Since the entry of blockchain platforms under consensus mechanisms other than Proof-of-Work (PoW), the use of staking as a way to generate passive income has been one of the most profitable and environmentally friendly activities, due to its low energy consumption.
Since then, users who own assets in some of these platforms under the original or derived form of Proof-of-Stake (PoS) have been in the incessant search to make the digital assets available in their wallets profitable, either by delegating them to third parties to exchanging rewards to secure the particular network, or in the best case by becoming themselves a validator of the blockchain ecosystem, in exchange of course for rewards in the native token of the platform in question.
With a staking market cap of $633,544 (+7.47%) million dollars and an average reward rate of 14.95% according to data from StakingRewards, this sector continues to be one of the most lucrative in the blockchain ecosystem, which is why it deserves It is worth taking a look at the best options for staking with the shortest blocking time on the market.
Kira Network ($KEX)
Kira Network is a novel system under the proposed Liquid Staking technology that allows any investor to ‘staked’ any asset with their network (crypto, digital fiat, stablecoins and NFTs), at the same time obtaining passive income without having to sacrifice the blocked capital.
Kira achieves this by creating synthetic assets (sX) equivalent to the original asset (X) in its network, allowing the user the full non-custodial equivalent capital in all existing DeFi applications in the multi-chain system.
With their own proprietary Multi Bonded Proof-of-Stake (MBPoS) algorithm, they increase network security with each new token in play and do not create honeypots like other PoS solutions in the blockchain ecosystem.
According to the Kira Network development team, MBPoS solves the most common problems that the PoS consensus mechanism has in the cross-chain environment, namely: security leaks, death spiral and lack of value at stake.
Investors stake their fungible and non-fungible tokens to trusted validators at KIRA to mine new tokens. Thanks to MBPoS that support liquid participation, it is possible to participate in multiple IVOs (Initial Validator Offering) at the same time while maintaining liquidity.
This allows them to be able to freely trade or transfer all staked assets used in the crowdfunding process.
Kira Network owns its native $ KEX token, a novel financial mechanism used by the Judge Judge Man governance system to keep the network running rather than a typical growth coin as is the case with other PoS implementations.
KEX is used to induce the flow of value away from passive actors (non-delegators) and users who pay network fees - to delegators and validators (active actors) who guarantee the maintenance, security and availability of the KIRA Network .
KIRA introduces The Interchain Exchange Protocol (IXP), a fragmented Automated Market Maker (AMM) that supports asset exchange and order execution through inter-chain communication protocols.
Actively managed participation rates allow the KIRA Governance system to attract new delegates to drive security and increase network activity, thereby optimizing the revenue it generates for all stakeholders.
The combination of almost unlimited total stake value and unlimited number of non-sybil validators enables KIRA to securely process and settle cross-chain token transfers that would otherwise be impossible to trust with any other PoS blockchain currently out there.
Due to this technology, unbounding is unnecessary for those who do staking in Kira, since by using IXP they can undo the participation immediately by selling the asset with participation sX for the asset with participation X.
Author's Note: The opinions expressed here have nothing to do with the editorial line of PUBLISH0X and are the sole responsibility of the author. This is not promotional content or investment advice. Every investment carries risk and requires you to do your own research.
