RATE Group | Tezos Staking Thriving Despite Exorbitant Service Fees
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Tezos Staking Thriving Despite Exorbitant Service Fees

04 Mar Tezos Staking Thriving Despite Exorbitant Service Fees

Posted at 04:18h in Cryptocurrency News by

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Staking on Tezos is thriving. However, fees as high as 30% are not uncommon among staking providers. Here’s how to walk away with more bread.

Much of the growth in staking is largely thanks to centralized services like Coinbase. Tezos staking on centralized exchanges has grown significantly over the past month, increasing 27% since January.

Coinbase holds more than 8% of the network stake through a balance of 58 million XTZ, making it the largest staking provider for Tezos—despite 25% fees.

Tezos Staking at All-Time Highs

While not a new concept, staking saw its popularity rise only in 2019 as more crypto projects began abandoning the proof-of-work (PoW) concept and turning to proof-of-stake (PoS). With projects such as TRON, EOS, Steem, and Tezos taking over the market, the popularity of staking continues to grow.

The growth in popularity isn’t felt only on social media—cold, hard data backs up this observation showing that staking everywhere is on the rise.

A perfect example…

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