Toward Full Decentralization: Staking Phase 3 Is About To Go L | ElrondNetwork - Announcements

Toward Full Decentralization: Staking Phase 3 Is About To Go Live on Elrond

The Elrond network is live and open source, setting a remarkable standard in the performance that it brings to the blockchain space. The Elrond DeFi 2.0 module is also coming live soon and will feature a new set of financial microservices, capable of processing transactions at an internet-scale, and opening a new adoption space by making these microservices accessible by nations, institutions, banks, businesses, and individuals.

To strengthen the network and prepare it for this new phase, following a thoughtful conversation around the Phase 3 staking proposal, we are finally ready to take another step toward full decentralization of the Elrond network.

The changes that are coming are meant to open a new era of growth for Elrond, specifically increasing the token distribution and decentralization, strengthening the security of the network, and enabling sustainable business models around staking-as-a-service providers.

In short, by enabling more eGold to be staked, more people and validators will participate, more tokens will be locked, security will be improved by increasing the cost of potential attacks. A secure environment will give confidence to more businesses to start building on Elrond, increasing the demand for eGold, in a perpetual virtuous circle.

This is why we are excited to announce the imminent transition to Staking Phase 3!

The most important changes:

Staking Providers can offer non-custodial delegation services
Staking Pools creation tentative 22 March
More Validator nodes: increased from 2169 to 3200
Max node increase activation tentative 05 April
Staking will be available also through Maiar
Waiting List APY change to 6%, starting with 05 April, ending completely 03 May

Full details: https://elrond.com/blog/elrond-staking-phase3-coming-soon

#hypergrowth100 Day 66