On Friday, Fluence, a decentralized infrastructure firm, introduced its staking program, which enables community members to earn rewards.
The company announced on Friday that it had implemented an innovative delegated staking model. It was also noted that this represents a substantial departure from the conventional arrangement, which permitted only hardware providers to stake.
All Fluence token (FLT) holders can participate by delegating their stakes to compute providers and sharing rewards. This not only enhances the network’s security but also broadens community engagement.
Staking Rewards Pegged to the Dollar
Fluence’s methodology differs from traditional cloud computing in implementing a distributed data center network. This decentralization mitigates risks such as single points of failure, improves security, and prevents data lock-in and censorship.
Additionally, Fluence established USD-pegged stakes and rewards at $10 per month per CPU core for staking and $200 per core for rewards. The CPU core is the processing element of a computer that is responsible for the execution of programs and the execution of computations. It is analogous to the brain of a computer.
This USD calibration provides providers with cost stability in the face of fluctuations. The program demonstrates the adaptability of decentralized computing by supporting various applications, including blockchain nodes and AI models.
Fluence Expands Staking Opportunities with Parasail’s Liquid Staking
The staking process necessitates a substantial investment per CPU core and is more accessible through partnerships such as Parasail, which introduces liquid staking and staking pools.
Subsequently, this diminishes the entry barrier for prospective stakeholders. The Gelato network manages Fluence’s staking infrastructure, which is hosted on Arbitrum Orbit.
Furthermore, Fluence’s methodology incorporates premier data centers such as Nebula, PiKNik, and Kabat. Fluence’s objective is to enhance the efficacy of its platform for a variety of DePIN applications by expanding its provider network as it expands.