As multiple government entities and agencies across the world begin to question the legitimacy of virtual assets and even suppress cryptocurrency trading in some regions, investors have become increasingly anxious about the use of centralized exchanges.
At the same time, the rapid development of blockchain technology has accelerated the growth of the decentralized finance (DeFi) system. As a result, many experts and researchers believe that as institutions from various countries enter the encryption ecosystem, decentralization is an inevitable part of our future financial system.
The evolution of the decentralized encryption world has led to many new models and innovative ideas, many of which have been adopted by token projects. But the question remains: how can on-chain tokens gain more value over time? The proof of equity, or stake (PoS) mechanism and staking services have solved this issue.
The staking ecosystem has flourished in recent years since the release of the Ethereum 2.0 launch plan. Attracted by the transformation of its consensus mechanism from PoW to PoS, industry professionals are increasingly paying attention to the on-chain staking model.
Compared with Bitcoin which adopts the Proof of Work (PoW) mechanism, traditional financial institutions prefer non-energy-intensive public chain ecosystems such as Polkadot, Terra, and Cosmos that adopt the PoS consensus mechanism.
JPMorgan analysts Kenneth Worthingon and Samantha Trent identified where the biggest growth opportunities are in the crypto space in a recent report on staking. They concluded that “as Bitcoin and Ethereum increase in popularity, staking – the process of pledging one’s cryptos to pocket interest – will gain traction as a source of revenue for institutional and retail investors alike.”
The analysts also estimated that once Ethereum 2.0 is live, staking, which is currently a $9 billion business, will grow to $20 billion following the merging of Ethereum and could get to $40 billion by 2025 if PoS becomes the dominant protocol.
What is Newland?
Established in early 2021, Newland is a one-stop decentralized ecological platform incubated by Huobi Mining Pool. Having successfully deployed on HECO, ETH, and KSM, the aim of Newland is to integrate with multiple public chains, supporting one-stop DeFi lending, staking, aggregate mining, and multiple ecological services.
“Our goal with Newland is to make DeFi products easy to use. This enables us to lower the threshold for users to enter the DeFi world, allowing them to easily obtain higher asset returns,” said Josephine, Community Manager of Newland.
Decentralized staking on Newland is designed to help the average users participate in the staking ecosystem with only one click. After staking, the tokens pledged by the users are sent directly to the pledged project node (or validator). Newland has no fund custody, and the pledged assets are collected on-chain, which maximizes the security of users’ funds.
In addition, the nodes on the chain generate revenue according to the PoS rules of its public chain and distribute it to users through smart contracts, which are open and transparent throughout.
Newland provides an entry point for DeFi mining and aggregates multiple platform mining services, offering users multiple choices and security guarantees. In order to cater to various user needs, Newland features a variety of innovative functions such as leveraged mining, hedging free losses, and custom investment strategies.
Newland has opened two rounds of KSM (Kusama) slot auctions and continues to support the development of KSM ecology. Currently, Newland works with 20 Polkadot ecological projects and has helped eight projects including Bifrost, Khala, Crust, and Karura to complete the KSM slot auction; In the future, Newland will support DOT slot auctions and will continue to promote the development of ecological diversification.
What Makes Newland Different?
Cross-chain mining aggregator
A cross-chain mining aggregator, Newland provides a variety of assets including HECO, ETH, DOT, KSM, Terra and will be compatible with BSC, OEC, SOL, and other ecosystems in the future. By integrating the mining of tokens across multiple chains, the platform enables investors to acquire additional profits while depositing assets.
The Newland platform has secured contract audits from many auditing firms. Currently, all contracts accessed on the Newland platform do not have the authority to transfer user funds, therefore the risk of transferring assets is avoided.
Experienced product and technology team
The product and technology team has years of experience and strong technical knowledge when it comes to operating and maintenance node service. As of now, Newland has built more than 50 PoS project nodes.
Rigorous selection of high-quality assets
In order to reduce the risk of centralized management, the project team applies a strict mechanism to screen projects in the early stage, and the DAO governance organizing committee makes final decisions on the assets at a later stage.
Fast cross-chain transaction and high APY
Newland offers users a smooth cross-chain transaction experience and the annualized percentage yield (APY) of mining through participating in staking is relatively higher than competitive products. The platform currently airdrops 5 Terra ecological tokens and plans to increase it to 20 in the future. The platform continues to subsidize users, making the actual APY as high as 150%.
With the launch of Newland decentralized staking, the threshold for users to participate in the public chain of the PoS consensus mechanism has been greatly reduced. Without significant funds acting as a high barrier to entry, the average user can participate in staking on the platform anytime and anywhere.
In the future, can Newland stand out among many decentralized platforms? Can Newland continue to provide users with high-yield, convenient, safe, and decentralized services? Can Newland continue to contribute to the decentralized development of the blockchain industry? Let us wait and see.
Disclaimer: This is a paid post and should not be treated as news/advice.