Liquid staking plays a crucial role in the finance ecosystem by unlocking the liquidity of staked assets (like ETH). It enhances capital efficiency and improves liquidity: two pivotal points for the growth and stability of decentralised finance.

Simply, liquid staking allows users to stake tokens and simultaneously use them in the larger ecosystem. This is made possible by wrapping the staked tokens and providing users with a wrapped token that is a claim on the underlying collateral.

Liquid staking permits users to stake and unstake their tokens without being beholden to a lock-up period. Furthermore, liquid staking enhances network security on the PoS chains.

Through liquid staking derivatives, users can represent their staked assets, enabling them to participate in DeFi activities and earn additional yields on top of their staking rewards. As of 2023, liquid staking protocols contribute to more than 31% of the total value locked in DeFi, indicating the significant impact and adoption of liquid staking solutions.

FITE Shines Brighter

For all the good that liquid staking did, there are some untapped potentials which made FITE shine better.

Potentially Higher APR

While enjoying the same liquidity without a locking period, FITE offers an Annual Percentage Rate (APR) that is potentially higher than liquid staking. This is made possible by allowing professional FITERs to tap into the lucrative trading market, potentially increasing the profits and APR.

Diversified Earning Opportunities

Introducing new FITERs in stages on the platform means you can diversify your earnings through different FITERs. What’s even better is you can validate all available FITERs to effectively increase your daily earnings.

Transparent FITER Profiles

Detailed FITER profiles include introductions, profit pools and trading performances. Transparency enhances user trust and understanding of the platform. This information allows you to make better-informed decisions.

FITE Buddies

FITE Buddies, our referral program electrifies and makes earning fast. You earn extra Buddies Commission whenever a new Buddy is referred and qualified. Buddies Commission of up to 20% and up to 2 levels are rewarded on top of the FITE Rewards.

Strong Community and Expansion Plan

FITE fosters community interaction and sharing through Twitter, Telegram, Discord, Instagram and YouTube. Spaces for you to learn, ask around, joke inside and ultimately have fun together. We have a list of future developments brimming with possibilities. You already know that more FITERs will be brought in and more campaigns will be introduced. But it will not end there.

How FITE Works?

Validate

Start by connecting your wallet. Make sure your wallet has sufficient USDT for validating as well as sufficient ETH for network fees.
Select FITER and specify the USDT amount you wish to validate. The amount must be between the minimum and maximum limit.
Once completed, liquid token (ftToken) will be issued based on the validated (deposit) amount and a predefined ratio.
Validated Amount x Ratio = ftToken Amount

Earn

FITE Rewards are generated based on the ftToken held and the latest Annual Interest Rate (APR) of the FITER. You can always refer to www.fite.io for the latest APR.
FITE Rewards = ftToken Amount x APR
Once validated, FITE Rewards are accrued on a daily basis and accumulated automatically. What you need to do is just to claim them. Claimed rewards in USDT will be transferred to your wallet.

Invite

Invite your Buddies by sharing your unique link either directly or through social media. Once they connect wallets, you can track your Buddies and start earning Buddies Commission when all conditions are met.
Buddies Commission are generated based on the FITE Rewards claimed by each of your Buddies and the Commission Rate.
Buddies Commission = Your Buddies’ FITE Rewards x Commission Rate

Quit

As long as you remain validated, you continue to earn FITE Rewards. Still, FITE offers the flexibility to Quit anytime. The Quit process will initiate burning of ftToken and transferring of your original assets (Eg: USDT) back to your wallet.
Once Quit, you will stop receiving both FITE Rewards and Buddies Commission.