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Layer 1 blockchain Aptos has introduced a feature that aims to make staking on its network more accessible, according to a Thursday blog post.
The new offering, delegated staking, allows users to earn staking rewards without running nodes themselves. It also lowers the amount of the blockchain’s native token, aptos ($APT), needed to participate in staking. Now users will only need 11 $APT, worth roughly $117 at publication time, to stake their tokens with the blockchain.
“Delegated staking ensures that token holders continue to hold ownership of their $APT in their own wallets, and do not have to resort to off-chain methods of funds aggregation,” the blog reads.
With delegated staking, users can enlist the help of a trusted validator to stake for them. In this way, token holders profit from locking up their crypto for predetermined periods of time without needing to obtain special hardware or pay a fee to run code to verify blockchain transactions.
Participants can stake $APT directly in the Aptos Explorer or choose from staking interfaces created by the blockchain’s partners, such as Pontem Network and Nodes Guru.
$APT is trading at $10.65, down 2% from its price 24 hours ago, according to CoinGeck data.
Read More: Aptos Jumps 8% Ahead of $50M Token Unlock
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