EOS Network has announced the launch of its 250M EOS staking rewards program as part of the network’s revamped tokenomics plan.
As part of this newly unveiled staking rewards program, 85.6K EOS is distributed daily to Stakers, with over 31 million EOS tokens set to be distributed over the next year.
Early Stakers will benefit from an initial APY of up to 60%. Users can begin participating in the 250M Staking program at stake.eosnetwork.com.
Furthermore, the lock up period for staking has increased from four to 21 days, and EOS Block Producers (BPs) will start receiving network generated fees (in addition to their block reward income) as an extra incentive.
EOS Network said that the “updated EOS staking program is designed to provide sustainable rewards for participants and support ecosystem growth.”