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Soteria Launches Quick Stake Function

2 mins
13 May 2021, 14:28 GMT+0000
Updated by Imogen Searra
1 June 2021, 19:30 GMT+0000

Soteria, the popular insurance project on the Binance Smart Chain (BSC), officially launched a quick stake function. Users are able to enjoy the cumulative benefits of ten projects selected by Soteria with one click.

Previously, although Soteria allows ten-time leverage, users need to choose ten different projects on the official website by themselves to achieve their target profit, which can be a challenge for novice users. With the quick stake function, all Soteria members can directly enjoy the accumulated income of ten projects selected by Soteria through staking, which is convenient and fast.

To attract more members, Soteria adjusted the membership fee to 0.02 binance coin (BNB) based on the current BNB market price, which is great news for potential users. Currently, the ten projects selected by Soteria are Alpaca Finance, BSCEX, Goose Finance, PancakeSwap, autofarm, ApeSwap, BakerySawp, Midas Dollar, Value DeFi and beefy.

Among them, PancakeSwap, autofarm, and BakerySawp are all popular high-quality projects in BSC and even the whole blockchain market.

Soteria is mutual insurance based on BSC. As a mutual insurance platform, Soteria can provide insurance for losses caused by vulnerabilities in smart contracts and hacker attacks, as well as risk protection for DeFi products. At the same time, Soteria is also a community-based insurance platform.

Through betting tokens, users are both beneficiaries and risk-takers. Token holders can use the tokens they hold to determine how much insurance a project can have and whether to approve claims. On the premise of not losing the liquidity of their own assets, users pay a small premium to guarantee the security of their own transactions.

Soteria officially launched the market on January 13, 2021. On January 21, 2021 Soteria started its IFO, and over raised by 22.7 times, setting the highest record in Pancake’s history.

Subsequently, Soteria quickly covered the insurance business of various high-quality projects on BSC. Among them, PancakeSwap, BakerySwap, Blink, dForce, autofarm, and others have reached strategic partnerships with Soteria.

Since entering the market, Soteria has continuously stimulated the ecological construction of BSC and protected the safety of projects on BSC to the greatest extent. The launch of Soteria’s quick stake function and the reduction of membership fees will greatly attract more users to participate in the ecological construction. While promoting the expansion of Soteria, it will further enrich the ecology of BSC.


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