Guide on How to Maximize Your ISLM Holdings through stISLM
If you’re looking for a way to stake your ISLM and still use it to perform other DeFi activities within the HAQQ ecosystem, you can simply convert your ISLM to stISLM. But what exactly is stISLM, and how can you make the most of it?
What is stISLM?
stISLM is the liquid version of staked ISLM. Each stISLM token you hold represents at least one ISLM you’ve staked. But stISLM allows you to participate in DeFi while still earning staking rewards. The best part is that stISLM also automatically compounds your staking rewards. So, by holding it, you’re getting two benefits in one: you have a token you can use in DeFi within the HAQQ ecosystem, and your staking rewards keep growing on their own without you having to lift a finger.
How to Get stISLM
You can liquid-stake your ISLM and get stISLM on Stride Zone: Click here
Alternatively, you can get stISLM directly on SushiSwap or Osmosis. Swap for stISLM on Sushi: Click here
Swap for stISLM on Osmosis: Click here
How to Put stISLM to Work
Earn More with Compounding: Simply holding stISLM allows you to take advantage of auto-compounding. Your staked ISLM will grow over time because your staking rewards are continually reinvested and staked. Provide Liquidity: You can deposit your stISLM on DeFi platforms like SushiSwap and Osmosis as liquidity. This allows you to earn a part of the transaction fees the platforms charge when users trade on them. This gives you an additional yield on top of your staking rewards. Watch this video on you can provide liquidity on Osmosis
Check this step-by-step ISLM liquid staking guide and video tutorial for staking on Stride, transferring stISLM to HAQQ, and providing liquidity on Osmosis. You can do even more with your stISLM. As the HAQQ ecosystem grows and expands, new protocols are being developed to further enhance its utility. Keep an eye out for our upcoming DeFi lending platform. HAQQ users will soon be able to borrow against their stISLM to access new liquidity.
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