Symbiotic introduces direct native token rewards for stakers and node operators

Source
JH Kim

Summary

  • Symbiotic announced the release of a reward feature that directly distributes native tokens to stakers and node operators.
  • This feature has been activated on 8 partner chains, reportedly offering higher efficiency compared to the previous reward model.
  • Symbiotic stated its goal is to expand its ecosystem by strengthening staking participant incentives and increasing collaboration with partner chains.

On the 27th (local time), according to the virtual asset (cryptocurrency) media outlet Blockworks, staking protocol Symbiotic has launched a new reward feature that allows native tokens to be distributed directly to stakers and node operators.

This feature has been activated on 8 partner chains, and has been designed to enhance efficiency compared to the existing reward model, allowing participants to earn more direct rewards.

Symbiotic aims to strengthen incentives for staking participants and expand its ecosystem by enhancing collaboration with partner chains.

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JH Kim

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