Non-custodial seed node staking goes live today; marking a new milestone in Zilliqa’s history

This article was first published on Zilliqa — Official Blog - Medium
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  • Competitive, lucrative staking offer set to drive more value and utility into Zilliqa’s circular economy
  • The launch will also see the introduction of the governance ZIL token, enabling long-term token holders to play a part in the Zilliqa ecosystem

As of 1800 hours Singapore time today, Zilliqa has launched the highly anticipated non-custodial staking services on its mainnet. This is the latest in our long list of milestones in 2020, and signals a turning point as we seek to bring more utility, mass adoption and value into a burgeoning DeFi landscape.

You already know that staking on Zilliqa propels greater decentralisation across its seed node architecture — unique to the network’s sharded structure. This service also incentivises the participation of node operators and community members to support the service.

What’s new is that with non-custodial staking, Zilliqa token holders no longer have to stake their funds through an intermediary. They can deposit funds directly into the smart contract and receive rewards from the roster of seed node providers. Token holders can stake either via Zillion, a sleek and secure staking portal, or choose from a select number of wallet providers such as Moonlet. Frontier Wallet, CEX.io and Atomic Wallet will join the fleet soon.

This launch marks the beginning of Phase I of the seed node staking programme that began with an exchange-enabled staking offer via KuCoin and Binance in its Phase 0, which is now concluded.

Let’s recap our unique staking offer and why you should get on board immediately:

  • According to our projections, even with 80% of today’s circulating supply being staked, the annual returns through staking will be around 6%. We expect the yield to be around 12% when 40% of the circulating supply is staked.
  • Choose from a roster of five reputed SSN providers — Moonlet.io, Shardpool.io...

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To keep reading, please go to the original article at:
Zilliqa — Official Blog - Medium

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