Tezos

Grow Your Own

Creator

tz1ZgkTFmiwddPXGbs4yc6NWdH4gELW7wsnv

Description

This message and commemorative NFT has been airdropped to all delegators of The Shire in the first snapshot of the Quebec protocol (cycle 823). Dear Shirefolk, This is a friendly message to notify you of some important changes to the Tezos blockchain and how it rewards the securing of the network through delegation and staking. The Paris amendment introduced a new feature called staking that is different from traditional delegation. The Quebec amendment increases the capacity for bakers like The Shire to take on external stake, and future upgrades may continue to promote staking over delegation through the proportional rewards allocated to each. Staking is different from delegation by the act of locking your funds with the baker itself *the vault under The Hill*. Staked funds will earn you about three times as many rewards as delegating tez. The Shire humbly invites you to consider staking a portion of your tez. You can do so easily at stake.tezos.com. There are a few risks you should be aware of before staking. One important difference is that staked funds may be subject to penalties if the baker misbehaves. This has never happened in the history of The Shire, but it is a risk you should be aware of with the act of staking nonetheless. The second difference is that any staked funds require an unlocking period of about 12 days and are therefore less liquid than delegated funds, which can be transferred at any time. The Shire welcomes more stake from its citizens to secure the Tezos digital commonwealth. If you have any questions please feel free to reach out to me through the telegram linked in The Shire’s tzkt.io profile. Warm regards, The Shire

Traits

Tag

theshire

Token