Top 8 staking platforms in 2022

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Proof-of-stake (PoS) blockchains have recently gained popularity for various reasons. And, one of the less-discussed advantages of adopting PoS-based blockchains is crypto-staking. 

Staking is the process of merely storing crypto-assets in a wallet for a specific period to collect rewards from them. Staking can be done on reputable exchanges or wallets defined by Proof-of-Stake (PoS) blockchains.

When users stake their digital assets, they lock up the tokens to contribute to the blockchain’s functioning and maintain its security. In exchange, users receive incentives estimated in percentage yields. 

Crypto-staking has contributed to the widespread adoption of DeFi, with over $82 billion in total value locked (TVL) and numerous new investors entering the sub-sector. In light of the vast market demand, here are some of the best staking platforms for 2022 –

Source: Binance

Binance is the biggest cryptocurrency exchange in terms of daily trading volume. The Secure Asset Fund for Users (SAFU) offered by the platform protects user assets and 10% of all trading fees on the crypto-exchange are allocated as insurance coverage in the case of a major hack or theft.

This trading platform can support up to 100 distinct staking currencies like Audius (AUDIO), Avalanche (AVAX), Binance Coin (BNB), Cosmos, Livepeer (LPT), Solana, The Graph (GRT), etc., covering a wide range of projects and APYs. In addition, Binance offers a variety of alternatives depending on how long users want to lock up their tokens. This often spans a time frame of 10, 30, 60, or