EOS Network announces a new staking rewards program 
Cryptocurrency Jul 8, 2024 Share
EOS Network, an open-source blockchain, announced a new 250 million EOS staking rewards program, as per the latest updates shared with Finbold on July 8.
Marking a pivotal shift in the platform’s tokenomics strategy, the new initiative promises daily distributions of 85,600 EOS to stakers, incentivizing early participation by offering an initial annual percentage yield (APY) exceeding 60%.
EOS staking rewards
Over the course of a year, participants will receive over 31 million EOS tokens in rewards, underscoring the network’s commitment to growing its community.
Picks for you
SSV Network hits 1 million ETH staked 1 hour ago Federal Reserve's policy predicts when next recession will start 2 hours ago New signal shows Bitcoin bearish wave still unraveling; Is $50k next? 3 hours ago Ethereum or Solana? We asked ChatGPT-4o which stock is a better buy for 2024 5 hours ago
The updated program also introduces several key changes aimed at enhancing the staking experience, such as the extension of the lock-up period from four days to 21 days.
In addition, EOS Block Producers (BPs) will receive network-generated fees in addition to their block reward income.
This will provide further motivation for infrastructure providers as network activity grows.
Designed to offer sustainable rewards and incentivize growth, the revamped EOS staking program represents a major step forward for the network.
To join the program, traders can visit EOS Network.
