Staking as a functionality in the crypto space has gotten a lot of attention since the Ethereum network has transitioned onto the Proof of Stake consensus and the stakers have the ability to un-stake their staked ETH. Soon after the Shapella hard fork, the crypto community has gotten a lot of new upgrades from various crypto networks.
A new upgrades in the series have come from Aptos Network! The team at Aptos has come out with Deligated Staking, which is aimed at garnering more participation from the community memebers. This new feature is set to allow the users to earn staking rewards without the need for them to serve as validators for the transactions taking place on the blockchain.
Other than that, the new introduction also lowers the amount of the requirement of the native token, aptos in order for the investors to participate in staking. The users can only have 11 APT, which is worth roughly around $117 at publication time for them to stake their tokens with the Aptos blockchain.
Read more: Aptos Price Prediction
Did you hear the big news? Delegated staking is now available on Aptos.
Dive into it on the next #AptosMoveMonday with @BwareLabs‘ @flavian_bware and @itsNPhard. The team led the development of this feature and co-wrote the smart contract!
TUNE IN 👇https://t.co/L9FWTdtqPk pic.twitter.com/chIK67aUfP
— Aptos (@Aptos_Network) April 21, 2023
As per the blog that was published by Aptos on Thursday, April 22, 2023, “Delegated staking ensures that token holders continue to hold ownership of their APT in their own wallets, and do not have to resort to off-chain methods of funds aggregation.”
There are three big benefits in Delegate Staking for the end users, as per the Aptos blog. They are as follows;
- Increased accessibility: With the need to have as little as 11 APT as the minimum staking requirement accessibility has increased significantly for the users.
- Flexibility: There is an option for the users to choose the validator of their choice to delegate their staking power, which allows them to support the validators that they trust and also align with their values.
- Self Custody: The new feature; Delegated staking; ensures that the token holders continue to hold the ownership of their APT tokens in their own wallets.
The participants are now able to stake APT directly in the Aptos Explorer or choose from the available staking interfaces that are created by the partners of the Aptos blockchain. For example; Pontem Network and Nodes Guru.
Additonal read: Rocket Pool makes ETH Staking affordale
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