The 1st Milestone for Parachain Staking Pallet has been approved by Web3 Foundation

1/ MoonbeamNetwork announced the 1st milestone for their parachain staking pallet had been approved by Web3 Foundation Grant.

Since there is currently no staking pallet for parachains included in Substrate, Moonbeam team has decided to build their own.

2/ Moonbeam’s parachain-staking pallet determines how token holders are able to select collators producing blocks. Token holders are able to specify how much of their total stake (funds) are delegated to each collator, which means an individual has the power to choose who performs block production in the form of approval votes. In this system, token holders are the ultimate decision makers.

3/ As soon as balance transfers are authorized in Phase 4 of the Moonriver Launch Process, token holders will be able to stake $MOVR with collators.

Read more at: https://moonbeam.network/announcements/moonbeam-collators-announcement/

4/ Dont forget to follow Moonriver Launch Process https://twitter.com/PolkaWarriors_/status/1410170540824817664?s=20