One popular way to earn passive income in crypto is through something called staking. So, what are the most popular coins to stake and how profitable is staking? US_SupremeShort explains:
software and run a validator node. In order to receive staking rewards, a validator needs to be within the top 100 validators in terms of tokens delegated. In other words, you will need other LUNA holders to select you as their delegate to stake on their behalf.Terra has a built-in six-second block time, meaning rewards can be earned every six seconds. If a certain number of validators attest to the block’s validity, the proposer is rewarded. Otherwise, that person may lose his or her stake.
Let’s say you have 1,000 LUNA that you are looking to stake and the price is around its 52-week high of $103.33 for a total of $103,330. After one year, you would have earned 1,000 LUNA running a validator and 70 LUNA as a delegator.is the native cryptocurrency of Tezos, which is an open-source smart contract platform used to issue new digital assets and create dapps. XTZ fuels the Tezos platform and enables holders to participate in voting on Tezos protocol proposals.
For delegation, the current APY is about 6%, less the total fee charged by the validator. For example, Tezos staking is made available on Coinbase, which requires only a minimum balance of 0.0001 XTZ and an APY of nearly 5%.
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