Veno’s liquid staking token LCRO offers the most extensive, lowest cost, and most reliable method of utilizing your staked CRO.
We are a vertically integrated liquid staking protocol, maximizing the reliability and efficiency of our service; allowing us to provide a price-competitive service in the long term;
- Cost savings are achieved by leveraging our own node infrastructure and/or infrastructure of our partners
- Reliability is achieved with our enterprise-grade node set-up and deep expertise in running node infrastructure
- We also have an insurance module that will help to secure user funds in the unlikely event of a slashing penalty
We will aim to maximize the adoption and utility of our tokens across the ecosystem, and we are working with some of the largest ecosystem partners to make this happen;
- We want to maximize the liquidity of LCRO in the Cronos Ecosystem and beyond, attracting the largest amount of capital, and attaining the lowest spread, with our high reliability and low-fee promises
- LCRO is an auto-compounding yield-bearing token to maximize composability
- We can further maximize user liquidity by providing a tradeable NFT “IOU” after user unstakes their CRO
LCRO is the token receipt of liquid staked CRO that users will receive after staking CRO with Veno. LCRO is an auto-compounding yield-bearing token, where its internal exchange rate on Veno will increase over time when compared to CRO based on CRO staking yield on Crypto.org.
As users automatically accrue the CRO staking yield value in their LCRO token; LCRO can thus be used freely across the Cronos DeFi ecosystem. LCRO holders will be able to utilize them as collateral while earning staking yield and find immediate CRO liquidity with low fees, and many more.
How to Buy LCRO on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing LCRO. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing LCRO.
Step 5: Purchase LCRO
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of LCRO you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy LCRO.
Step 6: Store Your LCRO
After purchasing, you can choose to store your LCRO in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and LCRO assets, be sure to use a strong password and enable two-factor authentication.
LCRO Price:Liquidity staking allows users to stake and earn rewards without locking their assets in a protocol. To do this, users must deposit staking tokens into a staking pool and receive corresponding liquidity staking tokens as receipts. This way, users can use the tokens in the ecosystem for various yield strategies to maximize returns without needing to unstake.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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