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New Staking Mechanism / Solace

New Staking Mechanism / Solace

Etherum Reddit

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Hi everyone!

Solace, a DeFi insurance protocol on Ethereum, is launching a new staking mechanism:

Users can lock their tokens in a safe for up to 4 years to multiply their staking rewards (x2.5 after four years) and their voting rights (x4 after four years).

I am just curious what the community thinks of a system like that. Do you think this is a good incentive to engage users in the long term?

More on it: https://medium.com/solace-fi/solace-staking-v2-is-live-14923840726e

submitted by /u/SixelaCA
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