Staking rewards are ready to be activated, according to the Interlay tokenomics: 5% of 4 year supply (i.e., 50M INTR), emitted linearly (i.e., 12.5M INTR per year).
Interlay’s governance model requires INTR to be staked to participate in voting. The more and the longer INTR are staked, the more voting power a user receives - and hence the more staking rewards. Rewards are distributed proportionally based on the voting power - so called vINTR (Note: vINTR is not a token and cannot be transferred. It is only a measure of an account’s voting power).
Staking is already active - but no rewards are currently distributed. Rewards are important to incentivize active staking and governance participation which is critical for Interlay’s security and growth as an ecosystem.
The staking user interface has been added to the Interlay Dapp (https://app.interlay.io/staking) making it easy for both beginners and advanced users to stake and participate in governance.
The next step is hence to activate staking rewards via an on-chain governance proposal.
Fellow Interlay innovators - as always, we appreciate your time reviewing this proposal and welcome comments and feedback.
Resources
Interlay Governance 101: https://docs.interlay.io/#/interlay/governance
Governance guides: https://docs.interlay.io/#/guides/governance (incl. how to make a proposal)
Interlay tokenomics: https://docs.interlay.io/#/interlay/tokenomics