WalletConnect Staking: Driving Innovation in the Web3 Ecosystem
The @WalletConnect , recognized as a key player in Web3 connectivity, is taking its infrastructure to a new level with the launch of network staking.
This feature creates a direct link between users, governance, and development, transforming the token $WCT into a driver of participation and incentives within the ecosystem.
The process is simple: any user can stake directly on the official website, choosing terms that range from one week to two years.
The calculation of “stakeweight” combines the amount staked and the lock-up time, defining the weight of each participant and, consequently, their share of the returns.
Rewards are distributed weekly since December 19, 2024, with the requirement that staking be done before Thursday of each week, respecting a minimum lock-up period of seven days.
Additionally, the Season 1 Airdrop, launched on November 26, 2024, opened the doors for the first participants.
The initiative also strengthens decentralized governance: stakers can vote on strategic proposals via Snapshot and participate in discussions on Discord, influencing the direction of the protocol.
On the technical side, smart contracts provide transparency and more than 20 high-level validators ensure the robustness of the network.
Although returns depend on market dynamics and the chosen lock-up time, future improvements may further increase the attractiveness of the program.
Overall, WalletConnect staking adds vitality to the ecosystem of connections between wallets and dApps and solidifies its role as an indispensable infrastructure in Web3.
