• Staking is a process that allows crypto holders to validate transactions in a Proof of Stake (PoS) network and earn rewards.
• There are various staking pools available in the market for users to choose from.
• Five recommended crypto staking pools include Everstake, P2P, LYOTRADE, Binance, and KuCoin.
What is Staking?
Staking is a process that allows cryptocurrency holders to validate transactions on PoS networks and receive rewards in return. It involves locking up funds or tokens into a wallet as collateral and earning rewards for validating blocks on the blockchain. This process increases decentralization on the blockchain and helps secure the network against malicious actors.
Top 5 Crypto Staking Pools
There are numerous staking pools available in the market for users to choose from. Here we have summarized our top five recommendations:
Everstake
Everstake is a responsible validator that provides liquidity staking products with non-custodial solutions, allowing users to stake directly from their respective wallets. With Everstake one can get 5% – 20% profit annually by staking with transparency of rewards across 70+ blockchain networks.
P2P
P2P offers secure non-custodial services for professional investors, enabling token holders to participate in staking without running a node themselves. The platform has grown to manage +$1.5 billion in staked assets across more than 25,000 investors and 25+ unique blockchain networks with an average uptime of 99%.
LYOTRADE
LYOTRADE provides centralized staking services with DEX Swap feature that allows users to stake LYO Credit (LYO) and USDT with 24%-50% APY over lock-up periods ranging from 360 days to 720 days depending on the cryptocurrency..
Binance
Binance offers custodial staking services for institutional investors or individuals who want access to advanced features such as automated delegation with no minimum entry amount requirement along with flexible lock-in periods starting at 7 days up until 1 year period depending on each asset’s cycle time..