Since the revamped EOS staking program was launched on July 8, 2024, more than 36 million EOS tokens have been staked, according to a tweet from Tristan Dickinson, the Chief Marketing Officer at EOS Network Foundation.The graph shared alongside the announcement illustrates a notable increase in the amount of staked <a href="https://eosnetwork.com/" rel="noopener noreferrer nofollow">EOS</a>. For much of the year, the volume of staked EOS remained relatively stable, hovering around 60 million EOS. However, following the introduction of the new staking program, the staked amount has surged dramatically.The revamped staking program offers an annual percentage yield (APY) of 50%, likely contributing to the increased staking activity. This significant APY incentive aims to attract more participants to the network, enhancing its security and overall engagement.<h2 id="header-0">Community Response and Future Prospects</h2>The EOS community has responded positively to the new staking program, with many tokens being staked quickly. The initiative is expected to stabilize further and potentially increase the value of the EOS token by reducing its circulating supply and encouraging long-term investment. The graph from DefiLlama showcases the dramatic rise in staked EOS, starting in early July and reaching its peak within days of the program&#39;s launch. This visual representation underscores the immediate impact of the staking program on the EOS ecosystem.The revamped EOS staking program has attracted significant community participation, with over 36 million <a href="https://blockchainreporter.net/end-of-an-era-tether-stops-usdt-issuance-on-eos-and-algorand-what-you-need-to-know/" rel="noopener noreferrer nofollow">EOS </a>staked since its launch. The high APY reward is a key driver in this growth, reflecting a strong and engaged EOS user base. This development bodes well for the EOS token&#39;s future stability and value appreciation.

EOS Staking Program Sees Surge in Activity

目录

BlockchainReporter

发布于 2024年7月14日的其他文章

Michael Saylor Reveals Bitcoin’s Use Within the US Treasury

Scan, Bag, Boom: Ohio Retail Pro Turns Shiba Inu Millionaire, BlockDAG Targeting a $30 Triumph

ZachXBT Identifies Cryptocurrency Hackers and Warns Investors

North Korean Lazarus Group Linked To DMM Bitcoin Hack

CoinStats Security Breach Exposes $2.2 Million in Cryptocurrency

Meme coins rally on the back of Donald Trump’s failed assassination

订阅我们免费的电子期刊，获取每日最新加密领域动态！