TL;DR
- EOS Network launches a 250 million tokens program with an initial APY of over 60%, distributing 85,600 tokens daily among participants.
- The lock-up period is extended from 4 to 21 days, providing greater stability and security to the ecosystem.
- Block Producers will receive additional network-generated fees, in addition to block rewards, to incentivize infrastructure development.
EOS Network, an open-source blockchain, has announced a staking rewards program valued at 250 million EOS. This marks a significant shift in the platform’s tokenomics strategy, aimed at fostering active user participation and strengthening its community.
The new rewards program will distribute 85,600 EOS daily among participants, representing an annual total of more than 31 million tokens in rewards. The scheme is distinguished by offering an initial annual percentage yield (APY) of over 60%, an attractive figure for early investors. Additionally, the program includes the possibility of compounding APY, allowing stakers to significantly increase their returns over time.
🚨 The New Era Of EOS Staking is LIVE!
We're excited to announce the launch of the 250M $EOS staking rewards program.
🏆 250M+ #EOS in rewards.
📈 Stake early to boost APY.
🔐 21 days lock period.Built on the new EOS tokenomics, this is your chance to grow with us!
Stake now… pic.twitter.com/Y3aHAU90sh
— EOS Network Foundation (@EOSNetworkFDN) July 8, 2024
One of the most important modifications to the program is the extension of the lock-up period from 4 to 21 days. This measure aims to provide greater stability and security to the ecosystem. Furthermore, the participation process has been simplified by eliminating the need to vote for block producers or a proxy, which facilitates the entry of new users into the staking system.
EOS Works on the Sustainability of Its Ecosystem
Another key aspect of the program is the introduction of additional network-generated fees for Block Producers (BPs). These additional incentives are added to the block rewards they already receive, motivating them to improve the infrastructure as network activity grows. This strategy ensures the sustainability of the program and promotes the growth and development of the EOS network.
The “Staking Rewards Bucket,” which contains approximately 250 million tokens, will be allocated to users who participate in staking, contributing to the network’s security and stability. The rewards will be released following a 4-year halving cycle, with an annual output set at 31.25 million tokens.
EOS Network stands out as a third-generation blockchain platform, powered by a highly efficient, low-latency WebAssembly engine designed to execute nearly feeless transactions. As the flagship blockchain of the Antelope framework, it plays a crucial role in multi-chain collaboration and the funding of public goods through the EOS Network Foundation (ENF).
