DappRadar’s cross-chain token staking is currently in operation. This is the industry’s first feature that allows users to bet and claim rewards on any chain, regardless of where they bet their RADAR tokens.
DappRadar supports native RADAR tokens, making it easy for investors to earn staking rewards on any blockchain.
This is after the Dapp store and dApps data tracking platform Release Thursday’s cross-chain staking solution. According to the DappRadar team, RADAR holders can now bet tokens on one blockchain to claim bet rewards and withdraw bet tokens to another chain.
🎯 Launched the industry’s first cross-chain token staking mechanism. This allows users to charge staking rewards on any blockchain and significantly minimize staking-related fees. Woohoo 🎊 pic.twitter.com/pnypWrc1RN
— DappRadar (@DappRadar) June 30, 2022
The launch of the cross-chain token staking solution will include Layer Zero, an interoperability protocol that enables cross-chain smart contract communication.
This protocol makes this possible for both EVM-compatible and non-EVM-compatible chains. That is, users are not restricted to blockchains that are only compatible with Ethereum virtual machines.
The platform said in a blog post that cross-chain staking support will be available on chains launched by RADAR. Simply put, RADAR stackers do not require a bridge to access staken tokens.
Also beneficial to the RADAR staking community is that all supported blockchains have the same APR. The lack of bridging also means that users do not have to pay the associated high gas charges.
Skirmantas Januskas, CEO and co-founder of DappRadar, press releaseThe platform product was built with the user, “Especially sensitive to marginsPlease keep in mind.
He pointed out that innovation has become available elsewhere in the blockchain industry, and the community has “Build together.. “
DappRadar hosts and tracks over 10,000 dApps across over 45 blockchains and protocols, providing data and insights on DeFi, NFTs, games and more.