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Understanding Crypto Staking in Avail Blockchain

Jun 4, 2024

The process of crypto staking in AVAIL turns out to be straightforward, with specific conditions to meet for maximizing rewards. AVAIL crypto is the native coin of the Avail blockchain. Its unique technology allows seamless growth of connected blockchains by providing verified data availability through its core product, Avail DA.

Any blockchain, whether Layer-1 or Layer-2, can integrate with Avail DA, ensuring constant availability of transaction data, crucial for achieving limitless scalability.

Avail developers have partnered with the top 5 Layer-2 Ethereum blockchains – Optimism, Arbitrum, Polygon, Starkware, and zkSync. The core role of AVAIL crypto is to secure Avail-utilizing blockchains and allow its holders to earn rewards through staking.

Staking AVAIL crypto results in participants receiving rewards in AVAIL tokens for contributing to the security and growth of the Avail blockchain by aiding validators in transaction validation.

The new blockchain adopts the 'stake once, secure many' approach, enabling nominators to support the entire ecosystem and next-generation applications in sectors like gaming, DeFi, and decentralized streaming platforms.

This article specifically covers the AVAIL crypto staking mechanism, the process of staking, and the maximum attainable rewards.

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