The exponential growth of DeFi in the current blockchain sphere has been seen as a thing of joy and the involvement therein has not gone unnoticed. This progress has witnessed the rise and fall of many startups and the intriguing growth of DeFi globally.
Amazingly, over the past few years, DeFi has increasingly grown to be difficult for both investors and enthusiasts to handle, simply because of its expansive nature and complexity.
If you are well-drilled in the crypto space you'll notice that new tokens from different projects are announced daily. With the increase in staking models, xToken is very well-equipped to bring about simplicity and accessibility.
xToken is an asset management platform that provides ERC20 wrapper tokens for staking, governance, and liquidity strategies. You can stake tokens like KNC, SNX, AAVE and get the corresponding xTokens (xKNC, xSNX, xAAVE) in return.
xToken equally offers simple set-and-forget tokens that provide simplified exposure to the returns from participating in staking protocols with fixed earning strategies to increase the value of xTokens.
Interestingly, a proper staking solution has been provided that allows investors to:
Furthermore, xKNCa is the most preferred option for investors looking at maximizing their staking returns and accruing KNC.
Also, xKNCb will always vote to increase reserve rebates. This is likely the best option for reserve managers and investors who believe that incentives to liquidity providers are the best way to grow the network.
Finally, xKNC may likely play a major role in protecting investors in certain countries from the difficult tax liabilities that usually comes with fee-generating tokens. It is normally advisable to reach out to your accountant before making any decision on this basis, but xKNC comes with the added benefit of simplifying your investment into a single buy at the beginning of your investment horizon and a single sell at the end.
