Staking information platform StakingRewards has just completed an extensive overhaul of its website. In addition to enhancing the data points it references for popular PoS cryptocurrencies, it’s added support for a number of new staking projects. Chief among these is Orbs, the public blockchain whose DEX solutions are widely used by DeFi protocols.
ORBS gets the StakingRewards treatment
As Proof of Stake has replaced Proof of Work as the industry’s favored consensus mechanism, staking products have multiplied. The sheer number of protocols and projects offering staking services risks causing information overload for crypto holders, however, who are faced with a preponderance of choice. StakingRewards aims to make those decisions easier by supporting side-by-side comparisons of staking projects.
In the case of Orbs, StakingRewards has created the most detailed and data-rich breakdown of the project to date. The ORBS portal contains everything a potential staker needs to know before putting their tokens to work. It details the increase or decrease in staked tokens per day, the percentage of tokens staked, the reward rate, and annual rewards. There’s also information on things like reward stability, detailing the likelihood of current reward levels being maintained.
One of the most useful features is the ability to track network rewards over time in conjunction with native token price. This enables users to seek protocols whose token issuance is set at a reasonable level to match current demand. StakingRewards’ ORBS section also provides a staking calculator, making it easy to determine the amount that can be earned for staking a specific quantity of ORBS for a certain period.
Staking takes center stage
The crypto staking industry is worth $170 billion by market cap and currently pays out close to $6 billion in rewards each year. These incentives have driven strong demand for staking products, not just from consumers but institutions too. Because these rewards are scattered across different protocols and networks, there’s a need for data services that can aggregate current staking information and present it in a format that’s easy to grasp.
StakingRewards has evolved into the industry’s preeminent staking information service. In addition to covering layer1 chains such as Ethereum, Solana, and Avalanche, it covers the long tail of crypto products that utilize staking in some capacity. In the case of Orbs, staking is used to secure the project’s network and the broader Universe that operates under the Orbs banner. Orbs supports multi-chain staking on Ethereum and Polygon.
One of the most useful features to be found in StakingRewards’ ORBS deep dive is the table it’s published on Guardians. Guardians are staking providers who stake ORBS tokens on the user’s behalf and run a validator node. On the StakingRewards platform, different Guardians can be compared, making it simple to identify the most reliable staking provider. StakingRewards finishes its comprehensive ORBS breakdown with a step-by-step guide to participating in ORBS staking.
