Sasipong Magassa

Zero to Crypto

Joined May 2022

Contributions

Contributions Activity

Ultiverse was edited by

Sasipong Magassa

June 15, 2022 5:09 am

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Strategic Partnerships

Chainlink (cryptocurrency)

Competitors

Sipher

Decimated was edited by

Sasipong Magassa

May 29, 2022 5:27 am

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Investors

Competitors

Industry

Play-to-earn (gaming)

Ascenders AGC was edited by

Sasipong Magassa

May 29, 2022 5:15 am

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Competitors

Industry

Play-to-earn (gaming)

Ultiverse was edited by

Sasipong Magassa

May 28, 2022 9:31 am

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Number of employees

100

Strategic Partnerships

Competitors

Number of employees

150

Delysium was edited by

Sasipong Magassa

May 28, 2022 8:25 am

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B2X

B2C

CoinMarketCap was edited by

Sasipong Magassa

May 24, 2022 4:49 am

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Competitors

Industry

Decentralized cryptocurrency exchange

ClayStack was edited by

Sasipong Magassa

May 21, 2022 7:00 am

Article (+816 characters)

Introduction

ClayStack is a decentralized liquid staking protocol that unlocks the liquidity of staked assets in Proof-of-Stake (PoS) networks. Users can deposit tokens in ClayStack’s smart contracts, which issues csTokens that are fully backed and fully fungible. These tokens increase in value as they receive staking rewards from the network.

Users can also utilize these tokens to participate in other DeFi protocols. The combined yield from staking rewards and participating in DeFi compounds over time, increasing yields for the user.

csTokens

csTokens are standard ERC20 tokens that represent the claim to both the underlying staked tokens and the staking rewards. csTokens continuously appreciate in value with respect to the underlying token, abstracting away the complexity of staking, claiming and re-staking.