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 15th November to 23rd November?

      Ethereum 2.0 is finally confirmed with the staking contract filling up quickly in the last minute! We have been waiting for this moment for a long time! And without further a due, we are glad to present you the 8th 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.one 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

      • Ethereum launch on 1st december confirmed!
      • The ultimate eth2 staking guide
      • Oasis Mainnet is live!
      • Launch of the Cosmos Stargate Testnet
      • Bluzelle Staking Economics
      • Solana Foundation Delegation Strategy

      …And many more!


      Staking Market Overview

      Total Value Participating in Staking (24h change): 

      $21,336,992,634 (+33.3%)

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

      New high for Polkadot!

      • Polkadot: $3,812,863,747 (+18.21%) 
      • Cardano: $2,769,734,302 (+46.29%)  🔥
      • Tezos: $1,774,777,475 (+23.39%) 
      • Avalanche: $1,143,192,992 (+7.77%) 
      • Algorand: $1,257,836,569 (+25.38%) 
      • Cosmos: $1,110,419,011 (+10.74%) 
      • Tron: $844,570,253 (+32.13%)

      Staking Research

      The ultimate eth2 staking guide

      Ethereum 2.0 (referred to as “eth2”) is not only moving to Proof of Stake with attractive returns for all participants, but also setting the starting point for a blockchain scaling solution.

      Wondering which options you have to participate in staking ETH? Worried about staking minimum, risks, or liquidity? Read on. 

      We have looked at the most feasible opportunities and service solutions helping you to earn that sweet passive ETH income for providing a public infrastructure good while reducing your operative overhead and keeping your risk minimized.

      This guide is for you to find the best service solution for your ETH staking needs and the risks and benefits of different options available to you.

      Our Network: Issue #48 – Polkadot

      Polkadot coverage is provided by Bruno Škvorc, Technical Educator at Web3 Foundation.

      Since inception, the validator and nominator communities (and thus economic security) of both Kusama and Polkadot have experienced incredible growth. Polkadot went a step further in a much shorter time period, having gone from 20 validators with a few dozen nominators on each, to 233 validators and a total of 7000+ nominators. These economic actors have altogether staked a whopping 652 million DOT, or a total of around 3 billion USD value — 49% of all KSM and 65% of all DOT in existence is locked in the staking system at the moment of writing. Kusama, having started with 20 validators, grew to 700 backed by 2300+ nominators for a total of ~5 million staked KSM or a value of 175 million USD.

      ICON 2.0 Explained by Stakin

      In September 2020, the ICON Foundation announced ICON 2.0, also known as Batang, the bedrock for the future growth of the ICON Network. This is a major redesign and upgrade for the ICON protocol, which will open the door to many more opportunities. If you’re not yet familiar with Batang, it’s definitely time to get up to date with all the ins and outs about it in this article.

      Live Networks Updates

      Oasis Mainnet: Ushering in a New Era of Privacy and Scalability

      The Oasis Network is live! The Oasis Network Mainnet had a fully decentralized launch with over 70 independent validators. The Network has many exciting projects being built on the network including the CryptoSafe Alliance with Binance, privacy-first genome sequencing with Nebula Genomics, a Fortune 500 Healthcare company, and many more. The Network has a rapidly growing ecosystem of DeFi partners such as Chainlink, Balancer, and Meter, with many more coming in future weeks.

      An In-Depth Look into the Bluzelle Staking Economics 

      The targeted APY for Bluzelle staking is 25% APY. This is equivalent to 0.06115% daily yield. Every day, the mechanism guarantees that the total rewards for the whole community pool is 0.06115%. That means if the whole pool has 10 million tokens staked, the total reward pool for the day will be 6115 BLZ. Bluzelle has allocated an annual BLZ rewards pools that will decrease over time. These rewards represent 10% (50M) of the total supply over four years. Unallocated rewards from the previous year will be rolled to the next year.

      Cosmos Stargate Testnet is live!

      A big call for Cosmos validators!

      Testnet plan:

      1. keys custody (signing, broadcasting, multisig)
      2. legacy amino 
      3. voting to enable IBC and tokens transfer
      4. creation of IBC tokens
      5. relayer
      6. simulated cosmovisor upgrade 

      Cosmos Proposal #30 to “Adjust Blocks Per Year to 4.36M” passed! 

      Here are the significant changes that apply at 7.41s/block:

      1. new issuance from 6.14% to 6.84%
      2. rewards rate from 8.25% to 9.19% 

      KyberDAO: Increasing Ecosystem Participation

      KyberDAO has completed 9 successful Epochs so far, with over 50M KNC staked, 10,000 on-chain votes, and $1M ETH rewards distributed to voters. KNC (Kyber Network Crystal) voting delegation is an important next step towards further decentralization and increasing active governance participation by key KyberDAO and DeFi ecosystem participants. Learn more in the article above.

      Injective Partners with Stafi to Enable New Staking and Yield Farming Opportunities using Substrate

      This partnership will create a number of new opportunities not only for Injective and Stafi but also for the DeFi community as a whole as they look to introduce new forms of staking derivatives on the DEX moving forward. This also helps to further expand the planned integration with Polkadot.

      Announcing the Solana Foundation Delegation Strategy

      The Foundation will deploy an autonomous script that dynamically and uniformly divides and delegates a pool of 100,000,000 SOL in such a way to maximize the minimum number of unique nodes that constitute 33% of the global stake. Full details of the delegation strategy are provided in this article.

      Solana Foundation Grants — Wave One

      Solana Foundation announced the first wave of recipients into the Grants Program! Each of the 12 projects brings a talented team and a strong vision to the Solana ecosystem. From bridges to AMM – check the full list of projects via the link.


      Upcoming Networks Updates

      Ethereum 2.0 is ready to launch on december 1st

      641,344 ETH have now been deposited in the ethereum staking contract. This marks an important milestone for the staking ecosystem overall. The genesis date for eth2 to launch the Beacon Chain has been set for December 1st, 2020. The Launch of the biggest upgrade in blockchain history is now right around the corner. 

      Learn more about Ethereum 2.0 here

      $25,000 Worth of XPRT will be Distributed to KAVA Stakers During the Kava StakeDrop, Beginning November 26th

      Key Details:

      1. Total rewards: 100,000 XPRT ($25,000 based on the latest valuation)
      2. Campaign duration: 21 days
      3. Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621)
      4. End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440)
      5. Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360)
      6. Network Rewards Pool: 80,000 XPRT
      7. AUDIT.one Rewards Pool: 20,000 XPRT

      Also read more about the collaboration between Staking Rewards and Persistence StakeDrop

      The Akashian Challenge Phase 3: Rewards Overview

      With 500,000 Akash Token (AKT) in rewards, and validators and developers joining from around the world, The Akashian Challenge Phase 3: Developer Operations will test the technical and social cunning through a series of tasks and open-ended challenges that get progressively more difficult. The challenges will be live during the week of November 30, 2020 – December 4, 2020 and the week of December 7, 2020 – December 11, 2020. Rewards from the first week will be posted on December 14, 2020. Complete results of rewards will be posted on December 21, 2020.

      Mina Testnet 4.1 release is now live

      Join the former CODA Protocol’s community and take part in testnet challenges for a chance to become eligible for the Genesis token program.


      Staking Providers Updates

      How Lido’s validator choices help you avoid hostage ETH

      It’s important that when you stake ETH, you select a professional and reputable node operator. There are two main risks associated with selecting a node operator: hostage years and slashing risk. This article by Lido discusses both shortly. 

      SecretSCRT: How to Mint, Send, Receive, and Convert Privacy Tokens Using Keplr Wallet

      In less than sixty seconds, you can start minting and sending your own privacy-preserving Secret Tokens on Secret Network. Check out these written and video guides to using Keplr Wallet with secretSCRT.

      Guides on how to create Ethereum 2.0 Keys by Stake.fish

      Generating Ethereum 2.0 keys to deposit your ETH for staking with us can be confusing if you don’t have much experience behind a command line. These tutorials will take you step by step through the entire process.

      New Guides by Everstake:

      1. How to stake NEAR using the Near Wallet: a beginner’s guide
      2. How to stake Cosmos (ATOM) via the Cosmostation mobile wallet
      3. How to stake BAND via Atomic Wallet
      4. How to stake EOS via proxy and get 2% — 4% per year
      5. How to stake EOS via the Bloks.io proxy in the Scatter desktop wallet and get 2% — 4% per annum

      Upcoming Staking Events

      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.