According to ChainCatcher, Zama has announced that its mainnet staking feature is now live. The ZAMA token has two utilities: fees and staking. ZAMA tokens paid by users will be burned by the protocol, while the protocol will mint new tokens at an initial annual issuance rate of 5% to pay operators. Operators must stake ZAMA tokens to participate and earn rewards. 40% of the rewards will be allocated to FHE nodes, and 60% will be allocated to KMS nodes.
Privacy Protocol Zama Launches Staking Function on Mainnet
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Summary
Zama rolled out a protocol update with the launch of its mainnet staking function. ZAMA tokens are used for fees and staking, with fees burned and new tokens minted at 5% annually. Operators must stake to earn rewards, which are split 40% to FHE nodes and 60% to KMS nodes. The on-chain news marks a key step in the network's development.
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