Published On: Tue, 01 Oct 2024 15:24:00 GMT

Tectum Announces Changes to $TET Staking Program Amid Transition to New Consensus Model

Tectum announces changes to its $TET Staking Program, discontinuing 120, 150, and 180-day staking pools from October 3rd as it transitions to the Ivy Tree Consensus model.

Tanishq Bodh News

Oct 1, 2024

Author: Tanishq Bodh

The Tectum community has been informed of significant updates to the $TET Staking Program as the platform transitions to a new consensus model, known as the Ivy Tree Consensus, and introduces a new staking structure. As part of this shift, the staking pools with 120, 150, and 180-day lifespans will be discontinued starting from October 3rd.

Key Details:

Staking Pools Affected: The 120, 150, and 180-day staking pools will no longer be available for new or additional staking after October 3rd.
Existing Stakes: Any current stakes in these pools will continue to generate rewards until the completion of their respective terms, ensuring that users are not impacted by the changes during the transition.

Tectum’s decision to update its staking model aligns with its goal of improving the ecosystem’s long-term growth and security. The platform acknowledged any inconvenience caused and expressed gratitude for the community’s understanding as these enhancements are implemented.

For more information on the new consensus mechanism, visit Ivy Tree Consensus Blog.

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