ShapeShift has just introduced a new feature: the RUNE pool, which allows for single-sided staking focused solely on RUNE. This update presents a great opportunity for those looking to earn RUNE rewards while taking full advantage of ShapeShift’s versatile DeFi tools.
Let’s break down how you can stake FOX, receive rFOX, and start earning RUNE, all while navigating the innovative possibilities ShapeShift offers.
Why Single-Sided RUNE Staking Is a Big Deal
If you’ve been navigating the DeFi space, you know that staking often comes with its share of complexities—especially when you have to deal with liquidity pairs and the risk of impermanent loss. ShapeShift’s RUNE pool simplifies this process by letting you stake RUNE on its own. No pairing required, just stake your RUNE and watch your rewards grow. This straightforward approach allows you to build your RUNE holdings without the usual hassles, all while staying connected to the THORChain network.
But the real magic happens when you pair this with ShapeShift’s broader DeFi ecosystem.
Staking FOX, Getting rFOX, and Raking in RUNE
ShapeShift’s money lego concept is all about maximizing your assets. Here’s how you can get started:
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Stake Your FOX: Begin by staking your FOX tokens on ShapeShift. In exchange, you’ll receive rFOX tokens on Arbitrum, which represent your staked FOX and provide access to additional rewards and features within the platform.
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Earn RUNE with rFOX: With rFOX tokens in your possession, you can start earning RUNE rewards. This is where the power of ShapeShift’s money lego system comes into play—using one asset (FOX) to unlock rewards in another (RUNE). It’s a strategy that helps you get more out of your assets.
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Expand Your RUNE Portfolio: As you accumulate RUNE, you can further engage with the THORChain ecosystem, stake additional RUNE, or explore other DeFi opportunities available on ShapeShift.
ShapeShift’s Money Lego: Empowering Your DeFi Strategy
The essence of DeFi lies in the ability to combine different financial tools—often referred to as money legos—to build more complex and rewarding strategies. ShapeShift is designed to make this process easy, offering a platform where you can manage and grow your assets across different blockchains.
What ShapeShift Brings to the Table:
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Flexible Staking: Whether you’re staking FOX to earn rFOX or participating in single-sided RUNE staking, ShapeShift allows you to customize your approach to fit your strategy.
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Cross-Chain Compatibility: ShapeShift isn’t limited to a single blockchain. You can move, stake, and trade assets across multiple chains, giving you a broader range of options to explore in DeFi.
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Integrated Portfolio Management: With ShapeShift, you can manage all your assets in one place, providing a clear overview of your portfolio and making it easier to monitor your investments and plan your next moves.
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Effortless Trading: Trading assets on ShapeShift is seamless, whether you’re dealing with FOX, RUNE, Bitcoin, Ethereum, or any other supported tokens. This simplicity allows you to easily execute your money lego strategy.
Getting Started with the RUNE Pool on ShapeShift
Accessing the RUNE pool is easy. Visit app.shapeshift.com and connect your wallet. Once connected, go to the Earn tab, where you’ll find THORChain Savers. From there, you can stake your RUNE and start earning rewards. It’s a quick and straightforward process.
Why You Should Care
As DeFi continues to grow, having tools that simplify your strategies and boost your returns is crucial. ShapeShift’s RUNE pool with single-sided staking isn’t just another feature—it’s a gateway to more DeFi opportunities, without the usual complications. By incorporating staking with ShapeShift’s money lego system, you can enhance your asset management and make your DeFi experience more rewarding.
Final Takeaway
The RUNE pool on ShapeShift offers more than just a staking option—it’s a chance to dive into new possibilities in DeFi. By staking FOX, earning rFOX, and collecting RUNE rewards, you’re using a system designed to help you get the most out of your assets.
Ready to explore the RUNE pool? Start staking, earn those RUNE rewards, and see how ShapeShift can help you connect the dots in your DeFi journey—because at the end of the day, it’s all about making your assets work for you.
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