CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Astar Network Announces Compounding Rewards Feature

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Finally, Astar Network Announces Compounding Rewards Feature is now LIVE! on Astar Network. Compounding Rewards are the newest feature on Astar for the Dapp Staking program. To Show Exception: the Dapp Staking program Astar allow developers to do what they love.. developing!

What’s more, By providing developers with a basic income through Dapp Staking. In addition, nominators and stakers can stake $ASTR with their favorite projects and be rewarded with different rewards depending on the project. So, Compounding Rewards allows stakers to take those rewards and compound them on top of their initial stake, increasing the amount of rewards because of the now larger stake.

Compounding Rewards was one of the highest requested features for the dapp staking program. Feedback and ideas from our community is what allows them to make Astar even better.

About Astar Network

Astar Network is the Smart Contract Hub for WASM + EVM on Polkadot. Since winning its Parachain auction in January 2022. In brief, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. AstarNetwork is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offer the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.

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