EOS Network Announces 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.

EOS Network, an open-source blockchain, has announced a new 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. This scheme is distinguished by offering an initial annual percentage yield (APY) of over 60%, an attractive figure for early investors. Moreover, the program includes the possibility of compounding APY, allowing stakers to significantly increase their returns over time.

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.

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 is 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).

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