Aptos Introduces Delegated Staking to Increase Participation in Staking on Network

The new feature will allow users to reap staking rewards without requiring them to serve as validators for the blockchain’s transactions. 

AccessTimeIconApr 21, 2023 at 7:40 p.m. UTC
Updated Apr 21, 2023 at 7:44 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Layer 1 blockchain Aptos has introduced a feature that aims to make staking on its network more accessible, according to a Thursday blog post.

The new offering, delegated staking, allows users to earn staking rewards without running nodes themselves. It also lowers the amount of the blockchain’s native token, aptos (APT), needed to participate in staking. Now users will only need 11 APT, worth roughly $117 at publication time, to stake their tokens with the blockchain.

“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.

With delegated staking, users can enlist the help of a trusted validator to stake for them. In this way, token holders profit from locking up their crypto for predetermined periods of time without needing to obtain special hardware or pay a fee to run code to verify blockchain transactions.

Participants can stake APT directly in the Aptos Explorer or choose from staking interfaces created by the blockchain’s partners, such as Pontem Network and Nodes Guru.

APT is trading at $10.65, down 2% from its price 24 hours ago, according to CoinGeck data.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Elizabeth Napolitano

Elizabeth Napolitano was a news reporter at CoinDesk.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.