tl;dr
Xai, an Ethereum layer-3 gaming network, recently introduced new staking pools aimed at fostering collaboration between stakeholders and enabling third-party rewards. The staking process revolves around the use of Sentry Key and esXAI, driving innovation and sustained growth within the gaming enviro...
Xai, an Ethereum layer-3 gaming network, recently introduced new staking pools aimed at fostering collaboration between stakeholders and enabling third-party rewards. The staking process revolves around the use of Sentry Key and esXAI, driving innovation and sustained growth within the gaming environment. Staked Sentry Keys and esXAI tokens play a pivotal role in pool creation and capacity, with holders of esXAI having the potential to earn network rewards. XAI's immediate redemption for esXAI seeks to boost ecosystem support and attract new investors. This move contributes to the resurgence of Web3 gaming, reflecting widespread investor confidence in the sector in 2024.
Xai, a popular Ethereum layer-3 gaming network built with Arbitrum, announced the launch of its new staking pools on April 16, 2024. These pools pave the way for greater collaborative efforts between core stakeholders and enable third-party rewards within the Xai ecosystem.
Staking pools often become hubs for innovation, driving the creation of games, non-fungible token (NFT) drops, and other exciting projects. Xai aims to leverage staking for sustained growth and a more robust gaming environment. A Sentry Key is fundamental to the staking process in the Xai ecosystem. Pool creation requires a staked Sentry Key. The owners of Sentry Key can stake their keys in multiple pools to boost reward tiers and maximize their earnings. Staked keys form the foundation of a pool, directly impacting its potential rewards.
Besides Sentry Key, pool capacity for esXAI also plays a major role in XAI staking pools. esXAI is a new token representing staked XAI in escrow. KYC-verified Sentry Key owners have the exclusive ability to create pools and set network reward percentages for themselves. Additionally, holders of esXAI also have the potential to earn network rewards, the percentage of which is set by the pool creator. XAI’s immediate redemption for esXAI intends to encourage greater ecosystem support from existing members, attract new investors, and promote overall network health.
Xai’s move is one of several recent developments fueling the resurgence of Web3 gaming in 2024. Initiatives like Saga’s “Power-Level Over 9000” campaign and a16z’s new Games Fund signal widespread investor confidence in the sector.
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