- net’s Co-Staking Marketplace is now live enabling the sharing of staking rewards.
- With the Co-Staking, no hardware is needed for $IO holders to earn staking rewards.
- The Co-Staking Marketplace connects hardware suppliers with token holders.
io.net, a leading platform in the DePIN (Decentralized Physical Infrastructure Networks) space, has launched Co-Staking Marketplace, an innovative feature that allows users to share block rewards.
The Co-Staking feature enables both device suppliers and $IO token holders to participate in the network’s validation process and share in the lucrative block rewards, without the necessity of owning physical hardware.
Democratizing staking
The Co-Staking Marketplace is a groundbreaking addition to io.net’s ecosystem, designed to respond to community demands for more inclusive participation methods. The marketplace serves as a bridge between those who supply computing power and individuals who hold $IO tokens.
Suppliers on io.net can now invite community members to contribute to the staking requirements for their devices, which in turn helps in lowering the personal financial stake needed to onboard high-performance hardware like H100 GPUs.
The suppliers can list their devices once they are fully staked and operational, specifying how much $IO is needed and what percentage of the block rewards they’re willing to share. These offers are customizable, allowing for flexibility in how the rewards and staking responsibilities are divided.
Co-stakers can then browse this marketplace, filtering offers based on various criteria like device model, reliability scores, and projected earnings, making it easier to find opportunities that match their investment strategy.
This not only democratizes access to staking but also significantly reduces the working capital required from suppliers, making it easier for them to manage their financial risk profile.
For $IO holders, the advantages are equally compelling. Previously, earning through staking was limited to those who could afford or manage the hardware.
Now, with Co-Staking, these token holders can stake their $IO alongside device suppliers, earning a share of the block rewards without the complexities of hardware management. This system simplifies the process of earning rewards, making it accessible to a broader segment of the io.net community.
Explorer Staking Dashboard
In addition to the launch of the Co-Staking Marketplace, io.net has also introduced the Explorer Staking Dashboard to enhance the user experience by providing a centralized hub for tracking staking activities in real time.
Users can use the Explorer Staking Dashboard to monitor their earnings, analyze historical trends, and stay updated with live data, fostering a transparent and informed staking environment.
Moreover, io.net has ensured that the Co-Staking Marketplace feature comes with clear guidelines for both suppliers and token holders. Detailed guides are available for setting up co-staking offers, participating as a co-staker, and managing stakes, alongside interfaces for tracking and withdrawing earnings or unstaking when necessary.
However, with the new opportunities come responsibilities and io.net has implemented a slashing mechanism to maintain network integrity. Devices that fail to meet performance standards could face penalties, affecting both rewards and staked amounts, which underscores the importance of reliability in this ecosystem.
Remarkably, besides expanding the utility of $IO tokens, the launch of Co-Staking by io.net marks a pivotal moment in decentralized computing, promoting a more inclusive, efficient, and rewarding environment for all participants.
The post DePIN io.net launches Co-Staking, allowing users to share block rewards appeared first on CoinJournal.
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