What is SGT?
SharedStake is fundamentally a decentralized finance project that facilitates staking on Ethereum 2.0. Ethereum 2.0 is a significant upgrade to the existing Ethereum blockchain, transitioning it from a proof-of-work (PoW) system to a more sustainable proof-of-stake (PoS) mechanism. This change promises greater energy efficiency and scalability.
The central aim of SharedStake is to provide an easy-to-navigate platform for users wanting to stake their Ether (ETH). In doing so, they can earn passive income while retaining control and liquidity over their staked assets. Unlike traditional financial products, where funds are often locked for extended periods, SharedStake allows users to stake any amount of ETH while keeping it relatively liquid.
As a DeFi project, SharedStake emphasizes decentralization and user empowerment. By removing the barriers typically associated with staking—like hefty capital requirements and complex technical processes—SharedStake positions itself as an inclusive platform for a wide range of users.
For details, please read: What is SharedStake?