Virtuals: Proxy staking is now live, and staking can earn points

ChainCatcher news, Virtuals Protocol announced on platform X that proxy staking is now live. The era of passive holding is over. Staking has now become the standard way to earn points in the Virtuals ecosystem.

The transition period will end on May 22 at 3 PM (GMT+8). Users need to transfer their proxy tokens to the staking contract by May 22 (Thursday) at 3 PM (GMT+8). After that, only staked proxy tokens will be eligible to earn points.

Eligible contracts include: staking contracts issued by Virtuals; whitelist contracts with a 14-day unlock cooling period. The team will publicly confirm the staking-specific qualifications after they take effect. The staking contract launched today: approximately 70 projects (including Genesis and standard issuance projects) have been confirmed to launch staking contracts today. Virgens can now stake their proxy tokens and start earning points.

Execution rules: After May 22 at 3 PM (GMT+8), only staked proxy tokens can earn points; whitelist contracts must include a 14-day unlock cooling period; projects using custom contracts have 2 weeks to migrate or adjust to meet staking requirements.