Staking Season 8 Launches
HOPR Staking Season 8 launches on July 26th 2023 at 2pm CEST. This will be a half-length season, running for 45 days until 2pm CEST on September 9th. Why the shorter season? Well we have something pretty special planned for the last part of 2023 and this shorter staking season gives us the time to put the finishing touches.
Read on for all the changes. You can get more information on the full staking program here.
Unstaking from Season 7
The staking season 7 website has moved to https://stake-s7.hoprnet.org/
Once the season ends, press the Unlock button and your tokens and NFTs will be returned to your wallet, along with any unclaimed rewards.
To restake, head to https://stake.hoprnet.org and follow the instructions. Remember to unwrap your wxHOPR first with our wrapper widget.
If you have a Network Registry NFT, staking from the same address will ensure that you can continue to run your node uninterrupted.
If you would like to move your node to a different address, that’s fine, but you’ll need to reregister your node in the Network Registry smart contract, so we know the correct address to send your rewards to. We will sync the registry contract after one week, and only nodes linked to staking season 7 addresses will be able to function within the network.
Base Parameters
The base parameters for Season 8 are the same as for Season 7. As always, older NFTs have been cycled out. Only NFTs from staking seasons 6, 7 and 8 will be eligible to boost your rewards.
The important top level parameters are:
- Base rate of 1.25%
- Boost cap of 250,000
The season will run from 2pm CEST on July 26th to 2pm CEST on September 9th.
Network Rewards
Network rewards will continue into Season 8.
Because the most recent reward cycle clashed with the season switch over, it was a shorter one-week period with a reward of 75,000 HOPR tokens.
From July 26th we will return to the usual two-week schedule, so make sure to unstake and restake in Season 8 as soon as possible to make sure you keep earning rewards. All start and end times are 2pm CEST.
You can check the network rewards and current network status at https://network.hoprnet.org
This shorter staking season marks the countdown to a major evolution in HOPR staking. Stay tuned to Twitter and Telegram to learn more!
Rik Krieger,
HOPR Co-Founder
Staking: https://stake.hoprnet.org
Website: https://www.hoprnet.org
Twitter: https://twitter.com/hoprnet
Telegram: https://t.me/hoprnet
Discord: https://discord.gg/dEAWC4G
Forum: https://forum.hoprnet.org
Bounties: https://bounties.hoprnet.org
Playground: https://playground.hoprnet.org
