Discovering the right validators to stake Fantom can be overwhelming, but we've got you covered! Here is our list of the top 10 Fantom validators for May 2023.
Designed to provide fast, scalable, and secure decentralized applications (dApps) and smart contracts, Fantom (FTM) aims to address the limitations of existing blockchain networks by introducing novel technologies.
One of Fantom's key features is its consensus protocol, Lachesis, based on aBFT (asynchronous Byzantine Fault Tolerance). Lachesis enables high throughput and low latency, allowing the Fantom network to process thousands of transactions per second.
Fantom utilizes a directed acyclic graph (DAG) structure called the Fantom OPERA Chain. This architecture enhances scalability by enabling concurrent processing of transactions, making it well-suited for applications that require fast and high-volume transactions.
Fantom Staking & Validators - Your Path to Passive Income
The native cryptocurrency of the Fantom network is called FTM. It serves as a utility token for paying for transactions and accessing network resources. FTM can be staked to participate in the network's consensus mechanism and earn rewards
Staking Fantom (FTM) involves holding and locking up FTM tokens to contribute to the security and validation of the Fantom network. In return, participants can earn passive income through rewards in FTM tokens. The more FTM tokens you stake, the higher your chances of becoming a validator and earning greater rewards.
To check Fantom validators, you can visit the Fantom Explorer website. It provides detailed information about the validators on the Fantom network, including their current status, staking information, and performance metrics.
Simply go to the Fantom Explorer website and navigate to the 'Validators' section to access the validator information.
How to Estimate Your FTM Rewards
When navigating the Fantom Explorer page, you can see 'Estimate your rewards' in the Staking section. Move the range slider to relevant parameters to calculate your Fantom staking rewards.
The Fantom staking calculator is also accessible on Fantom Foundation's official webpage.
How to Pick Validators to Stake Fantom?
When choosing a validator to stake your FTM tokens, there are several factors to consider:
- Downtime: The amount of time a validator is offline or not actively participating in the network's consensus process. Validators with low downtime are more reliable and trustworthy.
- Self-staked: The amount of FTM tokens staked by the validator. A node operator uses their own tokens to secure the network and participate in the consensus process. They have a direct stake in the network's security and are financially incentivized to act in the network's best interests.
- Delegated: The number of tokens delegated to a validator.
- Total staked: The cumulative amount of FTM tokens the validator and his/her delegators staked. This metric indicates the overall security and decentralization of the network.
- Lock days: The lock-up duration on Fantom can be up to 365 days. During lock-up, your FTM tokens cannot be freely transferred or used. Longer lock durations may offer higher rewards or other benefits but have the drawback of reduced flexibility in accessing your tokens.
Disclaimer: The validators mentioned in this article are based on personal opinions and may change over time. Conducting your own research and due diligence before making any decisions is essential.
Top 10 Fantom Validators - May 2023 Updated
Our selection of the top 10 Fantom validators for May 2023 is based on factors such as downtime, self-staked, total staked, delegations, and lock days. The current APR is up to 5.99% (up to 365 days of locking).
Here is our list of the top 10 Fantom validators for May 2023:
Looking for Alternative Staking Platforms?
If you're interested in exploring other avenues for generating passive income, consider staking on centralized platforms. We have compiled a list of the best staking platforms for Fantom that offer user-friendly experiences and additional benefits.
Is Fantom Worth Staking?
Staking Fantom offers several advantages, including a consistent and predictable source of passive income and the ability to have a voice in the network's governance decisions. However, whether Fantom is worth staking depends on your individual investment goals and risk tolerance.
To make your own decision, conduct thorough research on the potential rewards and risks, evaluate the current state and long-term viability of the Fantom network, and consider the reputation and credibility of the validators you choose. Keep in mind that cryptocurrency investments come with inherent risks and market volatility.
The decision to stake Fantom or any other cryptocurrency should be based on adequate consideration of your investment strategy, risk tolerance, and understanding of the market conditions.