Decentralized Finance offers its users various reward earning strategies that range in difficulty from simple to complex, and ASX's goal is to incorporate these strategies into the baseline operating system of the ASX ecosystem.

Liquid Staking

Liquid staking has become a popular trend in defi, providing users with both validator earnings and liquidity, enhancing capital efficiency and earnings power. Liquid staking has been seen with tokens such as liquid staked Ethereum and BNBx, allowing holders to earn passive staked blockchain rewards and the potential for dual use in defi, like lending and liquidity provision.

The Core blockchain offers a similar opportunity through its token stCORE. By design, stCORE operates in a simplistic manner; accruing value directly in its price via CORE staking rewards. At this time, stCORE is accruing Core staking rewards at an estimated rate of 7.25% per year, providing a significant boost to potential price appreciation of the token.

To learn more about stCORE, click here.

Yield Bearing Liquidity with Liquid Staking

Given the nature of liquid staking tokens, ASX Capital has identified an opportunity to enhance the ASX ecosystem’s performance with the integration of a variety of yield-bearing tokens. Due to its focus on its expansion on the Core blockchain, the team at ASX has made the decision to launch our yield bearing liquidity with stCORE.

The process is simple, yet powerful. By migrating a portion of ASX — CORE liquidity to ASX — stCORE, ASX benefits directly from the accrued staking rewards built into the price of stCORE. Further, the ASX team plans to create a reward pool to align with ASX ecosystem contributors, providing additional incentives to ASX — stCORE liquidity providers.

Next Steps: Reward pools and lstBTC

ASX Capital’s yield bearing liquidity objectives don’t end with stCORE. The platform is awaiting the launch of lstBTC to add further ecosystem growth via liquid staked Bitcoin, a groundbreaking token currently under development in the Core ecosystem. Additionally, ASX Capital has migrated a portion of its BNB liquidity to BNBx to enhance growth on BNB chain.

Next up will be liquid staking LP reward pools, so keep an eye out for these new reward earning staking positions!

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