0xTodd🟥🟨🟦
0xTodd🟥🟨🟦|Mar 07, 2025 12:17
be more scared than hurt. Actually, I have analyzed several articles about the feeding mechanism of the RED oracle itself, and this time I want to talk about Staking Head Mine. After RED went live on Binance, they also started their own Staking Head Mine. I vaguely remember that the last time we switched from pre market to spot trading on Binance was with Usual. At the beginning of Usual, the APR of the local currency staking head mine was still very high. Although APY compound interest is written as 22000%+, in reality, the APR without compound interest is still over 500%, which is quite high. Because RedStone essentially started by feeding prices to various LSTs and LRTs, it has a good relationship with EigenLayer. From the beginning, Red can do re staking mining through EigenLayer. After checking, the APR is currently at 66%, which is not low. Because mRED is essentially an LRT, it can bypass some staking issues that require long-term lock-in. Miners can sell LRT at any time to exchange for liquid assets if they want to sell.
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