Zama Launches Mainnet Staking With Dual Utility Token

Zama enables $ZAMA holders to delegate to encrypted computation and key management nodes for staking rewards, with public sale participants able to claim and stake from February 2.

Summary

Zama announced that $ZAMA token staking is now live on mainnet, allowing holders to delegate to 18 nodes for rewards. FHE nodes handle encrypted computation and receive 40% of rewards, while KMS nodes manage threshold decryption and receive 60%. Unbonding takes seven days, and public sale participants can claim and stake tokens starting February 2.

Terms & Concepts
  • Staking: The process of locking cryptocurrency to support network operations and earn rewards.
  • FHE nodes: Network nodes utilizing fully homomorphic encryption, enabling computations on encrypted data.
  • KMS nodes: Network nodes providing key management service functions for secure cryptographic operations.