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#EOS 📣 On July 8, 2024, the first batch of 2.5 billion $EOS will flow into the staking pool after the landing of the new tokenomics of EOS. What new experiences will the brand-new EOS staking scheme bring to ecosystem participants?
In the future, EOS will increase the returns of stakers through compound APY staking, so the returns will rise nicely over time. To make participation simpler, we have removed the previous requirement to vote for 21 block producers or proxies and created a more user-friendly staking interface.
For block producers, under the new staking scheme, the source of income has increased in addition to block rewards, and also includes the network-generated fees. With the rise in demand for the EOS network by users, this part of the income will become quite substantial.
However, there will be a crucial change in the lock-up period. The unlocking period for $EOS will be extended from 4 days to 21 days, mainly for the stability and security of the ecosystem.
The first batch of 250 million EOS entered the staking pool will follow the basic rule of halving every 4 years and gradually release it to the stakers of the EOS network to encourage staking behavior that contributes to the security and stability of the network.
For stakeholders who have already participated in staking in the old system, there will be two options for participating in the new staking (REX2.0):
1⃣ Passive Transition: If you take no action, you will continue to stay in REX and receive earnings.
2⃣ Active Transition: If you choose to buy or sell REX, the EOS positions you hold will enter a 21-day unstaking period. At the end of this period, you can choose to sell.
#EOSUSDT $EOS