According to the company’s representatives, users will receive the same annual interest rate for their assets across all blockchains

DappRadar platform launched cross-chain staking of RADAR tokens

01.07.2022 - 14:25


1 min

What’s new? DappRadar, an aggregator platform, has launched a cross-chain staking mechanism for the native tokens RADAR. According to the company’s representatives, this will reduce fees and receive the same annual interest rate for assets across all blockchains. The technology is implemented in partnership with the LayerZero protocol.

DappRadar’s blog

What else does the blog say? The technology also ensures that investors will not be limited to Ethereum Virtual Machine (EVM) compatible blockchains. Instead, cross-chain staking will be available on every network where the RADAR token is launched.

As of July 1, 13:30 UTC, the asset is trading at $0,05, down by 1,8% per day, according to CoinGecko.

DappRadar is an analytics service that provides data on decentralized applications (dApps), DeFi protocols, NFTs, and blockchain games. The platform collects data on 27 blockchains, including Ethereum, EOS, TRON, IOST, Loom, Ontology, and ThunderCore. The RADAR token was launched in December 2021.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy