Virtuals: Proxy staking is now online, staking can earn points
BlockBeats News: On May 19th, Virtuals Protocol officially announced that proxy staking has now been launched. The era of passive holding has come to an end. Staking has become the standard way to earn points in the Virtuals ecosystem. The switching period will end at 3pm (GMT+8) on May 22nd, and users need to transfer their proxy tokens to the staking contract by 3pm (GMT+8) on Thursday, May 22nd. Afterwards, only pledged proxy tokens are eligible to earn points. Eligible contracts include: pledge contracts issued by Virtuals; A whitelist contract with a 14 day unlock cooldown period. The team will publicly confirm the pledge exclusive qualification after it takes effect. Today's launch of pledge contracts: Approximately 70 projects (including Genesis and standard release projects) have been confirmed to launch pledge contracts today. Virgens can now pledge its proxy tokens and start earning points. Execution rules: After 3pm on May 22nd (GMT+8), only pledged proxy tokens can earn points; The whitelist contract must include a 14 day unlocking cooldown period; Projects using custom contracts have 2 weeks to migrate or adjust to meet staking requirements.