During the community program, we will also add challenges for our community to engage in. Our second challenge is for those with graphical skills! Create an infographic about dApp staking.
What is dApp staking:
Instead of staking to validators, users can choose to nominate their Astar/Shiden tokens on the project. These users are also known as nominators. At every block, half of your block rewards are used for dApp staking. This reward is further divided into a 4:1 ratio between operators (developers) and nominators.
40% of block rewards is a huge incentive for dApp developers to build in the Astar ecosystem. In other blockchains like Ethereum, dApp developers need to apply for grant programs, issuance of tokens, fundraising etc. to earn some money. In the Astar ecosystem, as long as your dApp has been nominated, you will receive some basic income. As your dApp grows in popularity, more members of the community will nominate you and this means that you will receive a greater percentage of the block reward!
We must also not forget the nominators. 10% reward is quite substantial and can serve as an alternative to staking to validators or lending on other DeFi platforms.
Read more about the challenge here:
Here are the results from the community and please vote: