Simply Staking has launched a new staking dashboard for Berachain, allowing users to stake BGT tokens following the blockchain's mainnet launch and a recent $1.1 billion community airdrop.
Simply Staking has launched a new staking dashboard for Berachain, allowing users to stake BGT tokens following the blockchain's mainnet launch and a recent $1.1 billion community airdrop. With this addition, the company now supports over 50 protocols and has over $1 billion in staked assets.
The Berachain dashboard enables BGT holders to delegate their assets to validators, contributing to network security while retaining control of their funds through integration with compatible crypto wallets. The platform emphasizes a non-custodial staking experience, minimizing reliance on third parties.
A spokesperson for Simply Staking highlighted that the dashboard aims to simplify the staking process, making it accessible for users looking to engage with Berachain's "proof-of-liquidity" protocol.
This mechanism is intended to align incentives among validators, applications, and users, ensuring that transactions directly influence network liquidity and security.
BGT, one of three native tokens in the Berachain ecosystem, is non-transferable and focuses on rewards and governance for active participants in the network. Users of Simply Staking's platform can track their staking rewards in real time and adjust their strategies accordingly.
The company operates a Tier 3 data center to enhance reliability, addressing concerns about validator interruptions that can lead to penalties for stakers. Simply Staking aims to streamline the staking experience for both retail and institutional investors, especially as interest in digital assets continues growing on Wall Street.
In addition to Berachain, Simply Staking offers dedicated dashboards for other major cryptocurrencies, including Ethereum, Cosmos, and Polkadot, as part of its mission to advance decentralized technology.
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