Staking is a crucial way for cryptocurrency holders to generate passive income. The process is simple but a bit complicated when holding funds on different networks. DappRadar is the first to introduce cross-chain betting with minimal fees.

Evolution of the nature of staking

The traditional approach to crypto betting involves holding assets in an internet-connected wallet for longer periods. The longer a user bets, the better their rewards. It is a concept that has been around for almost a decade and is still a bit cumbersome when it comes to crypto assets on different blockchains. Running multiple wallets and maintaining them is a hassle, and a better solution needs to be found.

DappRadar is launching cross-chain tokens to make things more accessible. It not only helps users claim rewards from multiple blockchains, but also lowers overall fees. As a result, DappRadar can catalyze financial inclusion and ensure that users get the same APR for their assets at stake across all blockchains.

DappRadar CEO and co-founder Skirmantas Januskas adds:

“What we have built is for the benefit of users, especially margin-sensitive users in emerging economies. It also greatly improves the cross-chain user experience. The best part is that what we innovate is here and anyone can take it and use it. We care deeply about contributing to the blockchain industry and believe that we can reach much higher when we build together.”

DappRadar made a name for itself by analyzing various decentralized applications. The team is committed to a multi-chain future with a high degree of interoperability. The cross-chain staking approach applies to any blockchain that supports the native $RADAR token, allowing the approach to go beyond EVM-supported networks. All this is possible thanks to the zero layer protocol, which allows the communication of smart contracts between networks.

More profit per $RADAR

The native $RADAR token plays a key role in the DappRadar ecosystem. It is a utility token that can be earned by contributing to the DappRadar ecosystem. Additionally, 5000 RADAR holders can access PRO features, including exclusive analytics, content and reports. However, only 1 RADAR is needed to participate in governance.

The token is currently available on the Ethereum and BNB Chain networks, but will be coming to other blockchains soon. The next network supported by $RADAR will be Polygon. Users can trade the DappRadar token on major cryptocurrency exchanges including Huobi Global and Crypto.com.

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This post DappRadar Successfully Launches Cross-Chain Staking With Minimal Fees

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