To platforms like Uniswap, OpenSea, and PancakeSwap. Now, WalletConnect has introduced its own token, $WCT, and a staking program that allows users to participate in the network's growth and governance.
🧭 Why I Staked
Staking $WCT isn't just about earning passive income; it's about becoming an integral part of the WalletConnect ecosystem. By staking, I can:
Earn Weekly Rewards: Staking rewards are distributed every Thursday.
Participate in Governance: As a staker, I can vote on important proposals, such as the recent decision to make transferable.
Influence the Network's Future: My stakeweight, determined by the amount of $WCT staked and the lock duration, gives me a proportional share of rewards and governance influence.
🔐 How to Stake $WCT
1. Visit: Go to staking.walletconnect.network.
2. Connect Your Wallet: Use your preferred wallet to connect.
3. Approve $WCT: Authorize the staking contract to use your WCT tokens.
4. Select Amount & Lock Duration: Choose how much WCT to stake and the lock period (up to 105 weeks).
5. Confirm: Finalize the transaction to start earning rewards.
Remember, longer lock periods yield higher rewards and greater governance influence.
🌐 What's Next for WalletConnect
WalletConnect is evolving rapidly:
Public Nodes: Anyone can run a node, contributing to decentralization.
On-Chain Governance: Decisions are made transparently and democratically.
Developer Tools: New tools to expand the ecosystem.
Multi-Chain Support: Secure connections across multiple blockchains.
By staking $WCT, I'm not just earning rewards; I'm actively participating in shaping the future of decentralized connectivity.
💡 Final Thoughts
Staking WCT is more than a financial decision; it's a commitment to the growth and decentralization of the WalletConnect network. With the introduction of transferability and ongoing developments, now is an opportune time to get involved.
If you're already using @WalletConnect , staking $WCT allows you to take your involvement to the next level. It's a chance to contribute to the infrastructure that powers Web3 applications.
Don't miss out on the opportunity to be part of this transformative journey.
