Through Pool-X’s Liquidity Trading Market, users will be able to trade their staked assets with their non-staked, tradable counterparts, paying a certain amount of POL for the trading fee. Say a user has chosen “TRX-30 Days” on Pool-X and they want to sell the staked tokens when there are still 20 days left to maturity. What they can do is to sell the staked TRX in the Liquidity Market, pay some POL as the trading fee and get the same amount of unstaked TRX that is immediately tradable.
“We firmly believe in the future of PoS and the staking economy, though there are currently many pain points that hinder the popularity of staking, including a high barrier of entry and the associated risks like the liquidity risk, to name a few,” Johnny Lyu, co-founder of KuCoin, commented. “The goal of Pool-X is to bring liquidity to the PoS and staking markets, and the Liquidity Trading Market we launch today is a great move in that direction. When people realize that they can enjoy both staking rewards and high liquidity in one place, a boom in the staking economy can be expected.”
Pool-X was officially released in August 2019 as a PoS mining platform incubated and independently operated by the KuCoin team. By supporting lockup-crypto transactions, it aims to stimulate the future development of the PoS ecosystem. Services offered by Pool-X include, but are not limited to, a Liquidity Trading Market, Node Supermarket, and operational solutions.
POL (Proof Of Liquidity) is a decentralized zero-reservation credit issued by the Pool-X mining platform and is based on TRON’s TRC-20 protocol. They have a total supply of 1 billion. POL serves the role of credits for Pool-X, helping to record the flow of liquidity certificates and working as the payment method for liquidity bids. Ultimately, POL was created to cope with the inadequate liquidity of staked crypto assets. Due to their nature, zero reservations of POL are to be provided to the team or any individual upfront.
SOURCE KuCoin
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