RUNEVault Staking to continue

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THORChain

2019-10-04 — 1 min read

RUNEVault

RUNEVault was launched in early August as a staking platform for RUNE token holders prior to BEPSwap launching.

It has been incredibly successful, with over 258 members partaking in the program, staking over 50m RUNE.

In total, 1,688,199.42 RUNE has been paid out, allowing holders to increase their balances by ~10% in the space of 10 weeks.

Continuing RUNEVault

Due to the success of RUNEVault and to ensure strong retention of RUNE token holders as we make our way to the BEPSwap mainnet, as well as community feedback, the team will extend the RUNEVault program:

  • 1% of Staked Balances Per Week
  • Balance Snapshot is taken 0:00–8:00 am UTC every Monday
  • No minimum, no maximum, no time restrictions

At 1% per week, this is an Annual Percent Rate (APR) of 52% per year, which matches and exceeds the best staking programs around.

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