$PROS staking is live: earn rewards without losing liquidity
one of the interesting developments in the Pharos ecosystem is now live.
@Farooxyz has officially launched liquid staking for
$PROS, giving holders another way to participate in network security while maintaining a transferable staking position.
but what exactly does this mean, and how does it work?
letโs break it down.
1. meet stPROS
through Faroo, holders can stake their native
$PROS and receive stPROS in return.
think of stPROS as a tokenized representation of your staked PROS position.
your deposited PROS contributes to Pharos network security and participates in native staking rewards, while the stPROS you receive remains transferable.
this is where liquid staking becomes interesting: you can maintain exposure to your staking position without having to keep your original PROS in an inaccessible staking position.
2. how do rewards accumulate?
this is probably the most important part to understand.
Faroo uses an exchange-rate mechanism to reflect accumulated staking rewards.
your stPROS balance does not necessarily increase every time rewards accrue. instead, the amount of native PROS represented by each stPROS increases over time.
in simple terms:
you hold the same amount of stPROS, but its exchange value in PROS can grow as staking rewards accumulate.
thatโs how Faroo approaches liquid staking rewards.
3. what about unstaking?
liquidity doesnโt mean instant redemption, so itโs important to understand the withdrawal conditions before participating.
here are some of the current details:
โข minimum staking amount: 0.01 PROS
โข unstaking period: approximately 24 hours to 14 days
โข redemption fee: 0
โข maximum active unstaking requests: 5
once your unstaking request is completed, you still need to manually claim your PROS.
always check the applicable conditions inside the DApp before submitting a request.
4. more than just liquid staking
another useful detail is that Faroo also supports native PROS staking.
this gives holders different participation options depending on their preferences.
you can explore the liquid staking route through stPROS or use the native staking option available on Faroo.
the important thing is having more flexibility in how you participate in the Pharos PoS economy.
5. why does this matter for Pharos?
a blockchainโs security depends on active participation, reliable validators and a healthy staking economy.
as Pharos continues developing its mainnet infrastructure, making staking more accessible is another step towards connecting token utility with network participation.
Farooโs stPROS introduces an additional layer to that experience by combining staking rewards with a transferable tokenized position.
of course, liquid staking also comes with risks, including smart contract, validator and liquidity risks. estimated APY can change, and rewards are not guaranteed.
$PROS is gradually gaining another practical use within the Pharos ecosystem.
from transaction fees and governance to network security, delegation and now liquid staking through Faroo, its utility continues to develop.
for holders interested in exploring the new option:
๐ explore Faroo:
app.faroo.xyz/stake
๐ Pharos staking portal:
port.pharos.xyz/stake
stake PROS. receive stPROS. understand how your rewards accumulate.
the next chapter of the Pharos staking economy is taking shape.
@Pharos_network
#PharosStoryteller
from mainnet to staking rewards. โ
six months ago, Pharos outlined a phased approach to
$PROS issuance.
the first phase prioritised limiting early dilution. now, Pharos is preparing for the next phase: activating protocol staking rewards on PacificOcean Mainnet.
here's why this matters. ๐งต