Staking on Comdex’s Pool #601 Might Just Be One Thing You Are Missing

First off, you should always remember that Comdex is a decentralized commodities exchange network which focuses mainly on the buying and selling of physical assets via the use of transactions run through the crypto blockchain technology. This system of trading is known as commodities decentralized exchange, which is where the term COMDEX originated from.

The network launched a website separate from its main website. This site, the Comdex Web App, is used for trading commodities, especially synthetic assets (which are commodities transformed into digital representations of any cryptocurrency, of which CMDX — amongst other affiliated digital currencies — is the most considered in this case).

Okay, but do you know that besides the Comdex Web App, there’s another space where you can invest your CMDX tokens by staking in a liquidity pool known as Pool #601? You may not, which is why this article has been written.

It may likewise surprise you to know that in the Pool 601, you can have an annual percentage rate as high as 114%. What exactly is this pool about?

The Pool 601

Here, you provide liquidity by staking the Comdex and Osmosis blockchain official cryptocurrency tokens, CMDX and OSMO (respectively), which would be locked on a daily, weekly, or biweekly basis. The Pool 601 differs from the Pool 600 which features CMDX and ATOM (the official cryptocurrency token of the Cosmos network).

Locking your staked CMDX and OSMO means you will not be able to withdraw them until the bonding period is over. Only a percentage of 0.3 will be collected as swap fee.

• A 1-day locking will give you a 34 percent annual percentage yield of the amount which you staked.
• A 7-day locking will give you a 55 percent annual percentage yield.
• A 14-day locking will give an 68% APY.

You can earn yet even more via one unique method of staking.

Superfluid Staking

Also known as Superliquid Staking, this is a method of staking, in which investors can use the Pool 601 to provide liquidity, while representing and authorizing the CMDX and OSMO tokens with Osmosis validators.

It is safe method, provided for blockchains which run using the globally adopted Ethereum 2.0-related Proof-of-Stake (PoS) consensus algorithm.

The induction of superfluid staking was proposed in a governance proposal, and agreed upon.

According to Comdex, you (as someone staking in the Pool 601) are rest assured of the security while participating in the network’s decentralized finance.

This method of staking works on the strengthening of PoS cryptocurrency-based blockchains, expands the scope of the liquidity of the staking pools in these PoS ecosystems, and boosts the circulation of incentives to participants.

Earning on the Superliquid Pool 601

Now, you can earn a 68% annual percentage rate for locking your CMDX and OSMO tokens in a 14-day bonding period, and — as a result — gain incentives of nearly 30% in APY, participating in superfluid staking (which would give you an additional 15% APR). Altogether, you attain an annual percentage yield of nearly 115 percent.

A good feeling, is it not?

Join the Comdex community worldwide and become a COMet, get your CMDX and OSMO tokens, and join the superfluid staking pool to accrue massive rewards now.

About Comdex

Comdex is a decentralized synthetics protocol in the Cosmos crypto network; and as a product of the Persistence platform, Comdex develops possible solutions for the decentralization of finance (DeFi) by handing over to investors the knowledge about a widened scope of asset classes and rewarding projects.

Keep up with updates concerning Comdex’s monetization processes; follow up on:

Website | https://comdex.one/home

Academy | https://academy.comdex.one/

Web App | https://dev-cassets.comdex.one/

Pool 601 | https://app.osmosis.zone/pool/601

Newsroom | https://comdex.one/newsroom

Newsletter |www.comdexnewsletter.com/subscribe

Twitter | https://twitter.com/ComdexOfficial

Telegram | https://t.me/ComdexChat

Medium | https://blog.comdex.one

Reddit | https://reddit.com/r/ComdexOne/