Prime Numbers Labs launches liquid staking on XDC Network, making masternode rewards accessible to all
Dubai, United Arab Emirates, 22nd Jan 2025 – Prime Numbers Labs, a promising ecosystem in decentralized finance (DeFi), has announced the launch of PrimeStaking, an innovative Liquid Staking solution on the XDC Network. This new system removes barriers to XDC masternode participation, allowing every XDC holder to stake their assets, earn rewards, and actively engage in the network’s ecosystem.
PrimeStaking XDC Liquid Staking Platform
Traditionally, running an XDC masternode requires 10 million XDC, KYC compliance, and advanced technical expertise – barriers that have excluded many users. PrimeStaking removes these obstacles, enabling XDC holders to stake their tokens, earn masternode rewards, and receive pstXDC, a liquid staking derivative minted at a 1:1 ratio. These tokens can be used across various DeFi protocols while the staked XDC continues to generate rewards.
The Liquid Staking process allows users to mint an XDC Vault through the staking platform, making it easy to start staking XDC. XDC Vaults provide several advantages, including a simplified staking method that removes the need for complex masternode setups and the associated costs. Prime Numbers Labs handles all the technical details, so users can stake XDC without any extra costs or technical knowledge. Moreover, these vaults are built to support a large user base and easily adapt to protocol updates. All Vault transactions are recorded on-chain, giving users a clear and transparent record of their staking activity. Additionally, audited smart contracts ensure the security of funds and maintain full transparency across all transactions.
A Look Into Masternode Vaults
For users with 10 million XDC tokens, Masternode Vaults provide a hassle-free way to enjoy masternode rewards. PrimeStaking retains only 0.35% of the 8% APY, with the remaining 7.65% going directly to the user. This solution eliminates the need for technical expertise and hosting costs, allowing users to focus solely on earning rewards.
PrimeStaking marks a much-needed step forward in making DeFi accessible and rewarding for everyone. With its innovative approach, Prime Numbers Labs is setting new standards for user-friendly and transparent staking solutions on the XDC Network.
About Prime Numbers Labs
Prime Numbers Labs is pioneering decentralized finance with PrimeFi, the first and only omnichain lending and borrowing protocol integrated with Hyperliquid. This innovative solution redefines DeFi liquidity by bridging assets across multiple blockchains, including Hyperliquid, Arbitrum, Base, and BNB Chain. Powered by LayerZero, PrimeFi minimizes on-chain borrowing risks while maximizing liquidity access.
About XDC Network
The XDC Network is a blockchain purpose-built to facilitate trade finance and tokenization of real-world assets (RWA). As an EVM-compatible Layer 1 network, it utilizes a delegated proof-of-stake (dPoS) mechanism to achieve rapid transaction speeds, near-zero gas fees, and high throughput. Designed for security, scalability, and efficiency, the XDC Network supports diverse blockchain applications and delivers advanced infrastructure for enterprise-grade solutions.
Frequently Asked Questions (FAQs)
1. What is Prime Numbers Labs?
Prime Numbers Labs is a decentralized finance (DeFi) platform that develops blockchain-based financial solutions. It focuses on creating tools for staking, lending, and asset management across multiple blockchain networks.
2. What is PrimeStaking?
PrimeStaking is a liquid staking solution developed by Prime Numbers Labs for the XDC Network. It allows users to stake their XDC tokens and receive a corresponding derivative token while continuing to earn staking rewards.
3. What is liquid staking in DeFi?
Liquid staking is a process where users stake their tokens while receiving a transferable token representing their staked assets. This allows them to maintain liquidity and potentially use the derivative tokens within other DeFi applications.
4. How does staking work on the XDC Network?
Staking on the XDC Network typically involves locking tokens to support network operations and earn rewards. Traditionally, this may require running a masternode with specific technical and financial requirements.
5. What problem does PrimeStaking solve?
PrimeStaking addresses barriers such as high token requirements, technical complexity, and setup costs associated with masternodes. It allows users to participate in staking without managing infrastructure directly.
6. What is pstXDC?
pstXDC is a liquid staking token issued when users stake XDC through PrimeStaking. It represents the staked amount and may be used within supported DeFi protocols while the original assets remain staked.
7. Do users need technical knowledge to use PrimeStaking?
PrimeStaking is designed to simplify the staking process, reducing the need for technical setup. Users can stake tokens through the platform interface, while backend processes are managed by the system.
8. What are XDC Vaults?
XDC Vaults are staking mechanisms within the platform that allow users to deposit tokens and participate in staking. These vaults manage the staking process and record transactions on the blockchain for transparency.
9. Is there a minimum requirement for masternode participation?
Traditional XDC masternode participation may require a high token threshold. PrimeStaking provides an alternative approach that allows participation without directly meeting those requirements, depending on platform rules.
10. How does PrimeStaking ensure transparency?
The platform records transactions on-chain and uses audited smart contracts. This allows users to review staking activity and verify processes, although outcomes may depend on network conditions and platform operations.
Media Contact
Organization: Prime Numbers
Contact Person: Farhana Meghami
Website: https://primenumbers.xyz
Email: info@primenumbers.xyz
City: Dubai
Country: United Arab Emirates
Release Id: 22012522806