As a node staking platform on CSC, IFPool has operated stably and staked more than 100 million CETs. In the broader DeFi space, innovation has been continuous. The consensus mechanism of DPoS makes node staking have more financial attributes than early bitcoin mining.
First, users stake their native tokens to get more token rewards. This is a process of inflation. However, when a blockchain Ledger has enough applications, it can digest the new tokens generated every year. In fact, there is a more perfect scheme for the staking, that is to tokenization. The tokenization can increase the flexibility of staking and withdrawal, and bring liquidity to the staked native tokens.
Imaging that there are 100 million CETs staked in the node. However, they can not bring more profit to stakers except the profit from mining. If a staking token iCET (IFPool CET) is introduced，stakers will get an equal portion of iCETs When staking CETs,. Moreover, redemption requires to burn your iCETs. So to some extent, the iCET actually plays a role of CET. It’s worth as much as CET, which is like a check that can be cashed in a bank.
It is very valuable to bring liquidity token to the node staking and extend the DeFi chain. Therefore, we are planning a major upgrade to IFPool to change the original staking logic and introduce the liquidity token into staking and redemption.
After the iCET is introduced, the following scenarios can be realized:
1. The yields of node staking will be diluted by the ratio of CET:iCET, and all iCET holders share the income equally.
2. A iCET / CET trading pair will be launched, allowing users to stake and redeem easily in the secondary market.
3. iCET can play a role of asset pledge on lending platform. With 100 million CETs, we can provide users with TVL $6 million，as well as more deposit incomes.
4. More trading pairs related to iCET will be added，so that stakers won’t miss out the latest cryptocurrency market.
We will cooperate with WaterLoan and OneSwap in CET ecosystem to realize the above scenarios for iCET. For the lending platform, its TVL can increase without any loss for users. For DEX, the trading demand for staked token locking by node are released.
We will cooperate with WaterLoan and OneSwap in CET ecosystem to realize the above scenarios for iCET. For the lending platform, its TVL can increase without any loss for users. For DEX, the trading demand for staked token locking by node are released.
