Key Takeaway:
- Polyhedra Network’s staking program saw over 6.9 million tokens staked in less than a month.
- ZKJ holders can earn rewards and participate in governance.
- Staking V2 program launched with a $1.13 million reward pool.
- Staking rewards are calculated and distributed weekly.
Polyhedra Network’s Staking Program Milestone
The Polyhedra Network (ZKJ) team recently launched the open beta of the protocol’s proof cloud and shared details of surpassing the $9 million mark in staked tokens in under a month. The total number of staked tokens reached 6.9 million, with 1,688 unique stakers participating. However, this only accounted for about 0.08% of Polyhedra’s total token supply as of Aug. 2, 2024.
Staking Program V2 Launch
Following the conclusion of the initial staking program in June, Polyhedra Network introduced the staking program V2 on July 15. Participants can stake ZKJ tokens to accumulate Staking Power over a maximum period of 52 weeks. Rewards are distributed on a weekly basis, with the next distribution scheduled for Aug. 8 offering 25,000 CYBER and 38,000 ZKJ tokens.
Staking Rewards Distribution
Rewards are calculated and distributed every Thursday at 00:00 UTC based on individual users’ Staking Power relative to the total Staking Power. The recent distribution on Aug. 1 included 30,000 ZRO and 20,000 ZKJ tokens.
