Introducing OneStake, a DeFi Breakthrough Project
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Since DeFi gained popularity in 2020, there has been an influx of platforms into the space, each with an attempt to solve problems surrounding DeFi. These problems range from liquidity to security and profit generation.
The search to proffer solutions has led to the evolution of DeFi from 1.0 to the most recent model, 2.0. Despite these new ideas and concepts around DeFi, it is still heavily challenged. For example, a major challenge with DeFi 2.0 is liquidity locking. The chain currently works this way: there is an asset for which a liquidity pair (LP token) is created, and after that, the LP token is staked in a yield aggregator. At this point, the investor can do nothing else with the locked-up assets except for changing the overall strategy.
This is just one of the current challenges in the ecosystem. In this article, we will be diving into a major DeFi protocol solving the problems with DeFi 2.0. The protocol is called OneStake.
OneStake is a rapidly growing DeFi 2.0 project solving real problems in yield protocol. The project provides an alternate way to efficiently stake stable and single assets while delivering the highest APR directly to users' wallets. In addition, from researching new secure high APR protocols to rebalancing and reinvesting gains, OneStake solves every challenge for the average or professional DeFi user.
Furthermore, OneStake uses the unparalleled aToken mechanics developed. This mechanism of interest-bearing tokens has shown to be effective in addressing the major issues around gas costs. A OneStake user simply stakes one of the stablecoins into the stable pool in exchange for an iUSD token.
The automatic
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