For neophytes, decentralized finance can seem gloomy; some will say that it is everything you don’t understand about blockchain combined with everything you don’t know about finance. Its complex nature makes it a lot harder to attract a mainstream following.
We cannot boldly call this financial architecture “open finance” if new users have to pass through complex loops to participate in yield farming or trade DeFi derivatives — hence, the need for simplified interfaces that democratize DeFi and make it accessible to a larger audience.
Cocoricos is a carefully designed platform that curates all the yield-generating opportunities of DeFi and presents it to users seamlessly so that they do not have to bother with any technical jargon. As such, we have streamlined the DeFi processes without imposing extra fees or initiating systems that would dilute its elements of decentralization.
Ethereum 2.0 use case
When you’re not a tech-savvy crypto enthusiast, it is very difficult to stake Ether (ETH). Staking pools have already surfaced to address several issues. They save ETH hodlers from registering as validators and immediately placing 32 ETH and waiting for the lock-up period to end. However, a 12% APY appears low in the crypto world, even if it’s in Ether.
The EGG Protocol makes it possible to over-incentivize the Eth2 farmers via the Cocoricos.io platform by offering better advantages than the existing pools and by adding an extra EGG reward of 142% APY!
Cocoricos advantages to stake ETH:
- Receive two rewards (ETH + EGG) instead of one.
- No need to deposit 32 ETH anymore.
- Benefit from Ethereum’s price variation.
- Stop staking whenever you want.
- Guaranteed rewards after the locking period.
- Cocoricos’ fee: 0.00%.
- Reduce the gas fee by sending a simple token instead of staking by yourself.
- Track rewards in real time from your profile.
How to participate?
The team has made it easy for participants to join the ETH staking.