🚀 The staking amount of $WCT has surpassed 120 million tokens, with a weekly reward of 119,839 tokens! This data marks a key step for WalletConnect towards 'complete decentralization'. As of early July, the network has achieved:
✅ Distributed deployment of 16 node operators, covering three major chains: Ethereum, Optimism, and Solana;
✅ Launch of a permissionless node access technology test network, allowing users to freely join the relay network in the future;
✅ Stakers not only earn token rewards but also directly participate in protocol upgrade voting (such as fee structure changes and mainnet upgrades).
🔍 Why is staking the core of $WCT's value?
Deflationary model: Total supply is fixed at 1 billion tokens, with 17.5% allocated for staking incentives, no inflation pressure;
Security empowerment: Nodes must stake $WCT to transmit messages, and malicious behavior will result in the forfeiture of collateral;
Governance rights: Holders vote on whether to enable relay service fees (which may be paid in $WCT in the future).
💎 It is recommended to pay attention to the governance proposal snapshot in late July, which involves the fee distribution mechanism on the Solana chain—stakers may enjoy dual rewards!