- RichQUACK’s staking pool recently reached a $1 million TVL not even a week since its launch.
- RichQUACK is also developing other projects, including its sustainability initiative.
- The staking pool of QUACK has been audited as safe by Techrate.
The staking pool of the hyper-deflationary token RichQUACK recently reached a total value locked (TVL) of $1 million, CoinQuora has learned. This news comes just a week shy of the staking pool’s launch.
The RichQUACK team sees this as a win as growth in TVL means increased support of the native token from the community. At press time, the RichQUACK Twitter (NYSE:TWTR) account has reached over 212 thousand followers and over 50,000 users on Telegram.
The team behind RichQUACK is “thrilled to see the amount of excitement that the staking pool has generated in the community,” according to a QUACK spokesperson.
The spokesperson added that the growing support will envigorate them as they continue with new developments:
It’s great to see such user involvement and participation. There are more great projects coming up, and we are happy to be blazing forth with such great support from our users.
RichQUACK also revealed that it is currently rolling out its Earthling project, in line with the company’s sustainability efforts. Earthling will function as a decentralized platform that will enable users to track and offset their carbon footprint by buying carbon credits. Said credits will be used for other sustainability projects, according to the RichQUACK team.
Last March 19, the staking pool of RichQUACK was launched which allows users to lock their QUACK into the pool to earn yields. Users can get up to 28 percent in yearly interest, depending on the stake duration, ranging from 7 to 90 days. Audit company Techrate also reported that the RichQUACK pool is safe for users.