Staking is a good way to get passive income. Want to stake Cosmos but don't know how? Check out our list of Top 10 Cosmos Validators in May 2023.
Cosmos Staking & Validator
Staking Cosmos (ATOM) involves holding and locking up ATOM tokens in order to help secure the Cosmos network and validate transactions. By participating in staking, users can earn rewards in ATOM tokens.
The rewards earned are proportional to the number of ATOM tokens staked, and the more tokens you stake, the greater your chances of being chosen as a validator and earning rewards.
How to Select Validator to Stake Cosmos?
- Initial commission: Initial commission is the rate a validator charges the delegator.
- Maximum commission: This represents the highest possible commission rate the validator can charge. Validators can change their commission rate over time, so it is important to select a validator with a fair commission rate who isn't likely to raise their fees too high.
- Voting power: Validators with higher voting power likely gain trust from the community.
- Staked: The total amount of tokens staked with a particular validator. When selecting a validator, it's important to balance staked amount with other factors, such as commission rates and voting power.
Warning: Cosmos Validators selected in this post are only relevant for the time of writing as the state of validators can change at any point in time. The below-selected validators are based on personal opinion factors, and you should always do your due diligence.
Top 10 Cosmos Validators
The Cosmos validators are chosen based on voting power, initial commission & the amount of delegated ATOM tokens. Delegators can earn up to 20% APY minus the validators' fees.
Based on the previous factors, here are the top 10 Cosmos validators for May 2023.
Looking for another way to generate passive income? Staking on centralized platforms is the easiest. Check out our list of best staking platforms for Cosmos.
Is Cosmos Worth Staking?
According to Cosmos Hub's roadmap, its key focus for 2023 is the network's security upgrade to Consumer Chain - Replicated Security, which was originally known as Interchain Security. The shared security model offers an additional stream of profits from the consumer chain, in addition to traditional staking rewards.
Simply put, a great opportunity for ATOM delegators. But like other tokens, whether staking Cosmos is worthwhile depends on each holder's investment goals and risk tolerance.
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