Crypto World News: The Espresso Foundation has begun transitioning to a permissionless and decentralized underlying layer as of February 27. The upgrade will be carried out in three epochs, with staking activation expected on March 4, and staking rewards will start accumulating. Users can delegate ESP through the Espresso staking dashboard to participate in staking, with the top 100 validators earning rewards based on their staked amount. Unstaking takes approximately 7 days to complete. Users who participate in airdrops can also unlock Boosted reward bonuses (must stake the airdropped amount within 14 days after claiming). Boosted rewards are unlocked at three milestones based on staking duration: after 3 months (cumulative staking rewards increase by 256% from token issuance), after 1 year (increase by 359%), and after 2 years (increase by 420%). If users unstake more than 50% of their tokens before reaching a milestone, they will forfeit the bonus rewards for that cycle.
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Espresso has launched the PoS transition plan, with the staking schedule expected to take effect on March 4 and accumulate staking rewards.
Crypto World News: The Espresso Foundation has begun transitioning to a permissionless and decentralized underlying layer as of February 27. The upgrade will be carried out in three epochs, with staking activation expected on March 4, and staking rewards will start accumulating. Users can delegate ESP through the Espresso staking dashboard to participate in staking, with the top 100 validators earning rewards based on their staked amount. Unstaking takes approximately 7 days to complete. Users who participate in airdrops can also unlock Boosted reward bonuses (must stake the airdropped amount within 14 days after claiming). Boosted rewards are unlocked at three milestones based on staking duration: after 3 months (cumulative staking rewards increase by 256% from token issuance), after 1 year (increase by 359%), and after 2 years (increase by 420%). If users unstake more than 50% of their tokens before reaching a milestone, they will forfeit the bonus rewards for that cycle.