Verifiably Random Returns: Staking Rewards and Payment Solutions Lead Season 2 Premiere
Algorand Foundation's latest Verifiably Random podcast episode brings significant updates about the platform's development and ecosystem growth.
Staking Rewards will launch in December, enabling users to earn rewards for block production. A new peer-to-peer system is planned for 2025 to enhance network data flow and decentralization.
ZTLment, a European FinTech company, recently migrated from Ethereum to Algorand, reducing blockchain integration time from 30-50% to single-digit engineering efforts. The upcoming Pera debit card, developed with Immersve, will allow users to spend USDC at any merchant while maintaining control of their funds.
Coinbase Learning Rewards, launched in September, successfully brought hundreds of thousands of new users to Algorand. The program partnered with Pera, TinyMan, Folks Finance, Exa Market, and NFDomains, achieving 80-90% conversion rates between quest stages.
Key ecosystem updates include:
- CompEx launched Lofty vaults for property token collateral and introduced their platform token and cAlgo
- Lofty's marketplace reached USD65 million in total volume with USD2 million in AMM liquidity
- Pera Wallet added support for ledger Flex and Stax with improved UI
Upcoming announcements will focus on:
- Complete Staking Rewards details and participation guidelines
- New marketing campaign focused on real-world scale
The Algorand team will be present at DevCon in Bangkok and Web Summit in Portugal, with John delivering a keynote at the Staking Summit.
The next episode will provide in-depth information about staking rewards and reveal details about the new marketing campaign.
Listen to the full episode on YouTube, Apple Podcasts, or Spotify for complete details.
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