What is Tosdis EasyStake: DeFi As a Service
What is Tosdis
We are entering the era of Proof of Stake and everyone is all about staking and blockchain interoperability. And while many projects and pools have made great strides in that direction, there still wasn’t one cross-chain dencetralized infrastructure with true real functionality.
Tosdis is the first-ever decentralized network that interoperates across chains and breaks down barriers to mass adoption. It integrates a flexible mechanism for smart contract staking, which will allow participants to lock and earn tokens on any ERC-20 tokens as well as tokens from other blockchains, such as Polkadot, BSC, Tron and more.
Staking-as-a-Service — a step up from PoS
We are gearing towards rolling out a one-stop solution for Staking-as-a-Service so anyone, anywhere can stake the coins of their choice.
Tosdis is positioned at the intersection where DeFi meets DAG with its revolutionary interoperability protocol that connects any blockchain to our high-speed, low cost network and leverages decentralized synthetics to enable cross-chain staking of any ERC-20 or other tokens.
Powered by the deflationary TosdiS Token, Projects will be able to allow their holders to stake tokens in return for staking rewards. The fees paid by projects for using Tosdis EasyStake will go directly into the deflation mechanism burning TosdiS tokens. This process will continue until 50% of all TosdiS token have been burnt.
This way we’ll be able to guarantee the sustainability and usability of the TosdiS token in the coming years. It will serve as a staking governance token — with valuable utilities, long term sustainability, a fair launch, and designed to add tremendous value to the Tosdis ecosystem.
Tosdis EasyStake Overview
The Tosdis EasyStake mechanism works like a high-yield decentralized savings account. The longer you stake on the network, the higher the rewards will be. There are some additional benefits as well.
The pool-based nature of the protocol means it is a group activity with multiple contributors for each staking project. We will be adding new projects to the network on a regular basis, starting with ERC-20 tokens and then expanding to include other blockchains, such as Polkadot, Tron, BSC and more.
Unlike other staking mechanisms, Tosdis EasyStake is incredibly flexible as users have the option to withdraw early, stake until full maturity, or withdraw somewhere in between. However, users who choose to leave early will forfeit some of their rewards, which will then be equally distributed among those who staked until the end.
The staking period for each project will be open for a limited time only and the pools themselves will also be limited in size. Creating scarcity will also incentivize participation, thus growing the user base of Tosdis.
Users are encouraged to stake in the projects until they reach full maturity as they will receive a share of the rewards of those who withdraw early. Thus participation and staying in the staking pools is encouraged.
The TosdiS token will be the main driver behind creating a sustainable ecosystem where users will earn it when staking other tokens.
The TosdiS EasyStake is the first product that we will launch in a line of projects and additional value-adding products. What will start with a new network enabling cross-chain staking, will continue to grow, unifying the entire blockchain ecosystem in a secure way, thus preventing centralization.