Truflation Rolls Out Staking: A New Way to Earn with TRUF Tokens

Truflation staking program is now live. This initiative allows you to earn additional rewards and gain governance power by staking your TRUF tokens. Let's break down how it works and how you can participate.

What is Staking?

Staking is the process of locking up your TRUF tokens for a set period of time in order to earn rewards and voting power within the Truflation ecosystem. By participating, you can help secure the network and have a say in governance decisions, all-the-while earning additional TRUF tokens.

Key Features of Truflation Staking

1. You can lock tokens for periods of 1 month, 6 months, 1 year, or 3 years.
2. You earn veTRUF tokens, which represent your voting power and reward points.

How to Get Started

Visit: https://governance.truflation.com/staking

Staking

1. Stake: Lock your TRUF tokens for a chosen period of time. The amount of veTRUF tokens you receive depends on the amount and duration of the stake.
2. Extend Stake: Extend your staking period or amount to earn more rewards.
3. Un-stake: Withdraw your tokens once the staking period is over.
4. IMPORTANT: You cannot un-stake before maturity.

Rewards and Voting Power

• Rewards: Earn additional TRUF tokens linearly over time. The reward rate is set based on the total rewards, total number of participants, and campaign duration.
• Voting Power: veTRUF tokens grant you governance rights. You can delegate voting power by transferring veTRUF to another address.

Example

Let's say you stake 1500 TRUF tokens for 120 days. The veTRUF tokens you receive are calculated based on the following formula:

amountveTRUF = (amountTRUF * t) / (maxDuration * 365)

In this case, you would receive approximately 164.38 veTRUF tokens.

Benefits of Staking

• Earn More: Receive additional TRUF tokens as staking rewards.
• Governance: Influence decisions within the Truflation ecosystem.
• Support the Network: Help secure and stabilize the network by staking your tokens.

Share Your Thoughts

Have questions? Join our community on Discord, Telegram, and Twitter. We’re excited to hear from you and support your staking journey!

Start Staking Now: https://governance.truflation.com/staking

Staking TRUF tokens is the way to get more involved with Truflation and earn rewards. Whether you’re looking to maximize your token holdings or play a more active role in governance, our staking program offers valuable opportunities. Join us in revolutionizing the DeFi economy and making financial data more accessible and transparent.

Stay tuned for more updates and happy staking!

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