Avalanche Staking Option Available for Token Holders

Avalanche (AVAX) staking is now available through the Avalanche Wallet, allowing token holders to participate in primary network staking.

Staking is the process of actively participating in securing and maintaining a blockchain network by committing a certain amount of crypto tokens to the network. In return, stakers can earn rewards in the form of additional tokens.

Avalanche staking is a bit different from staking on other blockchains, as Avalanche operates with a unique consensus mechanism called the Avalanche consensus protocol. This protocol is designed to be more secure, scalable, and energy-efficient than traditional proof-of-work consensus mechanisms.

Avalanche token holders can participate in staking as either Validators or Delegators.

Validators

Validators are responsible for validating transactions and adding new blocks to the blockchain. To become a Validator, you must have at least 2,000 AVAX tokens staked. Validators can earn rewards in the form of transaction fees and staking rewards.

Delegators

Delegators can stake their AVAX tokens to Validators to support the network. Delegators can earn rewards in the form of staking rewards only.

Several wallets support staking on the Avalanche network, including MetaMask, Trust Wallet, and the Avalanche Wallet. You can view the current AVAX staking APR here and use the AVAX Staking Calculator to estimate your rewards.