A Deep Dive into Tenderize's Switch N’Earn Campaign
At Tenderize, we're committed to revolutionizing the staking experience through our unified liquidity for ALL stake. In this blog post, we'll delve into our latest innovation: our awaited Switch N’Earn campaign. We'll explore how this campaign empowers stakers to maximize their rewards while maintaining control over their stake and preferred validators, and provide a step-by-step guide on how to participate.
Understanding Switch N’Earn:
Switch N’Earn is a campaign designed to enable stakers to seamlessly switch their delegation to their preferred validator while earning rewards, accessing Liquid Staking tokens and farming HATS. This campaign addresses a common pain point in the staking ecosystem by offering liquidity and Liquid Staking tokens to delegators.
How Switch N’Earn Works:
The Switch N’Earn process is simple and user-friendly, facilitated through Tenderize's intuitive dApp interface. Here's a step-by-step breakdown:
- Access the Tenderize dApp: Begin by accessing the Tenderize dApp through your preferred web browser or mobile device.
- Connect Your Wallet: Connect your Ethereum-compatible wallet that has staked to a validator to the dApp to access your staking portfolio and interact with the Tenderize protocol.
- Select Switch N’Earn Option: Navigate to the Switch N’Earn section within the dApp interface. Here, you'll find an option to initiate the switch to your preferred validator being it the current you’re using or a new one.
- Confirm the Switch: Once you see your validator, confirm the switch within the dApp interface. Tenderize will handle the delegation adjustment seamlessly in the background, ensuring a smooth transition without any downtime in staking rewards.
- Earn HATS Rewards: As a token of appreciation for participating in the Switch N’Earn campaign, Tenderize rewards you with HATS, our loyalty points. These HATS can later be converted into our governance token, $WAGYU, providing additional incentives for active participation.
Benefits of Switch N’Earn:
The Switch N’Earn campaign offers several key benefits to stakers within the Tenderize ecosystem:
- Flexibility: Stakers gain the flexibility to switch their delegation to their preferred validator without any hassle or downtime in rewards while accessing LSTs and farming HATS.
- Rewards: Participation in the Switch N’Earn campaign rewards stakers with HATS, which can be converted into $WAGYU, Tenderize's governance token.
The Switch N’Earn campaign represents a significant step forward in empowering stakers within the Tenderize ecosystem. By offering easy access to liquidity, flexibility, choice, and rewards, this campaign enhances the staking experience, ultimately contributing to the growth and decentralization of the overall staking ecosystem, one that has unified liquidity for all.
Ready to maximize your staking rewards and take control of your delegation? Join the Switch N’Earn campaign today and experience the future of staking with Tenderize. Visit our dApp to get started now!