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Staking

- Technical Introduction to Neva Governance and Neva Staking

Neva Staking and Neva Governance are designed to work synergistically, creating a robust and participatory ecosystem that empowers $NEVA token holders. Neva combines staking and governance into a cohesive system that rewards participation and promotes active engagement. By staking $NEVA tokens, users not only earn rewards but also gain significant influence over the network's future, ensuring that their interests are always at the forefront. This integrated approach drives long-term value and robust growth for the Neva ecosystem.

Neva Staking

Introduction:

Neva Staking is a core component of the Neva ecosystem, designed to incentivize long-term commitment and enhance network security. By staking $NEVA tokens, participants earn rewards and gain a significant role in the governance of the network.

Staking Process:

  1. Staking $NEVA Tokens:

    • Locking Tokens: Users can stake their $NEVA tokens by locking them in the network through the Neva staking portal.

    • Staking Duration: Tokens are locked for a predetermined period, during which they cannot be transferred or withdrawn.

  2. Earning Staking Rewards:

    • Annual Percentage Rate (APR): Stakers receive regular rewards based on the APR, which is calculated on the amount of $NEVA staked.

    • Reward Distribution: Rewards are distributed periodically to the stakers' wallets, providing an incentive for continued engagement.

Technical Specifications:

  • Smart Contract: Neva staking operates on a secure smart contract deployed on the Neva network.

  • APY Calculation: The APR for staking rewards is dynamically adjusted based on network parameters and overall staking participation.

  • Security Measures: The staking smart contract undergoes regular audits to ensure the safety and integrity of staked tokens.

Integration with Governance:

  • Voting Power: Stakers gain proportional voting power in the Neva governance system, directly influencing network decisions.

  • Governance Participation: The more $NEVA tokens a user stakes, the greater their influence in voting on proposals, strategic directions, and grant allocations.

Benefits of Staking:

  • Passive Income: By staking $NEVA, users earn passive income through staking rewards.

  • Governance Influence: Stakers play a crucial role in the decision-making processes, ensuring their interests are represented.

Unstaking Process:

  • Unstaking Period: After the staking duration ends, users can initiate the unstaking process to withdraw their tokens.

  • Cooldown Period: A short cooldown period may apply before tokens are fully released and available for transfer.

Neva Staking integrates seamlessly with the overall Neva ecosystem, providing financial incentives and empowering participants with governance capabilities. By staking $NEVA tokens, users contribute to shape the future of Neva.

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