August 15, 2020
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Stake eGold Tokens into the Centaur Pool & Earn CNTR Governance Token Rewards

We’re excited to announce that we will be supporting our partner Centaur to host their first staking pool. Users will be able to pool eGold tokens and be rewarded in governance CNTS tokens.

Centaur wants to combine the best aspects of CeFi and DeFi, with the goal of opening up classical finance to blockchain benefits, while also enabling broader access to DeFi products.

They are running a public event for their private staking products, to assess their platform’s robustness, educate users, and promote their innovative class of DeFi products.

Overview of Centaur liquidity pools

As part of the pre-TGE campaign, Elrond users will be able to stake eGold tokens into the Centaur pool and be rewarded with CNTR tokens. This will be an opportunity for staking eGold even before Elrond native staking opens for more.

Our partner will be validating their use of Zero-Knowledge Proofs for private staking, understand how their approach to staking is perceived by the public, and get useful input ahead of their official launch.

The pool is set to go live 1 week before the Centaur TGE event, which is scheduled for the end of September. Additional details about the process, pool & rewards will be made available by our partners in the days leading up to the event.

This article has been updated on October 01 2020, to reflect our partner's rebranding into Centaur, previously ProDeFi. Original title:

Stake ERD Tokens into the ProDeFi Pool & Earn PDT Governance Token Rewards

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Centaur

By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. Centaur applies a semi-decentralised approach to constructing solutions, leveraging on the transparency and security of decentralised architectures while providing a fail-safe layer through centralised systems and processes.

A decentralized network of oracles deployed across various protocols will power the transmission of information and data between the Centaur Chain and other blockchains, leveraging on our liquidity pool smart contracts as a micro-ledger. With support from our partners, both in the blockchain industry and traditional financial markets, Centaur plans to spearhead the transition to a fully decentralized ecosystem, while keeping solutions realistic and applicable during the process.

Author Profile Picture
Beniamin Mincu
Co-founder & CEO

Beniamin Mincu, the co-founder & CEO of MultiversX, is a distinguished tech visionary and one of Europe's early blockchain pioneers. With a notable background as Product & Business at Nem Core in 2014, he subsequently founded and led MetaChain Capital as its CEO. Beniamin continues to shape the future of technology and blockchain with his unwavering vision and leadership.

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Author Profile Picture
Beniamin Mincu
Co-founder & CEO
Published on
August 15, 2020
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