For the reason that revamped EOS staking program was launched on July 8, 2024, greater than 36 million EOS tokens have been staked, in keeping with a tweet from Tristan Dickinson, the Chief Advertising and marketing Officer at EOS Community Basis.
The graph shared alongside the announcement illustrates a notable improve within the quantity of staked EOS. For a lot of the 12 months, the quantity of staked EOS remained comparatively secure, hovering round 60 million EOS. Nevertheless, following the introduction of the brand new staking program, the staked quantity has surged dramatically.
For the reason that revamped $EOS staking program launched on 8 July over 36M EOS has been staked 🔥
Do not miss out on 50% APY 👀https://t.co/iQSJIrskMH pic.twitter.com/iiarQqjAYq
— Tristan Dickinson (@Tristan0x15) July 13, 2024
The revamped staking program gives an annual proportion yield (APY) of fifty%, seemingly contributing to the elevated staking exercise. This vital APY incentive goals to draw extra individuals to the community, enhancing its safety and total engagement.
Group Response and Future Prospects
The EOS neighborhood has responded positively to the brand new staking program, with many tokens being staked shortly. The initiative is predicted to stabilize additional and doubtlessly improve the worth of the EOS token by decreasing its circulating provide and inspiring long-term funding. The graph from DefiLlama showcases the dramatic rise in staked EOS, beginning in early July and reaching its peak inside days of this system’s launch. This visible illustration underscores the speedy influence of the staking program on the EOS ecosystem.
The revamped EOS staking program has attracted vital neighborhood participation, with over 36 million EOS staked since its launch. The excessive APY reward is a key driver on this development, reflecting a powerful and engaged EOS person base. This improvement bodes properly for the EOS token’s future stability and worth appreciation.
