Elrond

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Elrond

The mainnet bridge is coming - Genesis Smart Contract announcement Our Bootstrapping process is close to moving into Phase 2. The Prestaking has successfully reached 4.15 billion ERD staked, which together with the 400 million ERD rewards add up to more than 4.5 billion ERD, in line with our ambitious 5 billion ERD goal. It’s now time to lock these stakes in, for them to act as economic deterrent against attacks on the Elrond mainnet. This next step will happen via the Genesis Smart Contract, which will allow for staked tokens to be swapped directly on the mainnet. If you prestaked, you need to take some actions, read more: medium.com/elrondnetwork/the-genesis-smart-contract-is-coming-heres-what-you-need-to-know-511b900e33fd