TechFlow News, May 22, 2023 — KingHash, a core member of NodeDAO, announced on its official social media that in the first month since FIL Staking launched, the total liquidity staked has exceeded 500,000 FIL, and the platform's TVL has surpassed $2.5 million.
NodeDAO is a decentralized autonomous organization composed of experienced blockchain solution providers, with founding members including KingHash, ChainUp Cloud, XHash, New Huo Tech, and Spider Pool. The organization enables token holders to lease storage capacity for staking while providing storage providers with enhanced liquidity, building a stronger and more efficient staking ecosystem by connecting token holders and storage providers.
As one of NodeDAO's core members, KingHash aims to create a fully automated Filecoin liquid staking system based on the FVM. Users depositing FIL receive newly minted NFIL tokens at a 1:1 ratio. Additionally, users can instantly exchange NFIL for FIL on public markets when liquidity is needed. To date, over 150,000 FIL have been staked in KingHash's FIL-NFIL liquidity pool.
