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Cryptoknowmics 2022-07-02 06:58:46

DappRadar and LayerZero Launch Chain-Agnostic Staking Token RADAR

DappRadar introduced RADAR Cross-Chain Token Staking to enable customers to claim stake rewards regardless of the chain on which their RADAR stakes. When RADAR officially starts on a chain, staking will be allowed, and APR will be the same across all chains, eliminating the need to bridge assets or pay gas fees to participate. 🔥 DappRadar allows community members to stake their RADAR tokens on one chain, and claim rewards on another. ➡️ Find out how: https://t.co/ZM86ZyFaKw — DappRadar (@DappRadar) July 2, 2022 Launched RADAR Token According to DappRadar, a collection of smart contracts offer the functionality for the recently launched RADAR token. The controller contract is one of the two contracts, while the proxy contract is the other. The new staking mechanism is made possible by the cooperation of the two smart contracts. The smart proxy contract receives requests to withdraw money or claim prizes. It interacts with the controller contract to ascertain whether the request is legitimate. The controller notifies the proxy to release the tokens if the request is legitimate. This kind of cross-chain staking, according to DappRadar, was previously unavailable everywhere. DappRadar also gave users access to documentation that explained how to use this new feature. Users can “stake [their] RADAR tokens on the Ethereum blockchain and subsequently get the prizes on BNB Chain,” according to the instructions. A portal for exploring...

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DappRadar and LayerZero Launch Chain-Agnostic Staking Token RADAR

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