Ziliqa was launched in 2017 with the aim of solving scalability issues in existing blockchains. It utilizing sharding, a method of dividing a network into smaller chunks. The concept made crypto transactions faster and enabled the ecosystem to be more adaptable. It supports decentralized applications and delivers great results to traders while generating passive income with an efficient mechanism.
Ziliqa becomes a good option for staking due to various reasons. The core mechanism helps the network achieve high throughput. It handles thousands of transactions per second while charging a competitive fee. For smart contract execution, the platform implements a high-end programming language called Scilla. Moreover, it gives access to many decentralized solutions while bringing a secure infrastructure.
Due to all these advantages, many other platforms have started supporting Ziliqa staking. These different exchanges and blockchain networks make this activity fruitful in various ways. They make this public and permissionless network more popular among crypto users. At the same time, they deliver many other exclusive benefits to stakers. So let’s dig into the top platforms to stake Zil and see what they offer.
Top Platforms to Stake ZIL
These top platforms to stake ZIL don’t make ZIL staking possible; they also bring more possibilities for users. They allow stakers to explore the vast possibilities of decentalized finance.
Atomic Wallet
Atomic Wallet has emerged as one of the most reliable platforms to stake Ziliqa. Users can access it on the website and mobile app on various operating systems. They can also buy, sell, and swap more than 500 assets that include altcoins and major ones like Bitcoin. It provides a built-in exchange that supports trading functionality. They just have to pay 2% additional fee for these features. It brings robust security for the storage of private keys.
Ziliqa stakers enjoy the highest annual ROI of 15% on Atomic Wallet. The easy interface makes all the activities effortless for token holders. Users can either transfer their ZIL tokens here or they can buy them here as well. In addition, it’s a non-custodial application that streamlines portfolio management. Investors can track their assets in an entirely-decentralized environment. They can buy cryptos with debit/credit cards easily with just a few clicks.
Binance
Binance is the biggest crypto exchange that offers various DeFi-based services, including staking. Ziliqa holders can start its staking while for a trade on this platform. Also, they can enjoy free rewards by just depositing and holding their assets. The feature-rich exchanges bring a string of features for users to benefit from. It includes a 0.75% fee on each transaction and a 10% discount on lifetime trading.
On top of that, it implements different locking periods with diverse APYs. With 30 days, users get 13.87%, 60 days get them 14.12%, and 90days unlock the rate of 17.28%. The intuitive interface makes staking and all other activities easy to undertake. Using Binance Earn, Traders can gain many rewards and offers on staking. All this happens on a robust structure with automation, learning resources, and much more.
Huobi
Huobi is a reputable exchange known for delivering a smooth and safe trading experience. It also makes staking quite prolific for several cryptos, including Ziliqa. Founded in 2013, the platform focuses on making trading and earning easy. It provides a well-guarded structure that safeguards assets and user information. Users can convert fiat into crypto seamlessly while using over 60 payment methods. It’s definitely among the top platforms to stake ZIL.
Stakers of Zilqa and other coins gain full control over their digital assets. Investors can engage with spot trading at just a 0.2% fee. Furthermore, withdrawals can be done without paying any additional charge. It even brings multi-signature cold storage for advanced protection of assets. Traders get 24/7 support along with yield-generation, high liquidity, easy interface, multiple trading options and much more.
Guarda
Guarda is another major wallet application that crypto users prefer for staking. Users can store their private keys locally to enjoy unyielding security. The platform is known for making asset management effortless. To prevent theft or unauthorized access, it implements multi-signature functionality and data encyrption. Crypto users can also get diversified DeFi solutions like crypto loans.
This non-custodial storage is compatible with over 400,000 assets. It facilitates sending, receiving, staking, along buying/selling with a built-in exchange. The platform works as a website, a desktop and a mobile app, and as an extension too. Staker of Zilqa and other assets can earn steady passive income using this app. Users enjoy access to different dApps, 24/7 live support, a fiat gateway, and much more.
CEX.io
CEX.io is a multi-functional crypto exchange that delivers various solutions, including staking. Being a full-fledged trading platform, it offers brokerage services as well. Users can buy, sell, and trade a broad array of assets in a secure environment here. They don’t have to pay any fee on withdrawal at all. It is specifically popular among EU traders for its high trade volume handling with safety. A large number of investors consider it among the top platforms to stake ZIL.
Digital assets users can start staking Ziliqa and other assets with just a few steps here. Besides the passive income, they can engage in multiple trading types, like margin and spot. They even enjoy high liquidity and access to cutting-edge trading tools. Users can access this exchange on the website, mobile app, and APIs. Security measures include cold storage and on-chain diagnostics.
Zillet Wallet
Zillet is an open-source wallet that gives full control of assets to its users. It functions as a web-based interface providing all the features of a non-custodial application. Users gain full control over their private keys along with many other merits. The platform makes staking of Ziliqa and other assets quite rewarding. Token holders can start the process in just a few steps while enjoying different options.
They get a chance to secure high APY, too, without any bonding period. The wallet makes overall handling of assets quite easy for holders of a diverse portfolio. It amps up the security with robust security and rules out the possibilities of attacks. Stakers can easily transfer their coins to this platform and start the process. The deposits and withdrawals are quick, along with 24/7 support, and an easy interface.
Moonlet
Moonlet is a non-custodial wallet that delivers many advantages, including staking. The platform facilitates sending, receiving, and swapping, along with the storage of digital assets. Users can easily interact with dApps using its Handshake feature. Token holders gain full control over their private keys, feeling fully assured about the platform’s security. It’s compatible with a large number of cryptos, including Ziliqa.
The wallet provides an intuitive interface on desktops as well as on phones as a mobile app. The hierarchical deterministic structure lets users manage multiple addresses seamlessly. Users get instant notifications on sending and receiving transactions. For tightening security, Moonlet integrates Ledger hardware wallets. It functions as a gateway for Web3 applications and makes them easy to access. It’s certainly one of the top platforms to stake ZIL.
Upshot: Top Platforms to Stake ZIL
Ziliqa certainly improves the efficiency of blockchain, making it more profitable for users. Using concepts like sharding, it takes advanced steps to boost the network’s speed. It combines Proof-of-Work (PoW) with Practical Byzantine Fault Tolerance (PBFT) to optimize node handling. While removing the fake ones, it accelerates the performance of the network.
With top platforms to stake ZIL, crypto users make the most of this ecosystem. They secure passive income for the long term and access various DeFi solutions too.
Frequently Asked Questions
What is Ziliqa (ZIL) and why is it popular for staking?
Ziliqa is a blockchain platform that was launched in 2017 and is aimed at solving the problem of scalability with the help of sharding technology. It is capable of processing thousands of transactions per second and has its own smart contract language, Scilla. Staking of ZIL is popular due to its high throughput, competitive fees, participation in governance, and reliable returns in terms of passive income.
Which are the top platforms to stake ZIL?
The most popular platforms to stake ZIL are Atomic Wallet, Binance, Huobi, Guarda, CEX.io, Zillet, and Moonlet. The platforms differ in terms of APY, lock-up, user interface, and security, which enables investors to select the most suitable option.
What kind of rewards can I expect from staking ZIL?
Rewards are determined by the platform and staking terms. As an example, Atomic Wallet provides up to 15% ROI per year, whereas Binance offers 13-17% APY, depending on the lock-up period (30-90 days). Competitive yields are also offered by non-custodial wallets, such as Zillet and Moonlet, with no bonding period.
