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RUNE Pool: Simple Staking, Big Rewards

thorchain

From THORChain realms

ShapeShift has introduced an exciting new feature: the RUNE pool, offering single-sided staking specifically for RUNE. This update is perfect for anyone looking to earn RUNE rewards while making the most of ShapeShift’s flexible DeFi tools.

Let’s explore how you can stake FOX, get rFOX, and start earning RUNE, all while leveraging the innovative possibilities ShapeShift provides.

Why Single-Sided Staking for RUNE Is a Game-Changer

If you’ve been involved in DeFi, you’re likely aware that staking can sometimes be tricky—especially when you have to pair assets and deal with the risk of impermanent loss. The RUNE pool on ShapeShift simplifies this process by allowing you to stake RUNE on its own. No need to worry about pairing; just stake your RUNE and let the rewards come in. This straightforward approach is ideal for building up your RUNE holdings without the usual hassle, all while staying connected to the THORChain ecosystem.

But the real potential of this feature shines when you combine it with ShapeShift’s broader DeFi ecosystem.

How to Stake FOX, Get rFOX, and Earn RUNE

ShapeShift’s money lego concept is designed to help you get more from your assets. Here’s a step-by-step guide:

  1. Stake Your FOX: Start by staking your FOX tokens on ShapeShift. In return, you’ll receive rFOX tokens on Arbitrum, which represent your staked FOX and unlock additional features and rewards on the platform.
  2. Earn RUNE with rFOX: Once you have rFOX, you can use it to start earning RUNE rewards. This is where ShapeShift’s money lego system comes into play—using one asset (FOX) to generate rewards in another (RUNE). It’s all about maximizing the potential of your assets.
  3. Expand Your RUNE Portfolio: As you accumulate RUNE, you can further engage with the THORChain ecosystem, stake more RUNE, or explore other DeFi opportunities available through ShapeShift.

ShapeShift’s Money Lego: Building a Stronger DeFi Strategy

The beauty of DeFi lies in the ability to stack various financial tools—often referred to as money legos—to create more complex and rewarding strategies. ShapeShift makes this easy by offering a platform where you can manage and grow your assets across different blockchains.

What ShapeShift Offers:

  • Customizable Staking: Whether you’re staking FOX to earn rFOX or engaging in single-sided RUNE staking, ShapeShift provides the flexibility you need to tailor your strategy.
  • Cross-Chain Functionality: ShapeShift isn’t limited to just one blockchain. You can move, stake, and trade assets across multiple chains, giving you a wider range of options in the DeFi space.
  • Integrated Portfolio View: ShapeShift allows you to manage all your assets in one place, giving you a clear overview of your portfolio and making it easier to stay on top of your investments.
  • Smooth Trading Experience: Trading assets on ShapeShift is easy and seamless, whether you’re dealing with FOX, RUNE, Bitcoin, Ethereum, or any other supported tokens. This ensures you can easily implement your money lego strategy.

How to Access the RUNE Pool on ShapeShift

Getting started with the RUNE pool is straightforward. Visit app.shapeshift.com and connect your wallet. Once you’re in, head over to the Earn tab. There, you’ll find THORChain Savers—this is where you can stake your RUNE and start earning rewards. It’s quick and easy to get set up.

Why This Feature Is Important

As the DeFi space continues to evolve, having tools that simplify your strategies and enhance your returns is essential. ShapeShift’s new RUNE pool with single-sided staking isn’t just another feature—it’s an opportunity to tap into the full potential of DeFi, without the usual complexities. By combining staking with ShapeShift’s money lego system, you’re setting yourself up to get the most out of your assets and navigate the DeFi landscape more effectively.

Final Thoughts

The RUNE pool on ShapeShift is more than just a staking option—it’s a gateway to new opportunities in DeFi. By staking FOX, earning rFOX, and collecting RUNE rewards, you’re leveraging a system designed to maximize your assets. ShapeShift is committed to making DeFi more accessible and flexible, so whether you’re an experienced user or just getting started, this is your chance to build a more robust and rewarding DeFi strategy.