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Astar Easy Guides: dApps Staking V3. "The App Store of Web 3"

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1 year ago

DApp staking is a reward system unique to @AstarNetwork.

If you hold #ASTR or are a developer, you can earn $ASTR.

The V3 was launched last month.

Confused about what it means exactly?

I condense it in this EASY guide.

Building the App store of Web 3! 

That's what @WatanabeSota said at Consensus 2023.

And this is helped by the unique dApp staking mechanism.

What problem does it solve?

Developers are paying the price to develop dApps.

And yet, they are key players in an ecosystem.

It slows down everything.

What are the benefits? It's a win-win-win.

What is the difference with V2? At its core, it remains the same while bringing enhancements:

- Cap on Rewards - Support for Newly Launched dApps - Increased Engagement for Stakers - Rewards for Active Participation- Locking and Staking Separation

4/ New to the dApp Staking terms? Here are the basics:   

- Era is a unit of time in dApp Staking, roughly equivalent to a day.

- Period is a longer unit, like a month.

- And when a new period starts, all stakes are reset to zero.

5/Tier System

dApp Staking v3 also introduces the Tier System.

A method to rank dApps based on the total value staked on them.

Higher tiers offer larger rewards.

You can always check the Projects Leaderboard to see where your dApp ranks!

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Max.eth

Max.eth

Engineer & ex Head of Sales| I easily explain DeFi | @AstarNetwork @celestiaorg decoder| @token_titans | 🍊
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