Utilize Hex Trust's Institutional-Grade Infrastructure to Stake and Grow Your Assets.
Staking involves locking up your tokens or digital assets to actively contribute to a blockchain network's security and consensus mechanism. By participating in staking, you become eligible to earn rewards in the form of additional tokens.
At Hex Trust, we provide the robust infrastructure needed for our clients and the public to engage in this mechanism.
Earn yields on otherwise dormant capital, making your assets work harder for you.
Stakeholders have the power to vote on proposals that shape the future of the blockchain.
By staking with highly secure and trusted validators like Hex Trust, you contribute to strengthening the network against malicious attacks.
By delegating your assets to our validator node, you will receive a proportional share of rewards based on your stake. Once delegated, your rewards will automatically accrue without requiring any active management.
Control of Funds
Security
Accessibility
Trust
Flexibility
Key management is handled by Hex Trust, offering institutional-grade infrastructure for secure key management
Transactions, including staking, require multiple levels of approval and other security measures to ensure the safety of your funds
Simplified user flows to maximize user-friendliness and accessibility for all demographics
Users can rely on our expertise and battle-tested infrastructure for security and management of funds
Offers convenience and flexibility without technical knowledge monitoring
User retains full control over funds, but responsible for managing private keys
User needs to actively manage to ensure the security of their private keys and funds
Requires deeper understanding of blockchain technology and applications
Requires high trust in user’s own ability to manage and deploy funds securely
More flexibility & control, but requires managing funds and staying updated on network changes
Staking is the act of users providing their assets to help secure the network. Users will stake their assets to a validator node or smart contract and accrue rewards. The stake acts as a guarantee to ensure the network remains operational and secure.
In DPoS (Delegated Proof of Stake), users stake their pool to a certain validator node. The more assets staked to a validator node, the higher the chances of the node being chosen to propose new blocks to be added to the blockchain. If the proposal of a new block is successful, the validator node is rewarded, and users who delegated to the validator node will receive a share of the rewards proportional to their stake.
A key risk involved would be slashing. Slashing involves the validator node being penalized a percentage of assets staked to them for maloperation including, but not limited to, Downtime and Double-Signing. It is therefore important to choose validators that have a strong history of performance, such as Hex Trust Validator Nodes.
If you do not need a custodial solution:
Go to a self-custodial wallet that supports the specific blockchain you intend to stake for
Then, ensure you have acquired the token you wish to stake, and that it is on the correct blockchain. Typically, the asset will be the native token for the specific blockchain.
Navigate to the staking section of the self-custodial wallet, and search for Hex Technologies, and stake your tokens.
If you do need a custodial solution:
Reach out to us at https://hextrust.com/contact
If you are using a self-custodial solution, do ensure that you only connect to trusted websites, and follow usual best practices for keeping your wallet safe.
A key benefit of using HexSafe v2 to stake your assets is you will be able to enjoy the benefits of staking, as well as the benefits of security from a fully-licensed digital asset custodian.