Delegated staking, one of the most eagerly awaited aspects of the high speed Layer 1 blockchain technology Aptos (APT), has now been made available. The delegated staking function, which Aptos announced on its Twitter account, is user-friendly and generally increases users’ access to the service.
Users that participate in staking, a network offering, lock their tokens in a specific smart contract to support the operations of a proof-of-stake (PoS) protocol. Investors are often compensated for locking their tokens through the platform use fees paid by users.
Staking has been considered a valid investing strategy, but since the SEC took action against Kraken Exchange earlier this year, there have been serious regulatory disputes around it.
Users can earn rewards individually and delegate their APT to a trustworthy network validator using Aptos staking, according to the protocol, giving them alternatives outside of the earlier limit. The protocol claimed that by allowing users to make money without having to bear the burden of maintaining nodes, their service benefitted users.
For all of the important players in its ecosystem, Aptos delegated staking will also foster self-custody, improve accessibility, and promote flexibility.
Aptos is building encompassing utility
During the past few months, Aptos has taken a number of steps to solidify its position as a promising developing protocol. U.Today previously revealed that the protocol established its Lava Testnet last month in an effort to provide its network’s developers with the proper tools for innovation.
After its launch, Aptos has gained significantly more popularity, and the token experienced a notable uptick after a tweet from Twitter CEO Elon Musk. In addition to launching the NFT Wormhole Bridge to foster innovation inside its ecosystem, Aptos also created the NFT Wormhole Bridge in response to the industry’s escalating rivalry for relevance.
