Attractive block rewards for validators and users delegating via DeFi Wallet

Today, is announcing the target Mainnet CRO staking rewards on the Chain will be set at ~20% p.a. for active participants of the network at Mainnet launch on 25 March 2021. Chain is a public, open-source and permissionless blockchain - a fully decentralized network with high speed and low fees, designed to be a public good that helps drive mass adoption of blockchain technology through use cases like Payments, DeFi and NFTs.

CRO Mainnet Staking rewards are given to validators (and millions of individual users delegating CRO to validators via DeFi Wallet) which helps secure the network and participate in the consensus to approve blocks and validate transactions.

The target APY for the network launch phase is set to be ~20% with an estimated 500M CRO in yearly rewards to be distributed. As previously announced, 5 billion CRO has been allocated for distribution as rewards over the next 10 years.

The DeFi Wallet will enable one-click delegation of staking and rewards collection at Mainnet launch for all participants, with no minimum staking requirements.

Download the DeFi Wallet.