How does @WalletConnect Improves Decentralized UX with $WCT

WalletConnect Network is shaping a decentralized user experience ecosystem through its staking platform and native $WCT token. With connections to over 600 wallets and 6,000+ dApps, the protocol has facilitated more than 300 million interactions, positioning itself as a core infrastructure in Web3.

The network’s flexible staking system allows users to choose lock-up periods ranging from 1 week to 2 years. Staking weight (stWCT) grows with longer commitments—for example, staking 1,000 $WCT for 1 year yields 250 stWCT. Weekly reward distributions offer up to 23% APY, and the platform has already seen over 59,000 users stake a combined 123 million $WCT, demonstrating strong community involvement.

The $WCT token plays a key role in governance and rewards, enabling holders to vote on proposals via Snapshot and earn incentives through activities on Layer 3.

During Season 1 in 2024, 185 million $WCT were airdropped to reward node operators and GitHub contributors. On the development side, the Reown WalletKit SDK supports smooth integration for developers, with upcoming updates set to introduce improved governance tools and cross-chain bridging capabilities.

At its core, $WCT is foundational to WalletConnect’s vision for a decentralized, seamless Web3 experience, acting as the fuel for both user engagement and protocol innovation.