Omnichain Liquid Staking Token (xETH)
Omnichain XETH
XETH is a special interchain or omnichain liquid token that allows MultichainZ stakers/users to mint and receive the token instantly on any preferred destination chain on the supported chains e.g Layer-2s, EVM chains.
With MultichainZ Protocol you can earn rewards by staking your ETH. With as little as 0.000001 ETH, you can deposit and receive xETH liquid staking tokens. Unlike other rebasing tokens, xETH does not rebase, and the number of tokens on your wallet will remain constant.
The value of xETH will appreciate over time as it accrues staking rewards. Our protocol is designed so that the xETH price will always go up in ETH terms, reflecting your staking returns. This makes xETH a valuable asset that can be used directly as collateral in DeFi applications without the need for wrapping.
By staking with MultichainZ, you can earn rewards while watching your xETH tokens appreciate in value against ETH, as long as our node operators continue to generate staking rewards. Start staking with us today and reap the rewards!
XETH Use Cases
XETH enriches users with various strategies for optimizing their staking and investment returns:
Unstaking: Convert xETH back to ETH on supported DEXs, usually at a more favorable exchange rate.
Farming: Engage xETH in MultichainZ's farming protocols for additional rewards.
Liquidity Provision: Supply xETH to DeFi platforms to earn transaction fees and rewards.
Lending: Offer your xETH on MultichainZ's lending platform for interest earnings.
Borrowing: Leverage xETH as collateral to borrow other assets within the MultichainZ ecosystem.
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