The mission of Nutbox is to "help the communities on the PoS chain like Polkadot, ETH2.0, to easily create their Staking Economy platform and build DAO by Crowd-Staking, DApp, Dao governance and other factory protocols." One of their product is Peanut(https://peanut.nutbox.io/#/stake). I'd like to share you how you can stake and earn with Peanut.
What can you do with Peanut?
You can stake, farm, exchange and participate in the governance. If you are a content contributor at Steemit.com, you may pay PNUT to get high upvote from Nubox team for your post. They are one of the whale account at steemit.com.
What coins are accepted?
STEEM, TRX, PNUT, TSP, TSTEEM
Where can you get these coins?
You need both Steem account(https://steemit.com) and Tronlink wallet to participate in Peanut mining. You can delegate your STEEM and SP for exchange of PNUT coin as reward. The APY is 53% which is pretty good.
The alternative is to go to Justswap(https://justswap.io/#/ho) to swap PNUT coin with other coins you have. PNUT is a TRC20 coin. When you go to Justswap.io, you would need to manually input contract address "TPZddNpQJHu8UtKPY1PYDBv2J5p5QpJ6XW" for PNUT.
You can also get TRX-PNUT LP and TSP-TRX LP for farming. The APY is over 30%.
Final words:
I am a content contributor on Steemit.com. To maximize my return, I delegated my SP & Steem to Nutbox and staked some LPs. It has been given me pretty decent returns. I used some PNUTs to exchange for BTC with justswap, and kept some in the wallet for exchange of higher upvote from Nutbox for my Steemit post. It's the best way to maximize the return.
Not like other DEFI projects, Peanut requests both steemit account and tronlink wallet to participate in the mining. It's good to have specific target end users, but as a DEFI project, it also limits where it can go. After all, not everyone is content contributors. On the other hand, crypto is not widely adopted, staying focus has nothing wrong.
Official Website: https://nutbox.io
Discord: https://discord.com/invite/zPkMuGY
