Staking Aptos (APT) presents a powerful opportunity to fortify the security of the Aptos blockchain while earning rewards for your valuable contribution. This guide will show you how to stack Aptos with validators to make impressive returns.
Staking with validators is one of the best ways to keep your crypto safe and within your own custody compared to staking with an exchange chain or other platforms where you may not have complete control of your crypto.
What is Aptos Staking?
Aptos staking is the process of holding and locking up a number of APT tokens (the native cryptocurrency of the Aptos network) over a period of time. The goal of staking is to participate in the network Proof-of-Stake consensus mechanism, help secure the network, and earn rewards.
Staking APT tokens helps the Aptos network's consensus mechanism and help secure the network while earning rewards through additional APT tokens. These rewards are distributed to validators in proportion to the amount of APT they have staked and the length of time they have been staking.
A delegator is a token holder who delegates cryptocurrencies to a validator or a staking pool on a Proof-of-Stake (PoS) blockchain.
When you delegate stake to a validator, you specify:
- The ID of the node you're delegating to.
- When you want to start/stop delegating stake (must be while the validator is validating).
- How many APT you are staking.
- The address to send any rewards to.
Aptos Staking Requirements
- The minimum amount that a validator must stake is 1M APT.
- The minimum amount that a delegator must delegate is 11 APT.
- There is no minimum staking period for validation. But it's noteworthy that the staked pool will be locked for a specific period of time set by Aptos governance.
- As lockup duration is set by Aptos governance, there is no maximum staking duration for validation.
- The minimum delegation fee rate varies based on each validator.
Aptos staking rewards are divergent based on your choice of a validator. The annual percentage rate (APR) paid in return for staking APT to a validator is up to 7%.
How to Stake Aptos Validator: Step-by-Step Guide
The below guide will provide details on the staking process, delegating staked tokens & how to get node id for APT holders.
Step 1: Get Aptos support wallet
Connect with your wallet account to stake APT. You can check available wallets on Aptos staking page and select one that fits your requirements. In this guide, we use the official Aptos wallet - Petra wallet.
Navigate Aptos Explorer and connect Petra wallet.
Step 2: Buy APT
You will need to purchase APT. You can buy APT on various cryptocurrency exchanges such as Binance, Bitfinex, or Kraken. Use our guide on how to buy Aptos APT on the Binance exchange to get started.
Step 3: Choose Aptos Validator
In the "Validators" section, you have the freedom to explore and choose from a variety of validators to conduct your APT staking.
Step 4: Delegate APT
Once you choose your validator. Click on the account, you will be directed to the following page.
Select "Stake" to continue.
Specify your staking amount. Note: the minimum staking amount is 11 APT
Delegate Your AVAX
Pay attention to the end time of the selected validator. The delegation period cannot be set to end past the end date that the validator has set.
According to Aptos staking page, lockup period will be automatically renewed upon expiration date.
Earn Staking Rewards
Once your delegation is confirmed, you will earn staking rewards. The rewards are paid out in APT and are based on the amount of APT you have delegated and the length of time you have been staking.
Learn more about Aptos staking rewards here.
Step 5: Unstaking APT
Unstaking Your APT If you decide to unstake your APT, you will need to go through a similar process to delegating your APT. You will need to select the validator and then unstake your tokens. It is important to note that there is a cooldown period after unstaking, during which you cannot withdraw your APT.
Best Aptos Validators for Staking
Unsure how to choose the right validator for staking your tokens? Check out our guide on the top validators for staking Aptos tokens based on their staking rewards, node uptime, and the amount of Aptos tokens available to stake.
Our staking validator guides are released on a monthly basis to reflect the changing dynamic nature of validator nodes and to provide the best up-to-date validating node info.
Start staking your avalanche tokens today!