Why I undelegated 1K+ $EVMOS - Plans to LiquidStake $EVMOS...

Hey All,

Its been a while that I undelegated my 1K+ $EVMOS and still there are three more days left before I could receive my liquid $EVMOS. Also it is imperative to know that you miss on your staking rewards when you undelegate your crypto assets from a validator. Details of which can be found here - Does Undelegating Crypto Assets Gets You Staking Rewards? - Answered with an Example. Liquid Staking has many benefits over delegating your tokens for staking rewards and for that reason I have been redirecting my funds to liquid stake them and then enter the DeFi space.

Undelegated $EVMOS for LiquidStaking

STRIDE platform is one of the first in place to bring this concept of Liquid staking, the platform offers the - The Liquid Staking Zone, where users can stake their tokens on Stride platform from any Cosmos chain. My plan is to take all these 1K+ $EVMOS and liquid stake them on the STRIDE platform. Currently, 1 $EVMOS gets you close to 0.86+ $stEVMOS - hence I would split all my liquid $EVMOS in a way so that I could enter the liquidity pool stEVMOS - WEVMOS on forge dex. And this would be my first entry to Forge Dex - which is an @EvmosOrg community owned DEX. The Forge Dex is an outcome of the Evmos community passed proposal #128, to build a Community Owned UniV3 DEX. As the rewards of the $STRD token will end in coming days on the Osmosis.App, it would be wise to move funds over to the Forge Dex. Hence this move on my side to leverage the liquid $EVMOS on forge, see how the rewards are in form on $STRD. And if things turn out to be lucrative then I would be further unbounding my assets on Osmosis over to the Forge Dex.

Have your say on $EVMOS & Liquid Staking...

Do you HODL $EVMOS? Did you hear about ForgeDex earlier? Are you plaining to leverage ForgeDex to liquid stake your crypto assets? Let me know your thoughts in the comment box below...cheers

Why I undelegated 1K+ $EVMOS - Plans to LiquidStake $EVMOS...

#evmos #liquid #staking #liquidstaking #forge #evmosorg #dex #stride #evmos #strd #forgedex

Best Regards

Image Credits:: app.evmos, forge.trade