November 12, 2024

Welcome to peaq portal — stake, bridge, and more

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In a nutshell: peaq portal now enables you to stake via a simple dashboard and bridge your $PEAQ tokens through a dedicated interface. Thanks to these new features, you can earn rewards for helping make peaq more decentralized and secure and easily move your tokens to and from peaq. And this is just the beginning — peaq portal will continue to evolve, adding new features such as network governance and more with future updates.

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Your portal into the Machine Economy

With peaq mainnet live and the $PEAQ token listed on exchanges, the Machine Economy is emerging before our very eyes. And the lifeblood of that Machine Economy? The $PEAQ token, of course. It already allows you to use the DePINs and dApps on peaq and act as a validator or delegator, and in the future, it will have even more Machine Economy-centric utility. But where do you go to… well… utilize your $PEAQ? The answer is simple: peaq portal.

As the hub for managing your $PEAQ tokens, peaq portal plays an essential role in making both the peaq ecosystem and the Machine Economy run smoothly. It provides the best user experience for all peaqonauts.

peaq portal just got a major upgrade. Its new staking dashboard lets you earn rewards for staking your $PEAQ tokens in support of your chosen active nodes. And that is an important part of making sure that peaq is secure and censorship-resistant. You can also use peaq portal to easily bridge your $PEAQ tokens to and from the network, as well as access relevant network stats.

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You’ll find a step-by-step guide on how to stake here.

The things to come

This is just the beginning for peaq portal. The very first step. A drop in the sea of functionalities that are yet to come. With future updates, you can expect a lot of exciting new ways to utilize your $PEAQ and participate in the Machine Economy, including:

Network governance — you will be able to vote on major decisions around peaq’s future development and growth
Token swapping — you will be able to use a peaq-native DEX to do token swaps in the peaqosystem
Contributing liquidity to selected token pairs — you will be able to earn rewards for providing liquidity into pools on the peaq-native DEX
Participation in community campaigns — you will be able to… Hey, no spoilers! Just stay tuned to peaq’s socials, something very cool is in the works.

That’s not it, of course, and future updates will expand peaq portal’s functionality even further, solidifying its role as your gateway into the Machine Economy. Some of the possible features, slated for more research and exploration, include machine subsidies and DePIN rewards. Machine subsidies would let the community vote on value-generating machines to support for launching on peaq, while DePIN rewards would allow the community to vote on DePINs that would receive additional backing.

“This latest update to peaq portal marks a significant milestone in empowering peaq’s community to actively participate in the Machine Economy. By providing a user-friendly platform for managing $PEAQ tokens, including staking and bridging functionalities, it enables peaqonauts to support and secure the network effectively. This is just the beginning; peaq portal will continue to evolve, offering even more ways for the community to engage and contribute to the ecosystem’s growth.”

— Leonard Dorlöchter, co-founder of peaq

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