What is Venom Pools?

Venom Pools is a project of the Venom Foundation that allows users holding VENOM tokens to earn a yield by adding their tokens to a staking pool. It was created to meet the demand for staking pools in which users can pool their VENOM tokens together with Validators and earn rewards.

The Venom blockchain network uses the energy-efficient Proof-of-Stake mechanism, in which transactions are validated by Validators holding a certain amount of VENOM. These Validators earn interest for validating transactions and create staking pools to increase their validation power. They then share a portion of the earned interest with users who have pledged their tokens to the pool.