🟢 PoS Activation complete on PLYR L1
@OnPlyr has successfully integrated with the Suzaku protocol, marking the beginning of its progressive decentralization journey.
The first 2 Proof-of-Stake validators have started securing the network today!
Here's how it works:
Before the PoS activation, PLYR was solely secured by 5 Proof-of-Authority validators centralized on
@AvaCloud
By integrating with Suzaku and our BalancerValidatorManager, PLYR now has both PoA and PoS validators, and will slowly increase its reliance on PoS as it grows 🚀
Staking happens through
$sPLYR, the liquid staking token of PLYR
Once staked,
$PLYR tokens are delegated to operators, who in turn run validators for the network. The first PoS operator of PLYR L1 is
@ash_avax, who will run up to 5 validators!
Stake at
https://staking.plyr.network/
When they are ready, the PLYR team will onboard new operators to the network through
$sPLYR delegations!
Follow the progress of Suzaku-powered L1s toward decentralization on our brand new Explore section ✨
👉
https://app.suzaku.network/explore