BEPRO Network is preparing to launch its on-chain staking product for ERC-20 tokens based on the Ethereum ecosystem.
Announcing the move in a blog post this week, the company said it marks the beginning of what it describes as a “series of DeFi releases” to come during H1 2021.
BEPRO goes into some detail to explain how by using $BEPRO, consumers can acquire something known as “impermanent loss”. This means someone is both providing the liquidity necessary to develop an ecosystem but also stands to benefit from that without losing any momentum to their personal portfolio.
The liquidity is not “locked” as is usually the case; but rather, it can be withdrawn whenever at the behest of the consumer, which is liberating.
For example, when Ethereum began transitioning towards v2.0, it required consumers to leave locked in liquidity – which naturally discourages some consumers as it can quickly see the price of the currency depreciate before they are able to regain access and sell it.
So, why BEPRO Network on-chain staking? Put simply, BEPRO believes that this product is going mainstream and operators that aren't already offering it will probably want to get in on the action.
Staking is an important part of the market, BEPRO explained, but having the opportunity to enjoy the benefits of staking assets and not having them completely locked in will certainly prove a benefit to consumers.