Some analysts predict that the blockchain industry will be worth more than $21 billion by 2025. The total crypto market cap including Seesaw Protocol has already surpassed $1.9 trillion. Governments, businesses, institutional investors, and individuals are all becoming more positive about the evolving space, which was once defined by its tight-knit community and exclusivity.
With this newfound popularity, a fork in the road has appeared. We’ve reached the point in adoption where the number of people using decentralised technology has outgrown the technology’s capabilities. As a result, networks are frequently congested, and multi-chain solutions are in high demand.
Polkadot (DOT) and Seesaw Protocol (SSW) are two leading DeFi platforms fighting to tackle the issue of interoperability across blockchains. While new solutions are emerging in the crypto space all the time, not all of them offer lucrative rewards that investors can tailor to their advantage to grow their profits.
Let’s take a look at the rewards offered by Polkadot (DOT) and Seesaw Protocol (SSW).
Polkadot (DOT) solves Ethereum’s (ETH) scalability problem and has taken a sizable chunk of the crypto market share. Even though its fundamentals and roadmap point to a bright future, you can earn rewards directly by staking DOT on exchanges like Binance and Kraken, as well as wallets like Fearless Wallet.
Staking is generally seen as the #1 way to reap rewards from crypto, and DOT holders can either take on the role of validator or nominator. 160 DOT is required to become a validator at the time of writing. However, it’s impossible to give a precise estimate because the quantity fluctuates so much. Polkadot (DOT) has an average annual return of 14%, which is very high in comparison to other coins.
Although governance doesn’t take on the traditional sense of the word ‘rewards’, the ability to participate in decision making is definitely rewarding in the long run.
The PolkaDAO is unique as not only do holders fully control the protocol, all privileges previously reserved for miners on other platforms will be granted to Relay Chain participants (DOT holders), which includes being able to manage exceptional events such as protocol upgrades and fixes.
Seesaw Protocol (SSW)
The Seesaw Protocol (SSW) is a fully on-chain liquidity protocol that can be used on any blockchain with smart contracts. In the future it will be deployed on the Binance Smart Chain (BNB), Polygon (MATIC) and Ethereum (ETH) blockchains. Seesaw (SSW) boasts about creating a multi-chain swap as well as farming opportunities for holders to gain extra yield.
By utilising token reflections, Seesaw (SSW) holders profit from simply holding the token in their wallets. A 3% fee is charged on all transactions across the network, which is redistributed back to its holders.
Cryptocurrency reflections is a newer system that’s absent from the older cryptos which tend to rank in the Top 10, and could replace staking as investors’ favourite way to earn rewards due to its effortlessness and speed. It also lacks the risks associated with staking, such as impermanent loss, lock-up periods and validator errors.
Seesaw Protocol (SSW) has been dubbed the ‘crypto of the future’ due to its cutting edge features and colossal presale success, which saw the token surge from $0.005 to $0.040. As Seesaw (SSW) travels further down its roadmap and begins releasing more features that have excited the crypto community so much, it’s likely to jump again.