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Krystal DeFi introduces new passive income opportunities by integrating liquid staking service providers Ankr and Lido

SINGAPORE, Nov. 25, 2022 (GLOBE NEWSWIRE) — Crystal DeFihas launched a multi-chain wallet that simplifies and meets all decentralized finance (DeFi) needs after its successful integration with Liquid Staking on its platform inc and Lido.

Ankr and Lido are liquid staking service providers that allow users to engage in additional DeFi opportunities after staking their tokens with a validator. New tokens are issued to the user which allow them to earn staking rewards while also participating in other DeFi earning strategies such as lending, yield farming or depositing tokens into liquidity pools.

To start, users can connect any non-custodial wallet to Krystal’s platform. Krystal shows an aggregated overview of all passive income opportunities for their wallet holdings and other tokens supported by the built-in protocols. Users can make their decision based on token type, APY and protocol type.

In addition to previous integrations with non-custodial liquidity markets Aave, Compound, and Venus, Krystal users now have an aggregate view of passive income opportunities for 100+ cryptocurrencies across 7 blockchain networks (Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Arbitrum, and Optimism).

Regarding this new integration, Sunny Jain (CEO, Krystal) mentions: “Recent market turmoil has led to a migration of funds from centralized to non-custodial wallets. Krystal’s mission is to create an easy-to-use platform that allows any user to access all DeFi in a secure and non-custodial manner. We are making progress with our new staking feature as it further empowers our users and helps their idle assets to work even harder for them during this time of high uncertainty. The security of the funds is the main concern of every user. Rather than integrate with a range of protocols, we chose to partner with Ankr and Lido as they have proven to be one of the most trusted platforms in the crypto space.”

The story goes on

Filipe Gonçalves (Head of DeFi, Ankr) adds: “Enabling stackers to maximize the potential of their assets with liquid staking has gone a long way towards solving the capital inefficiencies of blockchain ecosystems. On a platform like Krystal where users can conveniently access multiple DeFi services like token swaps and transfers, their addition of liquid staking options gives users more opportunities to earn passive income while contributing to the overall growth and value of the contribute to decentralized finance.”

Users can access Krystal’s latest service on the desktop and it will be available for the mobile applications (iOS and Android) in the coming weeks.

About arrival

As a liquid staking pioneer, Ankr develops next-generation solutions to support validation of 9+ proof-of-stake chains with an industry-leading node delegation system and security. With over $500 million in total locked value, Ankr is the 3rd largest Ethereum staker and provider of staking infrastructure for ecosystems like the BNB Smart Chain, Polygon and more.

About Lido

Lido is a 5 cryptocurrency liquid staking solution powered by industry-leading staking providers.

Lido seeks to address the issues associated with initial ETH 2.0 staking — illiquidity, immobility, and accessibility — making staked tokens liquid and usable in the growing DeFi ecosystems.

About Crystal DeFi

Krystal is a multi-chain wallet that simplifies and meets all your DeFi needs. With the convenience of a single platform, users can trade and bridge tokens, earn passive income, access cutting-edge portfolio management and market insight tools, and participate in token sales through the IDO launchpad KrystalGO. All features can be accessed from both the website and the mobile app (iOS and Android).

To date, Krystal supports DeFi services on 11 blockchain networks including Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Aurora Klaytn, Solana, and Optimism.

To learn more, visit https://krystal.app

Media contact:

Felicia Phua

[email protected]



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