Current Staking Yields (9/3/2019)
What’s New on Staking
Staking Rewards Published Blockchain Infrastructure Thesis
The thesis elaborates the importance of financial and technological infrastructure in the blockchain space and explains the roles of supply-side infrastructure providers.
It concludes, “PoS, as well as Staking-as-a-Service market, is growing very fast, both in terms of its market cap and the number of protocols in both public and permission settings. This means the importance of professional infrastructure provision will only grow, especially once we start seeing some major slashings.”
Read the full version at https://blog.stakingrewards.com/blockchain-infrastructure-thesis/
InfStones Partnered with Wanchain, to Provide Galaxy Consensus with Entrusted Staking Services
On August 19, InfSones and Wanchain entered into a partnership with the Galaxy Consensus Node Program. InfStones will become the verification node for Wanchain PoS and provide users with entrusted staking services of WAN tokens.
The two parties will explore their respective advantages and establish long-term and deeper cooperation in the construction of PoS node ecosystem, including community building, derivative staking services, cross-node services, and popularization of PoS education, etc. This cooperation will enrich the ecosystem applications of both parties and achieve mutual benefits.
InfStones is now ranked the 7th amongst all the Wanchain validators.
ICON has officially announced the start of the P-Rep Pre-Voting eventwhich will last 30 days from Aug. 24th, allowing ICONists and P-Rep candidates to experience and understand the staking and voting processes.
This article is a step-by-step guide on ICON P-Rep voting which takes InfStones as an example.
Do you know that you may not able to make ends meet if you vote unwisely?
This article aims to remind ICONists of the risks of losing principal investment due to the Penalty System and help them carefully select reliable P-Reps to earn more rewards.
Crypto staking will always remain one of the most effective and easiest ways of making money through blockchain since the trend of trading is gradually experiencing some setbacks due to the current volatility of the market.
Click here to read the full article.
PoS Webinar Series
PoS Forum #4 — Staking and the Mining Ecosystem
Alina, Head of OKEx Mining Pool joined the discussion with Sili Zhao, Head of Business at InfStones at the latest PoS Forum, the webinar series hosted by InfStones, on August 28th.
The speakers discussed the future of staking economy and the mining ecosystem: Cryptocurrency exchanges are the traffic hubs of the blockchain industry; exchanges have a natural advantage as a node service provider because of their user base and the deposit capacity advantages; the exchanges’ participation in staking is expected to raise the awareness of staking economy.
For the full transcript of the webinar (in Chinese), please click here.
Please scan the above QR code using Wechat to get notified for future PoS Forum webinars.
Community and Events
InfStones Joined Panel at Bytom Global DevCon
On August 24, at the Bytom Global DevCon, Sili Zhao, head of InfStones business, participated in a panel discussion titled “Value Creation in Digital Assets Industry”.
Zhao said that many people’s understanding of blockchain is limited to banking application and cryptocurrency, while professionals in the blockchain industry should explore more on the implementation of blockchain in other fields. Right now, the industry is still at a very early stage, it is impossible to judge the success or failure of a certain segment.
Zhao added, “InfStones adds value to the PoS blockchain ecosystem and its participants in ways more than just producing blocks and distributing rewards. Our goal is to effectively use the resources of the team in each ecosystem to enhance communication and exchange between communities, to assist the implementation of technology and application in various industries, and to promote the intrinsic value of blockchain technology.”
Staking FAQs — Risks and precautions associated with Staking
As staking has become a new trend in the crypto industry, it’s important to mention the risks associated with cryptocurrency staking.
1. Slashing risk
When your validators break the rule, they will get punished by the network, which is also known as slashing.
Slashing can happen in several cases, such as when liveness fault, security fault, or governance fault happens.
2. Risk caused by unstable node operation
The ledger nodes involved in the operation have higher requirements for equipment operation and maintenance. They must be kept online 24/7 to handle emergencies.
If the node’s own technical level is not enough, it is prone to block loss and double signing and will be subject to the Slashing penalty from the project side. Some penalize the nodes, some penalize the users and affect the reward of the stakers.
3. Risks associated with the token price and related project
Staking coins in a bound wallet has one drawback: The risk of weakened liquidity. POS projects basically have a lock-up period ranging from 20 days to a few months. Even if you redeem the tokens, you will not be able to trade during the lock-up period, and you may face big fluctuations in the token price. If you are unable to participate in the transaction in time, you will incur opportunity costs.
This may not be a problem when the value of the token rises, but it can lead to losses when the price falls. The amount earned through pledge may not be sufficient to cover the price devaluation during the bear market.
On the other hand, staking is more suitable for long-term HODLers. If you are a frequent trader, the longer lock-up period is not suitable for you. At the end of the day, whether you choose staking or not solely depends on your own investment style.
InfStones is built by senior cloud service and blockchain teams in Silicon Valley, USA. It has super nodes elected in well-known DPoS public chains including EOS, TRON, VeChain, Ontology, Elastos, IoTeX, Loom, GXChain, Bytom, etc., and mining nodes deployed in well-known PoS public chains including IRISnet, Cosmos, Tezos, Algorand, IOST, etc.
According to Staking Reward’s ranking of Digital Asset Staking Services, InfStones ranks the 3rd in the world. It is the super PoS mining pool that covers the vast majority of PoS mainstream public chains.
If you have any question or suggestion, please feel free to contact us at firstname.lastname@example.org.