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Author: Admin | 2025-04-28
Offers one of the highest staking reward rates out of all major blockchains, sitting at an up to 28.6% annual percentage yield (APY) as of writing. In other words, you can expect to earn 286 ENJ by staking 1,000 ENJ over the course of a year (you can use our crypto APY calculator to set your own parameters). In addition, ENJ earned via staking is automatically deposited into the existing staking balance, which means that users benefit from the effect of compounding interest.Users can stake Enjin directly via the Enjin wallet, which is simple yet features powerful NFT features. It's worth noting that when staking ENJ through the wallet app, you have the ability to delegate your ENJ stake to different staking pools. However, not all pools boast the same reward rate, and there is a limited amount of ENJ that can be staked in each pool. In practice, this means that you might have to choose a pool with a lower staking rewards rate if the pools with higher rewards are full. In any case, the rewards are paid out daily and can be withdrawn anytime.Enjin can also be staked at different centralized exchanges (CEXes). But the rates of staking rewards at CEXes are pretty poor. During our testing, Binance offered just 0.15% APR on ENJ staking, while KuCoin offered even less, just 0.08% APR. If you plan on staking ENJ, we suggest you go the Enjin wallet route.2. EthereumEthereum is the leading blockchain platform for smart contracts, and it has been running on a Proof-of-Stake consensus mechanism since 2022. You can stake Ethereum by running a solo validator or use alternative staking methods such as on-chain liquid staking protocols or staking services offered by centralized cryptocurrency exchanges. Most crypto investors won’t be able to run an Ethereum solo validator – the process requires some technical knowledge, but the biggest hurdle is the 32 ETH (roughly $113,000) requirement to launch a validator, which most people simply can’t afford. Thankfully, you can still benefit from ETH staking rewards even if you only own a small amount of ETH. You can
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