Best Staking Coins for Maximum Passive Income

Staking opens cryptocurrency users  great opportunities

for passive income from their assets reducing risks.

Best Staking Coins

To participate in staking on the Proof-of-Stake algorithm, you select a cryptocurrency that supports PoS, buy coins and put them on your crypto wallet. Then you download the program, program your staking wallet and register it on the network. On average, you wait 24 hours for the wallet to be activated, and then launch the program on your PC. The program performs the necessary calculations, and after a while, the money earned will be transferred to your wallet.
The main condition is that the money in the account cannot be moved. They should just lie there and participate in the confirmation of transactions. This is what you make a profit for.
There are quite a few PoS coins developed in 2020-2021, but not all of them are worth considering. Below we will highlight a few particularly interesting projects.


BitDAO (BIT)
BitDAO has become one of the world's largest DAOs (Decentralized Autonomous Organization) with the support of Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, and many other investors and developers.

BitDAO wants to level the playing field for everyone in the world by building decentralized tokenomics. This protocol is one of the newest and largest DeFi-centric Decentralized Autonomous Organizations in the world and is operated by BIT token holders.

BitDAO's vision is open finance and a decentralized tokenized economy. BitDAO hopes to support a wide range of projects including DeFi, DAO, NFT and Games (GameFi). Support will be in the form of research and development, increased liquidity and funding.


Polygon (MATIC)
In its structure, Polygon resembles Cosmos, and in terms of work algorithms, it resembles Ethereum. Dozens of frameworks and projects are created on it, which are supported by a large community, which provides strong support for the coin.

The profitability of staking on Polygon depends on the number of coins locked. The highest income you can expect is about 14% per year.


Binance (BNB)
Binance is the largest crypto exchange in the world and also one of the most popular cryptocurrency staking platforms. Its BNB token is a popular staking coin. The algorithm also offers delegation, although so far there is no requirement for a minimum threshold amount. You can deposit a coin for just a week and then reinvest to get something like compound interest.

Stacked BNB can earn anywhere from 6 to 9% per year, although in some cases it can be up to 30%. The profitability depends on the transaction fees, so it can vary significantly.


Hydra (HYDRA)
Hydra combines deflationary and inflationary mechanics to maintain inflationary block rewards, protecting investors from token's depreciation. This makes Hydra a unique staking coin. Also, in the Hydra system, transaction fees are almost completely zeroed, while the reward remains inflationary.

In the Hydra blockchain, anyone can become a node. Invest just 10 HYDRA coins and you can already earn up to 60% profitability from staking.


Tron (TRX)
Today, Tron is one of Ethereum's main competitors, growing at the same time. The system includes a social network, gaming clubs, online casinos, a gaming portal and a payment terminal. Tron also runs its own USDT stablecoin of the TRC-20 standard on the Tron blockchain, transactions of which are much cheaper than on the Ethereum blockchain. For its ease of use and breadth of capabilities, Tron has received reliable support from connoisseurs of computer games around the world.

The attractiveness of staking lies in the stability of the coin and quite a worthy accrual of interest in some cases exceeding 10%.


PolkaDot (DOT)
This project is one of those that instantly conquered the crypto community immediately after its beginning. The internal coin of the DOT system was released in August 2020 and has already increased in value 15 times. The innovation of the system lies in the mechanisms that unite blockchains into a single network. PolkaDot hit several CoinMarketCap ratings at once, becoming one of the leaders in capitalization, staking profitability and other indicators.

PolkaDot is one of the best staking coins out there. The average annual return on staking coins is 14%, which is great for generating passive income. To receive income from coin staking, you need to become a network validator, for which you need to deposit an amount of 10,000 DOT or more. This means you need to invest several hundred thousand dollars.


Ethereum 2.0
It is the second cryptocurrency to hit the market right after bitcoin's first success. The novelty of the ideas of Vitalik Buterin and his team immediately attracted investors and gave the coin significant community support and growth in value. Ether still remains the leader in terms of the number of projects released on its smart contracts, and also stably continues to appear in all ratings.

Ethereum faced the same problems as Bitcoin. This is due to the heavyweight blockchain, which imposed its own restrictions on the throughput of the network and made transactions long and expensive. Therefore, in 2021, it was decided to transfer it to PoS.

It has not yet happened completely, but the number of those wishing to stake Ethereum 2.0 has only grown. The coin offers stakers a yield of about 6%, and staking became available starting with a deposit of 32 ETH or more. Coins are frozen for a period of one year, and you can withdraw them only after a full network update.

Ether 2.0 attracts not only with the staking percentage, which, in general, cannot be called high. Its large capitalization and stable growth of rate have a significant weight in the choice of this coin.


Tezos (XTZ)
The project was launched in 2018 with the goal of becoming a network protocol for secure and time-tested smart contract systems. The Tezos blockchain is powered by the Liquid Proof of Stake (LpoS) algorithm.

In order to become a Tezos validator, you need to deposit an amount of 10,000 XTZ or more. At the same time, the system allows you to delegate any number of your own coins to the baker's trust.
Now on XTZ staking, you can earn about 7% per year.


Algorand (ALGO)
ALGO is one of the fastest coins to date, allowing transactions to be carried out in as little as 5 seconds. The blockchain of the coin was developed for implementation in the work of banks and other financial structures.

The coin is traded on exchanges and provides good staking opportunities with an average income of 5 to 10%, without any restrictions on the amount and timing.


PancakeSwap (CAKE)
The PancakeSwap is a decentralized cryptocurrency exchange (DEX). It is the leading decentralized marketplace built on the Binance Smart Chain (BSC) blockchain. Despite the fact that PancakeSwap was launched only in 2020, it has already gained great popularity. Today, its daily turnover is more than $ 800 million. The cheapness of transactions is achieved through functioning on the basis of the BSC blockchain.

CAKE provides the ability to invest in a different ecosystem and, with this, to own the control current, which has real functionality.
There are 16 tokens available in the pool network for staking, and in the pool, with the highest staking volume Auto CAKE, the yield is 72.70%. There are pools with even higher bonuses.


Solana (SOL)
The project was started in 2017, but until 2021 it did not attract much attention from crypto investors. However, only in the 3rd quarter of the outgoing year, the coin showed an increase of 1000% and brought colossal profits to everyone who made a bet on it earlier. Today it occupies a leading position in the TOP of the most profitable crypto projects on CoinMarketCap.

Its staking can bring up to 40% profit on some platforms. Another advantage is the period of 15-90 days, which allows you to quickly increase income through reinvestment.


Avalanche (AVAX)
Native coin of the Avalanche system, which founded its own platform for smart contracts, dApps and applications were launched in 2020. The project was supported by the participation of Emin Gün Sirer, who is one of the creators of bitcoin. In just a year, AVAX has grown 8 times.

Staking requirements have become high for both delegates and validators. Now you can start earning 5-6% of the passive profit on it with an amount equivalent to $ 1100, while the period of blocking the asset is only 15 days.


ApeSwap (BANANA)
The automated market maker (AMM) ApeSwap is a fork of the famous PancakeSwap system. The exchange has a native BANANA token, with which you can pay for various services. Unlike Ethereum-based exchanges, ApeSwap is really cheap to use. Commissions here are scanty, and the transactions themselves are almost instantaneous.

ApeSwap has the ability to receive passive income through staking. ApeSwap staking is available to all BANANA token holders, which can be withdrawn at any time and in full. Staking on ApeSwap in some cases can bring in up to a fabulous 283% APY, such as under the BANANA-BNB LP contract.


SushiSwap (SUSHI)
Another decentralized exchange, which allows one to trade digital tokens on the Ethereum blockchain. It was created on the basis of another well-known platform - Uniswap. This project is popular in the cryptocurrency community.

Currency staking is available in the DeFi project SushiSwap. For depositing tokens, users are credited with SUSHI, which can be spent for any purpose, including currency exchange or pairing in pools. The profitability of sushi is constantly growing, so the clients of the exchange do not risk anything.

Some DeFi market players argue that pool returns can reach 1000%. The real figures are still different, but they are growing. This means staking in SushiSwap and owning SUSHI tokens is beneficial. This currency is universal and can be exchanged at any time.


Chronicle (XNL)
Chronicle is a platform for trading and exchanging cryptocurrencies and the highly popular NFT. Here you can lock coins in order to obtain management and voting rights. Chronicle gives you the opportunity to earn staking rewards. The XNL coin is one of the best when it comes to staking. There are few projects that would allow you to earn up to 67% APY from staking like Chronicle, although the rate may vary.

You can start staking with 50 XNL coins. You can withdraw earned money in just 3 days. Many popular wallets like MetaMask are suitable for buying and staking Chronicle today.




Cardano (ADA)

This project appeared a little later than Ethereum but did not appear for a long time. However, after the introduction of a number of updates, it suddenly met the expectations of investors. Already in 2020, the value of the native coin of the system ADA increased by almost 4.5 times, and in 2021 it showed an increase of 750%. Also, the recent important update of Alonzo has attracted even more investors who are investing in ADA.


Although Cardano's staking conditions are far from the most attractive at 7%. The decline in profitability was due to the influx of validators over the past year. On the other hand, profitability is more than offset by a steady rise in the price of the coin.



Akash (AKT)

Akash Network was launched in late September when Akash Network's main decentralized cloud application hosting network went live. It is a cloud computing marketplace designed to reduce waste, thereby reducing costs for consumers and increasing supplier revenues. Exchange users rent and lease computer resources without intermediaries.


At the moment, transactions, network voting and staking are available in Akash. The network's token, AKT, is used as a staking mechanism to secure the network and normalize computational prices for the market auction.


The number of AKTs locked by the validator for staking determines the frequency with which the validator can propose a new block and its weight in votes to commit the block. In exchange for staking to the validator, the AKT holder is entitled to receive a block reward in AKT tokens, as well as a percentage of the transaction fee and service fee.



What do we get finally?


The Proof-of-Stake mechanism aims to improve blockchain technology and gain significant adoption in the industry. The lower barrier to entry into the process of coin generation and transaction validation, as well as the lack of the need for infrastructure, are now attracting community members to PoS coins. Together with relatively less vulnerability to attacks, PoS coins can generate passive income through staking.


Staking is one of the safest ways to make money since the blockchain user does not transfer his coins anywhere. They remain in his wallet. To confirm transactions, only his right to a share in the total chain, that is, a stake is used. You can start earning at any time.