How to stake cryptocurrencies in 2022, explained

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DPoS is a version of PoS where participants can pool tokens in a staking pool to determine a block validator.

In 2013, Daniel Larimer developed an evolution of PoS in which validators are joined by a new group, the delegates. In the resulting Delegated Proof of Stake (DPoS), delegates exist as representatives from the community, as indicated by those holding tokens. These ones can then vote on which validator could create a new block and become entitled to a reward paid through transaction fees. Delegates would also be required to authorize the network rules and maintain the blockchain’s stability, a position that any network member could hold, although only for a short time.

Any user engaged in the staking process and eligible to become a delegate is referred to as a “witness,” the name stemming from their ability to witness transactions and act as nodes in the network. That said, unlike delegates, a witness does not have the opportunity to set the basic network rules. Both witnesses and delegates are voted on through a reputation model.

Tokens in DPoS-based blockchains are divided into tokens available (those in circulation) and those held in the stakes. Each user independently determines their stake amount, and, once selected, the stake may not be spent. These coins can only be used to become a witness, vote for delegates, and participate in network management via smart contracts. The concept is currently applied in projects including Tron (TRX) and EOS.

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bitcoin
Bitcoin (BTC) $ 112,010.01
ethereum
Ethereum (ETH) $ 4,594.88
xrp
XRP (XRP) $ 3.02
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 864.04
solana
Solana (SOL) $ 209.28
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,588.11
dogecoin
Dogecoin (DOGE) $ 0.221457
tron
TRON (TRX) $ 0.349217
cardano
Cardano (ADA) $ 0.870821
wrapped-steth
Wrapped stETH (WSTETH) $ 5,570.88
chainlink
Chainlink (LINK) $ 24.38
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,952.40
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 112,306.09
hyperliquid
Hyperliquid (HYPE) $ 50.06
wrapped-eeth
Wrapped eETH (WEETH) $ 4,931.46
sui
Sui (SUI) $ 3.49
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.384764
bitcoin-cash
Bitcoin Cash (BCH) $ 556.59
avalanche-2
Avalanche (AVAX) $ 24.98
weth
WETH (WETH) $ 4,611.25
hedera-hashgraph
Hedera (HBAR) $ 0.241680
leo-token
LEO Token (LEO) $ 9.53
litecoin
Litecoin (LTC) $ 113.61
crypto-com-chain
Cronos (CRO) $ 0.252511
the-open-network
Toncoin (TON) $ 3.19
usds
USDS (USDS) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000013
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 43.48
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 112,223.07
uniswap
Uniswap (UNI) $ 10.04
polkadot
Polkadot (DOT) $ 3.89
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.19
bitget-token
Bitget Token (BGB) $ 4.65
monero
Monero (XMR) $ 270.51
aave
Aave (AAVE) $ 325.53
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000010
ethena
Ethena (ENA) $ 0.620105
mantle
Mantle (MNT) $ 1.20
okb
OKB (OKB) $ 173.59
ethereum-classic
Ethereum Classic (ETC) $ 21.95
bittensor
Bittensor (TAO) $ 337.34
near
NEAR Protocol (NEAR) $ 2.55
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 255.94
aptos
Aptos (APT) $ 4.42
ondo-finance
Ondo (ONDO) $ 0.946389
bitcoin
Bitcoin (BTC) $ 112,010.01
ethereum
Ethereum (ETH) $ 4,594.88
xrp
XRP (XRP) $ 3.02
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 864.04
solana
Solana (SOL) $ 209.28
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,588.11
dogecoin
Dogecoin (DOGE) $ 0.221457
tron
TRON (TRX) $ 0.349217
cardano
Cardano (ADA) $ 0.870821
wrapped-steth
Wrapped stETH (WSTETH) $ 5,570.88
chainlink
Chainlink (LINK) $ 24.38
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,952.40
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 112,306.09
hyperliquid
Hyperliquid (HYPE) $ 50.06
wrapped-eeth
Wrapped eETH (WEETH) $ 4,931.46
sui
Sui (SUI) $ 3.49
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.384764
bitcoin-cash
Bitcoin Cash (BCH) $ 556.59
avalanche-2
Avalanche (AVAX) $ 24.98
weth
WETH (WETH) $ 4,611.25
hedera-hashgraph
Hedera (HBAR) $ 0.241680
leo-token
LEO Token (LEO) $ 9.53
litecoin
Litecoin (LTC) $ 113.61
crypto-com-chain
Cronos (CRO) $ 0.252511
the-open-network
Toncoin (TON) $ 3.19
usds
USDS (USDS) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000013
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 43.48
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 112,223.07
uniswap
Uniswap (UNI) $ 10.04
polkadot
Polkadot (DOT) $ 3.89
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.19
bitget-token
Bitget Token (BGB) $ 4.65
monero
Monero (XMR) $ 270.51
aave
Aave (AAVE) $ 325.53
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000010
ethena
Ethena (ENA) $ 0.620105
mantle
Mantle (MNT) $ 1.20
okb
OKB (OKB) $ 173.59
ethereum-classic
Ethereum Classic (ETC) $ 21.95
bittensor
Bittensor (TAO) $ 337.34
near
NEAR Protocol (NEAR) $ 2.55
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 255.94
aptos
Aptos (APT) $ 4.42
ondo-finance
Ondo (ONDO) $ 0.946389
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