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InfStones Platform Updates - Key Changes for February


InfStones Platform Updates - Key Changes for February
Feb 17,2023|Newsletter

InfStones Platform Updates - Key Changes for February

Here are our key platform updates for February.

InfStones Collaborates with CoreDAO to Provide API Support for its Airdrop Distribution

InfStones Platform Updates - Key Changes for February

This month, InfStones collaborated with CoreDAO to provide API support for its airdrop distribution. CoreDAO is the official organization that is developing the Satoshi Plus ecosystem. Satoshi Plus is a consensus mechanism that combines aspects of both Proof-of-Work (PoW) and Proof-of-Stake (PoS). 

CoreDAO is on a mission to build the strongest and most inclusive community in the Web3 industry. The organization is empowering communities that are building, utilizing, and interacting with the Satoshi Plus consensus mechanism. 

InfStones is also serving as a validator for the CoreDAO network. The InfStones validator node has been launched on the CoreDAO mainnet, and CORE holders can now delegate to it at any time. We look forward to helping to secure the network by serving as a validator, and we’re excited to see how the CoreDAO community continues to develop. 

You can learn how to claim your CORE airdrop with InfStones’ API here.

Overview of Stride’s Liquid Staking 

Stride is the leading multichain liquid staking solution in the Cosmos ecosystem, and it supports IBC-compatible tokens. Cosmos users can stake tokens on the Stride network from any Cosmos chain. 

With traditional staking, when tokens are staked, they are usually locked up for a period of time and are not liquid. However, with Stride’s liquid staking, a receipt token is issued once tokens are staked. These receipt tokens, known as stTokens, are liquid and can thus be used as collateral in other DeFi applications. 

Stride’s liquid staking frees users from the restraints of traditional staking and allows them to take advantage of other DeFi opportunities such as lending or providing liquidity while their staked tokens continue to earn rewards. Receipt tokens can be redeemed with Stride at any time to receive the original tokens and staking rewards.

You can learn more about Stride’s liquid staking here.  

Stay tuned for more updates next month. In the meantime, feel free to follow InfStones on Discord, LinkedIn, and Twitter.

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.