Cirus launches its staking and contribution pool

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The Cirus Foun­da­tion has announced that it will be launch­ing its own Stak­ing and Con­tri­bu­tion Pool, acces­si­ble through the Cirus Plat­form. This pool will be exclu­sive­ly avail­able to plat­form users and will be open from day one of the upcom­ing Gen­e­sis release. 

The pool will allow users to earn addi­tion­al tokens, but also con­tribute to infra­struc­ture devel­op­ment for the Cirus ecosys­tem. Part of users’ staked tokens will be added to a fund ded­i­cat­ed to build­ing key infra­struc­ture, bol­ster­ing the Cirus Data Network.

The con­tributed tokens will be pub­licly vis­i­ble, and deployed trans­par­ent­ly, with reg­u­lar report­ing. Future iter­a­tions will include a Decen­tral­ized Autonomous Trust (DAT) and DAO con­sid­er­a­tions for vot­ing on fund usage. Among the first intend­ed uses for the tokens will be the acti­va­tion of nodes to sup­port trans­ac­tions on the under­ly­ing net­work. Ulti­mate­ly Cirus intends to hard­en the infra­struc­ture at the net­work lev­el first, to bet­ter sup­port the appli­ca­tion built on top of it.

The ini­tial usage of the con­tri­bu­tion pool:

  • Mul­ti­ple ETH and MATIC node cre­ation for pub­lic RPC-end­points con­nect­ed to device and data transmissions
  • Val­ida­tor acqui­si­tion and spe­cif­ic pro­to­col lev­el sup­port on ETH(L2) standards

Future con­sid­er­a­tions:

  • Gov­er­nance capa­bil­i­ty tied to net­work updates and/or fund usage (Fund usage may include per­ma­nent lock/buring con­sid­er­a­tions)
  • Reward pool for plat­form participants
  • Trea­sury col­lat­er­al for poten­tial Sta­ble­coin creation
  • Device deploy­ment – Stake­hold­er programs

This stak­ing and con­tri­bu­tion pool will be in addi­tion to the exist­ing, and upcom­ing part­ner stak­ing pools, some of which will also be avail­able through the Cirus Platform. 

Fur­ther details of the Cirus Stak­ing and Con­tri­bu­tion pool will be released clos­er to the launch of Gen­e­sis. Users can join the wait­list for Gen­e­sis HERE.

Dis­claimer: This is a paid post and should not be treat­ed as news/advice.

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