Register to Vote for GoChain Staking
GoChain Improvement Proposal 35 (GIP-35) is ready for an official community vote. It has passed the initial vote and the steering committee vote and will now be going for the final community vote. If this passes, GoChain staking will be implemented.
Overview of the Proposal
The proposal will make staking rewards available to any $GO holders. The staking rate will fluctuate depending on how much is staked, but we expect it to be a very competitive rate and the market will essentially decide on the rate.
- If 10% of the entire supply of GO gets staked, the rate will be ~20%.
- If 20% of the total supply of GO gets staked, the rate will be ~10%.
Staking along with transaction fees being burnt, implemented early last year, should make holding GO long term very attractive.
The proposal details can be found here: gochain/gips#35
How to Vote
See this page for details on how to vote: How to vote
