BlockBeats news, on May 19, Virtuals Protocol officially announced that proxy staking is now live. The era of passive holding has ended. Staking has now become the standard way to earn points in the Virtuals ecosystem.
The switching period will end at 3 PM (GMT+8) on May 22, and users need to transfer proxy tokens to the staking contract by 3 PM (GMT+8) on May 22 (Thursday). After this, only staked proxy tokens will be eligible to earn points. Eligible contracts include: staking contracts issued by Virtuals; whitelist contracts with a 14-day unlock cooling period. The team will publicly confirm after the staking exclusive eligibility takes effect.
Today's launch of the staking contract: Approximately 70 projects (including Genesis and standard issuance projects) have been confirmed to launch the staking contract today. Virgens can now stake their proxy tokens and start earning points.
Execution rules:
After 3 PM (GMT+8) on May 22, only staked proxy tokens can earn points;
Whitelist contracts must include a 14-day unlock cooling period;
Projects using custom contracts have 2 weeks to migrate or adjust to meet staking requirements.