CryptoCurrencies
14024
Exchanges
500
Total Market Cap
2,571,056,845,544
Volume 24h
114,332,773,039
Dominance
BTC 50.86%   ETH 15.31%   USDT 4.28%   BNB 3.62%

ClayStack Staked MATIC
CSMATIC

0.7105
$
5.10 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 4.130
CSMATIC
$
# Exchange Pair Price Volume 24h

Description

ClayStack is a highly secure liquid staking protocol that unlocks the capital efficiency of staked assets in Proof-of-Stake (PoS) networks. It does that by issuing derivative tokens for every stake-able token that users deposit thus removing the need for users to lock their capital within the network to earn staking rewards. These tokens are known as csTokens, and they: a) are fully backed by the original tokens and b) increase in value over time as staking rewards accrue in these tokens. Since they are fully backed by the underlying staked tokens, they can be freely used as capital across the entire DeFi ecosystem.