Albert Einstein said it best, "Compound interest is the 8th wonder of the world. Those who know it, earn it, those who don't pay it." This is profound coming from someone who was known more for his contributions to physics and science than to the economy. But, he is correct.
One of the great things about the Cosmos SDK proof of stake system is that when you stake, you earn an APR, or annual percentage rate, for as long as you are staking your coins. Think of it like real estate, except you don't have to fix leaky toilets, or pay someone too. All you are doing is staking your coins in the network, which helps strengthen it's security, so therefore, you get paid daily for doing so!
Did you know there is a tool that can be used to automatically compound your Cosmos Ecosystem tokens for you? This means you earn daily rewards, and instead of cashing them out, you automatically compound, or REStake your coins! This helps to increase your stake in the network and will earn you a higher daily reward. So all you do is hit a couple of buttons one time, and then the validator does the rest, and the gas is on them!
The best thing about it, is you are in full control! You can enable or disable re-staking at any time! So if you need the daily payouts, make sure re-staking is disabled. But in times that you don't need the payouts daily, you can turn on re-staking and sit back and watch your stacks grow and grow!
Not all coins can be re-staked. The only blockchains where re-staking can be enabled are ones that support the Authz protocol. This allows you to authorize your validators to compound your coins for you! For blockchains that do not have this enabled, we still have tools for you to easily compound your coins and tokens manually!
Come and REStake with carbonZERO on our application and watch your stacks get bigger! The best part about it is that without doing anything else, your auto-compounding stacks help us donate more to Ecologi for planting trees and supporting alternative energy projects across the world! So not only are you making that sweet, passive income, but you are doing good things for the environment!
We are carbonZERO
carbonZERO is a full service, eco-conscious validator node operator, providing infrastructure for several blockchain in the Cosmos ecosystem. We run top of the line bare metal servers with data centers that work to be carbon neutral. Our node architecture consists of frontline sentry nodes for ultimate security running TMKMS for double sign protection. We also run 24 hour monitoring on all nodes to help secure against any significant down time.
We are a small but highly passionate team, not only around blockchain validation, security, and decentralization, but also around protecting and preserving our environment for generations to come. This is why we have started our eco-friendly DAO where we donate up to 20% of our commissions to ecological projects around the world, primarily focused on planting trees to offset carbon emissions. Our DAO members help direct our donations through governance voting and proposals.
Stake your $EVMOS, $JUNO, $CMDX, $MNTL, $ROWAN, $HUAHUA, and $NOM with carbonZERO using our Restake app and if Authz is available, you will be able to auto-compound your tokens!
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You can track our tree planting progress on our Ecologi page!
Posted from my blog with Exxp : https://news.carbonzero.zone/2022/08/25/what-is-restake-auto-compounding-tool-for-the-cosmos-ecosystem/
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