Algorand can. Staking Incentives Are Coming
Algorand will announce full details of their new staking incentive program. By delegating or staking to a node with 30,000 ALGO, you'll have a chance to earn incentivized block rewards. Here’s a quick breakdown of the three main staking methods expected at launch:
1). DIY Staking – Run Your Own Node Running an Algorand node doesn’t require a high-end setup; in fact, it can even be done on a Raspberry Pi! This option is perfect for tech-savvy users looking to handle staking independently.
2). Delegated Staking – Stake with Someone You Trust While delegation doesn’t expose your ALGO to risk, it’s crucial to choose a reliable node operator who will maintain optimal performance to maximize your APY.
3). Staking-as-a-Service – Let Dapps Do the Work Several key dapps on the Algorand network are introducing mining and staking smart contract services. Look for Folkd Finance, Tinyman, and Mesina to roll out liquid staking solutions, while NFD and others will offer locked smart contract options.
👉 Full announcement here: https://algorand.co/staking-rewards
👉 How to set up your own node: https://developer.algorand.org/docs/run-a-node/setup/install/
submitted by /u/Adventurous-Ad-101
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