TRUF Staking Program Update: Compensating Downtime | Truflation

TRUF Staking Program Update: Compensating Downtime

Published 14 Aug, 2024

Thank you for your patience and working with us regarding the staking rewards. We have heard your comments and feedback and decided to take action to address them.

Compensation for Missed Staking Rewards

To make up for the 5 days of missed staking rewards between June 9 and June 14, we have implemented the following compensation:

Increased August Rewards
For the month of August only, we have added an extra 100,000 to the staking rewards pool. This amount was calculated as follows:

  • 5 days of missed rewards out of 30 days in a month
  • Base monthly rewards of 500,000
  • Calculation: (500,000 / 30) * 5 = 83,333
  • Rounded up to 100,000 as a gesture of appreciation

Our Commitment to Stakers
We understand the anxiety and inconvenience this situation may have caused. By providing this additional compensation, we aim to:

  • Fully reimburse stakers for the missed rewards
  • Demonstrate our commitment to our community
  • Show appreciation for your continued support and patience

Moving Forward
Truflation Nation remains dedicated to providing a reliable and rewarding staking experience. We have taken steps to prevent similar issues in the future and will continue to improve our systems and communication.

We value your participation in our ecosystem and thank you for your ongoing trust in Truflation Nation. Your support is crucial to our success, and we are committed to ensuring that your staking experience remains positive and profitable.

Explore the staking portal: https://governance.truflation.com/staking

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