LEASH is a cryptocurrency within the Shiba Inu ecosystem, designed with a limited supply of 100,000 tokens to enhance scarcity. Initially structured as a rebase token, its purpose evolved to fortify the ecosystem. Users staking LEASH receive xLEASH tokens and become part of the xLEASH liquidity pool, earning 0.5% of all BONE tokens per block. Additionally, those providing liquidity with LEASH tokens participate in the LEASH-ETH SSLP, gaining a share of its benefits. This token's scarcity and staking mechanisms generate incentives for users to engage actively within the Shiba Inu ecosystem while fostering opportunities for rewards and involvement in governance.
How Leash (LEASH) Works?
LEASH operates on principles of scarcity and engagement, allowing holders to participate actively through staking and liquidity provision. Its limited supply of 100,000 tokens creates a sense of rarity, while the staking process offers rewards in other tokens, encouraging users to contribute to the ecosystem's liquidity and governance mechanisms. This strategic interplay of scarcity and engagement forms the backbone of LEASH's functionality within the broader Shiba Inu network, fostering an active and involved community.
Staking Leash (LEASH)
If you have an interest in generating passive income and increasing your wealth through cryptocurrency, particularly Leash (LEASH), Bitrue offers an exceptional staking, accompanied by distinctive features and advantages. Below, we'll delve into the ways you can optimize your staking experience on Bitrue to maximize your gains:
Power Piggy is the best way for Leash (LEASH) holders looking for straightforward and flexible staking solutions. Currently, Power Piggy (Flexible Staking) offers an Annual Percentage Yield (APY) of up to 20%. This allows you to accrue daily interest on your staked Leash (LEASH), which is then deposited into your Bitrue account. For Power Piggy, There are no lockup periods, making you completely autonomous over your Leash (LEASH) holdings, enabling withdrawals or trading on the exchange at any time.
To start staking Leash (LEASH) with Power Piggy, follow these steps:
Explore the available coins and their respective APYs.
Choose Leash (LEASH) and select a time period and APY that align with your financial goals and risk appetite.
Click "Stake now" for Leash (LEASH) and provide your investment details.
Confirm your Leash (LEASH) stake, and you're all set to earn daily interest.
Enjoy daily interest payments credited to your Bitrue account around 16:00 UTC.
Staking for Other Tokens and Long-Term Investments:
If you're thinking about investing your cryptocurrency investments for a longer time, the traditional Staking option might be a better fit. It offers higher rewards in terms of Annual Percentage Yield (APY). However, your tokens will be locked up for a set period. It’s worth noting that you can cancel the staking early, but you won't earn any interest during the locked-up period.
Browse the available coins and their respective APYs for different lockup periods.
Choose the cryptocurrency and lockup period that align with your investment preferences.
Click "Stake now" for your chosen coin and provide the necessary investment details.
Confirm your investment, and your coins will be staked for the specified lockup period.
Watch your earnings grow with the higher APY rewards while your coins are staked.
In a nutshell, Bitrue's Power Piggy and Staking options give you great chances to make money passively with Leash (LEASH) and other cryptocurrencies. Just pick the one that matches your financial goals and how much risk you're comfortable with, and you're on your way to a potentially better financial future. Happy staking!