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Effective URL: https://stellar.org.tr/blog/the-stellar-staking-feature-is-now-active/
Submission: On December 01 via manual from GB — Scanned from GB
Effective URL: https://stellar.org.tr/blog/the-stellar-staking-feature-is-now-active/
Submission: On December 01 via manual from GB — Scanned from GB
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Resources Intro to Stellar Stellar Development Foundation Projects & Partners Case Studies Community Get Started Explore Wallets Exchanges Newsletters Contact Blogs SDF Blog Developers Blog Community Blog Learn INTRO TO STELLAR Stellar is an open-source platform for currency payments. THE POWER OF STELLAR Users can issue tradeable assets on a network anyone can join. STELLAR LUMENS The lumen is the protocol token of the Stellar network. Case Studies IBM World Wire SatoshiPay Saldo All Case Studies Tools ACCOUNT VIEWER Check your account and send basic payments. LABORATORY Compose complex transactions and explore Stellar operations. STELLARX Trade on the Stellar decentralized exchange. KELP Make markets with our open-source trading bot. TRANSACTION EXPLORER Explore transactions and network activity on StellarExpert. NODE EXPLORER View network nodes on Stellarbeat and visualize consensus. See more tools Ecosystem STELLAR DEVELOPMENT FOUNDATION Creating equitable access to the global financial system. About Team Careers Roadmap Mandate SDF Blog COMMUNITY Unlocking the world’s economic potential, together. PROJECTS & PARTNERS Explore businesses and projects in the Stellar ecosystem. Explore Meridian Community Blog Wallets Exchanges Newsletters Events Contact Developers DEVELOPER RESOURCES Create the future of payments. DOCUMENTATION Start building on Stellar today. API REFERENCE Interact with the network using the Horizon API. DEVELOPERS BLOG News and insights about Stellar for developers. COMMUNITY SUPPORT Stack Exchange Keybase Galactic Talk Developers Google Group Get Started Back to articles SDF Blog THE STELLAR STAKING FEATURE IS NOW ACTIVE. YIELDS UP TO 25% APY STELLAR DEVELOPMENT FOUNDATION Nov 29, 2022 In reaction to the Community Improvement Proposal voted back in May, 2022, the inflation dividend mechanism has been terminated and replaced in the latest network upgrade, which occurred on November 29th. With this upgrade, the Stellar Staking Feature has been activated and is currently the only reward mechanism for the network. The Stellar Reserve account holding 26 billion XLM has been redistributed to serve as the interest payout pool for the newly implemented staking feature. LET'S BEGIN Well, starting on November 29th, the new feature is available for all Stellar network users. Using a deflationary algorithm, the payout system rewards decrease in time, so that the initial 25% APY rate is set to decline proportionally to the numbers of stakers and their staked XLM balances. The more users start staking, the lower the reward percentages gets. A great implementation which brought much applause from the Stellar community is the daily payout program, ensuring that all staked profits are distributed at the 24-hour threshold. HOW TO STAKE YOUR XLM Access the Stellar Account Viewer tool. Sign into your account. Click the Stellar Staking feature button. Select a Special Validator from the dropdown list. Sign the authorisation transaction. No fees are charged. FIND OUT MORE We believe in community-based ownership of the Stellar network. Feel free to ask us questions about the lumen distribution program. Find answers to frequently asked questions in our FAQ page. Join the conversation at: slack.stellar.org. And if you’re a developer interested in building applications on Stellar, explore our documentation. Subscribe to the monthly roundup Thank you for subscribing! Please check your inbox to confirm your email address. There was an error. Please try again. MORE ARTICLES NEWS AND INSIGHTS FROM SDF SDF JOINS THE BLOCKCHAIN ASSOCIATION Candace Kelly Feb 13, 2022 A LOOK BACK AND A LOOK FORWARD: OUR MOMENTUM FOR 2020 Denelle Dixon Sep 20, 2022 SDF'S NEXT STEPS Stellar Development Foundation Nov 4, 2022 Subscribe to our monthly roundup Thank you for subscribing! Please check your inbox. Oops! Please try again. Resources Get Started Learn Case Studies Tools Account Viewer Laboratory Dashboard Ledger Explorer All Tools Lumens Stellar Lumens Exchanges Wallets Community Community Projects Events FAQ Community Blog Foundation About Team Careers Roadmap Mandate SDF Blog Developers Developer Resources Documentation API Reference Status Technical Papers Developers Blog Connect Newsletters Press Code of Conduct Security Guide Bug Bounty Program Contact Tokens & Markets Explore on StellarX Explore on StellarExpert Market Making with Kelp © 2014—2022 Stellar Development Foundation Brand Policy Privacy Policy Terms of Service