{"id":455812,"date":"2021-02-02T13:36:16","date_gmt":"2021-02-02T13:36:16","guid":{"rendered":"https:\/\/wncen.com\/?post_type=press_release&p=455812"},"modified":"2021-11-22T06:20:22","modified_gmt":"2021-11-22T06:20:22","slug":"ethereum-2-0-staking-is-taking-defi-by-storm-cocoricos-skyrockets-its-mainstream-adoption","status":"publish","type":"press_release","link":"https:\/\/wncen.com\/press-releases\/ethereum-2-0-staking-is-taking-defi-by-storm-cocoricos-skyrockets-its-mainstream-adoption\/","title":{"rendered":"Ethereum 2.0 Staking Is Taking DeFi by Storm! Egg.fi (Formerly Cocoricos) Skyrockets Its Mainstream Adoption"},"content":{"rendered":"

Making decentralized finance easier<\/strong><\/em><\/p>\n

For neophytes, decentralized finance (DeFi) can seem gloomy; some will say that it is everything you don\u2019t understand about blockchain combined with everything you don\u2019t know about finance. Its complex nature makes it a lot harder to attract a mainstream following.<\/p>\n

We cannot boldly call this financial architecture \u201copen finance\u201d if new users have to pass through complex loops to participate in yield earning or trade assets \u2014 hence, the need for simplified interfaces that democratize DeFi and make it accessible to a larger audience.<\/p>\n

Egg.fi is a carefully designed platform that curates all the yield-generating opportunities of DeFi and presents it to users seamlessly so that they do not have to bother with any technical jargon. As such, we have streamlined the DeFi processes without imposing extra fees or initiating systems that would dilute its elements of decentralization.<\/p>\n

Ethereum 2.0 use case<\/strong><\/p>\n

When you\u2019re not a tech-savvy crypto enthusiast, it is very difficult to stake Ether (ETH<\/a>). Staking pools have already surfaced to address several issues. They save ETH hodlers from registering as validators and immediately placing 32 ETH and waiting for the lock-up period to end. However, an 11% APY appears low in the crypto world, even if it\u2019s in Ether.<\/p>\n

The EGG Protocol makes it possible to over-incentivize the ETH 2.0 Farmers via the Egg.fi platform by offering better advantages than the existing pools and by adding an extra EGG reward of 131% APY!<\/p>\n

Egg.fi advantages to stake ETH:<\/p>\n