Decentralized Computing Firm Fluence Introduces Staking Program With Community Incentives
Decentralized infrastructure firm Fluency on Friday launched its staking program, inviting community members to earn rewards.
In a statement on Friday, the firm said it introduced a unique delegated staking model. This marks a significant departure from the traditional setup where only hardware providers could stake, it added.
Now, all Fluence token (FLT) holders can participate through delegating their stakes to compute providers, sharing rewards. This not only broadens community involvement, but also fortifies the network’s security.
The wait is over, FLT Staking is officially LIVE!
— Fluence (@fluence_project) September 20, 2024
At @depinday, Fluence co-founder @TheTomTrow dropped the big news, marking a huge milestone for Fluence and our community.
Be part the cloudless computing revolution! Read on for your step by step guidepic.twitter.com/kSTd42xvAP
USD-Pegged Staking Rewards
When examined, Fluence’s approach contrasts with conventional cloud computing, as it utilizes a distributed data center network. This decentralization minimizes risks like single points of failure, enhances security and avoids data lock-in and censorship.
Also, Fluence set USD-pegged rewards and stakes at $10 per month per CPU core for rewards and $200 per core for staking. CPU core is the processing unit within a computer that performs computations and runs programs, akin to the brain of a computer.
This USD calibration offers stability for providers against cost fluctuations. The program supports various applications from blockchain nodes to AI models, showing the versatility of decentralized computing.
Fluence Expands Staking Opportunities Through Parasail’s Liquid Staking
The staking process, which requires a significant investment per CPU core, is made more accessible through partnerships like Parasail, which introduces liquid staking and staking pools.
In turn, this reduces the entry barrier for potential stakers. Fluence’s staking infrastructure is hosted on Arbitrum Orbit and managed by the Gelato network.
Additionally, Fluence’s approach involves top-tier data centers like PiKNik, Nebula and Kabat. As Fluence grows, it aims to expand its provider network, enhancing its platform’s usability for diverse DePIN applications.
The post Decentralized Computing Firm Fluence Introduces Staking Program With Community Incentives appeared first on Cryptonews.
Read More
What is Sui Network, and How High Will it Go in the 2025 Crypto Bull Run?
Pi Coin Price Prediction: Pi Coin Bleeds Near All-Time Lows – Is a Full Collapse Now Just Days Away?
Decentralized Computing Firm Fluence Introduces Staking Program With Community Incentives
Decentralized infrastructure firm Fluency on Friday launched its staking program, inviting community members to earn rewards.
In a statement on Friday, the firm said it introduced a unique delegated staking model. This marks a significant departure from the traditional setup where only hardware providers could stake, it added.
Now, all Fluence token (FLT) holders can participate through delegating their stakes to compute providers, sharing rewards. This not only broadens community involvement, but also fortifies the network’s security.
The wait is over, FLT Staking is officially LIVE!
— Fluence (@fluence_project) September 20, 2024
At @depinday, Fluence co-founder @TheTomTrow dropped the big news, marking a huge milestone for Fluence and our community.
Be part the cloudless computing revolution! Read on for your step by step guide
USD-Pegged Staking Rewards
When examined, Fluence’s approach contrasts with conventional cloud computing, as it utilizes a distributed data center network. This decentralization minimizes risks like single points of failure, enhances security and avoids data lock-in and censorship.
Also, Fluence set USD-pegged rewards and stakes at $10 per month per CPU core for rewards and $200 per core for staking. CPU core is the processing unit within a computer that performs computations and runs programs, akin to the brain of a computer.
This USD calibration offers stability for providers against cost fluctuations. The program supports various applications from blockchain nodes to AI models, showing the versatility of decentralized computing.
Fluence Expands Staking Opportunities Through Parasail’s Liquid Staking
The staking process, which requires a significant investment per CPU core, is made more accessible through partnerships like Parasail, which introduces liquid staking and staking pools.
In turn, this reduces the entry barrier for potential stakers. Fluence’s staking infrastructure is hosted on Arbitrum Orbit and managed by the Gelato network.
Additionally, Fluence’s approach involves top-tier data centers like PiKNik, Nebula and Kabat. As Fluence grows, it aims to expand its provider network, enhancing its platform’s usability for diverse DePIN applications.
The post Decentralized Computing Firm Fluence Introduces Staking Program With Community Incentives appeared first on Cryptonews.
Read More
What is Sui Network, and How High Will it Go in the 2025 Crypto Bull Run?