The decision to expand the staking options to include Polkadot (DOT) and Cosmos (ATOM) reflects a growing interest in the cryptocurrency market, providing users with additional ways to earn passive income. The staking portfolio now features well-known cryptocurrencies such as Solana, Ethereum, and Cardano, creating a diverse range of options for investors.
This expansion occurs during a period of significant market volatility, influenced by the recent trade tariffs established by government policies. At the time of reporting, Polkadot was listed as the 20th highest cryptocurrency by market capitalization at approximately $6 billion, experiencing a decrease of 6%. Similarly, Cosmos saw a decline of 2% in one day and 9% over the past week.
The blockchain technology underpinning cryptocurrencies consists of a decentralized network of blocks that maintain a comprehensive record of transactions. This structure enhances data integrity, as the ledger can exist in both public and private forms, providing an immutable and verifiable transaction history. Such features contribute to the resilience of blockchain against data manipulation and tampering.
The rising trend of crypto staking highlights the increasing engagement of users with digital assets. Staking, which involves locking up cryptocurrency to support operations like transaction validation, is seen as an efficient way for users to earn passive rewards securely and effortlessly. Following the successful introduction of staking for other major assets in the past, the addition of Polkadot and Cosmos was well-received, accommodating market demand.
Staking rewards are allocated based on the tier of the user’s club within the platform, allowing participants to earn between 45% and 90% of the staking yield. A portion of the rewards is retained by the platform itself to manage the operational and technical costs associated with the staking process. This system is designed to provide both flexibility and security for users involved in staking activities.
Participation in staking programs requires users to be located in regions where such activities are allowed. Additionally, specific holding periods known as “intro days” must be met to qualify for staking rewards. Users will receive monthly updates via email regarding their earnings, ensuring transparency in the rewards process.
Furthermore, there are plans to enhance trading options, including the introduction of options trading for users outside the United States. The commitment to offering new services extends to areas such as securities lending, which aims to fortify existing revenue streams while creating new opportunities for users.
The emphasis on expanding staking services and introducing new asset classes underscores the intention to keep pace with the evolving landscape of digital finance. This proactive approach highlights a commitment to meeting the needs of users while encouraging broader participation in the growing blockchain ecosystem.