Stakin To Support Staking For Polkadex Network

Polkadex

Oct 13, 2021

2 min read

Stakin To Support Staking For Polkadex Network

It is with great pleasure that Stakin announces that we are part of the initial mainnet validators for Polkadex Network. Polkadex is an expansive project made up of a handful of innovative solutions, such as a fully decentralized peer-to-peer order book-based cryptocurrency exchange for the DeFi ecosystem, all built on top of the Polkadex blockchain.

Stakin's validator address: esnwvboag6FUjHTT12hF475ahGSCb7LVtXiF2ABbDT2iVKeAs

The Polkadex blockchain is based on NPoS consensus, and thus allows anybody in the network to stake their $PDEX and help secure the network. It is therefore possible for anyone to ‘nominate’ validators by adding their $PDEX to the validators’ total stake. Through staking with a validator, one becomes a nominator and can start earning returns on their staked $PDEX. Currently, the annual percentage of yield (APY) from all validators is around 112%, however, this is expected to drop to around 10 to 15% APY depending on the validator.

As a trusted validator for other Substrate networks such as Polkadot, Kusama, Kilt, Stafi, and over 20 other blockchain projects, Stakin feels excited to support the Polkadex Network as a validator. We’re excited to assist in the further enhancement and growth of the blockchain and help to obtain its goals.  

“Polkadex and its peer-to-peer orderbook bring a must-have application to the Polkadot ecosystem. While AMM are thriving, decentralized exchanges with p2p orderbooks contribute to creating options for market participants and help make the ecosystem more efficient. With other interesting applications such as Polkapool and the IDO launchpad, we hope that Polkadex will become a leading DeFi Hub for the Polkadot ecosystem”  - Stakin Co-Founder and CEO Edouard Lavidalle.

Polkadex Network is built on Polkadot, a groundbreaking "blockchain of blockchains" developed by Parity that solves the previous issues of security, scalability, and interoperability that have hampered blockchain adoption. The network chose Polkadot, as it offers an opportunity to create a highly scalable and fully decentralized platform for a peer-to-peer and trustless token exchange.

For more information on validators in the Polkadex Network, please visit the article below.

https://polkadex.medium.com/validators-in-the-polkadex-network-932ec4596f3c

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering noncustodial delegation services. The company enables PoS cryptocurrency holders to earn interests on their holdings, and take part in decentralized governance while remaining in possession of their own cryptocurrencies.

Stakin serves institutional crypto players, foundations, custodians, exchanges as well as a large community of retail token holders. Driven by demand from institutional customers and the community, Stakin provides services for multiple blockchains including leading ecosystems such as Cosmos, Solana, Polygon, Polkadot, and more.

For more information about Stakin, visit the Website, Twitter, Blog, or join the Telegram and Discord community.


DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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