Centric Rise (CNR) staking will go live on Green House Staking’s decentralized finance platform on Sunday, March 6
Centric COO Tommy Butcher announced that Centric partner and DeFi staking application Green House Staking (GHS) will officially launch on Sunday, March 6 at 10:00 PM UTC.
GHS will allow users to stake and earn Centric Rise (CNR) tokens. Users will pay a ten percent fee to stake and unstake. According to a post on GHS’s Telegram channel, the smart contract allocates the ten percent fees as follows:
- 7% to all existing stakers
- 1% to the Bonus Reward Pool
- 1% platform fee
- 0.5% referral fee (or Harvest Reward Pool when no referral)
- 0.5% partner wallet (funds for partnerships with other DApps)
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After an initial audit in October by blockchain security firm Hacken, followed by a secondary review in January, the GHS smart contract received the highest possible security rating (“well-secured”). GHS has been running on a testnet since November and has held two bug bounty events. The GHS team said they found opportunities to enhance the user experience, but “no contract vulnerabilities.”
A spokesperson for GHS said, “As we’ve repeated since day one, security of user funds is a top priority. We believe the extra time spent on auditing and testing will ultimately benefit everyone who participates. A big thanks to the Centric community for their support and patience over the past few months.”
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Butcher said the following, “Green House Staking offers Centric investors yet another way to grow their investment. I’m excited by the potential impact of GHS users voluntarily locking up a large amount of Centric Rise (CNR) for a long time.”
As Centric runs on the Binance Smart Chain blockchain, users wishing to stake on GHS will need a small amount of Binance Token (BNB) to interact with the smart contract. Compatible wallets include MetaMask, Trust Wallet, TokenPocket, and SafePal.
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