If you’re planning on buying AVAX with your Escrypto wallet, you can help secure the Avalanche network by choosing to stake all or a portion of your holding. As a validator, you will receive, on average, % APY and up to a maximum of %. The great thing about staking AVAX is you don’t need any high-powered, specialist hardware. It’s recognized as the network that requires the lightest hardware setup, making it easy for anyone to stake and earn crypto rewards.
Solana is one of the most popular blockchain networks, with over 4,000,000 SOL tokens currently staked. This complex network doesn’t offer a guaranteed APY for staking. Instead, returns are based on the performance of the network and inflation. Those currently staking Solana have seen an average of around % APY. Only stake-supporting wallets can stake Solana, with Escrypto users being among those lucky crypto investors.
You may earn yield on any ETH that you stake as a reward for helping secure the network. ETH staking rewards are given in accordance to how much ETH is validated and what rewards the network is offering over a time period. When there is very little ETH staked, the protocol rewards will be larger as an incentive for more ETH to come online. As an increasing amount of ETH is staked, the reward is reduced.
Staking is one of the only ways to passively earn cryptocurrency and ensure you increase the size of your portfolio. With an Escrypto staking-enabled wallet, starting the process couldn’t be easier.
Escrypto’s institutional-grade vault keeps your cryptocurrency secured during the staking process. Wallets are most vulnerable to hacks when they’re online. By implementing a wallet that requires public and private keys, you’ll never be hacked – ever. Whenever you buy, sell, swap, or stake cryptocurrency, every asset in your digital wallet will be protected, freeing you to focus on your investments.
Step 1: Buy the ETH, SOL or AVAX
Step 2: Choose how much you want to stake
Step 3: Review the staking protocols and rewards
Step 4: Stake your crypto and wait for the rewards