Say Goodbye To Lazy & Active Staking, And Hello To Content Staking

TL;DR: Subsocial’s staking system aims to sustainably reward active users and creators for growing the network. In order to further achieve this goal, staking rewards will be increased by 50% , while the Lazy Staking system will be removed. Active Staking will be upgraded and renamed to Content Staking. With these changes, users will need to lock a minimum of 2,000 SUB (up from 100) in order to be able to like posts. Liking recent posts will continue to generate rewards for both the creator and the liker. Users that only lazy staked in the past will now have the opportunity to earn even more than they were before, simply by using the platform.

The Content Staking upgrade is expected to release tomorrow, on Friday, February 2nd. Tune in to tomorrow’s AMA to learn more.

Retrospective

Towards the end of October, Subsocial received an upgrade, adding the beta for the innovative Creator Staking system (also known as “Lazy Staking”), inspired by Astar’s Dapp Staking model. With Lazy Staking, SUB holders could stake their SUB to Registered Creators, and receive more SUB in return. Creators would also receive SUB rewards based on how many tokens were staked to them.

In theory, the best creators would get lots of SUB rewards in exchange for producing good content on Subsocial and helping to grow the network.

In practice, this system did not function as well as it could have. A number of creators remained inactive, while still earning rewards, and most token holders still did not actively engage on the network. For a normal blogging site, that may be fine, but Subsocial is a full social network, and it needs back-and-forth engagement.

Following the initial results of Lazy Staking, the Active Staking system launched in alpha in early January. Active Stakers could increase their Lazy Staking rewards by liking recent posts on Subsocial, and the authors of those posts would also receive rewards.

Network activity immediately skyrocketed, igniting a frenzy of new creators posting, and users engaging. Community engagement has never been higher, and Subsocial’s content and user base is blossoming like never before.

Moving Forward

Comparing Lazy Staking and Active Staking, there is a clear winner. However, the locking mechanism of Lazy Staking is still good for the network, which leads us to the new system, simply named Content Staking.

In the new design, users will need to lock their SUB tokens, which will provide no rewards, but will allow access to join the Content Staking system, where they can like posts and receive rewards. Any creators looking to join the network and start earning are free to begin posting, and when their posts are liked, they will receive SUB!

As Lazy Staking rewards are disappearing, Content Staking rewards will increase by 50%, further rewarding active creators and users. This update should prove to be especially beneficial for creators with small audiences, as the likes on their posts will matter even more!

The Content Staking system is expected to go live tomorrow, Friday, February 2nd. For most users, nothing will change, other than rewards increasing. Users that already have their tokens locked in Lazy Staking do not need to do anything - your tokens will be migrated to the new lock system and you will remain eligible for Content Staking. You can unlock your tokens at any time, though you will still need to wait for the unlocking period.

With Subsocial entering a new era, make sure you take part! Whether you are a creator, a reply guy, or even just a lurker, now is the perfect time to get some SUB, lock it, and start earning rewards by helping Subsocial to grow.

Start staking, start liking, start connecting, and we’ll see you on-chain!