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Fluence Unveils Rewarding Staking Program for Community Empowerment.
Reinout te Brake | 23 Sep 2024 19:06 UTC
Fluency, the decentralized infrastructure firm, has recently introduced its staking program, opening up opportunities for community members to earnrewards. The firm announced the launch of a unique delegated staking model, a departure from traditional setups where only hardware providers could stake.
With this new model, all Fluence token (FLT) holders can now participate by delegating their stakes to compute providers and sharing rewards. This change not only encourages broader community involvement but also strengthens the network's security.
One of the key highlights of Fluence's approach is the utilization of a distributed data center network, contrasting the conventional cloud computing setup. This decentralization helps minimize risks such as single points of failure, enhances security, and prevents data lock-in and censorship.
Fluence has set USD-pegged rewards and stakes at $10 per month per CPU core for rewards, and $200 per core for staking. This pricing model offers stability for providers against cost fluctuations, making it an attractive option for those looking to participate in staking.
Furthermore, Fluence has expanded its staking opportunities through partnerships like Parasail, which brings in liquid staking and staking pools. These collaborations help reduce the entry barrier for potential stakers, making the staking process more accessible.
The staking infrastructure for Fluence is hosted on Arbitrum Orbit and managed by the Gelato network. Additionally, Fluence has partnered with top-tier data centers such as PiKNik, Nebula, and Kabat to ensure the reliability and efficiency of its platform.
staking-opportunities-through-parasail-s-liquid-staking">Fluence Expands staking Opportunities Through Parasail’s Liquid staking
As Fluence continues to grow, it aims to expand its provider network and enhance its platform's usability for a wide range of applications, including diverse DePIN applications. The company's focus on collaborative partnerships and innovative staking models sets it apart in the decentralized infrastructure space.