Important $AVT Staking announcement as the program reaches over 90% capacity
November 12, 2021
In the past two weeks, the $AVT Staking Program received approximately one full node’s worth staked $AVT (250,000 or 10% of the total), bringing the program to around 90% full — good news for everyone.
Part 2 of the program closes once full.
Stakers will avoid Ethereum gas withdrawal fees using the Aventus Network in Q1 2022
To avoid the disastrously high Ethereum gas fees for $AVT withdrawals from the staking program, we will group all staking fees and make them available for withdrawal over the Aventus Network in one simple transaction, with one single transaction fee, at a cost measured in cents — not hundreds of dollars.
We expect this functionality to go live in Q1 2022, meaning $AVT stakers are unable to withdraw their share of fees until then.
Rest assured that your share of transaction fees are accruing in the meantime and, when the time comes, you will be able to withdraw at much less than 1% of the current cost.
To register for the Aventus Validator Program visit https://www.aventus.io/ecosystem/.
For more information on the Validator Registration Program and how to stake AVT, read this handy Validator Registration guide and read this handy ‘how-to’ guide.