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Earning Crypto on Stakin – A Simple Guide

Staking is a popular expression in the cryptocurrency world. A common feature of several cryptocurrencies is the concept of staking, which allows users to receive incentives for verifying transactions.

Stakin.com (or, simply, Stakin) is a popular choice among crypto-staking enthusiasts. Our guide will review the main aspects of this platform for all our readers.

About Stakin

Stakin is a public blockchain network infrastructure provider. Non-custodial staking services are available to both institutional and individual users. Across dozens of networks, it runs highly available blockchain nodes (with over 99.5 percent of uptime). 

Custom API services, specialized support, study materials, and more are available through Stakin.

Stakin Launch

In January 2019, Stakin released its first public stake infrastructure on Tezos. Since then, the group has continued to work on developing new protocols and ecosystems that show potential on the market.

The team noted several significant shifts in the DeFi sector over time. Investors are already pondering how they will report their staking revenues and payouts at the end of the fiscal year.

According to the team, new community initiatives aim to achieve decentralization through DAOs. Stakin feels the ecosystem and voting power must stay distributed across many stakeholders. 

In addition, the team saw an improvement in the market’s security. Stakin highlights that the infrastructure of validators and staking-as-a-service providers has evolved lately.

Start Using Stakin

Anyone wishing to become using Stakin will need to follow the steps below:

  • Open Stakin’s official website and click on the “Stake” button at the top-right corner of the home page.
  • You’ll see a page where you can search for the network you want to use to stake.
  • Once you are happy with your search, click “Stake now.”
  • The next page you will see will have convenient information about the token you selected.
  • Go ahead and click “How to stake” and follow the instructions on the page.
  • Remember: staking different tokens may require different wallets. Use the right wallet for each staking operation.

Stakin’s Business Strategy

Stakin operates on the market in a dual way. The platform charges fees on each dividend or interest that you will earn on this platform. You will see that each token has a forecasted annual percentage rate (APR) yield on this website. 

Make sure you consider the fees associated with each staking process before using your funds.

The team also relies on providing Infrastructure-as-a-Service (IaaS) to stay in business. Service subscriptions and consulting are the main core products of this area.

Stakin’s Team

An experienced team of Fintech and blockchain specialists is at the heart of this initiative. Nodes and staking services Stakin’s core, a PoS public blockchain infrastructure operator. 

Stakin wants to facilitate the staking of tokens and the development of blockchain-based businesses. The project aims to simplify the process for token holders and developers. 

Proof of Stake (PoS) cryptocurrencies have the whole Stakin team highly hopeful about their future. As a team, Staking thinks it can improve the allocation of wealth, leading to a more decentralized and sustainable future.

The team’s leading specialist is Lionel Rebibo. When it comes to introducing blockchain technology to hedge funds, he’s the most senior member of the team.

Edouard Lavidalle has been working on a Crypto Traded Indices project alongside Lionel as a side project. As a full-stack developer, Tiago Machado worked with some of the world’s most famous AI firms and startups.

Withdrawals and Deposits

Depositing and withdrawing funds on a staking platform follows rigid rules. Furthermore, as we explain below, these rules may vary from one token to another.

Deposits on Stakin.com

Before depositing your crypto and locking them in a staking contract, you must ensure you understand how this system works.

We find it helpful to mention a practical case: imagine you want to stake MATIC on the Polygon chain. 

First-time MATIC staking can take up to 12 checkpoints (i.e., up to twelve hours) to appear in Polygon’s online user interface.

The system’s lockup period is an important aspect you must consider. With MATIC, there are 80 checkpoints in the lockup period. In practical terms, this period corresponds to around 3-10 days on average. This value changes based on protocol rules and the congestion of the Ethereum network.

Withdrawing Crypto on Stakin.com

Withdrawing funds in the staking world is an operation that experts typically label “unstaking.” 

There is a fundamental rule you must keep in mind if you want to avoid unpleasant surprises. If you wish to begin the withdrawal procedure, you must wait until the unbonding or lock-up time ends. This period differs from one blockchain to another. 

During the unbonding or lock-up time, you will not be able to withdraw your staked tokens.

Once again, we can look at a simple example on Polygon with the MATIC token. There is a 2 MATIC minimum withdrawal or reinvestment requirement for staking payouts. If you do not meet this threshold, you won’t be able to claim your staking rewards.

Remember that this threshold only applies to staking rewards, with no limits on the number of tokens you can unstake.

How Does Stakin Appeal to Traders?

For each supported blockchain, Stakin regularly shares different competitive advantages that this platform can offer.

Once again, sticking to our MATIC example, Staking mentions the following details:

  • Stakin offers a 99.5%+ uptime with a robust infrastructure setup. In order to achieve this result, the platform uses a distributed architecture.
  • Moreover, Stakin says that it has an entire infrastructure for testing future software and protocol improvements.
  • As of today, more than 1,000 delegators have entrusted Stakin with their MATIC.
  • Stakin joined Polygon testnet back in 2019.
  • The members of the Stakin team have worked on Ethereum Layer 2 networks and scaling solutions for the Mainnet.
  • All staking, unstaking, and network-related questions are the field of expertise of Stakin. You can simply contact their specialized support team for these matters. 

How Does Stakin Work? A Step-by-Step Guide

Those wishing to stake their cryptocurrencies on Stakin will need to follow a set of pre-determined steps. It is important to note that each token has different ways to lock funds in a staking contract. 

MATIC, on the Polygon network, can be an excellent example of how this process works. If you are interested in staking a different token, follow Stakin’s dedicated guides.

If you want to delegate on the Polygon Network, you’ll need MATIC and ETH in your MetaMask wallet. In order to use delegation and staking, you must be on the Ethereum Mainnet network.

At this point, you’ll need to connect your MetaMask wallet to Polygon. Some users find installing a browser plug-in to manage this aspect helpful. On Polygon, you will see a list of dApps that supports using MATIC for various purposes. The section you need to enter in this phase is the “Staking” one on Polygon’s website. 

The portal gives you a list of dApps you can use to stake your MATIC tokens. If you scroll down, you will see Stakin in this list, and you’ll need to click the “Delegate” button.

Choose how many tokens you want to stake and confirm the operation. 

Stakin.com – Key Takeaways

There are several reasons why staking cryptocurrency might be a good idea. Do your research beforehand, without diving in headfirst.Stakin.com is one of the most popular platforms in the staking market, as we explained in our guide.

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If you wish to learn more about Stakin, all you need to do is visits its website and blog.

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