Fire is a tool that makes Web3 simple, by showing you what happens at the smart contract level in a human-readable format.

The simplicity also makes it a great educational tool.

Take this Lido Finance transaction for example:
 https://i.imgur.com/0MaIOP4.png

Fire is a tool that makes Web3 simple, by showing you what happens at the smart contract level in a human-readable format.

https://joinfire.xyz?utm_source=far

This is the first entry of many in our new #simulationseries (on Farcaster), where we walk through some basic Web3 concepts using Fire.

Let us know if there are any concepts or protocols you’d like to see included.

... and if you’d like to explore Web3 with Fire yourself, good news! 

We are NOW rolling out early access to the users at the top of our list.

Sign up at http://joinfire.xyz?utm_source=far, and be on the lookout for the welcome email 👀

So, what actually happens when you “stake” a token?

Above, Fire shows that in return for depositing your ETH into the Lido contract, you will receive a claim token named stETH in return. 

That token can be redeemed at a later date for your ETH, plus interest (~3.8% APR)

Discover the best new web3 projects /launchcaster · https://nf.td/launchcaster