Why Stake with Endur.Fi?
The past few weeks in the Starknet ecosystem has been gearing with excitement as Starknet announces plans to launch STRK staking.
Staking offers users the opportunity to earn rewards while contributing to the security and decentralisation of the network. However, staking STRK results in loss of liquidity which means when users stake their STRK natively, they have their tokens locked.
In other words, this means:
Locked STRK: Once you stake STRK natively, your tokens cannot be used for any other purpose.
Unstaking time: If you unstake then you face an automatic 21-day lockout period, during which no yield is accrued.
Opportunity Cost: Locked tokens mean you lose access to liquidity, limiting your ability to take advantage of other DeFi opportunities.
These limitations create a dilemma for users: stake for rewards or keep tokens liquid for other uses.
This is where Liquid Staking Tokens (LSTs) and Endur come in!
What is Endur?
Endur.Fi is a platform that introduces a trade-able Liquid Staking Token (LST) on Starknet called xSTRK. Endur is built together by STRKFarm and Karnot. It enables users to unlock the full potential of their staked STRK.
Bridging the gap between stakers and their liquidity, Endur establishes xSTRK as the go-to LST for anyone looking to enjoy the incoming STRK Staking event!
By converting STRK for xSTRK, users can:
Earn staking rewards without sacrificing access to liquidity.
Trade or use xSTRK in DeFi ecosystems, empowering them to maximize opportunities.
With xSTRK you can enjoy both rewards and liquidity!
With so many LSTs coming on Starknet, you must be wondering - why choose xSTRK? 🤔
Here are the reasons:
Liquidity unlocked: Unlike native staking, xSTRK holders maintain control over their liquidity. Whether you want to trade or use your xSTRK as collateral, the choice is yours.
No staking or redemption fees: With Endur, you do not pay any fees on your stake/redemption amount. However, we will be charging a performance fee on the rewards earned which will be shared between Node operators and LST (an interesting announcement coming soon 😉). So, your original stake is bound to increase.
Improved unstaking duration: With Endur, you can un-stake significantly faster than native staking. Instead of the usual 21 days, your un-staking process is typically completed within 1–2 days under normal market conditions, though it may take longer (up to around 21 days) during periods of high unstake activity.
Seamless integration: As the go-to LST on Starknet, xSTRK is designed for compatibility with the broader DeFi ecosystem, creating more opportunities for users.
Built for the long term: The name “Endur” is inspired by “Endurance,” reflecting the platform’s commitment to building on Starknet for the long term
Extended Use Cases
Borrow using xSTRK just like you would do using STRK on Vesu
Unlocks high-yield strategies on STRKFarm using xSTRK
Swap xSTRK for STRK on Ekubo
More integrations are coming soon…
Conclusion
Endur serves as an invaluable window of possibility when it comes to staking on Starknet. Not to mention the high chances of other utilities for the token such as integration with DeFi on Starknet.
See you on Endur on on 26th Nov, 2024, when staking goes live.
