FAQs

What is Multichainz Liquid Staking?

Multichainz Liquid Staking is a platform that allows users to stake their assets across multiple chains like Ethereum, Polygon, and Solana. In return for staking, users receive "xTokens" that represent their staked assets but in a liquid form, enabling them to participate in other financial activities without un-staking.

Why choose Multichainz?

Maximizing Yield Pool Solution: Built on a secure foundation, our Pool solution charges competitive fees and tokenizes deposits and rewards to optimize staking returns for users. If you prioritize yield, liquidity of your stake, and access to profit-maximizing opportunities in DeFi, this pool is for you.

Established Track Record - With the founding organisations having deep experience in handling various blockchain projects, and with decentralising the Ethereum staking network in mind, Multichainz has gone above and beyond to stress-test and perfect our system

Is Multichainz Safe to use ?

At Multichainz, we take every necessary precaution, including undergoing code audits, to ensure the safety of our platform. However, we still encourage users to conduct their own due diligence (DYODD) before making any deposits.

How does the slashing mechanism work?

Slashing ensures validators uphold the network's integrity by penalizing malicious or negligent actions. Slashing conditions are predefined, and any breach of these conditions leads to penalties. These penalties can range from warnings to substantial losses of staked assets or removal from the validator set.

Why was slashing introduced?

Slashing aligns the interests of validators with the overall health and security of the network. It acts as a deterrent against malicious activities, ensuring that validators remain honest, which in turn secures users' staked assets and the integrity of the "xTokens".

How can I provide feedback or suggestions about the staking or slashing mechanism?

Multichainz values community feedback. You can participate in our quarterly forums, webinars, or directly connect through our official channels to provide your insights and suggestions.

Can I unstake my assets anytime?

While "xTokens" offer you liquidity, there may be predefined periods for staking to ensure network stability. It's essential to review the terms of staking before committing your assets.

Are there any fees associated with staking or converting assets to "xTokens"?

There might be minimal fees associated with staking or converting assets to cover network costs and maintain our buffer reserves. Specific fee structures can be found in our detailed documentation.