Let’s talk about Stake Weight 👀

1/ When you stake WCT in the WalletConnect Network you have to lock your tokens for a period of time…

It can be 2 weeks, 1 month, 1 year or even 2 years :alarm_clock:

The longer you lock your tokens the more stake weight you have!

2/ For simplicity let’s refer to Stake Weight as “stWCT”

For 1000 WCT locked for 2 years you have 500 stWCT

For 1000 WCT locked for 1 year you have 250 stWCT

For 1000 WCT locked for 1 month you have 20 stWCT

For 1000 WCT locked for 2 weeks you have 10 stWCT

3/ This is important because it affects both…

Staking Rewards → the more stake weight the more rewards you can claim

Governance Voting → the more stake weight the more voting power you have

4/ Right now there is a Governance vote active with 1M stWCT out of the total 12M stWCT :muscle:

That means more than 8% all stake weight has already vote in the first proposal!

Go to vote.walletconnect.network to cast your vote on the UX Council :point_down:

snapshot.box/#/s:walletconn…

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