Posted 6 months ago | by @devadmin
Grow your assets with full control of your crypto
Crypto.com is excited to announce the launch of Cosmos Staking on DeFi Earn. DeFi Wallet users can now stake and earn ATOM tokens with an estimated return of 6 to 10% p.a. without any prior delegated proof-of-stake (DPoS) knowledge (requires DeFi Wallet V1.6.0 or above).
Cosmos is a decentralized network enabling interoperability between independent blockchains. It allows users to stake and earn ATOM tokens through the DPoS consensus protocol, where they can delegate their ATOM tokens to a trusted validator. Validators run nodes to verify on-chain transactions and earn block rewards in return, which are then distributed to delegators after taking a validator fee.
Robust infrastructure, security, and trustworthiness are all important aspects to consider when choosing the right validator. For the beta launch, we handpicked our Crypto.com Chain Validator node infrastructure partner, Bison Trails, as the primary validator for Cosmos Staking.
Users can now stake ATOM on DeFi Earn via the Bison Trail validator node. Our native in-app integration makes it easy for users to:
- Stake and earn at ~ 6-10% p.a.
- Restake their rewards to compound their interest
Visit our FAQ for more details.
Please note that the Cosmos Network requires a 21-day unbonding period if you unstake. During this period, your tokens cannot be used or moved, and will not accrue interest.
Maximize your ATOM HODLing with us. Stake ATOM and start earning now.
Original article published on Crypto.com’s blog.