Earn instant, upfront yield with your crypto
| |
Flashstake is a new protocol that allows you to earn instant upfront yield with your crypto.Normally when you stake your capital, you earn your interest over a long period. With crypto, this typically means with each block. But as you know, money today is worth more than money tomorrow or in 12 months. Flashstake taps into yield-generating protocols such as Aave to generate interest. At the moment, you can stake USDC or ETH, but they will adding more strategies over time. Rather than earning X% over 1 year, you earn it all upfront, immediately, and your principal is returned at maturity. You can indeed early unstake too if necessary. As the protocol is new, they’re currently bootstrapping the strategies which means some of the yield is paid using their $FLASH token, however soon all the yield will be derived from the aforementioned underlying yield-generating protocols. Flashstake has already generated some interest from DeFi veterans such as Defi Dad and Anthony Sassal. Quick Links: submitted by /u/suburbiton |
