Bitcoin

Mintlayer

Yield

Tornado

ERC20

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 <p class="paragraph">Mintlayer, a Bitcoin (BTC) layer 2 sidechain seeking to improve direct token interoperability and foster decentralized finance (DeFI), has launched a new staking program interface to streamline user experience and improve accessibility, as per the latest information shared with Finbold on March 21.</p>
 <p class="paragraph">Blending Mintlayer’s block explorer and Mojito wallet browser extension, the program allows users to stake their ML tokens and reap rewards.</p>
 <h2 class="wp-block-heading" id="h-mintlayer-s-staking-initiative">Mintlayer’s staking initiative</h2>
 <p class="paragraph">Mintlayer’s staking initiative is poised to empower a larger user base to engage in token staking activities.&nbsp;</p>
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 <p class="paragraph">Boasting an Annual Percentage Yield (APY) currently hovering around 198%, the platform stands out as one of the more enticing staking programs in the industry.</p>
 <p class="paragraph">Users looking to stake their tokens on Mint<a rel="noopener noreferrer nofollow" title="layer" href="https://thebittimes.com/tag/layer.html">layer</a> Mainnet have two options: they can delegate their tokens to an existing pool with a minimum requirement of just 1 ML token or establish their own pools for a potentially higher APY, with 40,000 ML tokens and node operation being a requirement.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-increased-network-engagement">Increased network engagement</h2>
 <p class="paragraph">Using the Mojito wallet browser extension alongside Mintlayer’s block explorer, the Mintlayer community can engage in staking with as little as a single ML token.&nbsp;</p>
 <p class="paragraph">It’s important to note that it’s imperative to stake the mainnet version of ML, as the ERC20 variant doesn’t support staking.&nbsp;</p>
 <p class="paragraph">So far, Mintlayer has seen the creation of almost 270 pools, with 27 million ML staked from 928 delegations.</p>
 <p class="paragraph">The enhancements to Mintlayer’s staking program are poised to entice a broader user base into ML staking activities, thereby fostering increased network engagement.</p>
 <h2 class="wp-block-heading" id="h-ml-on-the-bitcoin-sidechain">ML on the Bitcoin sidechain</h2>
 <p class="paragraph">In addition to securing the Mint<a rel="noopener noreferrer nofollow" title="layer" href="https://thebittimes.com/tag/layer.html">layer</a> network through <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a>, the ML token can be used to cover transaction fees on the Bitcoin <a rel="noopener noreferrer nofollow" title="sidechain" href="https://thebittimes.com/tag/sidechain.html">sidechain</a>.&nbsp;</p>
 <p class="paragraph">Diminishing over time, Mintlayer’s token emission schedule is similar to that of Bitcoin.</p>
 <p class="paragraph">As a Bitcoin Layer 2 solution, Mintlayer empowers developers to craft decentralized finance apps leveraging Bitcoin liquidity for real-world asset tokenization.</p>
 <p class="paragraph">In the near future, Mint<a rel="noopener noreferrer nofollow" title="layer" href="https://thebittimes.com/tag/layer.html">layer</a> aims to unleash the potential of native Bitcoin in DeFi applications through Atomic Swaps.&nbsp;</p>
 <p class="paragraph">Financial applications supported by Mintlayer encompass P2P trading via Atomic Swaps, real-world asset tokenization, security tokens, and digital collectibles.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-sidechain-mintlayer-unveils-new-staking-platform-offering-198-apy-tbt83195.html">https://thebittimes.com/bitcoin-sidechain-mintlayer-unveils-new-staking-platform-offering-198-apy-tbt83195.html</a></p>

Bitcoin sidechain Mintlayer unveils new staking platform offering 198% APY

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