• Staking is a process of having a large number of tokens and being selected to validate transactions in a Proof-of-Stake (PoS) network.
• Stake pools are mediums that help crypto holders with smaller stakes to participate in staking and increase the chances of getting rewards.
• There are several crypto staking pools available in the market that can provide users with profits ranging from 4% to 50%, depending on the cryptocurrency.
What Is Staking?
Staking is a process used by blockchain networks that use a proof-of-stake (PoS) consensus algorithm to validate transactions and achieve distributed consensus. Participants with the largest number of tokens have a higher chance of being selected to validate transactions, which results in rewards for them.
What Are Crypto Staking Pools?
Crypto staking pools are mediums that allow crypto holders with smaller amounts of tokens to participate in staking. This makes it easier for token holders with small stakes to earn rewards through staking, even if they don’t have enough tokens to be selected as validators themselves.
Best Crypto Staking Pools Available In The Market
Here are our top five recommendations when it comes to crypto staking pools:
Everstake
Supported cryptocurrencies: 37 different coins and tokens. APY: Depends on the cryptocurrency. Lock-up period: Depends on the cryptocurrency. Payout frequency: Depends on the cryptocurrency. Type: Non-custodial Additional rewards: No Minimum/maximum staking amount: Depends on the cryptocurrency Everstake is a responsible validator that claims to be trusted by 625k+ users across 70+ blockchain networks, running over 8,000 nodes . The platform creates liquid staking products allowing both institutional investors and individual token holders 5% – 20% profit annually through their non-custodial solution, directly from their respective crypto wallets.
P2P
Supported cryptocurrencies: 26 different cryptocurrencies APY: between 4% and 50%. Lock-up period: Depends on the cryptocurrency Payout frequency: Depends on the cryptocurrency Type: non-custodial Additional rewards : No Minimum/maximum staking amount : Depends on the cryptocurrency P2P provides secure non-custodial services for professional investors , allowing token holders to participate in stacking without running any nodes . With an average uptime of 99%, P2P ensures continuous reward generation whilst mitigating performance related risks . Currently , more than 25,000 investors have +$1 .5 billion in stakes asset managed across 25+ unique blockchain networks .
LYOTRADE
Supported Cryptocurrencies : LYO Credit (LYO) and USDT APY : 24% -50 % Lock – up period : depends on the currency , but ranges from 360 days – 720 days Payout frequency : depends on lock – up period Type : Centralized , but has DEX Swap feature Additional Rewards : The LYO Credit Token earns rewards through inflation or community reward programs Minimum / maximum staked amount : Not mentioned Lyotrade offers high returns by leveraging its proprietary Liquidity Mining technology while providing secure access using its own infrastructure . Additionally , Lyotrade offers some additional features such as DEX Swap function where users can swap tokens without moving funds anywhere else , thus providing enhanced security against hackers or bugs .
Supported Cryptocurrencies : ETH 2 .0 & Binance Smart Chain APY : Up To 10 % Lock – up Period : 180 Days Payout Frequency ; Monthly Type ; Centralized Additional Rewards ; Airdrop & Referral Programs Minimum / Maximum Staked Amount ; Not Mentioned MyCointainer offers one of the most reliable platforms for earning passive income for Ethereum 2 . 0 & Binance Smart Chain through its PoS Pool service . It provides multiple incentives such as Airdrop programs & referral programs along with guaranteed uptime & transparent fee structure making it one of most preferred options by many participants globally.