In the past 4 weeks, the total value locked (TVL) for staking has increased by 258% from $45.2 billion to $161.8 billion. Clearly, locking tokens for staking has become a new revenue stream for both platform developers and crypto holders, who mutually benefit from the carefully designed incentive ecosystem.
Crypto wallet Moonstake has announced the support of staking Polkadot’s cryptocurrency DOT in its Web Wallet.
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.