Staking Rewards are coming to Algorand in early December!
For the first time ever—you can collect rewards for running nodes or staking Algo, doing your part to secure the network.
Why stake on Algorand?
Key benefits 👇
1. No slashing risk ✂️
Staked Algo is not subject to slashing. Instead, ineffective nodes are algorithmically removed from consensus and simply forgo rewards.
2. No lockup period 🔐
On Algorand, independent validators maintain control of their ALGO at all times. Staked tokens remain in a user’s wallet while securing the network as part of consensus.
3. Low cost 🫰
Running a node on Algorand is extremely cheap. You only need a computer with 16GB of RAM, a fast SSD, and a 1 Gbps internet connection.
4. Real-time rewards 💨
The initial rewards for block proposers are 10 Algo + 50% of transaction fees for each block added to the blockchain. On Algorand, rewards are paid out as each block is finalized every 2.8 seconds.
And there is a path to participation for every user!
Participating accounts must stake a minimum of 30k Algo* to be eligible for rewards (decided by community vote in GP10). Users with lower Algo account balances can still participate—and collect rewards—through liquid staking and stake pool applications available across the Algorand ecosystem.
Explore some of the staking dApps that will be available -- including from @tinymanorg, @FolksFinance, @pact_fi, @Compxlabs, @ValarStaking, @MessinaOne, Reti Pooling and more 🔥
Today’s ecosystem spotlight is on @algorandcasino: the first decentralized casino on the Algorand blockchain 🎰
In addition to offering a seamless casino experience for players, it enables users to ‘become the house’ through staking 🥩 https://x.com/AlgoFoundation/status/1854233773824778259/video/1
This is one of the reasons why Algorand is positioned to be the go-to blockchain for payments. https://x.com/AlgoFoundation/status/1853870515439681544/video/1
Algorand’s partnership with @theworldchess drives 200,000 transactions per day and has driven over 211 million transactions since June 2020 📈
But what is the partnership with World Chess all about, and how will it lead to mass adoption? ♟️ https://x.com/AlgoFoundation/status/1852360361191833987/photo/1
Season 2 of your favorite blockchain podcast is back—Verifiably Random!
Stay tuned for S2 E1 tomorrow ⌛
In Episode 1, @JohnAlanWoods, @marcvl, and @mintwt discuss:
• Layer 1s vs. Layer 2s • @ZTLment’s move from Ethereum to Algorand for 7x faster payment processing • How you'll soon be able to use your $ALGO as a payment card in daily life with @PeraAlgoWallet, @immersve & @Mastercard • Why Atomic Swaps position Algorand to be the blockchain of choice for payments
Today at 9:00 AM ET, Algorand, in collaboration with @Accenture and @digitalassetcom, is powering Episode 4 of the @GBBCouncil series, “Not All Blockchains Are the Same.”
We’re excited to showcase to regulators, government agencies, and standards organizations the real-world impact of Algorand’s blockchain technology.