Recently, Unifyre announced its new decentralized finance (DeFi) staking platform, and PheonixDAO launched its PHNX staking plans. Over the past week, there has been growing support for the announcement made by Ferrum Network on its tie-up with PhoenixDAO. The crypto trading community seems super excited about the collaboration.
According to the announcement, the newly-defined relationship of PheonixDAO with Ferrum Network will lead to their first DeFi project that uses Unifyre’s novel staking platform. With this DeFi staking project, the users get maximum flexibility for executing cryptocurrency stakes. They also enjoy short time-frames and earn higher rewards with the novel staking mechanism.
The announcement also specified how PheonixDAO continues to work very closely with their correspondent team at Ferrum Network. Their efforts are directed towards the formation of a unified tie-up that delivers enormous benefits for the upcoming projects as well as the user communities of both companies. PhoenixDAO has been aggressively promoting this project across its social media channels, giving out hints that they are currently in the process of building a novel platform for the upcoming PheonixDAO Staking Event. Such partnerships are transforming the dynamics of the world’s leading automated crypto trading applications such as Bitcoin Lifestyle App.
Key details on PHNX staking
The PHNX staking includes a FLAME plan where users can stake a preferred amount of PHNX tokens for three months i.e., the total duration of the staking event and gain a 10% reward at 40% APR. This plan allows early withdrawal for high staking transactions.
The PHNX staking also includes an INFERNO plan with which users can stake their desired PHNX tokens for six months, which is the total duration of the staking event, and earn a 15% reward at 30% APR. This plan also allows early withdrawal features to users.
For several more reasons, the communities at PheonixDAO and Ferrum Network are stoked for this staking event. This partnership will not only strengthen their business relationship but also unlock doors for users to earn maximum PHNX rewards by being loyal and staking at peaks.