TechFlow news: Blockchain platform Chromia announced it will conclude its "MVP" mainnet phase on September 30, after which the network will officially be known as "Chromia Mainnet." Meanwhile, Chromia's native staking functionality will launch on September 24.
Following the rollout of native staking, users will be able to stake CHR tokens on Chromia, Ethereum, and Binance Smart Chain, with an annual staking yield of 10%, plus a share of network fees.
Stakers must delegate to a service provider on the Chromia Mainnet, and rewards will be automatically distributed daily in native CHR. Withdrawals will still require a two-week waiting period. Existing stakers are advised to promptly visit the new staking interface and re-delegate after the new system goes live.
The legacy EVM staking system will cease reward distribution on September 28, 2024. Users will have six months (until April 1, 2025) to claim any unclaimed EVM rewards.
