Kana Labs is happy to announce that we are upgrading our staking services. As you might have seen from the recent changes made to our platform and our announcement a couple of weeks ago, we launched our aggregated staking services in the web app platform. The upgrade is part of a series of changes and additions we are making to our DeFi services, to provide our users with a more complete and comprehensive DeFi product suite. As part of the upgrade, our staking tool will now come with cross-chain capabilities alongside aggregation capabilities.
We at Kana Labs have taken an all-encompassing DeFi multi-chain approach towards our product suite. As part of this approach, we plan to accommodate numerous blockchains to our product suite which will be interconnected by merging them together with our Web3 middleware SDK. This enables us to facilitate cross-chain interoperability across the range of supported blockchain networks in our DeFi ecosystem, thereby ensuring that our users are able to make super-fast transactions with the best rates on all of their DeFi transactions.
In our staking aggregator, users are able to stake their tokens across multiple staking platforms of their choice for the desired blockchain under a single UI. Now, we are able to bypass the hurdles of being limited to staking tokens across just a single blockchain and allow users to stake their tokens across multiple staking platforms from different blockchains under a single UI. Users can take any token in their possession (even non-native tokens) from any blockchains we support and stake it on any desired blockchain made possible using our cross-chain bridge tech.
When users initiate a cross-chain staking transaction, our bridge aggregator selects the best route and processes the transaction almost instantly. The source token from the user is swapped to a different token belonging to the target chain and then staked in the selected staking platform.
We currently support staking in Aptos and Solana blockchains and we are working on adding staking from the Polygon blockchain to our aggregated cross-chain staking solution in the coming weeks. As we continue to grow our ecosystem, the number of supported staking dApps and blockchains will continue to increase allowing users to stake their tokens and earn rewards across a wider range of blockchain networks.
Happy Stakes!!! Happy Rewards !!!!
