KEY TAKEAWAYS
- SingularityDAO launches Rejuve.AI Dynamic Staking, enhancing community benefits with a new tiered system.
- The Dynamic Staking model offers increased rewards for longer lock-up periods, aligning with personal financial goals.
- This initiative aims to stabilize the RJV token’s value by reducing its circulating supply and fostering a healthier token economy.
- Dynamic Staking is available on both Ethereum and Binance Smart Chain, ensuring broad participation.
SingularityDAO has announced the launch of Rejuve.AI Dynamic Staking, a new mechanism designed to offer enhanced benefits to its community. This initiative replaces the existing unbonded staking pools on Ethereum (ETH) and Binance Smart Chain (BSC), providing participants with increased flexibility and rewards tailored to their level of commitment.
The Dynamic Staking model introduces a tiered system where community members can choose lock-up periods of up to 730 days, or two years. Longer commitments result in higher rewards, allowing participants to align their staking strategies with personal goals. The system incorporates an Annual Percentage Yield (APY) that adjusts based on participation and lock-up duration, ensuring flexibility for all users.
Benefits of Dynamic Staking
The new staking mechanism not only rewards individual participants but also aims to strengthen the Rejuve.AI ecosystem. By locking RJV tokens, community members help reduce the circulating supply, potentially stabilizing or even increasing the token’s value. This approach fosters a healthier token economy and aligns incentives with the project’s long-term success.
Additionally, locked tokens contribute to greater market stability by reducing the likelihood of impulsive trading during market fluctuations. The transition from the unbonded model to a dynamic structure simplifies participation for users while maintaining farming options for liquidity providers.
Transition and Future Plans
As part of this transition, the current unbonded staking pools for RJV on ETH and BSC will be phased out. While members can withdraw their tokens and harvest rewards, new deposits into these pools will no longer be accepted. However, farming pools involving RJV/ETH LP tokens will remain active, with their timelines extended by an additional 90 days to support liquidity providers.
The new Dynamic Staking pools will offer flexible options for participants to lock their tokens for durations of their choice, with rewards increasing proportionally to the lock-up period. This evolution in staking provides users the opportunity to shape their financial strategies while contributing to the long-term stability and growth of the Rejuve.AI ecosystem.
Dynamic Staking will be available on both Ethereum (ETH) and Binance Smart Chain (BSC), ensuring participation across both networks. More details about this launch can be found here.
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