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STELLAR STAKING JOURNEY PAYS 25% APY ON STAKED XLM

Author

Stellar Development Foundation

Publishing date

June 27, 2024




With the inflationary mechanism no longer operating after the Protocol 21
Upgrade, we've introduced a new dividend payout system on the Stellar
blockchain. This system brings many exciting benefits, making it a thrilling
development for all Stellar network users.

The reserve account holding 26 billion XLM has been redeployed to serve as the
reward pool for the Stellar Staking Journey, which is commencing now!

The new payout system, available to all Stellar network users, operates on a
deflationary algorithm. This means that as more users stake their XLM, the
rewards decrease over time. Initially, the system offers a 25% APY rate, but
this will decline proportionally to the number of stakers and their staked XLM
balances. In simpler terms, the more people stake, the less each individual will
receive.

The more users start staking, the lower the reward percentage gets.

A great implementation that received much applause from the Stellar community is
the daily payout program, which ensures that all staked profits are distributed
at the 24-hour threshold.

HOW TO STAKE YOUR XLM

 * Access the Stellar Account Viewer tool.
 * Sign into your account.
 * Click the Stellar Staking feature button.
 * Select a validator from the dropdown list.
 * Sign the transaction.

I'm ready



BRINGING WEB2 USER EXPERIENCE TO WEB3

Navigating the complex world of Web3 has been challenging for many users. The
new passkey feature simplifies this journey, offering a seamless onboarding
experience that feels familiar and intuitive. With the passkey, users can easily
sign contracts and verify transactions using biometrics, eliminating the need
for traditional two-factor authentication (2FA) and reducing the risk of data
breaches.




KEY BENEFITS OF THE PASSKEY FEATURE

We understand that complex interfaces can be a barrier to adoption. That's why
our passkey feature leverages a user-friendly flow that mirrors the simplicity
of Web2 applications, making it easier for everyone to transition to Web3.

Enhanced Security: In an era where data breaches are all too common, the
non-custodial and decentralized solution provides robust security without
compromising user control. By moving away from centralized solutions, Stellar
offers a user experience that truly empowers individuals.

Reliable Technology: Frustrations with buggy apps and constant errors are now
hopefully a thing of the past. The combination of Soroban, secp256r1, and
passkey services ensures a reliable and efficient experience for all users.

Biometric Authentication: Signing transactions with biometrics is a
game-changer. This feature enhances security and streamlines the user
experience, making it more convenient and secure.




BUILT WITH PURPOSE

The Stellar passkey feature is more than just a technological advancement; it
reflects a commitment to user-centric design and real-world impact. Stellar has
practical and transformative solutions that help bridge the gap between
traditional and decentralized financial systems.

Launching the Stellar passkey feature is a significant leap forward in this
journey. Stellar invites early adopters and developers to explore the
possibilities of this new feature and join us in shaping the future of Web3.

For more details, visit xn--stllar-j4a.com or contact SDF directly. Sign up here
to stay tuned for more updates and innovations regarding all things passkeys.




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