Accumulated Finance Launches on Metis

With the latest move, Accumulated Finance is now available on multiple networks: ZetaChain, Manta, Metis, Ethereum, and BNB Chain – ZETA liquid staking is now possible with Omnichain ZETA Liquid Staking on Accumulated Finance.

In addition, it recently started supporting the Metis network too. Launch on Metis will allow Accumulated finance to deploy additional CRV/CVX/SDT incentives for stMETIS/METIS pool. Further, stMETIS integrations with Curve Finance, Convex Finance, Stake DAO, crvUSD, and other protocols such as Aave, Granary, crvUSD, Inverse Finance, Silo Finance, and more integrations with lending methods will also be explored.  xERC20-compliant cross-chain stMETIS transfers will be available without liquidity splitting. 

The ZetaChain’s staked ZETA is represented by the ERC-20 token stZETA. ZETA coins staked under liquid staking are distributed among several validators in numerous stakes.

ZetaChain staking rewards can be obtained by staking stZETA tokens on Accumulated Finance. On ZetaChain, Ethereum, and BNB, it is possible to mint stZETA using ZETA without paying any fees.

Previously Accumulated Finance had announced support for Manta network. The staked MANTA on the Manta Atlantic is represented by the ERC-20 token stMANTA. MANTA staked via liquid staking are distributed across several collators in several stakes. Accumulated Finance stMANTA token stakes will provide the Manta Network staking APR.

Accumulated Finance is a liquid staking and DeFi platform for the Accumulate protocol and ACME coin. stACME is an ERC-20 token that on the Accumulate protocol represents the staked ACME. 

Accumulated Finance’s governance token, ACFI, operates on a well-known and remarkably effective voting escrow paradigm. To take part in platform governance and receive a portion of platform fees, ACFI tokens have the option to be locked.

Because the Accumulated Finance LSTs are omnichain, users can use them in different DeFi protocols and for yield on peg arbitrage in the DeFi pool by transferring them between chains where they are present.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Lalit Mohan

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