The latest addition to the market, Charge DiffieHas begun a series of new developments, including new reward tokens, xStatic, and some new reward pools. The Charge DeFi team is also adopting the project’s multi-chain and aiming to extend it to the well-known layer 1 chain Fantom (FTM), making some improvements to the project’s basic tokenomics. A series of new developments is “Phase 2” of ChargeDeFi’s completed roadmap.
According to the Charge DeFi team, these developments will allow the project to appeal to a wider FTM audience, and the project will continue to grow as the team integrates more blockchain into the ecosystem. In addition, the team is keen to provide additional staking incentives through the launch of xStatic and an additional reward pool to continue to make the ecosystem attractive to investors.
Charge DeFi Phase 2: Details
To truly understand the impact of these new developments on the Charge DeFi ecosystem and the wider market, it’s worth checking out the details of each new feature.
xStatic is a new reward token that investors will receive as soon as they bet $ STATIC or $ STATIC- $ BUSD tokens on the new membership pool of the ecosystem with a vesting period of 3 months. Xstatic can be used for early access to Charge DeFi products, early access to multi-chain pools, and special items and events specifically for xStatic owners.
The new pool has some differences from the original reward pool. The $ STATIC- $ BUSD pool has four times the reward of the $ STATIC pool to counter the fact that it rebases. However, it does not rebase the $ STATIC pool.
The team recognizes that for Charge DeFi products to last long, projects need to be exposed and easily available in the more prominent DeFi ecosystem. Long-term investors will be allowed early entry into Fantom’s launch by allowing xStatic holders to bet tokens on a special pool to generate FTM-specific tokens. Until the publishing details are published, this will be the only way for ChargeDeFi users to access the FTM project.
The launch of FTM is in line with the growing demand of the community to bridge tokens to other chains. Although $ STATIC is an integral token of the rebase mechanism and cannot be bridged, the team suggested making $ CHARGE, the project’s de facto governance token, bridgeable. This happens only in some new chains, but it cannot be prevented from flooding with $ CHARGE at the start of an FTM project.
Not only does this meet the needs of the community, it also reduces the amount of $ CHARGE on the Binance Smart Chain (BSC) and increases the rewards for BSC stackers.
Listen to the market and the community
Development shows the ChargeDeFi team’s determination to listen to the community. In addition to increasing the rewards and potential for integration of the broader ecosystem, the team also recognizes basic incentives for investors to continue to make personal profits.
Investors in the community have tried to rebase as a way to achieve this, but this is not intended by the team to use the mechanism. In response, the team is gradually changing the rebase mechanism. The first change is to extend the pre-rebase period from 6 epochs to 12 epochs.
Charge DeFi is making these changes during difficult times in the crypto market, and many investors are witnessing a slump in earnings from 2020 to 2021. Potential return. In addition to this, in response to the year-to-date 600% growth in the value of the crypto market, the number of offerings in the market has increased significantly, and projects like CahrgeDeFi will innovate at a prominent pace from the pack. became.
However, with xStatic, these new reward pools and multi-chain directions, Charge Diffie Encourage current and new investors to join the ecosystem in the future, with the aim of bringing decisive use cases to the ecosystem.
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