Polyhedra Network’s staking program saw over 6.9 million ZKJ tokens staked in less than a month. As of Aug. 2, the total staked tokens hit the $9 million mark, involving 1,688 unique stakers.
This milestone represents just 0.08% of Polyhedra’s 1 billion total supply. The V2 staking program launched on July 15, following a successful initial offer in June that lasted four weeks and featured a $1.13 million reward pool.
Participants in the V2 program can stake ZKJ tokens for up to 52 weeks, earning rewards based on their Staking Power. Rewards are calculated and distributed weekly.
For instance, on Aug. 1, Polyhedra distributed 30,000 ZRO and 20,000 ZKJ. The program’s unique reward structure and governance participation set it apart from similar initiatives.
This strategic staking initiative underlines Polyhedra Network’s commitment to incentivizing long-term engagement and participation.
