Similar to liquid staking, FITE allows users to Earn and Quit without a locking period. While staking providers pool and route the deposits to blockchain nodes for validating the network, FITE routes the deposits to various CEX/DEX for trading. Users’ original deposits are not locked up for validating the network, which also means that users are not exposed to the risk of slashing. The original deposited assets can always be withdrawn upon Quitting. What makes FITE shine is that FITERs can often offer a more attractive APR based on their trading performance, ranging from 100% up to 120%.
As the name implies, First In To Earn ensures that early adopters enjoy the highest rewards possible. This will be achieved through several rewards schemes and mechanisms which benefit early joiners.
FITE is actively looking to expand the list of FITERs, offering opportunities for users to Earn scalable rewards. FITERs have different profiles, which are showcased in detail. It’s up to the users to decide based on their risk appetite. Users may also choose to validate all of the FITERs available, effectively speeding up their FITE Rewards.
When FITE is conceived, FITE Buddies is an inseparable part of it. It may seem like an ordinary referral program, only it electrifies and makes earning fast. Users earn Buddies Commission whenever a new Buddy is referred and qualified. Buddies Commission of up to 20% are rewarded on top of the FITE Rewards.
Still, we believe no matter how rewarding FITE is, the real fun lies within its community!