Celer Network Announces SGN v2 Public Staking Launch

Celer Network announced the launch of State Guardian Network (SGN) v2 public staking. In addition to the regular PoS staking rewards, stakers will now receive transaction fee earnings captured from Celer cBridge and Celer IM-based inter-chain DApps. Furthermore, SGN v1 will stop producing staking rewards on March 23rd, 2022 UTC. The State Guardian Network is a Cosmos SDK based Proof-of-Stake blockchain that uses the same security mechanisms of other L1 PoS blockchains like Cosmos Hub or Polygon. It serves as a message router between different blockchains, facilitating general message passing and cross-chain fund transfers.