@WalletConnect ’s native token ($WCT ) is designed to be staked for rewards and governance. In fact, the project website explicitly says staking WCT lets you “earn rewards, participate in governance and support the future decentralization of the network”staking. By locking up WCT, holders can receive yield (Binance reports APYs up to 22.7%) while helping secure WalletConnect’s relay infrastructure. Over 106 million WCT have already been staked by 142,000+ addressesbinance.combinance.com, showing strong community engagement. Key staking benefits include:
High Yields: Staking WCT currently offers attractive APYs (Binance cites up to ~22.7%binance.com). Rewards come from the protocol’s incentive pools (17.5% of total supply is reserved for network rewards, including staking ).
Governance Power: Stakers gain voting rights on WalletConnect upgrades. Holding WCT lets you influence development – for example, on-chain governance is slated to launch in 2025.
Network Support: Staking helps decentralize and secure the network. Early node operators already earn WCT for running validatorswalletconnect.network, and more nodes are coming. Your stake literally strengthens the protocol.
Aligned Ecosystem: A large portion of WCT is set aside for ecosystem rewards. With ~17.5% earmarked for apps, nodes, and wallets (including staking incentives)binance.com, active participants (stakers, builders, validators) share in the upside.
These factors make staking WCT appealing for passive income and community influence. However, yields can change and tokens are typically locked for fixed periods, so consider lock-up terms and market risk before staking.
Disclaimer: Crypto investments are risky. Staking yields are not guaranteed; always do your own research and stake only what you can afford to lose.
