Compendia’s DeFi features (staking and voting) are moving forward! We launched a new transaction type on our testnet, and deployed our new testnet block explorer.
You’ll soon be able to renew your stake at the same – or a higher – duration.
If you extend a stake, its duration is renewed from the moment of the extend transaction at a new duration. The stake will release after the new duration has passed (3 months, 6 months, or 1 year).
If you choose to extend your stake to a longer duration (e.g. from 3 months to 1 year), you also get the increased vote power, as if it’s a new stake.
For example: if you extend your 3-month stake to a full year, the voting power granted by the stake is doubled, from 500% to 1,000%.
Extending a stake has a ß1.00 transaction fee.
You can try extending a stake now at the testnet wallet.
We expect to launch Stake Extensions on Compendia’s mainnet next week (before 20 December 2020).
We also deployed our new testnet block explorer: https://testnet.bindscan.io
The explorer is identical to our mainnet explorer, and includes testnet features before they’re deployed to mainnet (for example, the new Stake Extend transactions).
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