Stake $ZAMA
Blog post from Zama
The Zama Protocol utilizes Delegated Proof-of-Stake, allowing users to delegate their $ZAMA tokens to operators who maintain the network infrastructure, which includes 13 Key Management Service (KMS) nodes and 5 Fully Homomorphic Encryption (FHE) Coprocessors. Staking rewards, sourced from a protocol inflation rate of 5% per annum, are allocated 60% to KMS operators and 40% to Coprocessor operators, with distribution favoring smaller operators to promote decentralization. Operators can charge a commission up to 20% before distributing rewards to delegators, who receive liquid staking shares representing their positions. Unstaking requires a 7-day unbonding period, though shares can be transferred or sold instantly. The genesis operators include a mix of FHE Coprocessors and KMS Nodes, and becoming an operator requires proving reliability on a testnet and staking a minimum of 0.5% of the circulating $ZAMA. Governance of the protocol requires majority approval from operators, with proposals managed through Aragon. Further information is available via the Zama staking portal and documentation.
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