Aptos Introduces Delegated Staking: Why it Matters

Aptos Enables Token Holders to Secure the Network 

The Aptos Foundation released Core Delegation Pool functionality through Aptos Implementation Proposal 6 (AIP-6), developed by Bware Labs. Aptos made this recent announcement on April 20 through a Twitter post. 

The delegation pool extends Aptos' existing staking protocol. Its main purpose is to enable multiple parties to contribute to the staking requirement by entrusting the stake to a trusted validator. 

Once the delegation pool reaches the minimum stake required to run a validator, the validator can enter the active set and start validating blocks. The number of validators participating in the network determines the security and decentralization of L1 protocols. The greater the number of validators, the more decentralized the blockchain becomes.

For Aptos, this further decentralizes the network by achieving two goals:

1. By delegating their staking power to a validator, token holders can support the security of the network and earn rewards without having to run a validator themselves.
2. To reach the minimum stake required to join the validator set, node operators can spin up a delegation pool and have the public stake in it. As a result, the community can bootstrap validator nodes more quickly.

Prior to Aptos Implementation Proposal 6 (AIP-6), only token holders with more than 1M $APT could stake tokens and earn rewards. The AIP-6 also allows multiple wallets to contribute to the stake required for a validator to enter the active set.

Thus, delegated staking offers everyone increased access, flexibility, and self-custody. By delegating staking, token holders keep ownership of their $APT in their wallets without relying on off-chain methods to aggregate funds.

Aptos ($APT) has a total volume locked (TVL) at $61.33 million. $APT is trading at $10.98, down 3.67% in 24 hours. 

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What is Aptos:

Aptos is a new, independent project focused on delivering the safest and most production-ready Layer 1 blockchain in the world. The team includes the original creators, researchers, designers, and builders of Diem, the blockchain first built to serve this purpose.

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Where to find Aptos Labs:

Website | Twitter | Telegram | Medium | Discord |