Chromia, the relational blockchain that makes it easy to develop user-friendly decentralized applications for almost any industry, has shared the schedule and details of its staking system upgrade.
On Tuesday, June 6, the new user interface (UI) will be released. For the next week, stakers will continue to earn rewards under the old contract at 25% annual percentage rate (APR). However, they will now be able to delegate their stakes to a vendor in preparation for the first rewards era under the new system, which begins on Tuesday, June 13.
Initially, staking rewards will be paid out at 20% APR. This ratio may change in the future. To receive the new contract rewards, users must stake and delegate CHR weekly.
