RIDE Staking program on Maiar Exchange
holoride is excited to announce the introduction of RIDE ‘Metastaking’ on the Maiar Exchange in collaboration with our tech partner, Elrond.
We know the community has been eagerly awaiting the ability to stake RIDE, so we are thrilled to be able to share some more details on the upcoming RIDE staking program!
Over the next few weeks, we will be going live with a powerful RIDE staking program for our community. The innovative program combines staking, liquidity providing and yield farming on the Maiar Exchange — it will be called “Metastake”.
With Metastake you will be able to stake both RIDE and EGLD-RIDE-LP farm tokens and earn RIDE rewards with them. It’s our interpretation of DeFi’s trinity combined in a unique way that gives our long-term, committed holoride supporters a powerful staking mechanism for their RIDE holdings. And the option to compound rewards for further benefits.
The program will begin after the completion of a special ‘Battle of Yields’ public testing event, which will be taking place soon. After testing is complete, users are able to stake RIDE on the Maiar Exchange and receive rewards.
The holoride team has committed 21.75M RIDE tokens to the staking program, which will be distributed over the course of 12 months to our loyal community.
Stay tuned for more updates in the upcoming days regarding the innovative Metastaking program.
We are in this for the infinite game!
RIDE on 🚀
About holoride
holoride creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real-time. These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time. holoride technology provides a new type of immersion into any kind of VR content, creating a breathtaking, immersive experience, and significantly reducing motion sickness.
The tech startup was founded at the end of 2018 in Munich, Germany by Nils Wollny, Marcus Kuehne, Daniel Profendiner, and Audi, who holds a minority stake in the startup.
In April 2021, holoride raised €10 million in its Series A funding round led by Terranet AB, earning the company a €30 million valuation. That same year, holoride won the prestigious SXSW Pitch and was also named Best in Show. It has been hailed “Best of CES 2019” four times, recognized as one of the “100 Best Inventions of 2019” by TIME Magazine, and is part of the global innovation platform “STARTUP AUTOBAHN powered by Plug and Play”.
