🚨 Voting for WalletConnect Staking in Progress.
• WalletConnect successfully approved staking updates in a brief three-hour voting period.
• Key innovations include perpetual staking, user-activated unlocking, and flexible duration options (4-104 weeks).
• This strategically coincides with the closure of the WCT claim on Solana, signaling a reassignment of infrastructure.
Driving Factors
• The fixed supply of one billion WCT tokens creates a potential scarcity effect as adoption increases.
• The governance-driven redesign addresses liquidity limitations and efficiency in reward distribution.
• Similar governance restructurings have historically generated volatility spikes of 15-30% during the first week.