Entangle (NGL) Staking

About Entangle (NGL)

Entangle is a Layer-1 blockchain platform designed to enhance interoperability and data integration across diverse blockchain networks, including both EVM and non-EVM chains. By acting as a central communication hub, Entangle facilitates seamless interactions between decentralized applications (dApps) and various data sources, thereby addressing liquidity challenges and promoting efficient data sharing within the decentralized finance (DeFi) ecosystem.

What Makes Entangle Special?

Entangle introduces several innovative features that distinguish it in the blockchain landscape:

• Interoperable Blockchain: Entangle operates as a principal communication nexus, where data is stored, verified, and processed. Built on Ethermint, it integrates Cosmos's interoperability and scalability with Ethereum's compatibility, enabling seamless cross-chain interactions.
• Photon Messaging: This component delivers customizable, high-speed, and cost-efficient omnichain messaging solutions for any EVM or non-EVM network, enhancing communication and data transfer across different blockchain ecosystems.
• Universal Data Feeds: Entangle offers low-latency, cost-effective data infrastructure compatible with both Web2 and Web3 data sources. This feature allows for efficient querying and delivery of data to smart contracts, supporting use cases such as real-world assets (RWAs), omnichain GameFi, asset pricing, loan collateralization, and on-chain derivatives.
• Composable Derivative Tokens (CDTs): Through its native application, Liquid Vaults, Entangle enables users to create CDTs on top of yield-bearing assets. These tokens enhance liquidity and maximize returns, representing the next evolution of on-chain assets that are composable throughout DeFi.
• Byzantine Fault Tolerant (BFT) Consensus: Entangle employs a BFT consensus mechanism capable of withstanding up to one-third of faulty nodes within the network. This ensures efficient and secure finality for transactions, maintaining the integrity of the platform.

NLG Staking FAQ

How much can I make staking NLG?

The return from staking NLG varies based on the network's overall staking participation and specific validator commission and protocol revenue share.

How do I receive my NLG rewards?

LORE rewards need to be claimed. Visit the Entangle dashboard to claim your staking rewards

When can I start earning rewards with NLG?

You can start earning staking rewards once your tokens are successfully delegated to a validator

Can I sell NLG while it is locked up?

Staked NLG tokens cannot be sold, they need to be unstaked first. The unstaking period for NLG is 21 days

What are the risks around staking NLG?

Staking NLG comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does NLG use?

Delegated-Proof-of-Stake (dPoS)

What are the tokenomics of NLG?

Read all about NLG tokenomics here