ASX Capital Integrates stCORE to Enhance the ASX Ecosystem's Performance

Decentralized Finance offers its users various reward earning strategies that range in difficulty from simple to complex, and ASX's goal is to incorporate these strategies into the baseline operating system of the ASX ecosystem.

Decentralized Finance offers its users various reward earning strategies that range in difficulty from simple to complex, and ASX's goal is to incorporate these strategies into the baseline operating system of the ASX ecosystem.

Today we cover a new development in the world of defi, that being decentralized exchanges offering their users methods to earn rewards through staking or liquidity provision. We at ASX have been hard at work to integrate these strategies into the baseline operating system of the ASX ecosystem and offer our users new avenues to earn rewards.

In the latest update from the ASX team, we covered the basics of tokenomics and how they relate to the ASX ecosystem. In short, the more people that use ASX, the more valuable ASX becomes. This is due to the fact that a portion of all trading fees are used to buy back and burn ASX tokens.

With this in mind, ASX Capital has identified an opportunity to enhance the performance of the ASX ecosystem through the integration of a variety of yield-bearing tokens. Due to its focus on its expansion on the Core blockchain, the team at ASX has made the decision to launch our yield bearing liquidity with stCORE.

To understand stCORE, we must first understand the concept of liquid staking. In the case of CORE, there is a token called stCORE, which is designed to passively accrue value directly in its price via CORE staking rewards. At this time, stCORE is accruing Core staking rewards at an estimated rate of 7.25% per year.

By design, a portion of the value that accrues in stCORE is realized when it is sold back to CORE. This provides a significant boost to the potential price appreciation of the token, making it an ideal candidate for yield bearing liquidity on the ASX platform.

The process is simple, yet powerful. By migrating a portion of ASX — CORE liquidity to ASX — stCORE, ASX benefits directly from the accrued staking rewards built into the price of stCORE. Further, the ASX team plans to create a reward pool to align with ASX ecosystem contributors, providing additional incentives to ASX — stCORE liquidity providers.

In the coming weeks, ASX Capital will be announcing the launch of lstBTC, adding further ecosystem growth via liquid staked Bitcoin, a groundbreaking token currently under development in the Core ecosystem.

Additionally, ASX Capital has migrated a portion of its BNB liquidity to BNBx to enhance growth on BNB chain.

Next up will be liquid staking LP reward pools, so keep an eye out for these new reward earning staking positions!

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