Virtuals Protocol Launches Delegate Staking, Encourages Active Participation

Virtuals Protocol has officially launched its Delegate Staking feature, marking a significant shift in how users can earn rewards within the Virtuals ecosystem. This new feature allows users to stake their delegate tokens and earn points, moving away from the era of passive holding.

The transition period for this new feature will conclude at 3:00 PM (GMT+8) on May 22. Users are required to transfer their delegate tokens to the staking contract by this deadline to be eligible for earning points. Only staked delegate tokens will be eligible to earn points after this date. The eligible contracts include the staking contract issued by Virtuals and whitelisted contracts with a 14-day unlock cooldown period. The team will publicly confirm the staking eligibility once it takes effect.

Approximately 70 projects, including Genesis and standard issuance projects, have confirmed that their staking contracts will go live today. This means that users can now stake their delegate tokens and start earning points immediately. The execution rules for this new feature are clear: after 3:00 PM (GMT+8) on May 22, only staked delegate tokens will earn points. Whitelisted contracts must have a 14-day unlock cooldown period, and projects using custom contracts have a 2-week period to migrate or adjust to meet the staking requirements.

This move by Virtuals Protocol is a strategic shift towards encouraging active participation and engagement within the ecosystem. By staking their delegate tokens, users can now earn points, which can be used for various purposes within the Virtuals ecosystem. This new feature is expected to drive more users to participate actively, thereby enhancing the overall activity and growth of the Virtuals ecosystem.