{"id":1456,"date":"2022-01-07T17:35:03","date_gmt":"2022-01-07T16:35:03","guid":{"rendered":"https:\/\/dovu.earth\/?p=1139"},"modified":"2022-01-12T14:25:48","modified_gmt":"2022-01-12T13:25:48","slug":"introducing-the-dovu-staking-programme","status":"publish","type":"post","link":"https:\/\/dovu.earth\/en\/introducing-the-dovu-staking-programme\/","title":{"rendered":"Introducing the DOVU staking programme"},"content":{"rendered":"

DOV is very much the core of our project but, over anything else, it represents more opportunities for expansion and governance, including the recent marketplace. Q4 was filled with discussions, ideas, and experiments that we\u2019ve been running internally.<\/span><\/p>\n

We\u2019ve been working hard to ensure that DOVU\u2019s home base for your offsetting platform will be on Hedera which means there\u2019s a requirement for DOV tokens to be bridged.\u00a0<\/span><\/p>\n

Behind the scenes, we’ve been putting all the foundations in place for bridging capabilities – as well as an integration with one of our favourite wallets.<\/span><\/p>\n

In January 2022 you\u2019ll hear more about the direction we\u2019re going in and why we use the tools that we do. The eagle-eyed among you have probably figured this out already, after all, in the Hedera ecosystem, many projects are interconnected.<\/span><\/p>\n

So, once tokens have been bridged, what does this mean for a user?\u00a0<\/span><\/p>\n

We\u2019re proud to announce that in Q1 we\u2019ll be releasing DOVU staking.<\/span><\/p>\n

Staking explained<\/b><\/h4>\n

This will provide the capability for any user to earn DOV tokens that they can redeem on the marketplace for carbon offset-related needs. We developed this feature throughout the second half of 2021, from ideation to implementation.<\/span><\/p>\n

In our research and development, we’ve taken a particular shine to a number of different staking platforms including Olympus Finance and WOO Network.<\/span><\/p>\n

\"\"<\/p>\n

Matt, our CTO, has a particular fascination with incentivising users with high yield – but also with the ability to create a circular economy where a portion of token value continually replenishes staking pools. So, in the long-term, to create something that would enable participants to gain high yields for their carbon offsets, and offset even more that they could when they joined the pools. It would be economically viable without continually having to drain a core treasury.<\/span><\/p>\n

Our staking vision<\/b><\/h4>\n

We want to incentivise any holder to reduce the velocity of external movements of a token. We also want to give them the opportunity to interact with the system, to increase yield over time that can be deployed back into the system as a utility.<\/span><\/p>\n

Life after bridging<\/b><\/h4>\n

After bridging your DOV to Hedera, you\u2019ll benefit from:<\/span><\/p>\n