The Xai Foundation, which supports the The Xai staking pools allow XAI token holders in eligible regions to stake their tokens in a pool, thus earning rewards for their participation. The update introduces a new token, esXAI, which serves as an escrowed staking representation of the XAI token. Users can convert their XAI to esXAI and then stake the tokens to participate and earn staking rewards.Staking pools can be created by Sentry Key owners—who had to complete know-your-customer (KYC) protocols—that operate nodes that support the network. Pool operators can then determine the distribution of pooled network rewards, specifying the percentages allocated to themselves, Sentry Key stakers, and esXAI stakers.The higher the tier of a staking pool, based on the amount of esXAI staked, the greater the reward multiplier for the staked Sentry Keys. This, the Xai Foundation hopes, will encourage “collaboration and competition among pools to attract stakers and climb the reward tiers,” according to a release.The Xai Foundation first “We are thrilled to introduce staking pools to the Xai community,” added the pseudonymous Soby, a core contributor to Xai. “This upgrade represents our commitment to delivering the best value and rewards to our users while ensuring the long-term health and success of the Xai network.”Xai staking pools live. These pools will create the bedrock for coordination across the ecosystem between key stakeholders and third party rewards. More below 1/2 pic.twitter.com/QB7da7LMqo— XAI (@XAI_GAMES) April 16, 2024The Xai network launched its mainnet earlier this year alongside a Additional projects are Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by
