18 Apr How and Why You Should Stake Your Xend Finance ($XEND) Tokens
When you consider staking cryptocurrency, the Xend Finance token ($XEND) should definitely be one of your first choices. It’s really a no-brainer and you’ll see why below.
Instead of keeping your $XEND tokens idle or converting them to your local currency, here is a better option – stake them!
Keep on reading to find out why.
Why Should You Stake Your Xend Finance ($XEND) Tokens?
When you stake your $XEND, you’ll enjoy a lot of benefits. Below are some reasons why you should stake your $XEND:
- There’s no cost and it’s simple!
It does not require expensive hardware to access. No expensive tools, hardware, or technical expertise is required.
- Earn unbeatable interest
It is a simple and effective way to earn a passive income, which in many regions of the world can be someone’s MAIN source of income. It requires little effort and can be completed with just a few clicks. You can earn up to 100% APR when you stake your $XEND.
- Increase your staking score and earn more benefits
Our native staking platform gives you a staking score, which is the score you get for staking for a long period. The more $XEND you stake and the longer the period you stake, the higher your staking score.
The higher your staking score, the higher the discounts you get when carrying out transactions on all our products.
- It is eco-friendly
Just like every Proof of Stake (PoS), staking your $XEND is a low-cost and energy-efficient alternative to Proof of Work (PoW).
- It is a better alternative to traditional passive investments.
You need very little money to stake $XEND as opposed to traditional passive investments.
For example, to invest in real estate, you need a couple of thousands of dollars to invest. You have to first spend months saving up just to invest and earn passive income.
But why go through all that when you can stake as little as $100 XEND and earn as high as 100% interest?
And remember, this is a low-risk investment.
Now that you know how beneficial it is to stake your $XEND, let’s talk about how you can stake your $XEND.
How to Stake Your $XEND on Xend Finance
Here is a step-by-step guide to staking your $XEND on Xend Finance:
- Go to https://stake.xend.finance/
- Click on “Connect Wallet” to connect your wallet to the staking platform.
- Pick an option from the three different wallets. Follow the instructions from your wallet to complete the connection.
- Once your wallet is connected, you will see something similar to this.
- It’s time to start staking. Choose one out of the three staking options on our platform. Each of them has a different time duration and an estimated interest rate.
- Input the amount of $XEND you want to stake and click on “Stake”.
- The amount you staked will be deducted. Complete the next steps of instructions from your wallet. Once you are done, this box will pop up.
You have successfully staked your $XEND.
This is the point where you relax and let your money do the work for you. Earn up to 100% interest, get more $XEND as bonuses, and enjoy discounts on transactions when you stake your $XEND.
So, tell us again. Why aren’t you staking your $XEND yet?
If you need any help, send an email to email@example.com or click on the chatbox on the Xend Finance mobile app to speak to our customer support team.