ShapeShift is featuring single-sided staking just for RUNE. This update opens up some cool opportunities, especially if you’re into stacking RUNE rewards while playing with ShapeShift’s money lego system
Let's break down how you can stake FOX, get rFOX, and earn RUNE rewards, plus a look at how ShapeShift is making DeFi accessible and flexible.
Why RUNE pool matters
If you’ve been around DeFi, you know that staking can sometimes get complicated, especially when liquidity pairs and impermanent loss come into play. Single-sided staking keeps things simple. With ShapeShift’s RUNE pool, you can stake your RUNE without worrying about pairing it with another asset. Just stake, sit back, and watch your RUNE stack grow. It’s straightforward, low-hassle, and a solid way to accumulate more RUNE while staying active in the THORChain ecosystem.
But the real fun starts when you combine this with ShapeShift’s broader DeFi tools.
Staking FOX, Getting rFOX, and Earning RUNE
Here’s where ShapeShift’s money lego system gets interesting. You can stake your FOX tokens and receive rFOX in return. This isn’t just a placeholder—rFOX opens up a bunch of opportunities within ShapeShift, including the chance to earn RUNE rewards.
How It Works:
1. Stake Your FOX: Start by staking your FOX tokens on ShapeShift. You’ll receive rFOX onArbitrum, which represents your staked FOX and gives you access to more rewards and features within the platform.
2. Earn RUNE with rFOX: Once you have rFOX, you can use it to earn RUNE rewards. This is where ShapeShift’s money lego system comes into play—using one token (FOX) to unlock rewards in another (RUNE). It’s all about maximizing your assets and making your portfolio work harder for you.
3. Grow Your RUNE Stack: With the RUNE you earn, you can dive deeper into the THORChain ecosystem, stake more RUNE, or keep building out your DeFi strategy on ShapeShift.
ShapeShift’s Money Lego: Where DeFi Gets Interesting
Money legos are what make DeFi exciting—they let you stack different financial tools and strategies to build something bigger and better. ShapeShift is making it easier to do this by offering a platform where you can manage and grow your assets across multiple chains.
Here’s What ShapeShift Brings to the Table:
Multichain Flexibility: With ShapeShift, you’re not limited to just one chain. Move, stake, and trade assets across multiple blockchains, giving you more options to explore and more ways to build your DeFi stack.
All-In-One Portfolio Management: Keep track of everything in one place. ShapeShift gives you a clear, holistic view of your portfolio, making it easier to stay on top of your investments and plan your next move.
Easy Trading: Trading between assets is smooth and seamless on ShapeShift, whether you’re dealing with FOX, RUNE, Bitcoin, Ethereum or any other supported tokens. This means you can easily put your money lego strategy into action without jumping through hoops.
Accessing the RUNE pool on ShapeShift is simple. Start by heading over to app.shapeshift.com and connecting your wallet. Once connected, navigate to the Earn tab in the menu. From there, locate THORChain Savers, where you'll find the option to stake RUNE in the RUNE Pool. Just select the RUNE Pool, follow the prompts, and you’ll be on your way to earning RUNE rewards while leveraging the full potential of ShapeShift’s DeFi tools.
Why This is a Big Deal
Having the right tools to build and manage your strategies is key. ShapeShift’s new RUNE pool isn’t just another feature—it’s a way to tap into more of what DeFi has to offer, without the usual complexities. By combining staking with ShapeShift’s money lego system, you’re setting yourself up to get more out of your assets.
Ready to see what ShapeShift’s money lego can do for you? Dive into the RUNE pool, start stacking those rewards, and see how ShapeShift can help you build a more connected, powerful DeFi strategy—because at the end of the day, DeFi is all about making your assets work for you.
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Learn More
https://medium.com/@ShapeShift.com
https://snapshot.org/#/shapeshiftdao.eth
https://warpcast.com/shapeshift