Celestia Redeems TIA from Polychain, Revamps Staking Rewards

Description

Celestia Fund bought all remaining TIA from the venture capital firm. Tokens will be redistributed according to a new unlocking schedule. The sale coincided with a change in the rules for calculating staking rewards. The Celestia Foundation announced it has purchased all remaining TIA tokens from Polychain Capital for $62.5 million. This deal marks the exit of one of the project’s key early investors and comes ahead of a network upgrade that will alter how staking rewards are distributed. All re...