Crypto Market Cap$573,123,593,239-2.55%
Staking Market Cap$113,605,701,353-3.46%
Locked in Staking$20,864,737,697-2.11%
Proof of Stake Dominance51.77%-0.05%
Average Reward Rate21.55%9.57%
Average Total Staked18.37%1.39%
Crypto Market Cap$573,123,593,239-2.55%
Staking Market Cap$113,605,701,353-3.46%
Locked in Staking$20,864,737,697-2.11%
Proof of Stake Dominance51.77%-0.05%
Average Reward Rate21.55%9.57%
Average Total Staked18.37%1.39%

      What happened in the Staking Space from 15th October to 25rd October?

      When Paypal Staking? After eToro as a big traditional brokerage platforms already launched their staking service earlier this year, it might just be a matter of time until you can stake your tokens on Paypal as well! Exciting times ahead and without further ado, we are glad to present you with the 5th 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. The news is being curated by Mirko Schmiedl, Co-Founder at Staking Rewards, and Rina Spasenkova, Marketing Lead at Citadel.One.

      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

      • The Filecoin Network is live
      • Staking Rewards on NEAR Mainnet
      • SecretSCRT – Privacy Tokens Introduced
      • Lido Finance ETH 2.0 Staking Derivatives
      • Staking Wizard Launch

      …And many more!


      Staking Market Overview

      Total Value Participating in Staking (7d change): 

      $14,426,781,840 (-3.42%)

      Top 7 Coins by Value participating in Staking (7d change):

      • Polkadot: $2,850,378,848 (+8.44%)
      • Cardano: $1,829,826,565 (-8.15%)
      • Tezos: $1,490,130,901 (-2.07%)
      • Algorand: $1,096,387,128 (-0.63%)
      • Cosmos: $1,024,161,585 (-4.37%)
      • Tron: $555,943,273 (+4.45%)
      • Band Protocol: $492,762,362 (-11.33%)

      Staking Research

      Proof of Stake for Blockchain-Based Distributed Intrusion Detecting System

      One of the most important components of each corporate network is an intrusion detection system. But it is a problem to find a mechanism for setting a trust between the nodes in a big distributed system. A blockchain can be used as such kind of mechanism, but most working blockchains use cases related to cryptocurrencies. So there is no suitable consensus protocol for a permissionless blockchain, which can be used as a part of IDS. In this paper authors propose a few modifications to proof of stake consensus protocol to adopt it for use with a blockchain based IDS. 

      An Introduction To Ethereum 2.0 by Stakin 

      It has been long-anticipated and we are still awaiting the launch of Ethereum 2.0 or ETH2. The long-planned upgrade to the Ethereum network, which is said to give it the scalability and security it needs to serve all of humanity. Read an overview of the “Ethereum hype”, differences and details. 

      SKALE Network: blockchain platform for creating high-performance dApps by Everstake

      Some decentralized platforms seek to create a flexible environment that allows creating and scaling applications based on the Ethereum blockchain. One of such platforms is covered in this article – authors touch upon what SKALE is and how it works.

      What is Near and how it makes developing blockchain applications simple and efficient by Everstake

      Development of decentralized blockchain applications (dApps) is usually a complex process that requires a long time and high costs. In addition, you have to spend a lot of effort to ensure reliable security of blockchain applications. But there are new platforms on the market that solve this problem, allowing you to quickly and easily create secure, productive dApps. Another blogpost by Everstake team highlights this kind of platform – read more on NEAR Protocol.


      Live Networks Updates

      The Filecoin Network is now LIVE

      The Filecoin network represents a new way to store and retrieve data peer-to-peer – secured by cryptographic proofs to verify data is uniquely stored and replicated over time. With Filecoin, anyone can participate as a storage provider, monetize their open hard drive space, and help store humanity’s most important information. 

      Staking Rewards are now enabled on NEAR

      NEAR Validators completed a major milestone: the upgrade to enable inflationary rewards. Now all NEAR token holders have the opportunity to earn Staking rewards from the network. Validators earn NEAR Token rewards for producing new blocks in the form of a static inflation rate of 4.5% each year. Token holders who are not interested in being a Validator themselves can stake to a Validator’s staking pool and earn a portion of token rewards too. 

      Learn more about NEAR on Staking Rewards

      SecretSCRT: Privacy Tokens are Live on Mainnet

      The team introduced a privacy-preserving, fungible Secret Token that is backed by SCRT, the native currency of Secret Network. “SecretSCRT” is the first implementation of the SNIP-20 standard. It allows you to deposit X amount of SCRT (which is not private by itself) and obtain X amount of secretSCRT, the wrapped privacy token.

      Learn more about Secret Network on Staking Rewards

      Secret Ethereum Bridge: Programmable Privacy for Ethereum and ERC-20s

      This is the most important update since Secret mainnet upgrade last month that made Secret Network the first and only public blockchain with full smart contract privacy on mainnet. What they’ve done is building of a simple way to create synthetic (wrapped) ETH and ERC-20 tokens on Secret Network that can be used with full privacy, at lower cost.

      Tezos Delphi Upgrade is now in a promotion period

      This proposal is brought to the Tezos community in order to Improve performance of the Michelson interpreter and the gas model to improve gas costs, reduce storage costs by a factor of 4, and fix various small bugs. 

      Announcing the ‘Big Bang’ Stargate Testnet

      Stargate, or Cosmos-SDK v0.40, introduces some of the most groundbreaking features the Cosmos ecosystem has seen so far. After months of collaboration, the release candidate for Stargate has finally been released for testing.

      ICF Update — October 20th

      Check out the highlights of some of the exciting activities that took place at the Interchain Foundation over the last two weeks, including 19 Cosmos GitHub Org Teams, Hackathon Underway, Chorus One, IBC & CosmWasm, Stargate, Big Bang & Cosmos SDK Release Candidate and more!

      StaFi DAO Enters Exploration Phase & Partners with Commonwealth and Edgeware

      StaFi team built tools that facilitate DAO governance for the community members. This marks the official entry of StaFi’s Treasury (Treasury Fund) governance in its exploration stage. In order to strike a balance between efficient development and community autonomy, they divide Treasury’s DAO governance into the two stages: 

      1. Stage 1: The DAO governance is headed by foundation governance (StaFi team), and complemented by the community.
      2. Phase 2: Treasury will be mainly governed by the community, with the assistance of the StaFi team.

      Wanchain 5.0 is coming

      1. Robust trustless & permissionless cross-chain bridges
      2. $wanWAN, $wanBTC, $wanEOS, & more soon on Ethereum
      3. Multi-chain asset trading on Wanswap on $WAN mainnet (with trustless native chain withdrawal)

      IDEX 2.0 is now live

      This upgrade of the DEX that shares trading fees with the stakers of their token, is more than just a new version. It is a complete Ethereum Scaling Solution under the hood.

      Yield Protocol is live on Ethereum

      Yield Protocol brings fixed-term, fixed-rate lending and interest rate markets to decentralized finance. Yield Protocol v1 enables fixed-rate borrowing and lending of Dai, using a new core DeFi primitive, fyDai (short for “fixed yield Dai,” with “fy” pronounced as in “fire”).

      The protocol is now live and fully functional on mainnet.

      Injective Integrates with Polkadot to Expand its Decentralized Cross-Chain Derivatives Trading

      As Ethereum and Polkadot are two of the giants in the layer-1 space today, the opportunities for  the cross-chain derivatives DEX are truly limitless. Thus, Injective integrates with Polkadot to expand Injective’s decentralized cross-chain trading capabilities – it’s made possible by Moonbeam, which provides an Ethereum-compatible smart contract platform powered by Polkadot that makes it easy to build natively interoperable applications.


      To-Be-Launched Networks’ Updates

      The Graph token sale is live

      After 3 years of grinding in the space laboratory, The Graph Network is in the final stages before launch! Only registered KYCed users can participate in the GRT Sale.

      Ethereum 2.0 deposit contract to launch this week: ConsenSys dev

      ConsenSys developer Ben Edgington has published an update that predicts the ETH 2.0 beacon chain genesis will happen within the next six to eight weeks. In a post announcing the launch of ‘V1.0.0 release candidate 0’, Edgington revealed the protocol’s deposit contract address feature should be announced this week. The deposit contract allows ETH to be sent between Ethereum and ETH 2.0, and is one of the few remaining updates needed to facilitate the roll-out of ETH 2.0 phase 0.

      Cosmos-Persistence StakeDrop Begins October 26th! $50,000 Worth of XPRT will be Allocated to ATOM Stakers

      Every ATOM staker will be eligible to earn up to 5,000 XPRT tokens, simply by staking on the Cosmos Network. 

      Kardiachain –  The value of staking

      In this report, Kardiachain CFO provides a thorough overview of a valuation framework in cryptocurrency staking contract that is built upon the Stock Option Theory. Through this report, crypto holders are provided with a thorough view of a tool to fairly compare between blockchain projects as well as their offering staking rates. 

      Mina Protocol developer O(1) Labs raises $10.9 million in new funding

      O(1) Labs, the team behind the development of Mina Protocol (formerly Coda Protocol), has raised $10.9 million in fresh capital. With this fundingl in place, O(1) Labs plans to build a developer community for Mina in Asia prior to its mainnet launch.


      Staking Providers Update

      Lido: A new Staking Solution for ETH 2.0

      Lido is a staking solution for ETH 2.0. It makes staked ETH liquid and allows participation with any amount of ETH.

      When using Lido to stake your ETH on the Ethereum beacon chain, users will receive a token (bETH), which represents their ETH on the Ethereum beacon chain on a 1:1 basis. It effectively acts as a bridge bringing ETH 2.0’s staking rewards to ETH 1.0.

      Introducing Stkr: ETH 2.0 staking for Everyone

      The Stkr platform enables ETH 2.0 staking for all parties — including those who don’t have the required amount of ETH. Moreover, Stkr addresses the illiquidity issue with a synthetic asset called aETH.

      Figment Partners with Finoa on NEAR, ROSE, and SKL Staking

      Finoa’s “warm-storage” custody combines hot and cold storage characteristics to form an innovative solution that guarantees a high-level of security, while allowing for immediate online access to digital assets. This gives token holders the ability to participate in on-chain activity such as staking or voting on governance proposals.

      Staking Facilities launched Staking Wizard

      Staking Wizard is an intuitive web-interface to offer seamless, non-custodial staking for different Proof-of-Stake blockchains.

      Binance launched Staking Super Rewards

      Binance Users can now lock up their TRX, XTZ & ATOM to earn Super Rewards with up to 20.58%. It remains unclear how these rewards are being derived tho..

      Citadel joined Band Protocol and KAVA as a validator


      Upcoming Staking Events


      Staking Rewards Updates

      New Asset Listings:

      Zilliqa – Earn up to 33.51%

      NEAR – Earn up to 20.07%

      New verified Providers:

      Updated Listings:

      Cardano has been updated and is now presenting more accurately than ever the estimated reward rates for each Cardano Stake Pool considering their margin, fixed fees and depending on their own stake and delegated stake!

      About The Author

      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