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REGULATION
by
2 years ago

Aptos launches “Delegated Staking” to increase network engagement

2023-04-24

REGULATION
by
2 years ago


Aptos blockchain Layer 1 has introduced a new feature aimed at increasing accessibility to staking on the network, according to a blog post onThursday.

 


Ref:  Aptos on Twitter 


Delegated staking will allow users to earn staking rewards without running a node themselves. Additionally, it reduces the amount of Aptos (APT) tokens required to participate. Currently, users only need 11 APT tokens, worth approximately $117 at the time of publication, to stake their tokens.

 

With delegated staking, users can delegate their stake to a trusted validator, who will earn profits from locking up the user's crypto for a set period of time without any additional fees. 

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