Aptos team rolls out delegated staking mechanism

Developers of the first-tier Aptos blockchain (APT) launched the delegated staking function, which makes the staking process “more accessible and user-friendly.”

Introducing Aptos ‘Delegated Staking’—a new feature on Aptos that makes staking more accessible and user-friendly.

Users can now delegate their staking power to a trusted network validator and earn rewards as an individual—providing options outside of the previous threshold. pic.twitter.com/wF07fXlDbU

— Aptos (@Aptos_Network) April 20, 2023

Thanks to the feature, APT holders can delegate control of their tokens to a trusted validator and earn rewards as individuals.

The project team noted that the initiative ‘benefits by allowing network participants to earn rewards without taking on the burden of operating nodes’. In addition, delegated Aptos staking ‘promotes self-custody, increased accessibility and flexibility for all stakeholders in the ecosystem’.

Users can stake APT directly in Aptos Explorer or choose from several partner services such as Pontem Network or Nodes Guru.

«Delegated staking is a significant step forward in our mission to build a more efficient and secure decentralized network», the developers said.

The project also prepared a detailed guide to staking within the blockchain.

As markets revived, the APT token price in January rose by 416%. In terms of market capitalization, the platform overtook Stellar and Bitcoin Cash, moving closer to Ethereum Classic and Monero, and crossed the $3 billion mark.

In April the token rose by 15% after Elon Musk’s tweet consisting of three acronyms.

In the same month, the Aptos team awarded a $20 million grant for Web3-artists as part of a campaign to attract new network participants.