CUDOS, being a DeFi project at its core, is no stranger to profit-seeking features like staking, an attribute similar to putting money in the bank but on steroids.
CUDOS Staking behaves very differently from conventional staking practices, however, as there are a few things that are only present in CUDOS’s arsenal, which not only sets it apart from other projects with the staking feature but also gives CUDOS investors a massive edge against those who aren’t with the Decentralized Cloud Computing Leader.
Besides this, CUDOS also offers investors and supporters alike the power to control CUDOS’s future endeavors thanks to its Governance feature. Voting on future subprojects, additional benefits, features that could work with CUDOS’s current business and development model, and more are possible in the ecosystem.
The staggering thing about this whole discussion is that CUDOS saw fit to merge these two features into one, offering investors the convenience and a lot more availability to harness their power over CUDOS, characteristic of its progressive vision when it comes to communities and organizations within the network.
Let’s talk more about this.
CUDOS is a project that needs no introduction. When you talk about Decentralized Cloud Computing in the cryptocurrency world, there’s a good chance that people will tell you anything related to CUDOS.
Its features deserve a little spotlight now and again, so let’s talk about Staking and Governance.
Staking in CUDOS is straightforward. You lock up CUDOS Tokens and expect rewards through realized APR yields of around 30%. There’s the limitation that you either have to be a validator, the CUDOS security and audit enforcer, or a delegator who stakes their CUDOS on a particular node, but once you got that covered, you are good to go.
However, besides this obvious benefit of promised profit, CUDOS adds a cherry on top by allowing entities who staked their CUDOS tokens to participate in the network’s governance. Users can partake in CUDOS’s decision-making process, from voting on proposals made by other visionaries in the network to upgrades in the platform in the tech, community, and governance aspects of CUDOS.
And with CUDOS’s governance system designed to be democratic and decentralized, allowing any stakeholders (delegators, investors, and validators) this feature is a definite success. The best part is that the platform’s governance process is indiscriminate, regardless of how many CUDOS tokens one currently holds.
Why is this great?
Besides the obvious financial incentive CUDOS staking provides its stakeholders, combining Staking and Governance, offers numerous advantages that other projects couldn’t have. For one, this encourages CUDOS stakeholders to stake more tokens in the process, as having a say in one of the most necessary DeFi projects in the industry is a feat that will mean a lot to visionaries.
Additionally, staking promotes CUDOS’s economic stability, as locking in CUDOS tokens also locks its value, which helps CUDOS and its stakeholders’ combat impermanent losses, which is common in most DeFi projects.
Staking and governance also promote the project’s decentralized nature. CUDOS’s staking and governing feature allow for a democratic and decentralized process. Everyone participates regardless of their role and the number of tokens held, promoting a fair and equitable distribution of power within the network.
These two features combined make for a perfect pair of offerings and incentives, making CUDOS a standout in Decentralized Cloud Computing models and projects.