EOS Staking Program
X Space:
By NovaCrypto Summary.
The conversation shifts to the new staking rewards program. Previously, staking rewards were generated by system fees, resulting in low returns (2-5%). The new program, launched on June 1st, allocates 250 million EOS for staking rewards over four years, aiming to significantly increase tokens staked from under 50 million to 300 million, with an expected APY of around 10%. Initially, the APY is higher due to accumulated fees from the previous system and current low staking numbers. The current APY is over 50%, expected to stabilize around 42%.
They explain the technicalities of the staking process, including a 21-day lock-up period upon unstaking. Tokens continue to earn rewards during this period, and users can claim their tokens afterward. The discussion also touches on the benefits of this system, including increased total value locked (TVL) on platforms like DeFi Llama, enhancing EOS's ranking and attractiveness.
Key Points:
Current State of EOS Holders:
Many EOS holders are inactive, not earning rewards on their holdings.
Active holders are currently receiving high staking rewards, benefiting from the small pool of participants.
Activation of Inactive Holders:
The goal is to encourage inactive holders to engage in transactions to start earning.
This process dilutes non-participants but rewards active participants.
EOS Token Acquisition and Staking:
EOS tokens can be acquired from major exchanges like Coinbase, Kraken, and Binance.
Setting up an account can be challenging, but guides are provided on stake.eosnetwork.com.
Centralized exchanges offer "wrapped staking" with higher APRs due to strategic token staking.
Binance and APRs:
Binance and other exchanges stake a portion of their held EOS tokens, creating staking pools with varying lockup periods.
These pools offer higher APRs by limiting the number of tokens that can be staked.
Improving User Experience:
Efforts are being made to enhance onboarding and account creation.
EOS middleware funds are allocated to improve the overall user experience.
Protocols and Liquidity:
Some DeFi projects ensure liquidity by continuously unstaking portions of their tokens.
Staking protocols use daily unstaking buckets to manage liquidity and provide rewards.
Security and Transparency:
It's crucial for users to understand the transactions they sign, ensuring their safety.
EOS wallets provide transparency, displaying transaction details clearly.
Community and Support:
The EOS community and foundation are highly engaged with users through platforms like Telegram. The team values user feedback and is committed to improving the ecosystem.
Technical and User-Focused Development:
The development team prioritizes user-friendly interfaces and continuous improvement based on user feedback.
The goal is to make interactions as simple and transparent as possible.
Grassroots Foundation:
The EOS Foundation is unique, having emerged from the community rather than being pre-established.
The team comprises long-term community members and trusted individuals dedicated to the project's success.
Conclusion:
The EOS network is focused on activating inactive holders, improving user experience, and maintaining high staking rewards. The community-driven approach ensures that the ecosystem evolves with user needs in mind, supported by transparent and user-friendly tools.
The discussion emphasizes the importance of making one's work public, particularly for developers, to significantly enhance job prospects. Public work on platforms like GitHub can greatly streamline the hiring process, making candidates more attractive to potential employers. Hiding good work in private repositories is seen as counterproductive because it prevents hiring managers from assessing a candidate's capabilities easily. The conversation underscores the value of focusing on the quality of one's work rather than solely on monetary gain, as excellence naturally attracts opportunities.
Additionally, there's a specific focus on the EOS network, highlighting upcoming updates, such as the launch of EOSVM 1.0, new branding, and enhanced tokenomics. The best way to stay informed about these developments is by following the EOS Network Foundation's account and joining their community conversations on Telegram. The speakers express appreciation for the insights shared and the contributions of the participants, encouraging continued engagement and exploration of staking opportunities within the EOS ecosystem. #60 bitcoin in euro #bitcoin jetzt
EOS Summary - X - Space - 20240710 [f_T2Pstfnpv]
EOS Staking Program
X Space:
By NovaCrypto Summary.
The conversation shifts to the new staking rewards program. Previously, staking rewards were generated by system fees, resulting in low returns (2-5%). The new program, launched on June 1st, allocates 250 million EOS for staking rewards over four years, aiming to significantly increase tokens staked from under 50 million to 300 million, with an expected APY of around 10%. Initially, the APY is higher due to accumulated fees from the previous system and current low staking numbers. The current APY is over 50%, expected to stabilize around 42%.
They explain the technicalities of the staking process, including a 21-day lock-up period upon unstaking. Tokens continue to earn rewards during this period, and users can claim their tokens afterward. The discussion also touches on the benefits of this system, including increased total value locked (TVL) on platforms like DeFi Llama, enhancing EOS's ranking and attractiveness.
Key Points:
Current State of EOS Holders:
Many EOS holders are inactive, not earning rewards on their holdings.
Active holders are currently receiving high staking rewards, benefiting from the small pool of participants.
Activation of Inactive Holders:
The goal is to encourage inactive holders to engage in transactions to start earning.
This process dilutes non-participants but rewards active participants.
EOS Token Acquisition and Staking:
EOS tokens can be acquired from major exchanges like Coinbase, Kraken, and Binance.
Setting up an account can be challenging, but guides are provided on stake.eosnetwork.com.
Centralized exchanges offer "wrapped staking" with higher APRs due to strategic token staking.
Binance and APRs:
Binance and other exchanges stake a portion of their held EOS tokens, creating staking pools with varying lockup periods.
These pools offer higher APRs by limiting the number of tokens that can be staked.
Improving User Experience:
Efforts are being made to enhance onboarding and account creation.
EOS middleware funds are allocated to improve the overall user experience.
Protocols and Liquidity:
Some DeFi projects ensure liquidity by continuously unstaking portions of their tokens.
Staking protocols use daily unstaking buckets to manage liquidity and provide rewards.
Security and Transparency:
It's crucial for users to understand the transactions they sign, ensuring their safety.
EOS wallets provide transparency, displaying transaction details clearly.
Community and Support:
The EOS community and foundation are highly engaged with users through platforms like Telegram. The team values user feedback and is committed to improving the ecosystem.
Technical and User-Focused Development:
The development team prioritizes user-friendly interfaces and continuous improvement based on user feedback.
The goal is to make interactions as simple and transparent as possible.
Grassroots Foundation:
The EOS Foundation is unique, having emerged from the community rather than being pre-established.
The team comprises long-term community members and trusted individuals dedicated to the project's success.
Conclusion:
The EOS network is focused on activating inactive holders, improving user experience, and maintaining high staking rewards. The community-driven approach ensures that the ecosystem evolves with user needs in mind, supported by transparent and user-friendly tools.
The discussion emphasizes the importance of making one's work public, particularly for developers, to significantly enhance job prospects. Public work on platforms like GitHub can greatly streamline the hiring process, making candidates more attractive to potential employers. Hiding good work in private repositories is seen as counterproductive because it prevents hiring managers from assessing a candidate's capabilities easily. The conversation underscores the value of focusing on the quality of one's work rather than solely on monetary gain, as excellence naturally attracts opportunities.
Additionally, there's a specific focus on the EOS network, highlighting upcoming updates, such as the launch of EOSVM 1.0, new branding, and enhanced tokenomics. The best way to stay informed about these developments is by following the EOS Network Foundation's account and joining their community conversations on Telegram. The speakers express appreciation for the insights shared and the contributions of the participants, encouraging continued engagement and exploration of staking opportunities within the EOS ecosystem. #60 bitcoin in euro #bitcoin jetzt