What is Staking?
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Protocol staking is a process in which users can earn rewards by holding and “staking” their tokens in a blockchain network. Staking helps decentralize and maintain the health of the network. Staking provides a steady stream of rewards, independent of underlying token prices.
Offering unique benefits when compared to investment product alternatives such as lending, buy-and-hold, and other methods, staking allows token holders to have the opportunity to grow their position without buying additional tokens.
Why Stake?
- Staking is not an investment product. Rather, it enables token holders to earn rewards by delegating their tokens in order to validate transactions on the underlying blockchain, which helps ensure the security and integrity of the network.
Staking offers unique benefits when compared to alternatives such as lending, buy-and-hold, and others. Token holders have the opportunity to grow their position without buying additional tokens.
Who is Staking for?
Staking with Blumstak
- Experience the best point-and-click staking interface for ETH. Stake, unbond, and claim rewards with Blumstak.
- Collect more rewards with >99% average participation rate and no slashing events
- Comprehensive rewards reporting for multiple addresses and protocols
- Restake your ETH through Egienlayer and Delegate to an EigenLayer operator all within the Blumstak app.