Our partner project Changex have reached a great milestone with their Hydra staking pool.
06 Jan 2023, 11:05
🔥Our partner project Changex have reached a great milestone with their Hydra staking pool.
Delegating to a staking pool is different than to a standard super staker, since they consolidate all balances and remove the standard deviation that occurs as waiting time.
To achieve this, they apply an initial 100% fee on protocol, which automatically distributes all income from all participants to a single mixed pool.
Then they reverse distribute to all participants according to the % every one has committed.
This translates to a more predictable and steady income even to the smallest stakers without compromise in security or effeciency.
It also eliminates the need to split your utxos or to micro manage your wallet.
We highly recommend checking them out as this is a big deal for our ecosystem. It provides a viable alternative to Kucoin with more competitive rates, and most importantly seeded by the Hydra community itself.
There's a 5% bonus income at the moment in CHANGE tokens (which offsets any fees collected by the pool).
The address of their super staker pool is:
NB! You don't need to be a user of changex app in order to take advantage of this. You can delegate to their pool just like any other standard delegation. Their design automatically distributes the pool income back to you once a day.
Since their pool is a standalone service, it can be accesses in a permissionless way.
Make sure to check their update with some stats: