What's staking?

If your cryptocurrency works on Proof of Stake protocol, you can stake it to a larger pool. By staking a portion of your assets, you can gradually accumulate rewards. This holds for Aleph Zero's token - $AZERO.

 

But how does it work? Staking is a process of checking if every other block added to the blockchain is valid. Moreover, when validators get more stake support from different people, it shows the network that their votes can be trusted. So, the more stake they have, the more influence their votes carry.

How do you earn through staking?

Your $AZERO earns rewards as it actively participates in one of the most crucial processes in the PoS blockchains - validating new blocks. Coins supporting staking utilize a consensus mechanism known as proof of stake, ensuring the verification and security of all transactions.

 

Opting to stake your cryptocurrency integrates it into this process over time, rewarding users involved in this activity with a share of tokens.

What do you need for staking?

To stake your AZERO tokens, you need only two things - your $AZERO tokens and delegate them to the staking pool. And it happens that we know a perfect place for it. We want to introduce you to Nightly Wallet.

How do you start staking?

After downloading your Nightly Wallet, you need just a few clicks to start staking. Click the "stake" button on the main page of the wallet, then choose between Pool-based staking or Direct staking.

Differences between Direct Staking and Pool-based Staking

Pool-based staking is for the smaller amounts of AZERO tokens, requiring only 10, while Direct staking requires at least 2k AZERO. Due to that, for the first stake, we recommend Pool-based staking.

Which staking pool should I choose?

There are plenty of staking pools on Aleph Zero, but as Nightly, we recommend Nightly's validator. Not only is it safe, as we are a known brand that establishes lots of activities on Aleph Zero, but also because it can give you the most significant rewards.

Is staking safe?

As we mentioned before, staking is one of the safest activities you can do on Aleph Zero. Placing your tokens in the staking pool makes them work for the chain's safety, as more tokens mean chains have better verification.

 

All in all, if you want to get more tokens safely, staking is the best option for you.
So don't wait! Download Nightly and start staking your $AZERO!