Long Staking on XPR Network: A Reintroduction

Long Staking returns to the XPR Network, presenting a distinct opportunity for users to leverage their assets in sync with Bitcoin's value fluctuations. 

Simplifying the mechanism:

- 90-Day Cycle: XPR is staked into a ninety day locking mechanism in which the satoshi value of XPR is recorded at the time of long staking and recorded into the XPR blockchain by decentralized pricing oracles. Should the satoshi value XPR increase at the time of unlock, you will receive no additional XPR. Should the satoshi value of XPR decrease from the time of long staking you will receive additional XPR.

- 365-Day Cycle: XPR is staked into a three hundred sixty five day locking mechanism in which the satoshi value of XPR is recorded at the time of long staking and recorded into the XPR blockchain by decentralized pricing oracles. Should the satoshi value XPR increase at the time of unlock, anything above 106% of the satoshi value, you will receive no additional XPR. Should the satoshi value of XPR decrease below 106% of the satoshi value from the time of long staking you will receive additional XPR.

Pre-Staking Steps:

1. Create a WebAuth Wallet: Begin by creating an account on WebAuth.com

2. Funding: Ensure your WebAuth/XPR account has a sufficient XPR balance.

3. Metal X: You can trade XPR on Metal X, by connecting your WebAuth Wallet

Dive into Staking:

1. Access Explorer: Navigate to the XPR Network Explorer.

2. Connect Wallet: Connect your WebAuth account by selecting 'login' on the top right.

3. Staking Selection: Choose 'Long Stake' XPR from the navigation menu.

4. Duration: Decide between:

   - 90 Days

   - 365 Days

5. Stake Quantity: Specify the XPR amount for staking (minimum 100 XPR).

6. Initiate: Click "Long Stake" to commence.

> Note: After staking initiation, the amount is locked for the chosen term. The release date is labeled as "Unlock Date."

Forecast Outcomes:

Before committing, use the calculator to estimate outcomes for your staking amount across both durations. This tool provides BTC (sats) to XPR values for the duration's start and end.

The resurgence of Long Staking emphasizes our commitment to meeting community demands and enriching user experience. The previous iteration witnessed an impressive 90% staked supply. With continued community engagement and feedback via the governance dashboard, we aim to elevate this benchmark.

Frequently Asked Questions:

Q: Will there be a native Long Staking feature in the wallet?  

A: Absolutely, it's in the pipeline.

Q: Can I find more details on the governance dashboard?  

A: Yes, delve into the specifics and community feedback on this proposal