Polyhedra Network launches Staking Program V2.
Staking begins July 15, rewards distributed July 18.
Stake ZKJ tokens to earn ETHFI, ID, CYBER.
Staking power based on ZKJ amount and duration.
Introduction of Staking Program V2
Polyhedra Network has announced the launch of its highly anticipated Staking Program V2 on July 15, 2024. This upgraded staking program promises enhanced benefits for participants, with the first batch of rewards scheduled for distribution on July 18, 2024. The new program allows users to stake ZKJ tokens to earn rewards and participate in the governance of the Polyhedra network, providing a dual incentive for involvement.
How to Earn and Calculate Rewards
Participants in the staking program can earn rewards in various tokens, including ETHFI, ID, and CYBER. The calculation of rewards is performed weekly and is based on the proportion of each participant’s staking power relative to the total staking power across the network. This staking power is determined by two main factors: the amount of ZKJ tokens staked and the duration for which they are staked. Essentially, the more ZKJ tokens you stake and the longer you commit them, the greater your staking power and, consequently, the higher your rewards.
Polyhedra Network’s Staking Program V2 is designed to be more inclusive and rewarding, aiming to attract a diverse range of participants. The program’s structure ensures that both small and large holders of ZKJ tokens can benefit, although those with more substantial and longer-term stakes will see proportionately greater rewards.
For those interested in joining the Staking Program V2, detailed information on the staking rules and participation guidelines is available on the official Polyhedra Network Staking Program page.