Evolving Staking on Ethernity: Preparing for a New Chapter
LP Staking will officially close on December 13th at 12 PM EST
By James — Dec 05, 2024
At Ethernity, we’re constantly refining how our community participates in our ecosystem. As part of this evolution, LP Staking will officially close on December 13th at 12 PM EST, marking the end of rewards distribution for these pools and making way for a new staking protocol to elevate the staking experience.
Why the Change?
The closure of LP Staking represents a key step in preparing for the next phase of Ethernity’s ecosystem. This new protocol will focus on delivering enhanced value, creating a streamlined experience for participants, and further aligning with Ethernity’s long-term growth strategy.
What Happens Next?
If you’re currently participating in LP Staking, here’s what you need to know:
1️⃣ No Immediate Action Required: There’s no need to withdraw your tokens immediately. However, rewards for LP Staking will stop after December 13th, so your tokens will no longer accrue additional earnings.
2️⃣ Need Help?: If you experience any issues withdrawing your tokens, please reach out to us at [email protected] or create a ticket on our Discord server for immediate assistance.
3️⃣ Transition to the New Protocol: The upcoming staking protocol will introduce a modernized system to benefit participants. Details will be shared soon, highlighting how it will enhance the staking experience and reward ecosystem engagement.
Looking Ahead
The new staking protocol will be purpose-built to deliver better value to ERN holders while aligning with Ethernity’s long-term growth. This evolution marks another step toward enhancing the utility of $ERN and creating a seamless staking experience.
While Fixed Staking Pools have already closed, opportunities like the Stone Farming Protocol remain available, allowing you to keep your tokens active during the transition period.
Stay Informed
The closure of LP Staking marks a significant shift for Ethernity, setting the stage for a stronger and more dynamic ecosystem. Stay tuned for updates on the new staking protocol and other exciting developments.
If you have any questions or need assistance, please don’t hesitate to contact us at [email protected] or via our Discord server.
Thank you for being a vital part of Ethernity’s journey as we continue building the future of Web3 together.
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