The EOS Network has launched a $250 million staking rewards program as part of its revamped tokenomics plan to boost engagement and reward early participants. Some of the key features include compounding APY, an extended unstaking period, a simplified participation process, and additional incentives for block producers.
A New Era in EOS Staking
Today, the EOS Network launched a $250 million EOS staking rewards program as part of its revamped tokenomics plan. One of its main aims is to boost engagement and to reward early participants. Under the new schedule, 85,600 EOS will be distributed daily to stakers, with an annual output of over 31 million EOS tokens. This revamped program also offers an impressive initial APY of over 60%, which makes it very attractive for early stakers.
Key Features of the Revamped EOS Staking Program
The new staking program allows for compounding APY, which makes it possible for stakers to greatly increase their return over time. Additionally, the unstaking period has been extended from 4 to 21 days, providing the ecosystem with a bit more stability and security.
The participation process has also been simplified by removing the previous voting requirements for selecting block producers or a proxy. A new user-friendly interface has also been introduced to make EOS staking a more seamless staking experience. Block producers now receive additional network-generated fees along with their block rewards, further incentivizing their efforts as network demand grows.
The Staking Rewards Bucket, which holds about 250 million EOS tokens, improves the EOS blockchain’s functionality and community engagement. These tokens are allocated for users who stake their EOS, contributing to the network’s security and stability.
The release of these tokens follows a 4-year halving cycle, with an annual output set at 31.25 million EOS. This structured reward system makes sure that there is sustained engagement from token holders and it promotes a more active community which drives broader participation and adoption of the blockchain.
The EOS Network
The EOS Network is a 3rd generation blockchain platform that is powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions. As the flagship blockchain and financial center of the Antelope framework, EOS serves as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
