Crypto Market Cap$1,027,609,726,710-2.67%
Staking Market Cap$236,777,607,197-0.63%
Locked in Staking$43,028,017,009-4.14%
Proof of Stake Dominance63.49%0.05%
Average Reward Rate20.58%2.64%
Average Total Staked18.17%-3.53%
Crypto Market Cap$1,027,609,726,710-2.67%
Staking Market Cap$236,777,607,197-0.63%
Locked in Staking$43,028,017,009-4.14%
Proof of Stake Dominance63.49%0.05%
Average Reward Rate20.58%2.64%
Average Total Staked18.17%-3.53%

      What happened in the Staking Space from 8th December to 15th December?

      We are glad to present you the 12th Staking Rewards Report. Here we will provide a weekly update on all things Staking. A general overview of the market highlighted research in the space, news on all launched staking networks, updates on upcoming Staking networks, the latest developments from Staking infrastructure providers, and a handful of Staking-Related events. 

      Citadel.One is the sponsor of the Staking Rewards Report.

      Citadel is a multi-asset non-custodial platform to manage and store crypto assets. Stake multiple tokens all within a single interface and seed phrase.

      Staking Rewards Report TL/DR

      • LUNA Stakers can claim $MIR airdrop
      • Ethereum over 1.5M ETH being staked
      • Lido raised $2M in funding

      …And many more!


      Staking Market Overview


      Staking Research

      Analyzing Staking Participation on the SKALE Network by Felix Lutsch

      It’s been over 2 months since the decentralization of the SKALE Network (Thу Mainnet phase 2) began. With an unique approach of requiring participating investors to stake a minimum of 50% of their tokens for a period of at least 2 months ( Proof-of-Use), the SKALE team focused on attracting long-term supporters of the project, as opposed to speculators looking for a quick flip. In this post, Felix takes a look at a snapshot of the on-chain data that shines light on how SKL holders are engaging with the network now that the Proof-of-Use period has come to an end.

      Staking Economy ETH2 Beacon Chain Launch Event

      The long-anticipated launch of Ethereum 2.0 happened Dec 1. While this marks a historic point in the crypto industry and gives reason to celebrate, it also bears a lot of questions for every ETH holder, the validator community, and people watching from the sidelines. This is a recording of the ETH2-focused Proof-of-Stake Beacon Chain launch event organized by the Staking Economy team:

      The Rise of the Activist Validator by Chris Remus

      This is Part 1 of a two part series titled “The Rise of the Activist Validator”. Part 1 describes the current situation as author sees it. It explains why he sees a need for activist validators. Part 2 will describe why he feels the current situation could prevent staking networks from maximizing their longevity and value creation.

      10.7% of validator deposits are from Kraken – Justin Drake tweeted

      “Coinbase and Bitfinex have 5.8x more ETH than Kraken. Two exchanges could control 1/3 of the validators. Five exchanges could control 1/2 of the validators. Stake from home to avoid exchange fees and decentralise”

      Polkadot Decoded Conference Recordings

      This event featured a full program of talks on all aspects of Polkadot by the teams who built the network’s core technology, as well as those building ecosystem parachains, applications, and cross-network bridges.

      Opportunities that Elrond opens up for DeFi

      Elrond has developed a scalable, fast and secure blockchain platform for decentralized applications with smart contracts. The team recently announced a collaboration with ZeroSwap, a multi-chain protocol and Dex liquidity aggregator. ZeroSwap integrates its solution with the Elrond blockchain to provide zero-fee transactions for DeFi products. In addition, this collaboration will provide eGLD token holders with access to a wide range of DeFi products. And in this article they talk about the opportunities that Elrond opens up for the DeFi ecosystem.

      Our Network: Issue #50 – Cosmos

      Get acquainted with an interesting set of thoughts of validator voting power distribution and its implications by Chjango, On-Chain Researcher for Cosmos. 

      “With the majority of new accounts being created on exchanges, which, by the way, offer staking directly on their exchanges, those CEXs have become the largest validators in the Cosmos Hub. Binance is now the #1 validator on the Cosmos Hub by stake-weighted voting power. Binance itself puts up 0% of that voting power with its own ATOMs, which opens up misaligned incentives for Cosmos Hub. When a validator puts none of its own ATOM at stake, in theory, it has no skin in the game. Which means that if Binance Staking validator ever gets slashed, then the entire cost of the penalty is incurred by its stakers, not by Binance. So we’re seeing a small but existential crisis unfolding now which has implications for all PoS networks. PoS networks rely on properly incentivized validators (i.e. consensus nodes) to do their parts in progressing the chain or performing software upgrades, with the emergence of exchange-operated validators, who have shown to be “lazy stakers”, these exchanges aren’t actually participating in testnets or possibly even chain upgrades altogether. We observed this over the Stargate testnet, which is the IBC testnet that’s being used to battle-test IBC before being launched into production.”

      Learn more about Cosmos Staking here


      Live Networks Updates

      The Secret Ethereum Bridge is LIVE on Mainnet

      This immediately allows holders of ETH and certain ERC-20 assets to create “secret” versions of their assets as Secret Tokens and transact with them privately. Secret Tokens are powerful – they’re programmable like ERC-20s, but private by default like Monero and similar coins.

      Learn more about Secret Network on Staking Rewards

      The ecosystem map of Secret Network – the first blockchain with permissionless privacy-preserving smart contracts

      Cosmos proposals 31 & 32 have passed

      This proposal 31 introduces an upgrade to the Cosmos Hub governance module that would allow a staker to optionally split their votes into several voting options. For example, a single address could use 70% of its voting power to vote Yes and 30% of its voting power to vote No. Sikka is requesting 1776 ATOMs from the community pool to architect and to implement the Governance Split Votes feature proposed in Cosmos Hub Proposal #31. Learn more about the proposal via the link.

      Announcing The Solana SOLAR Bridge

      Bering Waters, a leading OTC, venture, and technology group based in Hong Kong, announced the “SOLAR Bridge,” a first-of-its-kind bridge linking Solana and Arweave. The bridge is now live and was entirely designed, built, and funded as part of Bering Waters commitment to the Solana and Arweave ecosystems. This bridge is a significant development in Solana’s continued growth, making it the first blockchain to move and store its transaction history on a dedicated storage network.

      Kyber Reserve Innovation Program: New Liquidity Models For DeFi

      This post explains Kyber Network’s flexible reserve system and share how DeFi developers can create new reserve models to be deployed on the network to provide liquidity for a wide range of unique use cases. In order to enhance liquidity and capture greater value, it is imperative that the DeFi space is able to create new liquidity systems catered to different needs, and there is huge potential for Kyber to be the cradle for liquidity innovation.

      Track the current Kyber Staking Rate here

      Initial Litigation Offerings to Bring $10B Asset Class to Avalanche and Retail Investors for the First Time

      Ava Labs, Roche Cyrulnik Freedman LLP, and Republic Advisory Services are bringing the $10B asset class of litigation financing to the Avalanche blockchain through the creation of a first of its kind token, the Initial Litigation Offering (“ILO”), a blockchain-enabled litigation financing product open to all investors.

      Learn more about Avalanche here

      Earning and Claiming MIR as a LUNA Staker on Mirror Protocol

      Mirror Protocol is an exciting new DeFi platform powered by the Terra network that allows for the creation and trading of synthetic assets. On December 3rd, the Mirror Protocol team announced a fair launch that distributed MIR (Mirror Protocol governance token) to UNI token holders and LUNA stakers. Based on the current distribution model, LUNA stakers will continue to earn MIR overtime for the next year, and have the opportunity to earn additional MIR by participating in MIR LP staking pools on the Mirror Protocol platform. Learn more by reading below.

      Learn more about LUNA staking here


      Upcoming Networks Updates

      Aleph.im Staking Go-Live: Stakers Tokenomics

      The value of the daily staking reward pool evolves according to the number of core channel nodes running and  time since launch. The central idea behind the tokenomics design: incentivized to stake on nodes trying to become core channel nodes while keeping the existing core channel nodes in the network. This way the maximum amount of nodes possible will be reached according to the total number of staked tokens.

      Announcing the Marlin Larvanet

      Marlin is a layer-0 protocol focussed on network-layer performance, security and robustness. Amongst its several applications, it speeds up block propagation to enable higher throughput. The Larvanet, expected to begin within a month, will mark the transition to a more accountable network with nodes required to stake MPOND. Staking rewards in the range of 10-15% have been earmarked for the same. Validators may refer to this link to begin early preparations to accept external delegations.

      Announcing FlowMint: A cross-chain stakedrop for platform tokens

      Marlin nodes require Marlin tokens to be staked to join the network and propagate blocks of different chains. FlowMint is a mechanism by which users with ATOM, DOT, IRIS, MATIC, NEAR etc can participate in the Marlin network and acquire Marlin tokens.20% of the genesis supply of Marlin token MPOND will be distributed to different blockchain communities over the next 24 months via FlowMint. FlowMint begins on December 15, 2020.


      Staking Providers Updates

      How to Stake ICON (ICX) with Citadel.One and Ledger Nano by Stakin 

      This guide highlights extended staking functionality of Citadel.one for ICON.

      How to Deploy ThorChain BEPSwap on Akash DeCloud by Edouard Lavidalle of Stakin

      DeCloud is a blockchain-based alternative to traditional cloud providers which brings several advantages and competitive pricing. In this article, you will see how to deploy ThorChain BEPSwap web UI using Akash. Many more Dapps can be easily deployed on Akash, as you can see in the Awesome Akash repo.

      Eth2 staking protocol Lido raises $2 million in new funding

      Lido said the round was backed by Semantic Ventures, ParaFi Capital, Terra, KR1, Stakefish, and Staking Facilities, among others. Angel investors, including Rune Christensen of MakerDAO, Stani Kulechov of Aave, and Kain Warwick of Synthetix, also participated in the round.

      See Eth2 staking service providers list by stake.fish to learn more about other eth2 staking options.

      Frontier now supports Solana Blockchain

      Frontier is announced Native Support for Solana Blockchain on Mobile Interface. Check the guide via the link to learn more about the required steps for creating a Non-Custodial & decentralised wallet.

      No-brainer staking experience for Polkadot with YieldScan

      YieldScan is a platform which aims to simplify portfolio management to make yield optimization easier and more accessible on networks like Kusama and Polkadot while allowing the users to maintain complete control over their funds.


      Upcoming Staking Events


      Staking Rewards Updates

      Improvements to the Portfolio Feature

      You can now easily search and select providers for each asset in your portfolio.

      Signup and create your passive income portfolio now

      Further Data Additions to the website

      About The Authors

      Rina Spasenkova

      is the CMO, and blockchain analyst at Citadel.one. Being in crypto since the age of 17, she mainly focused on the topics related to PoS systems of passive yield, smart contracts, and social construction of cryptocurrency

      Mirko Schmiedl

      is the Co-Founder, CEO and Product Lead at Staking Rewards. He is researching Proof of Stake Networks and yield-bearing assets since 2013. Prior to Staking Rewards he has led a Bitcoin Mining Operation in Southeast Asia.