Staking Rewards Platform Publishes Blueprint For ORBS Staking

Crypto staking data aggregator StakingRewards has published a dedicated guide for those seeking to stake ORBS, the native token of the eponymous Layer3 public blockchain. 

The asset is now listed on the platform’s website alongside other tokens from popular Proof-of-Stake (PoS) chains, such as ETH, SOL, ADA, AVAX and BNB.

One-Stop Shop for Would-Be ORBS Stakers

Among other metrics, StakingRewards’ new Orbs page shows trading volume trends, daily volume, net staking flow, staking market cap, and the percentage of tokens and wallets staked. Users can also track the performance of ORBS over time, including the number of staked tokens and the price of the underlying asset itself.

Perhaps most useful to would-be ORBS stakers is the section that allows for the calculation of ORBS staking rewards. All users need to do is select their provider from a drop-down list and enter the amount they are staking (denominated in USD or ORBS). Thereafter, they will be able to view their one-day, seven-day, one-month, and one-year rewards figures. Both compounded and non-compounded earnings are displayed on a graph.

Currently, the Orbs page on StakingRewards lists 34 staking providers and validators, with 34.4% of network control held by NEOWIZ. Users can survey this section of the guide to view the reward rate, fee, number of stakers and number of staked tokens associated with each option, the better to make an informed call. 

Further down the page, there is information for those considering running their own validator to support the Orbs network, as well as an FAQ about staking and links to the Orbs’ website, whitepaper and Github. Both previous ORBS stakers and token-holders who have yet to participate in staking can benefit from the wealth of data on display.

Staking Rewards is designed to furnish stakers with all the information they need to make a strategic decision on which token to lock up, which platform to use, and the optimal timeframe for doing so. A kind of CoinMarketCap for the $170 billion staking industry, the portal currently tracks over 160 yield-bearing assets as well as some 17,000+ staking providers. 

Why Stake?

Staking is a popular activity in the crypto space, giving users the ability to earn rewards in exchange for contributing to the integrity and security of a network. According to its recently-published State of Staking report for Q4, Staked.us puts the value of annualized staking rewards at $4.1 billion, while the PoS share of crypto’s total market cap is some 22%.

Although generally centered on Ethereum and other EVM chains, Bitcoin-focused project Babylon recently raised $18 million to offer BTC as a staking asset. The proposition means that PoS chains like Ethereum and Orbs will be able to acquire funding from the vast capital stored in Bitcoin, which of course relies on an entirely different consensus mechanism, Proof-of-Work (PoW).