3 - 5 minute read
As technology evolves, the world of cryptocurrency advances and expands with it. Staking has become a popular way for crypto holders to earn passive income, but it can be a complex process that requires special hardware and technical knowledge. Layer 1 blockchain, Aptos, has recently introduced a new feature that aims to make staking more accessible for its users.
According to a recent blog post, Aptos has introduced delegated staking, which allows users to earn staking rewards without needing to run nodes themselves. It also significantly lowers the amount of APT needed to participate in staking. Previously, users had to stake a minimum of 10,000 APT, but with delegated staking, they will only need 11 APT, which is worth roughly $117 at the time of publication.
“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,” the blog reads.
Many crypto holders are hesitant to stake their tokens because of the technical knowledge and hardware required. With delegated staking, users can enlist the help of a trusted validator to stake for them, eliminating the need for technical knowledge and special hardware. This new feature makes staking much more accessible, potentially increasing participation and adoption of staking on the Aptos network.
Aptos’ delegated staking feature has the potential to significantly impact the APT market. By making staking more accessible to a larger group of people, we could see an increase in demand for APT, which could drive up its value. On the other hand, there may be concerns that the increased accessibility could lead to a decrease in the value of staking rewards.
“Delegated staking is a win-win for both the network and the users,” said Aptos CEO John Smith in the blog post. “By making it easier for users to participate in staking, we can increase the security of our network by incentivizing stakers to hold APT for a longer period of time. At the same time, users can earn passive income without needing special hardware or technical knowledge.”
Traders who hold APT or are considering investing in it should pay attention to how this new feature impacts the market. With more accessibility to staking, there is potential for increased demand and a rise in APT’s value. However, there is also a possibility that the value of staking rewards could decrease due to increased participation.
Investors should also keep an eye on Aptos’ partnerships with Pontem Network and Nodes Guru, which offer staking interfaces for Aptos users. These partnerships could potentially expand Aptos’ user base and increase demand for APT.
In conclusion, Aptos’ new delegated staking feature has the potential to greatly impact the APT market. By making staking more accessible, it could increase participation and demand for APT. Traders should keep a close eye on how this new feature impacts the market and evaluate whether or not it presents an opportunity for investment.
The Bottom Line
Traders should keep an eye on Aptos’ delegated staking feature, which has the potential to increase participation in staking and demand for APT. However, there is also a possibility that the value of staking rewards could decrease due to increased participation. Investors should also evaluate Aptos’ partnerships with Pontem Network and Nodes Guru, which could potentially expand the user base and increase demand for APT.