？
BitMax’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. BitMax aggregates users’ staking interest and delegates assets to trusted validators on their behalf. Simply click the “Delegate” button, and users will begin earning staking rewards.
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