stZIL (STZIL)

stZIL (STZIL) is a liquid staking protocol on the Zilliqa blockchain. It is based on the Avely protocol, which allows users to unlock staked ZIL and make it tradable, transferrable, and available for use in other decentralized finance (DeFi) protocols. By automatically restaking the staking rewards, the price of stZIL grows automatically. One of the key features of stZIL is that it eliminates the 2-week withdrawal lock, allowing users to easily trade stZIL to ZIL on decentralized exchanges (DEXes) without waiting.

The process of using stZIL is straightforward. Users stake ZIL or transfer their stake and receive stZIL in return. The smart contract automatically claims rewards and restakes them, leading to an increase in the price of stZIL. Users who exit the protocol receive the corresponding amount of ZIL based on their percentage of stZIL holdings.

stZIL is a ZRC-2 token that can be transferred between accounts like any other token. It offers a competitive commission rate, making it an attractive option for those looking to participate in liquid staking on the Zilliqa blockchain. Keep an eye out for the launch of this promising liquid staking protocol.