Decentralized cloud infrastructure company Fluence has launched a staking program for community members to earn rewards.
According to the company’s statement, the program introduces a new delegated staking model that marks a departure from traditional staking, which was previously limited to hardware providers in the space. Now, all Fluence token (FLT) holders can participate by delegating their stakes to compute providers, allowing them to share in the rewards.
The staking program offers USD-pegged rewards set at $10 per month per CPU core, with a staking cost of $200 per core. While the initial investment per CPU core may seem high, Fluence has partnered with companies like Parasail to lower barriers to entry by offering liquid staking and staking pools.
Fluence, founded in February 2024, operates a decentralized network of data centres, which it claims sets it apart from conventional cloud computing because it minimizes the risks of single points of failure, improves security, and addresses issues like data lock-in and censorship.
Though it supports a wide range of applications, from blockchain nodes to AI models, the firm has noted that it has plans to grow its network of providers to accommodate a broader range of decentralized infrastructure applications.
According to the firm, this staking initiative represents a significant step in democratizing participation in decentralized computing infrastructure and offers new opportunities for FLT holders to engage with and benefit from the network’s growth. It noted that the program not only boosts community engagement but also enhances the overall security of the network.
The staking infrastructure operates on Arbitrum Orbit and is managed by the Gelato network. Major data centres like PiKNik, Nebula, and Kabat are also participating in the initiative, according to the statement.
Fluence’s move mirrors that of some other projects in the blockchain and decentralized space that are also launching staking programs. Polyhedra Network, the developer of the Ethereum scaling solution zkBridge, launched a temporary staking program offering $1.13 million in USDT rewards, which ran until July 11, 2024. Starknet, another Ethereum Layer 2 solution, also just concluded a mainnet vote to incorporate staking programs into its operations.
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